Zacks All-cap Mutual Fund Forecast - Simple Moving Average
| CZOVX Fund | USD 30.63 0.08 0.26% |
The Simple Moving Average forecasted value of Zacks All Cap Core on the next trading day is expected to be 30.63 with a mean absolute deviation of 0.19 and the sum of the absolute errors of 11.33. Zacks Mutual Fund Forecast is based on your current time horizon.
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Zacks All-cap Simple Moving Average Price Forecast For the 25th of November
Given 90 days horizon, the Simple Moving Average forecasted value of Zacks All Cap Core on the next trading day is expected to be 30.63 with a mean absolute deviation of 0.19, mean absolute percentage error of 0.07, and the sum of the absolute errors of 11.33.Please note that although there have been many attempts to predict Zacks 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 Zacks All-cap's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Zacks All-cap Mutual Fund Forecast Pattern
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Zacks All-cap Forecasted Value
In the context of forecasting Zacks All-cap'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. Zacks All-cap's downside and upside margins for the forecasting period are 29.87 and 31.39, respectively. We have considered Zacks All-cap'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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Zacks All-cap mutual fund data series using in forecasting. Note that when a statistical model is used to represent Zacks All-cap 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.| AIC | Akaike Information Criteria | 111.7327 |
| Bias | Arithmetic mean of the errors | -0.0591 |
| MAD | Mean absolute deviation | 0.1919 |
| MAPE | Mean absolute percentage error | 0.0065 |
| SAE | Sum of the absolute errors | 11.325 |
Predictive Modules for Zacks All-cap
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Zacks All Cap. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zacks All-cap's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Zacks All-cap
For every potential investor in Zacks, whether a beginner or expert, Zacks All-cap's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Zacks Mutual Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Zacks. Basic forecasting techniques help filter out the noise by identifying Zacks All-cap's price trends.Zacks All-cap 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 Zacks All-cap mutual fund to make a market-neutral strategy. Peer analysis of Zacks All-cap could also be used in its relative valuation, which is a method of valuing Zacks All-cap by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Zacks All Cap 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 Zacks All-cap'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 Zacks All-cap's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Zacks All-cap Market Strength Events
Market strength indicators help investors to evaluate how Zacks All-cap 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 Zacks All-cap shares will generate the highest return on investment. By undertsting and applying Zacks All-cap mutual fund market strength indicators, traders can identify Zacks All Cap Core entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 30.63 | |||
| Day Typical Price | 30.63 | |||
| Price Action Indicator | 0.04 | |||
| Period Momentum Indicator | 0.08 | |||
| Relative Strength Index | 23.05 |
Zacks All-cap Risk Indicators
The analysis of Zacks All-cap'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 Zacks All-cap's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting zacks 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.
| Mean Deviation | 0.5651 | |||
| Semi Deviation | 0.6297 | |||
| Standard Deviation | 0.7624 | |||
| Variance | 0.5812 | |||
| Downside Variance | 0.6143 | |||
| Semi Variance | 0.3965 | |||
| Expected Short fall | (0.61) |
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 Zacks Mutual Fund
Zacks All-cap financial ratios help investors to determine whether Zacks 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 Zacks with respect to the benefits of owning Zacks All-cap security.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios |