Franklin Small-mid Mutual Fund Forecast - Polynomial Regression

FMGGX Fund  USD 51.23  0.16  0.31%   
The Polynomial Regression forecasted value of Franklin Small Mid Cap on the next trading day is expected to be 52.30 with a mean absolute deviation of 0.47 and the sum of the absolute errors of 28.75. Franklin Mutual Fund Forecast is based on your current time horizon.
  
Franklin Small-mid polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Franklin Small Mid Cap as well as the accuracy indicators are determined from the period prices.

Franklin Small-mid Polynomial Regression Price Forecast For the 1st of December

Given 90 days horizon, the Polynomial Regression forecasted value of Franklin Small Mid Cap on the next trading day is expected to be 52.30 with a mean absolute deviation of 0.47, mean absolute percentage error of 0.36, and the sum of the absolute errors of 28.75.
Please note that although there have been many attempts to predict Franklin 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 Franklin Small-mid's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Franklin Small-mid Mutual Fund Forecast Pattern

Backtest Franklin Small-midFranklin Small-mid Price PredictionBuy or Sell Advice 

Franklin Small-mid Forecasted Value

In the context of forecasting Franklin Small-mid'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. Franklin Small-mid's downside and upside margins for the forecasting period are 51.47 and 53.14, respectively. We have considered Franklin Small-mid'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
51.23
52.30
Expected Value
53.14
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Franklin Small-mid mutual fund data series using in forecasting. Note that when a statistical model is used to represent Franklin Small-mid 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 Criteria117.0783
BiasArithmetic mean of the errors None
MADMean absolute deviation0.4713
MAPEMean absolute percentage error0.0098
SAESum of the absolute errors28.7468
A single variable polynomial regression model attempts to put a curve through the Franklin Small-mid historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Franklin Small-mid

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Franklin Small Mid. 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
50.3951.2352.07
Details
Intrinsic
Valuation
LowRealHigh
46.1154.4955.33
Details
Bollinger
Band Projection (param)
LowMiddleHigh
48.7850.5852.37
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Franklin Small-mid. Your research has to be compared to or analyzed against Franklin Small-mid's peers to derive any actionable benefits. When done correctly, Franklin Small-mid'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 Franklin Small Mid.

Other Forecasting Options for Franklin Small-mid

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

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

Franklin Small Mid 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 Franklin Small-mid'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 Franklin Small-mid's current price.

Franklin Small-mid Market Strength Events

Market strength indicators help investors to evaluate how Franklin Small-mid 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 Franklin Small-mid shares will generate the highest return on investment. By undertsting and applying Franklin Small-mid mutual fund market strength indicators, traders can identify Franklin Small Mid Cap entry and exit signals to maximize returns.

Franklin Small-mid Risk Indicators

The analysis of Franklin Small-mid'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 Franklin Small-mid's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting franklin 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 Franklin Mutual Fund

Franklin Small-mid financial ratios help investors to determine whether Franklin 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 Franklin with respect to the benefits of owning Franklin Small-mid security.
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities