Gamco Global Fund Forecast - Simple Regression

GGN Fund  USD 5.16  0.08  1.53%   
The Simple Regression forecasted value of Gamco Global on the next trading day is expected to be 5.17 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 8.01. Gamco Fund Forecast is based on your current time horizon.
The relative strength index (RSI) of Gamco Global's fund price is about 68. This usually indicates that the fund is rather overbought by investors as of today. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Gamco, making its price go up or down.

Momentum 68

 Buy Stretched

 
Oversold
 
Overbought
The successful prediction of Gamco Global's future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with Gamco Global, which may create opportunities for some arbitrage if properly timed.
Using Gamco Global hype-based prediction, you can estimate the value of Gamco Global from the perspective of Gamco Global response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of Gamco Global on the next trading day is expected to be 5.17 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 8.01.

Gamco Global after-hype prediction price

    
  USD 5.16  
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 Gamco Global to cross-verify your projections.

Gamco Global Additional Predictive Modules

Most predictive techniques to examine Gamco price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Gamco using various technical indicators. When you analyze Gamco 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.
Simple Regression model is a single variable regression model that attempts to put a straight line through Gamco Global price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Gamco Global Simple Regression Price Forecast For the 6th of January

Given 90 days horizon, the Simple Regression forecasted value of Gamco Global on the next trading day is expected to be 5.17 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.03, and the sum of the absolute errors of 8.01.
Please note that although there have been many attempts to predict Gamco 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 Gamco Global's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Gamco Global Fund Forecast Pattern

Backtest Gamco GlobalGamco Global Price PredictionBuy or Sell Advice 

Gamco Global Forecasted Value

In the context of forecasting Gamco Global's 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. Gamco Global's downside and upside margins for the forecasting period are 3.61 and 6.74, respectively. We have considered Gamco Global'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
5.16
5.17
Expected Value
6.74
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Gamco Global fund data series using in forecasting. Note that when a statistical model is used to represent Gamco Global 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 Criteria114.4914
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1313
MAPEMean absolute percentage error0.0267
SAESum of the absolute errors8.0103
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Gamco Global historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Gamco 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 Gamco Global. Regardless of method or technology, however, to accurately forecast the fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the 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
3.605.166.72
Details
Intrinsic
Valuation
LowRealHigh
3.555.116.67
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Gamco Global. Your research has to be compared to or analyzed against Gamco Global's peers to derive any actionable benefits. When done correctly, Gamco 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 Gamco Global.

Other Forecasting Options for Gamco Global

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

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

Gamco Global Technical and Predictive Analytics

The fund market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Gamco Global'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 Gamco Global's current price.

Gamco Global Market Strength Events

Market strength indicators help investors to evaluate how Gamco Global fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gamco Global shares will generate the highest return on investment. By undertsting and applying Gamco Global fund market strength indicators, traders can identify Gamco Global entry and exit signals to maximize returns.

Gamco Global Risk Indicators

The analysis of Gamco Global'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 Gamco Global's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting gamco 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.

Pair Trading with Gamco Global

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Gamco Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Gamco Global will appreciate offsetting losses from the drop in the long position's value.

Moving together with Gamco Fund

  0.75PHK Pimco High IncomePairCorr
The ability to find closely correlated positions to Gamco Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gamco Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gamco Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gamco Global to buy it.
The correlation of Gamco Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gamco Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gamco Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Gamco Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Gamco Fund

Gamco Global financial ratios help investors to determine whether Gamco 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 Gamco with respect to the benefits of owning Gamco Global security.
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