Capital Income Mutual Fund Forecast - Simple Regression

CIRAX Fund  USD 73.29  0.30  0.41%   
The Simple Regression forecasted value of Capital Income Builder on the next trading day is expected to be 72.88 with a mean absolute deviation of 0.48 and the sum of the absolute errors of 29.04. Capital Mutual Fund Forecast is based on your current time horizon.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through Capital Income price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Capital Income Simple Regression Price Forecast For the 1st of December

Given 90 days horizon, the Simple Regression forecasted value of Capital Income Builder on the next trading day is expected to be 72.88 with a mean absolute deviation of 0.48, mean absolute percentage error of 0.35, and the sum of the absolute errors of 29.04.
Please note that although there have been many attempts to predict Capital Mutual Fund 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 Capital Income's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Capital Income Mutual Fund Forecast Pattern

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Capital Income Forecasted Value

In the context of forecasting Capital Income's Mutual Fund value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Capital Income's downside and upside margins for the forecasting period are 72.47 and 73.29, respectively. We have considered Capital Income's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
73.29
72.88
Expected Value
73.29
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Capital Income mutual fund data series using in forecasting. Note that when a statistical model is used to represent Capital Income 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.
AICAkaike Information Criteria117.0626
BiasArithmetic mean of the errors None
MADMean absolute deviation0.476
MAPEMean absolute percentage error0.0065
SAESum of the absolute errors29.0355
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Capital Income Builder historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Capital Income

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Capital Income Builder. 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
LowEstimatedHigh
72.8873.2973.70
Details
Intrinsic
Valuation
LowRealHigh
72.7273.1373.54
Details
Bollinger
Band Projection (param)
LowMiddleHigh
71.7872.6973.59
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Capital Income. Your research has to be compared to or analyzed against Capital Income's peers to derive any actionable benefits. When done correctly, Capital Income's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Capital Income Builder.

Other Forecasting Options for Capital Income

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

Capital Income 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 Capital Income mutual fund to make a market-neutral strategy. Peer analysis of Capital Income could also be used in its relative valuation, which is a method of valuing Capital Income by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Capital Income Builder Technical and Predictive Analytics

The mutual fund market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Capital Income's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Capital Income's current price.

Capital Income Market Strength Events

Market strength indicators help investors to evaluate how Capital Income mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Capital Income shares will generate the highest return on investment. By undertsting and applying Capital Income mutual fund market strength indicators, traders can identify Capital Income Builder entry and exit signals to maximize returns.

Capital Income Risk Indicators

The analysis of Capital Income's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Capital Income's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting capital mutual fund prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Capital Mutual Fund

Capital Income financial ratios help investors to determine whether Capital Mutual Fund 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 Capital with respect to the benefits of owning Capital Income security.
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