Chemicals Portfolio Mutual Fund Forecast - Naive Prediction

Chemicals Portfolio Additional Predictive Modules

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

Chemicals Portfolio Naive Prediction Price Forecast For the 28th of January

Given 90 days horizon, the Naive Prediction forecasted value of Chemicals Portfolio Chemicals on the next trading day is expected to be 13.11 with a mean absolute deviation of 0.11, mean absolute percentage error of 0.02, and the sum of the absolute errors of 6.76.

Chemicals Portfolio Mutual Fund Forecast Pattern

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Chemicals Portfolio Price Prediction

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Chemicals Portfolio Forecasted Value

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 Chemicals Portfolio mutual fund data series using in forecasting. Note that when a statistical model is used to represent Chemicals Portfolio 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. This model is not at all useful as a medium-long range forecasting tool of Chemicals Portfolio Chemicals. 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 Chemicals Portfolio. 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 Chemicals Portfolio

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Chemicals Portfolio. 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 12.13 13.15 14.17 Details

Intrinsic Valuation Low Real High 11.92 12.94 13.96 Details

Bollinger Band Projection (param) Low Middle High 11.64 12.51 13.38 Details

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

Chemicals Portfolio After-Hype Price Density Analysis

Chemicals Portfolio Estimiated After-Hype Price Volatility

Chemicals Portfolio Mutual Fund Price Outlook Analysis

Notes

Chemicals Portfolio Hype Timeline

Chemicals Portfolio is currently traded for 13.15. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.53. Chemicals is forecasted 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 forecasted to be very small, whereas the daily expected return is currently at 0.16%. %. The volatility of related hype on Chemicals Portfolio is about 30.94%, with the expected price after the next announcement by competition of 13.68. The company last dividend was issued on the 20th of December 2019. Assuming the 90 days horizon the next forecasted press release will be in a few days. Check out Historical Fundamental Analysis of Chemicals Portfolio to cross-verify your projections.

Chemicals Portfolio Related Hype Analysis

Other Forecasting Options for Chemicals Portfolio

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

Chemicals Portfolio Related Equities

Risk & Return

Correlation

Chemicals Portfolio Market Strength Events

Chemicals Portfolio Risk Indicators

Story Coverage note for Chemicals Portfolio

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Other Information on Investing in Chemicals Mutual Fund