Money Market Money Market Fund Forecast - Naive Prediction

POIXX Fund  USD 1.00  0.00  0.00%   
The Naive Prediction forecasted value of Money Market Obligations on the next trading day is expected to be 1.00 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.07. Money Money Market Fund Forecast is based on your current time horizon.
  
A naive forecasting model for Money Market is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Money Market Obligations 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.

Money Market Naive Prediction Price Forecast For the 23rd of November

Given 90 days horizon, the Naive Prediction forecasted value of Money Market Obligations on the next trading day is expected to be 1.00 with a mean absolute deviation of 0, mean absolute percentage error of 0.00000269, and the sum of the absolute errors of 0.07.
Please note that although there have been many attempts to predict Money Money Market 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 Money Market's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Money Market Money Market Fund Forecast Pattern

Money Market Forecasted Value

In the context of forecasting Money Market's Money Market 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. Money Market's downside and upside margins for the forecasting period are 0.87 and 1.13, respectively. We have considered Money Market'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.
Market Value
1.00
1.00
Expected Value
1.13
Upside

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 Money Market money market fund data series using in forecasting. Note that when a statistical model is used to represent Money Market money market 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.
AICAkaike Information Criteria105.2843
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0011
MAPEMean absolute percentage error0.0011
SAESum of the absolute errors0.0685
This model is not at all useful as a medium-long range forecasting tool of Money Market Obligations. 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 Money Market. 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 Money Market

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Money Market Obligations. Regardless of method or technology, however, to accurately forecast the money market fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the money market 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Money Market's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.000.000.13
Details
Intrinsic
Valuation
LowRealHigh
0.000.000.13
Details

Other Forecasting Options for Money Market

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

Money Market 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 Money Market money market fund to make a market-neutral strategy. Peer analysis of Money Market could also be used in its relative valuation, which is a method of valuing Money Market by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Money Market Obligations Technical and Predictive Analytics

The money market fund market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Money Market'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 Money Market's current price.

Money Market Market Strength Events

Market strength indicators help investors to evaluate how Money Market money market fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Money Market shares will generate the highest return on investment. By undertsting and applying Money Market money market fund market strength indicators, traders can identify Money Market Obligations entry and exit signals to maximize returns.

Money Market Risk Indicators

The analysis of Money Market'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 Money Market's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting money money market 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.
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 Money Money Market Fund

Money Market financial ratios help investors to determine whether Money Money Market 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 Money with respect to the benefits of owning Money Market security.
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