RENN Fund Stock Forecast - Simple Exponential Smoothing
| RCG Stock | USD 2.47 0.30 10.83% |
The Simple Exponential Smoothing forecasted value of RENN Fund on the next trading day is expected to be 2.55 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.46. RENN Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of RENN Fund's historical fundamentals, such as revenue growth or operating cash flow patterns.
RENN |
RENN Fund Simple Exponential Smoothing Price Forecast For the 27th of November
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of RENN Fund on the next trading day is expected to be 2.55 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 2.46.Please note that although there have been many attempts to predict RENN Stock 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 RENN Fund's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
RENN Fund Stock Forecast Pattern
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RENN Fund Forecasted Value
In the context of forecasting RENN Fund's Stock 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. RENN Fund's downside and upside margins for the forecasting period are 0.04 and 5.05, respectively. We have considered RENN Fund'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 Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of RENN Fund stock data series using in forecasting. Note that when a statistical model is used to represent RENN Fund stock, 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 | 110.9358 |
| Bias | Arithmetic mean of the errors | -0.0166 |
| MAD | Mean absolute deviation | 0.041 |
| MAPE | Mean absolute percentage error | 0.0183 |
| SAE | Sum of the absolute errors | 2.4578 |
Predictive Modules for RENN Fund
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as RENN Fund. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock 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 RENN Fund'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.
Other Forecasting Options for RENN Fund
For every potential investor in RENN, whether a beginner or expert, RENN Fund's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. RENN Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in RENN. Basic forecasting techniques help filter out the noise by identifying RENN Fund's price trends.View RENN Fund Related Equities
| Risk & Return | Correlation |
RENN Fund Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of RENN Fund'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 RENN Fund's current price.| Cycle Indicators | ||
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RENN Fund Market Strength Events
Market strength indicators help investors to evaluate how RENN Fund stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading RENN Fund shares will generate the highest return on investment. By undertsting and applying RENN Fund stock market strength indicators, traders can identify RENN Fund entry and exit signals to maximize returns.
| Accumulation Distribution | 3206.69 | |||
| Daily Balance Of Power | (1.11) | |||
| Rate Of Daily Change | 0.89 | |||
| Day Median Price | 2.61 | |||
| Day Typical Price | 2.56 | |||
| Price Action Indicator | (0.28) | |||
| Period Momentum Indicator | (0.30) |
RENN Fund Risk Indicators
The analysis of RENN Fund'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 RENN Fund's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting renn stock 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 | 1.6 | |||
| Semi Deviation | 1.3 | |||
| Standard Deviation | 2.47 | |||
| Variance | 6.12 | |||
| Downside Variance | 3.88 | |||
| Semi Variance | 1.69 | |||
| Expected Short fall | (2.23) |
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.
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When determining whether RENN Fund is a strong investment it is important to analyze RENN Fund's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact RENN Fund's future performance. For an informed investment choice regarding RENN Stock, refer to the following important reports:Check out Historical Fundamental Analysis of RENN Fund to cross-verify your projections. For more detail on how to invest in RENN Stock please use our How to Invest in RENN Fund guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of RENN Fund. If investors know RENN will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about RENN Fund listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (1.00) | Dividend Share 0.015 | Earnings Share 0.16 | Revenue Per Share 0.044 | Quarterly Revenue Growth 0.175 |
The market value of RENN Fund is measured differently than its book value, which is the value of RENN that is recorded on the company's balance sheet. Investors also form their own opinion of RENN Fund's value that differs from its market value or its book value, called intrinsic value, which is RENN Fund's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because RENN Fund's market value can be influenced by many factors that don't directly affect RENN Fund's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between RENN Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine if RENN Fund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RENN Fund's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.