Mid-cap Profund Mutual Fund Forecast - Simple Regression

MDPIX Fund  USD 130.06  0.67  0.52%   
The Simple Regression forecasted value of Mid Cap Profund Mid Cap on the next trading day is expected to be 130.95 with a mean absolute deviation of 1.66 and the sum of the absolute errors of 101.04. Mid-cap Mutual Fund Forecast is based on your current time horizon.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through Mid-cap Profund 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.

Mid-cap Profund Simple Regression Price Forecast For the 23rd of November

Given 90 days horizon, the Simple Regression forecasted value of Mid Cap Profund Mid Cap on the next trading day is expected to be 130.95 with a mean absolute deviation of 1.66, mean absolute percentage error of 4.00, and the sum of the absolute errors of 101.04.
Please note that although there have been many attempts to predict Mid-cap 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 Mid-cap Profund's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Mid-cap Profund Mutual Fund Forecast Pattern

Backtest Mid-cap ProfundMid-cap Profund Price PredictionBuy or Sell Advice 

Mid-cap Profund Forecasted Value

In the context of forecasting Mid-cap Profund'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. Mid-cap Profund's downside and upside margins for the forecasting period are 129.99 and 131.90, respectively. We have considered Mid-cap Profund'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
130.06
129.99
Downside
130.95
Expected Value
131.90
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 Mid-cap Profund mutual fund data series using in forecasting. Note that when a statistical model is used to represent Mid-cap Profund 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 Criteria119.4956
BiasArithmetic mean of the errors None
MADMean absolute deviation1.6565
MAPEMean absolute percentage error0.0132
SAESum of the absolute errors101.0448
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 Mid Cap Profund Mid Cap 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 Mid-cap Profund

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mid Cap Profund. 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.
Hype
Prediction
LowEstimatedHigh
129.11130.06131.01
Details
Intrinsic
Valuation
LowRealHigh
128.12129.07143.07
Details
Bollinger
Band Projection (param)
LowMiddleHigh
122.78128.49134.19
Details

Other Forecasting Options for Mid-cap Profund

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

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

Mid Cap Profund Technical and Predictive Analytics

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

Mid-cap Profund Market Strength Events

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

Mid-cap Profund Risk Indicators

The analysis of Mid-cap Profund'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 Mid-cap Profund's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mid-cap 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.

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 Mid-cap Mutual Fund

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