Prudential Jennison Mutual Fund Forecast - Naive Prediction

Prudential Jennison Additional Predictive Modules

Most predictive techniques to examine Prudential price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Prudential using various technical indicators. When you analyze Prudential 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 Prudential Jennison is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Prudential Jennison Global 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.

Prudential Jennison Naive Prediction Price Forecast For the 23rd of January

Given 90 days horizon, the Naive Prediction forecasted value of Prudential Jennison Global on the next trading day is expected to be 17.57 with a mean absolute deviation of 0.17, mean absolute percentage error of 0.04, and the sum of the absolute errors of 10.44.

Prudential Jennison Mutual Fund Forecast Pattern

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Prudential Jennison 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 Prudential Jennison mutual fund data series using in forecasting. Note that when a statistical model is used to represent Prudential Jennison 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 Prudential Jennison Global. 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 Prudential Jennison. 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 Prudential Jennison

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Prudential Jennison. 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 17.04 17.91 18.78 Details

Intrinsic Valuation Low Real High 16.86 17.73 18.60 Details

Bollinger Band Projection (param) Low Middle High 16.95 17.66 18.36 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Prudential Jennison. Your research has to be compared to or analyzed against Prudential Jennison's peers to derive any actionable benefits. When done correctly, Prudential Jennison'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 Prudential Jennison.

Prudential Jennison After-Hype Price Prediction Density Analysis

Prudential Jennison Estimiated After-Hype Price Volatility

Prudential Jennison Mutual Fund Price Prediction Analysis

Prudential Jennison Hype Timeline

Prudential Jennison is at this time traded for 17.91. The entity has historical hype elasticity of -1.0, and average elasticity to hype of competition of 1.43. Prudential 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 about 9.58%. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is at this time at 0.11%. %. The volatility of related hype on Prudential Jennison is about 6.69%, with the expected price after the next announcement by competition of 19.34. The company last dividend was issued on the 17th of April 2020. Assuming the 90 days horizon the next forecasted press release will be in about 7 days. Check out Historical Fundamental Analysis of Prudential Jennison to cross-verify your projections.

Prudential Jennison Related Hype Analysis

Other Forecasting Options for Prudential Jennison

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

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