Largecap Growth Mutual Fund Forecast - Simple Regression
PLGJX Fund | USD 15.19 0.07 0.46% |
The Simple Regression forecasted value of Largecap Growth Fund on the next trading day is expected to be 15.24 with a mean absolute deviation of 0.15 and the sum of the absolute errors of 9.08. Largecap Mutual Fund Forecast is based on your current time horizon.
Largecap |
Largecap Growth Simple Regression Price Forecast For the 24th of November
Given 90 days horizon, the Simple Regression forecasted value of Largecap Growth Fund on the next trading day is expected to be 15.24 with a mean absolute deviation of 0.15, mean absolute percentage error of 0.03, and the sum of the absolute errors of 9.08.Please note that although there have been many attempts to predict Largecap 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 Largecap Growth's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Largecap Growth Mutual Fund Forecast Pattern
Backtest Largecap Growth | Largecap Growth Price Prediction | Buy or Sell Advice |
Largecap Growth Forecasted Value
In the context of forecasting Largecap Growth'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. Largecap Growth's downside and upside margins for the forecasting period are 14.29 and 16.19, respectively. We have considered Largecap Growth'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 Regression forecasting method's relative quality and the estimations of the prediction error of Largecap Growth mutual fund data series using in forecasting. Note that when a statistical model is used to represent Largecap Growth 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 | 114.7431 |
Bias | Arithmetic mean of the errors | None |
MAD | Mean absolute deviation | 0.1488 |
MAPE | Mean absolute percentage error | 0.0102 |
SAE | Sum of the absolute errors | 9.075 |
Predictive Modules for Largecap Growth
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Largecap Growth. 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 Largecap Growth
For every potential investor in Largecap, whether a beginner or expert, Largecap Growth's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Largecap Mutual Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Largecap. Basic forecasting techniques help filter out the noise by identifying Largecap Growth's price trends.Largecap Growth 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 Largecap Growth mutual fund to make a market-neutral strategy. Peer analysis of Largecap Growth could also be used in its relative valuation, which is a method of valuing Largecap Growth by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
Largecap Growth 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 Largecap Growth'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 Largecap Growth's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Largecap Growth Market Strength Events
Market strength indicators help investors to evaluate how Largecap Growth 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 Largecap Growth shares will generate the highest return on investment. By undertsting and applying Largecap Growth mutual fund market strength indicators, traders can identify Largecap Growth Fund entry and exit signals to maximize returns.
Daily Balance Of Power | 9.2 T | |||
Rate Of Daily Change | 1.0 | |||
Day Median Price | 15.19 | |||
Day Typical Price | 15.19 | |||
Price Action Indicator | 0.035 | |||
Period Momentum Indicator | 0.07 | |||
Relative Strength Index | 34.65 |
Largecap Growth Risk Indicators
The analysis of Largecap Growth'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 Largecap Growth's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting largecap 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 | 0.6656 | |||
Semi Deviation | 0.9982 | |||
Standard Deviation | 0.9539 | |||
Variance | 0.91 | |||
Downside Variance | 1.26 | |||
Semi Variance | 0.9964 | |||
Expected Short fall | (0.67) |
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 Largecap Mutual Fund
Largecap Growth financial ratios help investors to determine whether Largecap 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 Largecap with respect to the benefits of owning Largecap Growth security.
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