Pionero Fondo Stock Forecast - 8 Period Moving Average
| CFIPIONERO | CLP 7,409 427.78 0.00% |
Pionero Stock Forecast is based on your current time horizon.
Pionero |
Pionero Fondo 8 Period Moving Average Price Forecast For the 6th of January
Given 90 days horizon, the 8 Period Moving Average forecasted value of Pionero Fondo De on the next trading day is expected to be 8,424 with a mean absolute deviation of 52.93, mean absolute percentage error of 5,974, and the sum of the absolute errors of 2,805.Please note that although there have been many attempts to predict Pionero Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Pionero Fondo's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Pionero Fondo Stock Forecast Pattern
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Pionero Fondo stock data series using in forecasting. Note that when a statistical model is used to represent Pionero Fondo stock, 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.| AIC | Akaike Information Criteria | 112.1026 |
| Bias | Arithmetic mean of the errors | -17.9533 |
| MAD | Mean absolute deviation | 52.9292 |
| MAPE | Mean absolute percentage error | 0.0064 |
| SAE | Sum of the absolute errors | 2805.25 |
Predictive Modules for Pionero Fondo
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pionero Fondo De. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock 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.Pionero Fondo Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Pionero Fondo stock to make a market-neutral strategy. Peer analysis of Pionero Fondo could also be used in its relative valuation, which is a method of valuing Pionero Fondo by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Pionero Fondo Market Strength Events
Market strength indicators help investors to evaluate how Pionero Fondo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Pionero Fondo shares will generate the highest return on investment. By undertsting and applying Pionero Fondo stock market strength indicators, traders can identify Pionero Fondo De entry and exit signals to maximize returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 8285.93 | |||
| Day Typical Price | 8285.93 |
Pair Trading with Pionero Fondo
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pionero Fondo position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pionero Fondo will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Pionero Fondo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pionero Fondo when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pionero Fondo - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pionero Fondo De to buy it.
The correlation of Pionero Fondo is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pionero Fondo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pionero Fondo De moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pionero Fondo can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Pionero Stock
Pionero Fondo financial ratios help investors to determine whether Pionero Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Pionero with respect to the benefits of owning Pionero Fondo security.