Diamond Hill Mutual Fund Forecast - 20 Period Moving Average

A commonly used 20-period moving average forecast model for Diamond Hill Select is based on a synthetically constructed Diamond Hilldaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Diamond Hill 20 Period Moving Average Price Forecast For the 25th of November

Given 90 days horizon, the 20 Period Moving Average forecasted value of Diamond Hill Select on the next trading day is expected to be 25.97 with a mean absolute deviation of 0.32, mean absolute percentage error of 0.18, and the sum of the absolute errors of 13.11.

Diamond Hill Mutual Fund Forecast Pattern

Backtest Diamond Hill

Diamond Hill Price Prediction

Buy or Sell Advice

Diamond Hill Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Diamond Hill mutual fund data series using in forecasting. Note that when a statistical model is used to represent Diamond Hill 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. The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Diamond Hill Select 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Diamond Hill

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Diamond Hill Select. 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 25.41 26.41 27.41 Details

Intrinsic Valuation Low Real High 25.20 26.20 27.20 Details

Bollinger Band Projection (param) Low Middle High 26.04 26.31 26.59 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Diamond Hill. Your research has to be compared to or analyzed against Diamond Hill's peers to derive any actionable benefits. When done correctly, Diamond Hill'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 Diamond Hill Select.

Other Forecasting Options for Diamond Hill

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

Diamond Hill Related Equities

Risk & Return

Correlation

Diamond Hill Select 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 Diamond Hill'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 Diamond Hill's current price.

Diamond Hill Market Strength Events

Diamond Hill Risk Indicators

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 Diamond Mutual Fund