World Energy Mutual Fund Forecast - Naive Prediction

World Energy Additional Predictive Modules

Most predictive techniques to examine World price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for World using various technical indicators. When you analyze World charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur. A naive forecasting model for World Energy is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of World Energy Fund value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

World Energy Naive Prediction Price Forecast For the 25th of January

Given 90 days horizon, the Naive Prediction forecasted value of World Energy Fund on the next trading day is expected to be 19.35 with a mean absolute deviation of 0.20, mean absolute percentage error of 0.07, and the sum of the absolute errors of 12.48.

World Energy Mutual Fund Forecast Pattern

Backtest World Energy

World Energy Price Prediction

Buy or Sell Advice

World Energy Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of World Energy mutual fund data series using in forecasting. Note that when a statistical model is used to represent World Energy mutual fund, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality. This model is not at all useful as a medium-long range forecasting tool of World Energy Fund. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict World Energy. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for World Energy

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as World Energy. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Hype Prediction Low Estimated High 17.94 19.05 20.16 Details

Intrinsic Valuation Low Real High 17.71 18.82 19.93 Details

Bollinger Band Projection (param) Low Middle High 17.03 18.03 19.03 Details

World Energy After-Hype Price Prediction Density Analysis

World Energy Estimiated After-Hype Price Volatility

World Energy Mutual Fund Price Prediction Analysis

World Energy Hype Timeline

World Energy is presently traded for 19.05. The entity has historical hype elasticity of 2.16, and average elasticity to hype of competition of 0.28. World is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is about 5.66%. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is presently at 0.11%. %. The volatility of related hype on World Energy is about 42.92%, with the expected price after the next announcement by competition of 19.33. The company has price-to-book (P/B) ratio of 1.53. Some equities with similar Price to Book (P/B) outperform the market in the long run. Assuming the 90 days horizon the next forecasted press release will be in a few days. Check out Historical Fundamental Analysis of World Energy to cross-verify your projections.

World Energy Related Hype Analysis

Other Forecasting Options for World Energy

For every potential investor in World, whether a beginner or expert, World Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. World Mutual Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in World. Basic forecasting techniques help filter out the noise by identifying World Energy's price trends.

World Energy Related Equities

Risk & Return

Correlation

World Energy Market Strength Events

World Energy Risk Indicators

Story Coverage note for World Energy

Other Macroaxis Stories

Other Information on Investing in World Mutual Fund