JFT Strategies Fund Forecast - Simple Regression
JFS-UN Fund | CAD 24.51 0.09 0.37% |
The Simple Regression forecasted value of JFT Strategies on the next trading day is expected to be 24.77 with a mean absolute deviation of 0.15 and the sum of the absolute errors of 9.41. JFT Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast JFT Strategies stock prices and determine the direction of JFT Strategies's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of JFT Strategies' historical fundamentals, such as revenue growth or operating cash flow patterns.
JFT |
JFT Strategies Simple Regression Price Forecast For the 23rd of November
Given 90 days horizon, the Simple Regression forecasted value of JFT Strategies on the next trading day is expected to be 24.77 with a mean absolute deviation of 0.15, mean absolute percentage error of 0.03, and the sum of the absolute errors of 9.41.Please note that although there have been many attempts to predict JFT 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 JFT Strategies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
JFT Strategies Fund Forecast Pattern
JFT Strategies Forecasted Value
In the context of forecasting JFT Strategies' 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. JFT Strategies' downside and upside margins for the forecasting period are 24.02 and 25.52, respectively. We have considered JFT Strategies' 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 Regression forecasting method's relative quality and the estimations of the prediction error of JFT Strategies fund data series using in forecasting. Note that when a statistical model is used to represent JFT Strategies 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 | 114.7122 |
Bias | Arithmetic mean of the errors | None |
MAD | Mean absolute deviation | 0.1543 |
MAPE | Mean absolute percentage error | 0.0062 |
SAE | Sum of the absolute errors | 9.4135 |
Predictive Modules for JFT Strategies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as JFT Strategies. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of JFT Strategies' 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.
Other Forecasting Options for JFT Strategies
For every potential investor in JFT, whether a beginner or expert, JFT Strategies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. JFT Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in JFT. Basic forecasting techniques help filter out the noise by identifying JFT Strategies' price trends.JFT Strategies 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 JFT Strategies fund to make a market-neutral strategy. Peer analysis of JFT Strategies could also be used in its relative valuation, which is a method of valuing JFT Strategies by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
JFT Strategies 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 JFT Strategies' 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 JFT Strategies' current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
JFT Strategies Market Strength Events
Market strength indicators help investors to evaluate how JFT Strategies fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading JFT Strategies shares will generate the highest return on investment. By undertsting and applying JFT Strategies fund market strength indicators, traders can identify JFT Strategies entry and exit signals to maximize returns.
Accumulation Distribution | 64.36 | |||
Daily Balance Of Power | 0.45 | |||
Rate Of Daily Change | 1.0 | |||
Day Median Price | 24.5 | |||
Day Typical Price | 24.5 | |||
Price Action Indicator | 0.055 | |||
Period Momentum Indicator | 0.09 |
JFT Strategies Risk Indicators
The analysis of JFT Strategies' 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 JFT Strategies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting jft 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 | 0.4993 | |||
Standard Deviation | 0.7345 | |||
Variance | 0.5395 |
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 JFT Strategies
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 JFT Strategies 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 JFT Strategies will appreciate offsetting losses from the drop in the long position's value.Moving against JFT Fund
0.49 | 0P00012UCU | RBC Global Equity | PairCorr |
0.47 | 0P0000OXA6 | PHN Multi Style | PairCorr |
0.39 | 0P0000706A | RBC Select Balanced | PairCorr |
0.39 | 0P00007069 | RBC Portefeuille | PairCorr |
0.36 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
The ability to find closely correlated positions to JFT Strategies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JFT Strategies 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 JFT Strategies - 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 JFT Strategies to buy it.
The correlation of JFT Strategies 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 JFT Strategies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JFT Strategies 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 JFT Strategies 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.Other Information on Investing in JFT Fund
JFT Strategies financial ratios help investors to determine whether JFT 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 JFT with respect to the benefits of owning JFT Strategies security.
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Economic Indicators Top statistical indicators that provide insights into how an economy is performing |