Olstein Strategic Mutual Fund Forward View - 20 Period Moving Average
| OFSAX Fund | USD 22.32 0.21 0.93% |
Olstein Mutual Fund outlook is based on your current time horizon.
At this time, The relative strength index (RSI) of Olstein Strategic's share price is at 55. 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 Olstein Strategic, making its price go up or down. Momentum 55
Impartial
Oversold | Overbought |
Using Olstein Strategic hype-based prediction, you can estimate the value of Olstein Strategic Opportunities from the perspective of Olstein Strategic response to recently generated media hype and the effects of current headlines on its competitors.
The 20 Period Moving Average forecasted value of Olstein Strategic Opportunities on the next trading day is expected to be 22.55 with a mean absolute deviation of 0.74 and the sum of the absolute errors of 30.54. Olstein Strategic after-hype prediction price | USD 0.0 |
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.
Olstein |
Olstein Strategic Additional Predictive Modules
Most predictive techniques to examine Olstein price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Olstein using various technical indicators. When you analyze Olstein 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 |
Olstein Strategic 20 Period Moving Average Price Forecast For the 31st of January
Given 90 days horizon, the 20 Period Moving Average forecasted value of Olstein Strategic Opportunities on the next trading day is expected to be 22.55 with a mean absolute deviation of 0.74, mean absolute percentage error of 0.76, and the sum of the absolute errors of 30.54.Please note that although there have been many attempts to predict Olstein 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 Olstein Strategic's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Olstein Strategic Mutual Fund Forecast Pattern
| Backtest Olstein Strategic | Olstein Strategic Price Prediction | Buy or Sell Advice |
Olstein Strategic Forecasted Value
In the context of forecasting Olstein Strategic'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. Olstein Strategic's downside and upside margins for the forecasting period are 21.28 and 23.81, respectively. We have considered Olstein Strategic'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Olstein Strategic mutual fund data series using in forecasting. Note that when a statistical model is used to represent Olstein Strategic 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 | 81.0766 |
| Bias | Arithmetic mean of the errors | -0.7155 |
| MAD | Mean absolute deviation | 0.7448 |
| MAPE | Mean absolute percentage error | 0.0339 |
| SAE | Sum of the absolute errors | 30.5375 |
Predictive Modules for Olstein Strategic
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Olstein Strategic. 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.Olstein Strategic After-Hype Price Density Analysis
As far as predicting the price of Olstein Strategic at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Olstein Strategic or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Mutual Fund prices, such as prices of Olstein Strategic, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Olstein Strategic Estimiated After-Hype Price Volatility
In the context of predicting Olstein Strategic's mutual fund value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Olstein Strategic's historical news coverage. Olstein Strategic's after-hype downside and upside margins for the prediction period are 0.00 and 1.26, respectively. We have considered Olstein Strategic's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Olstein Strategic is somewhat reliable at this time. Analysis and calculation of next after-hype price of Olstein Strategic is based on 3 months time horizon.
Olstein Strategic Mutual Fund Price Outlook Analysis
Have you ever been surprised when a price of a Mutual Fund such as Olstein Strategic is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Olstein Strategic backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Fund price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Olstein Strategic, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.21 | 1.26 | 0.11 | 0.71 | 1 Events / Month | 1 Events / Month | Very soon |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
22.32 | 0.00 | 0.00 |
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Olstein Strategic Hype Timeline
Olstein Strategic is now traded for 22.32. The entity has historical hype elasticity of 0.11, and average elasticity to hype of competition of -0.71. Olstein is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is now at 0.21%. %. The volatility of related hype on Olstein Strategic is about 37.3%, with the expected price after the next announcement by competition of 21.61. The company has price-to-book ratio of 1.57. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Olstein Strategic last dividend was issued on the 10th of December 1970. Assuming the 90 days horizon the next forecasted press release will be very soon. Check out Historical Fundamental Analysis of Olstein Strategic to cross-verify your projections.Olstein Strategic Related Hype Analysis
Having access to credible news sources related to Olstein Strategic's direct competition is more important than ever and may enhance your ability to predict Olstein Strategic's future price movements. Getting to know how Olstein Strategic's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Olstein Strategic may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| BHCHX | Baron Health Care | 19.11 | 4 per month | 0.65 | 0.02 | 1.66 | (1.18) | 4.22 | |
| AHSAX | Alger Health Sciences | 0.00 | 0 per month | 0.71 | 0.09 | 2.06 | (1.54) | 4.65 | |
| PGHAX | Putnam Global Health | (60.57) | 3 per month | 0.56 | 0.06 | 1.80 | (1.15) | 3.94 | |
| LYFAX | Alphacentric Lifesci Healthcare | 21.30 | 3 per month | 0.85 | 0.10 | 2.00 | (1.56) | 5.01 | |
| XXGRX | The Gabelli Healthcare | (0.04) | 1 per month | 0.56 | (0.07) | 1.33 | (1.10) | 3.61 | |
| LOGSX | Live Oak Health | (0.07) | 1 per month | 0.53 | 0.09 | 1.42 | (1.15) | 3.71 |
Other Forecasting Options for Olstein Strategic
For every potential investor in Olstein, whether a beginner or expert, Olstein Strategic's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Olstein Mutual Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Olstein. Basic forecasting techniques help filter out the noise by identifying Olstein Strategic's price trends.Olstein Strategic 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 Olstein Strategic mutual fund to make a market-neutral strategy. Peer analysis of Olstein Strategic could also be used in its relative valuation, which is a method of valuing Olstein Strategic by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Olstein Strategic Market Strength Events
Market strength indicators help investors to evaluate how Olstein Strategic 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 Olstein Strategic shares will generate the highest return on investment. By undertsting and applying Olstein Strategic mutual fund market strength indicators, traders can identify Olstein Strategic Opportunities entry and exit signals to maximize returns.
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 22.32 | |||
| Day Typical Price | 22.32 | |||
| Price Action Indicator | (0.11) | |||
| Period Momentum Indicator | (0.21) | |||
| Relative Strength Index | 55.0 |
Olstein Strategic Risk Indicators
The analysis of Olstein Strategic'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 Olstein Strategic's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting olstein 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 | 0.9355 | |||
| Semi Deviation | 1.02 | |||
| Standard Deviation | 1.29 | |||
| Variance | 1.66 | |||
| Downside Variance | 1.26 | |||
| Semi Variance | 1.04 | |||
| Expected Short fall | (1.03) |
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.
Story Coverage note for Olstein Strategic
The number of cover stories for Olstein Strategic depends on current market conditions and Olstein Strategic's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Olstein Strategic is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Olstein Strategic's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Other Information on Investing in Olstein Mutual Fund
Olstein Strategic financial ratios help investors to determine whether Olstein 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 Olstein with respect to the benefits of owning Olstein Strategic security.
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