Oil Gas Mutual Fund Forecast - Simple Moving Average
| ENPSX Fund | USD 39.11 0.32 0.82% |
Oil Mutual Fund outlook is based on your current time horizon.
The relative strength index (RSI) of Oil Gas' mutual fund price is slightly above 64 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 Oil, making its price go up or down. Momentum 64
Buy Extended
Oversold | Overbought |
Using Oil Gas hype-based prediction, you can estimate the value of Oil Gas Ultrasector from the perspective of Oil Gas response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Moving Average forecasted value of Oil Gas Ultrasector on the next trading day is expected to be 39.11 with a mean absolute deviation of 0.54 and the sum of the absolute errors of 32.08. Oil Gas after-hype prediction price | USD 34.38 |
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.
Oil |
Oil Gas Additional Predictive Modules
Most predictive techniques to examine Oil price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Oil using various technical indicators. When you analyze Oil 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.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Oil Gas Simple Moving Average Price Forecast For the 27th of January
Given 90 days horizon, the Simple Moving Average forecasted value of Oil Gas Ultrasector on the next trading day is expected to be 39.11 with a mean absolute deviation of 0.54, mean absolute percentage error of 0.50, and the sum of the absolute errors of 32.08.Please note that although there have been many attempts to predict Oil 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 Oil Gas' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Oil Gas Mutual Fund Forecast Pattern
| Backtest Oil Gas | Oil Gas Price Prediction | Buy or Sell Advice |
Oil Gas Forecasted Value
In the context of forecasting Oil Gas' 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. Oil Gas' downside and upside margins for the forecasting period are 37.24 and 40.98, respectively. We have considered Oil Gas' 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 Oil Gas mutual fund data series using in forecasting. Note that when a statistical model is used to represent Oil Gas 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 | 113.733 |
| Bias | Arithmetic mean of the errors | -0.1531 |
| MAD | Mean absolute deviation | 0.5436 |
| MAPE | Mean absolute percentage error | 0.0155 |
| SAE | Sum of the absolute errors | 32.075 |
Predictive Modules for Oil Gas
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Oil Gas Ultrasector. 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 Oil Gas' 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.
Oil Gas After-Hype Price Density Analysis
As far as predicting the price of Oil Gas 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 Oil Gas 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 Oil Gas, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Oil Gas Estimiated After-Hype Price Volatility
In the context of predicting Oil Gas' mutual fund value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Oil Gas' historical news coverage. Oil Gas' after-hype downside and upside margins for the prediction period are 32.51 and 43.02, respectively. We have considered Oil Gas' 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
Oil Gas is very steady at this time. Analysis and calculation of next after-hype price of Oil Gas Ultrasector is based on 3 months time horizon.
Oil Gas Mutual Fund Price Outlook Analysis
Have you ever been surprised when a price of a Mutual Fund such as Oil Gas is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Oil Gas 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 Oil Gas, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.30 | 1.87 | 4.73 | 6.29 | 4 Events / Month | 1 Events / Month | In about 4 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
39.11 | 34.38 | 12.09 |
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Oil Gas Hype Timeline
Oil Gas Ultrasector is currently traded for 39.11. The entity has historical hype elasticity of -4.73, and average elasticity to hype of competition of -6.29. Oil is projected to decline in value after the next headline, with the price expected to drop to 34.38. The average volatility of media hype impact on the company price is about 11.85%. The price reduction on the next news is expected to be -12.09%, whereas the daily expected return is currently at 0.3%. The volatility of related hype on Oil Gas is about 8.92%, with the expected price after the next announcement by competition of 32.82. The company has price-to-book (P/B) ratio of 1.55. Some equities with similar Price to Book (P/B) outperform the market in the long run. Oil Gas Ultrasector last dividend was issued on the 30th of December 1970. Assuming the 90 days horizon the next projected press release will be in about 4 days. Check out Historical Fundamental Analysis of Oil Gas to cross-verify your projections.Oil Gas Related Hype Analysis
Having access to credible news sources related to Oil Gas' direct competition is more important than ever and may enhance your ability to predict Oil Gas' future price movements. Getting to know how Oil Gas' 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 Oil Gas may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| MCMVX | Monongahela All Cap | 0.00 | 1 per month | 0.53 | 0.10 | 1.68 | (1.19) | 8.73 | |
| SAOAX | Guggenheim Alpha Opportunity | (10.83) | 8 per month | 0.46 | (0.07) | 0.88 | (0.82) | 2.77 | |
| VLEQX | Villere Equity Fund | 0.00 | 0 per month | 0.53 | (0.02) | 1.26 | (0.93) | 2.65 | |
| WAFMX | Wasatch Frontier Emerging | 15.94 | 5 per month | 0.80 | (0.09) | 1.14 | (1.36) | 3.17 | |
| RYCPX | Consumer Products Fund | (40.54) | 1 per month | 0.67 | (0.09) | 1.37 | (0.97) | 2.92 | |
| TEEAX | Rbc Small Cap | 0.02 | 3 per month | 0.38 | 0.05 | 2.37 | (1.42) | 5.06 | |
| FULVX | Fidelity Low Volatility | 7.86 | 5 per month | 0.00 | (0.19) | 0.86 | (0.76) | 2.13 | |
| RYCYX | Dow 2x Strategy | (140.22) | 2 per month | 1.34 | 0.05 | 2.41 | (2.12) | 6.37 |
Other Forecasting Options for Oil Gas
For every potential investor in Oil, whether a beginner or expert, Oil Gas' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Oil Mutual Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Oil. Basic forecasting techniques help filter out the noise by identifying Oil Gas' price trends.Oil Gas 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 Oil Gas mutual fund to make a market-neutral strategy. Peer analysis of Oil Gas could also be used in its relative valuation, which is a method of valuing Oil Gas by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Oil Gas Market Strength Events
Market strength indicators help investors to evaluate how Oil Gas 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 Oil Gas shares will generate the highest return on investment. By undertsting and applying Oil Gas mutual fund market strength indicators, traders can identify Oil Gas Ultrasector entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 39.11 | |||
| Day Typical Price | 39.11 | |||
| Price Action Indicator | 0.16 | |||
| Period Momentum Indicator | 0.32 | |||
| Relative Strength Index | 64.87 |
Oil Gas Risk Indicators
The analysis of Oil Gas' 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 Oil Gas' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting oil 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 | 1.47 | |||
| Semi Deviation | 1.6 | |||
| Standard Deviation | 1.85 | |||
| Variance | 3.42 | |||
| Downside Variance | 3.17 | |||
| Semi Variance | 2.55 | |||
| Expected Short fall | (1.63) |
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 Oil Gas
The number of cover stories for Oil Gas depends on current market conditions and Oil Gas' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Oil Gas 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 Oil Gas' 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 Oil Mutual Fund
Oil Gas financial ratios help investors to determine whether Oil 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 Oil with respect to the benefits of owning Oil Gas security.
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