Mfs Limited Mutual Fund Forecast - Simple Exponential Smoothing
| MQLFX Fund | USD 5.92 0.01 0.17% |
The Simple Exponential Smoothing forecasted value of Mfs Limited Maturity on the next trading day is expected to be 5.92 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.27. MFS Mutual Fund Forecast is based on your current time horizon.
At this time, The relative strength index (RSI) of Mfs Limited's share price is at 58. This indicates that the mutual fund is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Mfs Limited, making its price go up or down. Momentum 58
Buy Extended
Oversold | Overbought |
Using Mfs Limited hype-based prediction, you can estimate the value of Mfs Limited Maturity from the perspective of Mfs Limited response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Mfs Limited Maturity on the next trading day is expected to be 5.92 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.27. Mfs Limited after-hype prediction price | USD 5.92 |
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.
MFS |
Mfs Limited Additional Predictive Modules
Most predictive techniques to examine MFS price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for MFS using various technical indicators. When you analyze MFS 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.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Mfs Limited Simple Exponential Smoothing Price Forecast For the 10th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Mfs Limited Maturity on the next trading day is expected to be 5.92 with a mean absolute deviation of 0, mean absolute percentage error of 0.000042, and the sum of the absolute errors of 0.27.Please note that although there have been many attempts to predict MFS 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 Mfs Limited's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Mfs Limited Mutual Fund Forecast Pattern
| Backtest Mfs Limited | Mfs Limited Price Prediction | Buy or Sell Advice |
Mfs Limited Forecasted Value
In the context of forecasting Mfs Limited'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. Mfs Limited's downside and upside margins for the forecasting period are 5.80 and 6.04, respectively. We have considered Mfs Limited'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 Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Mfs Limited mutual fund data series using in forecasting. Note that when a statistical model is used to represent Mfs Limited 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.| AIC | Akaike Information Criteria | 106.2013 |
| Bias | Arithmetic mean of the errors | -0.0012 |
| MAD | Mean absolute deviation | 0.0046 |
| MAPE | Mean absolute percentage error | 8.0E-4 |
| SAE | Sum of the absolute errors | 0.2737 |
Predictive Modules for Mfs Limited
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mfs Limited Maturity. 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.Other Forecasting Options for Mfs Limited
For every potential investor in MFS, whether a beginner or expert, Mfs Limited's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MFS Mutual Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MFS. Basic forecasting techniques help filter out the noise by identifying Mfs Limited's price trends.Mfs Limited 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 Mfs Limited mutual fund to make a market-neutral strategy. Peer analysis of Mfs Limited could also be used in its relative valuation, which is a method of valuing Mfs Limited by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Mfs Limited Maturity 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 Mfs Limited'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 Mfs Limited's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Mfs Limited Market Strength Events
Market strength indicators help investors to evaluate how Mfs Limited 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 Mfs Limited shares will generate the highest return on investment. By undertsting and applying Mfs Limited mutual fund market strength indicators, traders can identify Mfs Limited Maturity entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 5.92 | |||
| Day Typical Price | 5.92 | |||
| Price Action Indicator | 0.005 | |||
| Period Momentum Indicator | 0.01 | |||
| Relative Strength Index | 58.34 |
Mfs Limited Risk Indicators
The analysis of Mfs Limited'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 Mfs Limited's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mfs 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.
| Mean Deviation | 0.0724 | |||
| Standard Deviation | 0.1185 | |||
| Variance | 0.014 | |||
| Downside Variance | 0.0431 | |||
| Semi Variance | (0) | |||
| Expected Short fall | (0.20) |
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 MFS Mutual Fund
Mfs Limited financial ratios help investors to determine whether MFS 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 MFS with respect to the benefits of owning Mfs Limited security.
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