Manulife Global Fund Forecast - 4 Period Moving Average

MMF4606 Fund   51.83  0.07  0.14%   
The 4 Period Moving Average forecasted value of Manulife Global Equity on the next trading day is expected to be 51.77 with a mean absolute deviation of 0.37 and the sum of the absolute errors of 21.13. Investors can use prediction functions to forecast Manulife Global's fund prices and determine the direction of Manulife Global Equity's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading.
  
A four-period moving average forecast model for Manulife Global Equity is based on an artificially constructed daily price series in which the value for a given day is replaced by the mean of that value and the values for four preceding and succeeding time periods. This model is best suited to forecast equities with high volatility.

Manulife Global 4 Period Moving Average Price Forecast For the 25th of November

Given 90 days horizon, the 4 Period Moving Average forecasted value of Manulife Global Equity on the next trading day is expected to be 51.77 with a mean absolute deviation of 0.37, mean absolute percentage error of 0.19, and the sum of the absolute errors of 21.13.
Please note that although there have been many attempts to predict Manulife 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 Manulife Global's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Manulife Global Fund Forecast Pattern

Manulife Global Forecasted Value

In the context of forecasting Manulife Global's 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. Manulife Global's downside and upside margins for the forecasting period are 51.23 and 52.32, respectively. We have considered Manulife Global'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
51.83
51.77
Expected Value
52.32
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Manulife Global fund data series using in forecasting. Note that when a statistical model is used to represent Manulife Global 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 Criteria109.0751
BiasArithmetic mean of the errors 0.002
MADMean absolute deviation0.3708
MAPEMean absolute percentage error0.0071
SAESum of the absolute errors21.135
The four period moving average method has an advantage over other forecasting models in that it does smooth out peaks and troughs in a set of daily price observations of Manulife Global. However, it also has several disadvantages. In particular this model does not produce an actual prediction equation for Manulife Global Equity and therefore, it cannot be a useful forecasting tool for medium or long range price predictions

Predictive Modules for Manulife Global

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Manulife Global Equity. Regardless of method or technology, however, to accurately forecast the fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the 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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Manulife Global. Your research has to be compared to or analyzed against Manulife Global's peers to derive any actionable benefits. When done correctly, Manulife Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Manulife Global Equity.

Other Forecasting Options for Manulife Global

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

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

Manulife Global Equity Technical and Predictive Analytics

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

Manulife Global Market Strength Events

Market strength indicators help investors to evaluate how Manulife Global fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Manulife Global shares will generate the highest return on investment. By undertsting and applying Manulife Global fund market strength indicators, traders can identify Manulife Global Equity entry and exit signals to maximize returns.

Manulife Global Risk Indicators

The analysis of Manulife Global'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 Manulife Global's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting manulife 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.

Pair Trading with Manulife Global

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 Manulife Global 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 Manulife Global will appreciate offsetting losses from the drop in the long position's value.

Moving together with Manulife Fund

  0.610P0000706A RBC Select BalancedPairCorr
  0.660P0001FAU8 TD Comfort BalancedPairCorr
  0.660P00012UCU RBC Global EquityPairCorr
The ability to find closely correlated positions to Manulife Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Manulife Global 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 Manulife Global - 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 Manulife Global Equity to buy it.
The correlation of Manulife Global 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 Manulife Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Manulife Global Equity 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 Manulife Global 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.
Pair CorrelationCorrelation Matching
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