Nationwide Global Mutual Fund Forecast - Naive Prediction

Nationwide Global Additional Predictive Modules

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

Nationwide Global Naive Prediction Price Forecast For the 28th of January

Given 90 days horizon, the Naive Prediction forecasted value of Nationwide Global Equity on the next trading day is expected to be 23.84 with a mean absolute deviation of 0.35, mean absolute percentage error of 0.27, and the sum of the absolute errors of 21.27.

Nationwide Global Mutual Fund Forecast Pattern

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Nationwide Global Price Prediction

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Nationwide Global 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 Nationwide Global mutual fund data series using in forecasting. Note that when a statistical model is used to represent Nationwide Global 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 Nationwide Global Equity. 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 Nationwide Global. 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 Nationwide Global

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nationwide Global Equity. 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 21.72 23.86 26.00 Details

Intrinsic Valuation Low Real High 23.24 25.38 27.52 Details

Bollinger Band Projection (param) Low Middle High 23.23 23.62 24.01 Details

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

Nationwide Global After-Hype Price Density Analysis

Nationwide Global Estimiated After-Hype Price Volatility

Nationwide Global Mutual Fund Price Outlook Analysis

Notes

Nationwide Global Hype Timeline

Nationwide Global Equity is currently traded for 24.13. The entity has historical hype elasticity of -0.05, and average elasticity to hype of competition of 0.0. Nationwide is forecasted to decline in value after the next headline, with the price expected to drop to 23.86. The average volatility of media hype impact on the company price is over 100%. The price reduction on the next news is expected to be -0.21%, whereas the daily expected return is currently at 0.32%. The volatility of related hype on Nationwide Global is about 0.0%, with the expected price after the next announcement by competition of 24.13. The company last dividend was issued on the 18th of December 2019. Assuming the 90 days horizon the next forecasted press release will be very soon. Check out Historical Fundamental Analysis of Nationwide Global to cross-verify your projections.

Nationwide Global Related Hype Analysis

Other Forecasting Options for Nationwide Global

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

Nationwide Global Related Equities

Risk & Return

Correlation

Nationwide Global Market Strength Events

Nationwide Global Risk Indicators

Story Coverage note for Nationwide Global

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Other Information on Investing in Nationwide Mutual Fund