Dunham International Mutual Fund Forecast - Naive Prediction

DNIOX Fund  USD 7.99  0.02  0.25%   
The Naive Prediction forecasted value of Dunham International Opportunity on the next trading day is expected to be 7.99 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.58. Dunham Mutual Fund Forecast is based on your current time horizon.
The relative strength index (RSI) of Dunham International's mutual fund price is slightly above 60 suggesting that the mutual fund is rather overbought by investors at this time. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Dunham, making its price go up or down.

Momentum 60

 Buy Extended

 
Oversold
 
Overbought
The successful prediction of Dunham International's future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with Dunham International Opportunity, which may create opportunities for some arbitrage if properly timed.
Using Dunham International hype-based prediction, you can estimate the value of Dunham International Opportunity from the perspective of Dunham International response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Dunham International Opportunity on the next trading day is expected to be 7.99 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.58.

Dunham International after-hype prediction price

    
  USD 0.0  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as fund price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
  
Check out Historical Fundamental Analysis of Dunham International to cross-verify your projections.

Dunham International Additional Predictive Modules

Most predictive techniques to examine Dunham price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Dunham using various technical indicators. When you analyze Dunham 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 Dunham International is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Dunham International Opportunity 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.

Dunham International Naive Prediction Price Forecast For the 24th of January

Given 90 days horizon, the Naive Prediction forecasted value of Dunham International Opportunity on the next trading day is expected to be 7.99 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0001, and the sum of the absolute errors of 0.58.
Please note that although there have been many attempts to predict Dunham 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 Dunham International's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Dunham International Mutual Fund Forecast Pattern

Backtest Dunham InternationalDunham International Price PredictionBuy or Sell Advice 

Dunham International Forecasted Value

In the context of forecasting Dunham International'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. Dunham International's downside and upside margins for the forecasting period are 7.85 and 8.12, respectively. We have considered Dunham International'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
7.99
7.99
Expected Value
8.12
Upside

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 Dunham International mutual fund data series using in forecasting. Note that when a statistical model is used to represent Dunham International 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 Criteria110.9444
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0093
MAPEMean absolute percentage error0.0012
SAESum of the absolute errors0.5766
This model is not at all useful as a medium-long range forecasting tool of Dunham International Opportunity. 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 Dunham International. 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 Dunham International

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dunham International. 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
0.000.000.15
Details
Intrinsic
Valuation
LowRealHigh
0.000.000.15
Details

Dunham International After-Hype Price Prediction Density Analysis

As far as predicting the price of Dunham International at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Dunham International or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Mutual Fund prices, such as prices of Dunham International, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Dunham International Estimiated After-Hype Price Volatility

In the context of predicting Dunham International's mutual fund value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Dunham International's historical news coverage. Dunham International's after-hype downside and upside margins for the prediction period are 0.00 and 0.15, respectively. We have considered Dunham International's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
7.99
0.00
After-hype Price
0.15
Upside
Dunham International is out of control at this time. Analysis and calculation of next after-hype price of Dunham International is based on 3 months time horizon.

Dunham International Mutual Fund Price Prediction Analysis

Have you ever been surprised when a price of a Mutual Fund such as Dunham International is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Dunham International backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Fund price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Dunham International, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.01 
0.13
 0.00  
  0.03 
0 Events / Month
0 Events / Month
In a few days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
7.99
0.00
0.00 
0.00  
Notes

Dunham International Hype Timeline

Dunham International is currently traded for 7.99. The entity stock is not elastic to its hype. The average elasticity to hype of competition is -0.03. Dunham is estimated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is estimated to be very small, whereas the daily expected return is currently at 0.01%. %. The volatility of related hype on Dunham International is about 4.46%, with the expected price after the next announcement by competition of 7.96. Assuming the 90 days horizon the next estimated press release will be in a few days.
Check out Historical Fundamental Analysis of Dunham International to cross-verify your projections.

Dunham International Related Hype Analysis

Having access to credible news sources related to Dunham International's direct competition is more important than ever and may enhance your ability to predict Dunham International's future price movements. Getting to know how Dunham International's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Dunham International may potentially react to the hype associated with one of its peers.

Other Forecasting Options for Dunham International

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

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

Dunham International Market Strength Events

Market strength indicators help investors to evaluate how Dunham International 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 Dunham International shares will generate the highest return on investment. By undertsting and applying Dunham International mutual fund market strength indicators, traders can identify Dunham International Opportunity entry and exit signals to maximize returns.

Dunham International Risk Indicators

The analysis of Dunham International'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 Dunham International's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dunham 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.

Story Coverage note for Dunham International

The number of cover stories for Dunham International depends on current market conditions and Dunham International's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Dunham International is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Dunham International's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

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Other Information on Investing in Dunham Mutual Fund

Dunham International financial ratios help investors to determine whether Dunham 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 Dunham with respect to the benefits of owning Dunham International security.
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