Hennessy Gas Mutual Fund Forecast - Simple Exponential Smoothing
| HGASX Fund | USD 26.95 0.03 0.11% |
Hennessy Mutual Fund outlook is based on your current time horizon.
The relative strength index (RSI) of Hennessy Gas' mutual fund price is slightly above 65. This usually indicates 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 Hennessy, making its price go up or down. Momentum 65
Buy Extended
Oversold | Overbought |
Using Hennessy Gas hype-based prediction, you can estimate the value of Hennessy Gas Utility from the perspective of Hennessy Gas response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Hennessy Gas Utility on the next trading day is expected to be 26.95 with a mean absolute deviation of 0.18 and the sum of the absolute errors of 10.53. Hennessy Gas after-hype prediction price | USD 26.95 |
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.
Hennessy |
Hennessy Gas Additional Predictive Modules
Most predictive techniques to examine Hennessy price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Hennessy using various technical indicators. When you analyze Hennessy 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 |
Hennessy Gas Simple Exponential Smoothing Price Forecast For the 27th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Hennessy Gas Utility on the next trading day is expected to be 26.95 with a mean absolute deviation of 0.18, mean absolute percentage error of 0.14, and the sum of the absolute errors of 10.53.Please note that although there have been many attempts to predict Hennessy 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 Hennessy Gas' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Hennessy Gas Mutual Fund Forecast Pattern
| Backtest Hennessy Gas | Hennessy Gas Price Prediction | Buy or Sell Advice |
Hennessy Gas Forecasted Value
In the context of forecasting Hennessy 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. Hennessy Gas' downside and upside margins for the forecasting period are 25.42 and 28.48, respectively. We have considered Hennessy 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 Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Hennessy Gas mutual fund data series using in forecasting. Note that when a statistical model is used to represent Hennessy 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 | 114.3255 |
| Bias | Arithmetic mean of the errors | -0.0518 |
| MAD | Mean absolute deviation | 0.1755 |
| MAPE | Mean absolute percentage error | 0.0068 |
| SAE | Sum of the absolute errors | 10.53 |
Predictive Modules for Hennessy 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 Hennessy Gas Utility. 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 Hennessy 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.
Hennessy Gas After-Hype Price Density Analysis
As far as predicting the price of Hennessy 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 Hennessy 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 Hennessy Gas, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Hennessy Gas Estimiated After-Hype Price Volatility
In the context of predicting Hennessy Gas' mutual fund value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Hennessy Gas' historical news coverage. Hennessy Gas' after-hype downside and upside margins for the prediction period are 25.42 and 28.48, respectively. We have considered Hennessy 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
Hennessy Gas is very steady at this time. Analysis and calculation of next after-hype price of Hennessy Gas Utility is based on 3 months time horizon.
Hennessy Gas Mutual Fund Price Outlook Analysis
Have you ever been surprised when a price of a Mutual Fund such as Hennessy Gas is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Hennessy 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 Hennessy 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 |
0.21 | 1.53 | 1.39 | 1.30 | 2 Events / Month | 0 Events / Month | In a few days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
26.95 | 26.95 | 0.00 |
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Hennessy Gas Hype Timeline
Hennessy Gas Utility is currently traded for 26.95. The entity has historical hype elasticity of -1.39, and average elasticity to hype of competition of -1.3. Hennessy is projected not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is about 23.18%. The immediate return on the next news is projected to be very small, whereas the daily expected return is currently at 0.21%. %. The volatility of related hype on Hennessy Gas is about 24.72%, with the expected price after the next announcement by competition of 25.65. Assuming the 90 days horizon the next projected press release will be in a few days. Check out Historical Fundamental Analysis of Hennessy Gas to cross-verify your projections.Hennessy Gas Related Hype Analysis
Having access to credible news sources related to Hennessy Gas' direct competition is more important than ever and may enhance your ability to predict Hennessy Gas' future price movements. Getting to know how Hennessy 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 Hennessy Gas may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| IIGCX | International Investors Gold | 0.00 | 0 per month | 2.13 | 0.17 | 4.45 | (4.11) | 10.42 | |
| GLDAX | Gabelli Gold Fund | 0.00 | 1 per month | 1.75 | 0.24 | 4.63 | (3.42) | 9.11 | |
| OGMCX | Oppenheimer Gold Special | (37.11) | 5 per month | 1.98 | 0.16 | 4.29 | (3.95) | 9.60 | |
| SGDLX | Sprott Gold Equity | 0.00 | 0 per month | 1.89 | 0.17 | 3.79 | (3.75) | 8.64 | |
| EPGFX | Europac Gold Fund | (0.02) | 1 per month | 1.74 | 0.17 | 4.31 | (3.75) | 9.08 | |
| FGDIX | Fidelity Advisor Gold | 0.00 | 0 per month | 2.25 | 0.15 | 4.53 | (4.20) | 9.73 |
Other Forecasting Options for Hennessy Gas
For every potential investor in Hennessy, whether a beginner or expert, Hennessy Gas' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hennessy Mutual Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hennessy. Basic forecasting techniques help filter out the noise by identifying Hennessy Gas' price trends.Hennessy 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 Hennessy Gas mutual fund to make a market-neutral strategy. Peer analysis of Hennessy Gas could also be used in its relative valuation, which is a method of valuing Hennessy Gas by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hennessy Gas Market Strength Events
Market strength indicators help investors to evaluate how Hennessy 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 Hennessy Gas shares will generate the highest return on investment. By undertsting and applying Hennessy Gas mutual fund market strength indicators, traders can identify Hennessy Gas Utility entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 26.95 | |||
| Day Typical Price | 26.95 | |||
| Price Action Indicator | 0.015 | |||
| Period Momentum Indicator | 0.03 | |||
| Relative Strength Index | 65.05 |
Hennessy Gas Risk Indicators
The analysis of Hennessy 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 Hennessy Gas' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hennessy 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 | 0.6869 | |||
| Semi Deviation | 0.587 | |||
| Standard Deviation | 1.49 | |||
| Variance | 2.23 | |||
| Downside Variance | 0.6729 | |||
| Semi Variance | 0.3446 | |||
| Expected Short fall | (0.79) |
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 Hennessy Gas
The number of cover stories for Hennessy Gas depends on current market conditions and Hennessy Gas' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Hennessy 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 Hennessy 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 Hennessy Mutual Fund
Hennessy Gas financial ratios help investors to determine whether Hennessy 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 Hennessy with respect to the benefits of owning Hennessy Gas security.
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