Allianzgi Convertible Fund Forecast - Double Exponential Smoothing

Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Allianzgi Convertible works best with periods where there are trends or seasonality.

Allianzgi Convertible Double Exponential Smoothing Price Forecast For the 27th of November

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Allianzgi Convertible Income on the next trading day is expected to be 3.70 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 1.76.

Allianzgi Convertible Fund Forecast Pattern

Backtest Allianzgi Convertible

Allianzgi Convertible Price Prediction

Buy or Sell Advice

Allianzgi Convertible Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Allianzgi Convertible fund data series using in forecasting. Note that when a statistical model is used to represent Allianzgi Convertible 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. When Allianzgi Convertible Income prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any Allianzgi Convertible Income trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Allianzgi Convertible observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Allianzgi Convertible

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Allianzgi Convertible. 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.

Hype Prediction Low Estimated High 2.69 3.68 4.67 Details

Intrinsic Valuation Low Real High 2.62 3.61 4.60 Details

Other Forecasting Options for Allianzgi Convertible

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

Allianzgi Convertible Related Equities

Risk & Return

Correlation

Allianzgi Convertible 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 Allianzgi Convertible'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 Allianzgi Convertible's current price.

Allianzgi Convertible Market Strength Events

Allianzgi Convertible Risk Indicators

Other Information on Investing in Allianzgi Fund