Leggmason Partners Money Market Fund Forecast - Naive Prediction
| LTFXX Fund | USD 1.00 0.00 0.00% |
The Naive Prediction forecasted value of Leggmason Partners Institutional on the next trading day is expected to be 1.00 with a mean absolute deviation of 0.0006 and the sum of the absolute errors of 0.04. Leggmason Money Market Fund Forecast is based on your current time horizon.
Leggmason |
Leggmason Partners Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of Leggmason Partners Institutional on the next trading day is expected to be 1.00 with a mean absolute deviation of 0.0006, mean absolute percentage error of 0.00000104, and the sum of the absolute errors of 0.04.Please note that although there have been many attempts to predict Leggmason Money Market 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 Leggmason Partners' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Leggmason Partners Money Market Fund Forecast Pattern
Leggmason Partners Forecasted Value
In the context of forecasting Leggmason Partners' Money Market 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. Leggmason Partners' downside and upside margins for the forecasting period are 0.87 and 1.13, respectively. We have considered Leggmason Partners' 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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Leggmason Partners money market fund data series using in forecasting. Note that when a statistical model is used to represent Leggmason Partners money market 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 | 104.333 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 6.0E-4 |
| MAPE | Mean absolute percentage error | 6.0E-4 |
| SAE | Sum of the absolute errors | 0.0367 |
Predictive Modules for Leggmason Partners
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Leggmason Partners. Regardless of method or technology, however, to accurately forecast the money market fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the money market 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 Leggmason Partners' 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 Leggmason Partners
For every potential investor in Leggmason, whether a beginner or expert, Leggmason Partners' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Leggmason Money Market Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Leggmason. Basic forecasting techniques help filter out the noise by identifying Leggmason Partners' price trends.Leggmason Partners 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 Leggmason Partners money market fund to make a market-neutral strategy. Peer analysis of Leggmason Partners could also be used in its relative valuation, which is a method of valuing Leggmason Partners by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Leggmason Partners Technical and Predictive Analytics
The money market fund market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Leggmason Partners' 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 Leggmason Partners' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Leggmason Partners Market Strength Events
Market strength indicators help investors to evaluate how Leggmason Partners money market fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Leggmason Partners shares will generate the highest return on investment. By undertsting and applying Leggmason Partners money market fund market strength indicators, traders can identify Leggmason Partners Institutional entry and exit signals to maximize returns.
Leggmason Partners Risk Indicators
The analysis of Leggmason Partners' 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 Leggmason Partners' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting leggmason money market 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 | 0.0301 | |||
| Standard Deviation | 0.1243 | |||
| Variance | 0.0155 |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Leggmason Money Market Fund
Leggmason Partners financial ratios help investors to determine whether Leggmason Money Market 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 Leggmason with respect to the benefits of owning Leggmason Partners security.
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