Perkins Mid Mutual Fund Forecast - Naive Prediction

JMVCX Fund  USD 15.48  0.11  0.71%   
Perkins Mutual Fund outlook is based on your current time horizon.
The relative strength index (RSI) of Perkins Mid's mutual fund price is slightly above 67. This 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 Perkins, making its price go up or down.

Momentum 67

 Buy Stretched

 
Oversold
 
Overbought
The successful prediction of Perkins Mid's future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with Perkins Mid Cap, which may create opportunities for some arbitrage if properly timed.
Using Perkins Mid hype-based prediction, you can estimate the value of Perkins Mid Cap from the perspective of Perkins Mid response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Perkins Mid Cap on the next trading day is expected to be 15.98 with a mean absolute deviation of 0.18 and the sum of the absolute errors of 11.06.

Perkins Mid after-hype prediction price

    
  USD 15.48  
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 Perkins Mid to cross-verify your projections.

Perkins Mid Additional Predictive Modules

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

Perkins Mid Naive Prediction Price Forecast For the 26th of January

Given 90 days horizon, the Naive Prediction forecasted value of Perkins Mid Cap on the next trading day is expected to be 15.98 with a mean absolute deviation of 0.18, mean absolute percentage error of 0.06, and the sum of the absolute errors of 11.06.
Please note that although there have been many attempts to predict Perkins 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 Perkins Mid's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Perkins Mid Mutual Fund Forecast Pattern

Backtest Perkins Mid  Perkins Mid Price Prediction  Buy or Sell Advice  

Perkins Mid Forecasted Value

In the context of forecasting Perkins Mid's 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. Perkins Mid's downside and upside margins for the forecasting period are 14.51 and 17.44, respectively. We have considered Perkins Mid'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
15.48
15.98
Expected Value
17.44
Upside

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 Perkins Mid mutual fund data series using in forecasting. Note that when a statistical model is used to represent Perkins Mid 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.
AICAkaike Information Criteria115.3156
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1813
MAPEMean absolute percentage error0.0128
SAESum of the absolute errors11.0614
This model is not at all useful as a medium-long range forecasting tool of Perkins Mid Cap. 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 Perkins Mid. 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 Perkins Mid

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Perkins Mid Cap. 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 Perkins Mid's 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.
Hype
Prediction
LowEstimatedHigh
14.0215.4816.94
Details
Intrinsic
Valuation
LowRealHigh
13.7015.1616.62
Details
Bollinger
Band Projection (param)
LowMiddleHigh
14.6615.1915.72
Details

Perkins Mid After-Hype Price Density Analysis

As far as predicting the price of Perkins Mid 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 Perkins Mid 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 Perkins Mid, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Perkins Mid Estimiated After-Hype Price Volatility

In the context of predicting Perkins Mid's mutual fund value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Perkins Mid's historical news coverage. Perkins Mid's after-hype downside and upside margins for the prediction period are 14.02 and 16.94, respectively. We have considered Perkins Mid's 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
15.48
15.48
After-hype Price
16.94
Upside
Perkins Mid is very steady at this time. Analysis and calculation of next after-hype price of Perkins Mid Cap is based on 3 months time horizon.

Perkins Mid Mutual Fund Price Outlook Analysis

Have you ever been surprised when a price of a Mutual Fund such as Perkins Mid is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Perkins Mid 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 Perkins Mid, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.26 
1.46
 0.00  
  0.02 
0 Events / Month
0 Events / Month
Uncertain
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
15.48
15.48
0.00 
0.00  
Notes

Perkins Mid Hype Timeline

Perkins Mid Cap is currently traded for 15.48. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.02. Perkins 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 0.26%. %. The volatility of related hype on Perkins Mid is about 2179.1%, with the expected price after the next announcement by competition of 15.50. The company last dividend was issued on the 19th of December 2019. Assuming the 90 days horizon the next forecasted press release will be uncertain.
Check out Historical Fundamental Analysis of Perkins Mid to cross-verify your projections.

Perkins Mid Related Hype Analysis

Having access to credible news sources related to Perkins Mid's direct competition is more important than ever and may enhance your ability to predict Perkins Mid's future price movements. Getting to know how Perkins Mid's 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 Perkins Mid may potentially react to the hype associated with one of its peers.
Hype
Elasticity
News
Density
Semi
Deviation
Information
Ratio
Potential
Upside
Value
At Risk
Maximum
Drawdown
JCNRXJanus Trarian Fund 0.00 0 per month 0.00 (0.13) 1.77 (2.06) 4.61 
JCNCXJanus Trarian Fund 0.00 0 per month 0.00 (0.13) 1.79 (2.08) 4.58 
JSCOXPerkins Small Cap 0.00 0 per month 0.53  0.10  2.11 (1.09) 5.61 
JCNIXJanus Trarian Fund 0.00 0 per month 1.10  0.03  1.80 (2.08) 14.44 
JSCVXPerkins Small Cap 0.00 0 per month 0.55  0.10  2.12 (1.14) 5.67 
JDSNXPerkins Small Cap 0.00 0 per month 0.53  0.10  2.08 (1.09) 5.64 
JCNAXJanus Trarian Fund 0.00 0 per month 1.10  0.03  1.81 (2.07) 14.45 
JCNNXJanus Investment 0.00 0 per month 0.00 (0.12) 1.82 (2.07) 4.61 
JISCXPerkins Small Cap 0.67 1 per month 0.54  0.11  2.15 (1.15) 4.95 
JCONXJanus Trarian Fund 0.00 0 per month 1.10  0.03  1.81 (2.09) 14.33 

Other Forecasting Options for Perkins Mid

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

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

Perkins Mid Market Strength Events

Market strength indicators help investors to evaluate how Perkins Mid 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 Perkins Mid shares will generate the highest return on investment. By undertsting and applying Perkins Mid mutual fund market strength indicators, traders can identify Perkins Mid Cap entry and exit signals to maximize returns.

Perkins Mid Risk Indicators

The analysis of Perkins Mid'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 Perkins Mid's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting perkins 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.
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 Perkins Mid

The number of cover stories for Perkins Mid depends on current market conditions and Perkins Mid's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Perkins Mid 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 Perkins Mid's 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 Perkins Mutual Fund

Perkins Mid financial ratios help investors to determine whether Perkins 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 Perkins with respect to the benefits of owning Perkins Mid security.
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