Matthews International Etf Forecast - Naive Prediction
| MKOR Etf | 23.95 0.14 0.59% |
The Naive Prediction forecasted value of Matthews International Funds on the next trading day is expected to be 24.35 with a mean absolute deviation of 0.26 and the sum of the absolute errors of 16.35. Matthews Etf Forecast is based on your current time horizon.
Matthews |
Matthews International Naive Prediction Price Forecast For the 28th of November
Given 90 days horizon, the Naive Prediction forecasted value of Matthews International Funds on the next trading day is expected to be 24.35 with a mean absolute deviation of 0.26, mean absolute percentage error of 0.12, and the sum of the absolute errors of 16.35.Please note that although there have been many attempts to predict Matthews Etf 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 Matthews International's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Matthews International Etf Forecast Pattern
| Backtest Matthews International | Matthews International Price Prediction | Buy or Sell Advice |
Matthews International Forecasted Value
In the context of forecasting Matthews International's Etf 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. Matthews International's downside and upside margins for the forecasting period are 23.08 and 25.62, respectively. We have considered Matthews International'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.
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 Matthews International etf data series using in forecasting. Note that when a statistical model is used to represent Matthews International etf, 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 | 117.8338 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2636 |
| MAPE | Mean absolute percentage error | 0.0106 |
| SAE | Sum of the absolute errors | 16.3452 |
Predictive Modules for Matthews International
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Matthews International. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf 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.Other Forecasting Options for Matthews International
For every potential investor in Matthews, whether a beginner or expert, Matthews International's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Matthews Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Matthews. Basic forecasting techniques help filter out the noise by identifying Matthews International's price trends.Matthews International 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 Matthews International etf to make a market-neutral strategy. Peer analysis of Matthews International could also be used in its relative valuation, which is a method of valuing Matthews International by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Matthews International Technical and Predictive Analytics
The etf market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Matthews International'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 Matthews International's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Matthews International Market Strength Events
Market strength indicators help investors to evaluate how Matthews International etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Matthews International shares will generate the highest return on investment. By undertsting and applying Matthews International etf market strength indicators, traders can identify Matthews International Funds entry and exit signals to maximize returns.
| Accumulation Distribution | 5.98 | |||
| Daily Balance Of Power | 2.333333 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 23.94 | |||
| Day Typical Price | 23.94 | |||
| Price Action Indicator | 0.08 | |||
| Period Momentum Indicator | 0.14 |
Matthews International Risk Indicators
The analysis of Matthews International'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 Matthews International's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting matthews etf 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 | 0.9417 | |||
| Standard Deviation | 1.25 | |||
| Variance | 1.56 |
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 Matthews International
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 Matthews International 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 Matthews International will appreciate offsetting losses from the drop in the long position's value.Moving together with Matthews Etf
Moving against Matthews Etf
| 0.71 | VO | Vanguard Mid Cap | PairCorr |
| 0.7 | VUG | Vanguard Growth Index | PairCorr |
| 0.7 | VB | Vanguard Small Cap | PairCorr |
| 0.68 | VTI | Vanguard Total Stock | PairCorr |
| 0.66 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
The ability to find closely correlated positions to Matthews International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Matthews International 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 Matthews International - 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 Matthews International Funds to buy it.
The correlation of Matthews International 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 Matthews International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Matthews International 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 Matthews International 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.Check out Historical Fundamental Analysis of Matthews International to cross-verify your projections. To learn how to invest in Matthews Etf, please use our How to Invest in Matthews International guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
The market value of Matthews International is measured differently than its book value, which is the value of Matthews that is recorded on the company's balance sheet. Investors also form their own opinion of Matthews International's value that differs from its market value or its book value, called intrinsic value, which is Matthews International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Matthews International's market value can be influenced by many factors that don't directly affect Matthews International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Matthews International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Matthews International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Matthews International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.