Madison Covered Mutual Fund Forward View - Simple Exponential Smoothing

MENYX Fund  USD 9.46  0.05  0.53%   
Madison Mutual Fund outlook is based on your current time horizon.
The relative strength index (RSI) of Madison Covered's mutual fund price is slightly above 65. 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 Madison, making its price go up or down.

Momentum 65

 Buy Extended

 
Oversold
 
Overbought
The successful prediction of Madison Covered's future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with Madison Ered Call, which may create opportunities for some arbitrage if properly timed.
Using Madison Covered hype-based prediction, you can estimate the value of Madison Ered Call from the perspective of Madison Covered response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Madison Ered Call on the next trading day is expected to be 9.46 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.64.

Madison Covered after-hype prediction price

    
  USD 9.46  
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 Madison Covered to cross-verify your projections.

Madison Covered Additional Predictive Modules

Most predictive techniques to examine Madison price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Madison using various technical indicators. When you analyze Madison 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.
Madison Covered simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Madison Ered Call are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Madison Ered Call prices get older.

Madison Covered Simple Exponential Smoothing Price Forecast For the 31st of January

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Madison Ered Call on the next trading day is expected to be 9.46 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 2.64.
Please note that although there have been many attempts to predict Madison 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 Madison Covered's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Madison Covered Mutual Fund Forecast Pattern

Backtest Madison Covered  Madison Covered Price Prediction  Buy or Sell Advice  

Madison Covered Forecasted Value

In the context of forecasting Madison Covered'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. Madison Covered's downside and upside margins for the forecasting period are 8.70 and 10.22, respectively. We have considered Madison Covered'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
9.46
9.46
Expected Value
10.22
Upside

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 Madison Covered mutual fund data series using in forecasting. Note that when a statistical model is used to represent Madison Covered 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 Criteria112.7514
BiasArithmetic mean of the errors -0.0138
MADMean absolute deviation0.0433
MAPEMean absolute percentage error0.0048
SAESum of the absolute errors2.64
This simple exponential smoothing model begins by setting Madison Ered Call forecast for the second period equal to the observation of the first period. In other words, recent Madison Covered observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Madison Covered

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Madison Ered Call. 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 Madison Covered'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
8.709.4610.22
Details
Intrinsic
Valuation
LowRealHigh
9.4210.1810.94
Details

Madison Covered After-Hype Price Density Analysis

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

Madison Covered Estimiated After-Hype Price Volatility

In the context of predicting Madison Covered's mutual fund value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Madison Covered's historical news coverage. Madison Covered's after-hype downside and upside margins for the prediction period are 8.70 and 10.22, respectively. We have considered Madison Covered'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
9.46
9.46
After-hype Price
10.22
Upside
Madison Covered is very steady at this time. Analysis and calculation of next after-hype price of Madison Ered Call is based on 3 months time horizon.

Madison Covered Mutual Fund Price Outlook Analysis

Have you ever been surprised when a price of a Mutual Fund such as Madison Covered is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Madison Covered 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 Madison Covered, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.16 
0.76
 0.00  
  1.60 
0 Events / Month
2 Events / Month
Uncertain
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
9.46
9.46
0.00 
0.00  
Notes

Madison Covered Hype Timeline

Madison Ered Call is now traded for 9.46. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 1.6. Madison is anticipated 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 anticipated to be very small, whereas the daily expected return is now at 0.16%. %. The volatility of related hype on Madison Covered is about 7.58%, with the expected price after the next announcement by competition of 11.06. Assuming the 90 days horizon the next anticipated press release will be uncertain.
Check out Historical Fundamental Analysis of Madison Covered to cross-verify your projections.

Madison Covered Related Hype Analysis

Having access to credible news sources related to Madison Covered's direct competition is more important than ever and may enhance your ability to predict Madison Covered's future price movements. Getting to know how Madison Covered'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 Madison Covered 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
VPVInvesco Pennsylvania Value 101.70 7 per month 0.35 (0.06) 0.77 (0.65) 2.10 
ETXEaton Vance Municipal(9.75)1 per month 0.73 (0.08) 0.96 (1.29) 4.13 
PROVXProvident Trust Strategy 0.00 0 per month 0.00  0.15  1.57 (0.88) 21.41 
ARTHXArtisan Global Equity 0.00 0 per month 0.00  0.16  1.38 (1.01) 26.93 
EHIWestern Asset Global 0.00 0 per month 0.27  0.03  1.14 (0.48) 3.23 
DVRAXMfs Global Alternative 0.00 0 per month 0.00 (0.09) 0.35 (0.28) 0.99 
HEIFXHennessy Equity And 0.00 0 per month 0.00  0.14  0.86 (0.67) 14.21 
RMCFXRoyce Micro Cap Fund 4.29 3 per month 1.02  0.12  2.51 (2.56) 20.80 
MFMMFS Municipal Income 3.91 5 per month 0.51  0  0.93 (1.09) 3.17 
FLDOXDividend Opportunities Fund 0.09 1 per month 0.29  0.04  0.72 (0.64) 3.26 

Other Forecasting Options for Madison Covered

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

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

Madison Covered Market Strength Events

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

Madison Covered Risk Indicators

The analysis of Madison Covered'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 Madison Covered's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting madison 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 Madison Covered

The number of cover stories for Madison Covered depends on current market conditions and Madison Covered's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Madison Covered 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 Madison Covered's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Other Macroaxis Stories

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Other Information on Investing in Madison Mutual Fund

Madison Covered financial ratios help investors to determine whether Madison 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 Madison with respect to the benefits of owning Madison Covered security.
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