Oberweis International Mutual Fund Forecast - Naive Prediction

Oberweis International Additional Predictive Modules

Most predictive techniques to examine Oberweis price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Oberweis using various technical indicators. When you analyze Oberweis 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. A naive forecasting model for Oberweis International is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Oberweis International Opportunities value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Oberweis International Naive Prediction Price Forecast For the 27th of January

Given 90 days horizon, the Naive Prediction forecasted value of Oberweis International Opportunities on the next trading day is expected to be 25.32 with a mean absolute deviation of 0.18, mean absolute percentage error of 0.05, and the sum of the absolute errors of 11.11.

Oberweis International Mutual Fund Forecast Pattern

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Oberweis International Forecasted Value

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 Oberweis International mutual fund data series using in forecasting. Note that when a statistical model is used to represent Oberweis International 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. This model is not at all useful as a medium-long range forecasting tool of Oberweis International Opportunities. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Oberweis International. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Oberweis 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 Oberweis International. 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.

Hype Prediction Low Estimated High 24.52 25.32 26.12 Details

Intrinsic Valuation Low Real High 22.79 27.60 28.40 Details

Bollinger Band Projection (param) Low Middle High 23.54 24.48 25.43 Details

Oberweis International After-Hype Price Density Analysis

Oberweis International Estimiated After-Hype Price Volatility

Oberweis International Mutual Fund Price Outlook Analysis

Notes

Oberweis International Hype Timeline

Oberweis International is now traded for 25.32. The entity stock is not elastic to its hype. The average elasticity to hype of competition is -0.21. Oberweis is estimated 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 estimated to be very small, whereas the daily expected return is now at 0.08%. %. The volatility of related hype on Oberweis International is about 30.85%, with the expected price after the next announcement by competition of 25.11. The company last dividend was issued on the 27th of December 2019. Assuming the 90 days horizon the next estimated press release will be uncertain. Check out Historical Fundamental Analysis of Oberweis International to cross-verify your projections.

Oberweis International Related Hype Analysis

Other Forecasting Options for Oberweis International

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

Oberweis International Related Equities

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