Steward Covered Mutual Fund Forecast - Triple Exponential Smoothing

SCJAX Fund  USD 7.99  0.04  0.50%   
The Triple Exponential Smoothing forecasted value of Steward Ered Call on the next trading day is expected to be 7.98 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.15. Steward Mutual Fund Forecast is based on your current time horizon.
At this time the relative strength index (rsi) of Steward Covered's share price is below 20 . This usually implies that the mutual fund is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards.

Momentum 0

 Sell Peaked

 
Oversold
 
Overbought
The successful prediction of Steward Covered's future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with Steward Ered Call, which may create opportunities for some arbitrage if properly timed.
Using Steward Covered hype-based prediction, you can estimate the value of Steward Ered Call from the perspective of Steward Covered response to recently generated media hype and the effects of current headlines on its competitors.
The Triple Exponential Smoothing forecasted value of Steward Ered Call on the next trading day is expected to be 7.98 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.15.

Steward Covered after-hype prediction price

    
  USD 8.26  
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.
  
Check out Historical Fundamental Analysis of Steward Covered to cross-verify your projections.

Steward Covered Additional Predictive Modules

Most predictive techniques to examine Steward price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Steward using various technical indicators. When you analyze Steward 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.
Triple exponential smoothing for Steward Covered - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Steward Covered prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any trend in Steward Covered price movement. However, neither of these exponential smoothing models address any seasonality of Steward Ered Call.

Steward Covered Triple Exponential Smoothing Price Forecast For the 24th of January

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Steward Ered Call on the next trading day is expected to be 7.98 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 2.15.
Please note that although there have been many attempts to predict Steward 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 Steward Covered's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Steward Covered Mutual Fund Forecast Pattern

Backtest Steward CoveredSteward Covered Price PredictionBuy or Sell Advice 

Steward Covered Forecasted Value

In the context of forecasting Steward Covered'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. Steward Covered's downside and upside margins for the forecasting period are 7.33 and 8.63, respectively. We have considered Steward Covered'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
7.99
7.98
Expected Value
8.63
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Steward Covered mutual fund data series using in forecasting. Note that when a statistical model is used to represent Steward Covered 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.
AICAkaike Information CriteriaHuge
BiasArithmetic mean of the errors 0.0082
MADMean absolute deviation0.0364
MAPEMean absolute percentage error0.0047
SAESum of the absolute errors2.1491
As with simple exponential smoothing, in triple exponential smoothing models past Steward Covered observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Steward Ered Call observations.

Predictive Modules for Steward Covered

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Steward Ered Call. 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
LowEstimatedHigh
7.618.268.91
Details
Intrinsic
Valuation
LowRealHigh
7.337.988.63
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Steward Covered. Your research has to be compared to or analyzed against Steward Covered's peers to derive any actionable benefits. When done correctly, Steward Covered'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 Steward Ered Call.

Steward Covered After-Hype Price Prediction Density Analysis

As far as predicting the price of Steward Covered 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 Steward Covered 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 Steward Covered, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Steward Covered Estimiated After-Hype Price Volatility

In the context of predicting Steward Covered's mutual fund value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Steward Covered's historical news coverage. Steward Covered's after-hype downside and upside margins for the prediction period are 7.61 and 8.91, respectively. We have considered Steward Covered'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
7.99
8.26
After-hype Price
8.91
Upside
Steward Covered is very steady at this time. Analysis and calculation of next after-hype price of Steward Ered Call is based on 3 months time horizon.

Steward Covered Mutual Fund Price Prediction Analysis

Have you ever been surprised when a price of a Mutual Fund such as Steward Covered is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Steward Covered 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 Steward Covered, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.07 
0.65
  0.27 
  0.13 
5 Events / Month
1 Events / Month
In about 5 days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
7.99
8.26
3.38 
16.84  
Notes

Steward Covered Hype Timeline

Steward Ered Call is at this time traded for 7.99. The entity has historical hype elasticity of 0.27, and average elasticity to hype of competition of -0.13. Steward is forecasted to increase in value after the next headline, with the price projected to jump to 8.26 or above. The average volatility of media hype impact on the company the price is about 16.84%. The price jump on the next news is projected to be 3.38%, whereas the daily expected return is at this time at 0.07%. The volatility of related hype on Steward Covered is about 35.52%, with the expected price after the next announcement by competition of 7.86. Assuming the 90 days horizon the next forecasted press release will be in about 5 days.
Check out Historical Fundamental Analysis of Steward Covered to cross-verify your projections.

Steward Covered Related Hype Analysis

Having access to credible news sources related to Steward Covered's direct competition is more important than ever and may enhance your ability to predict Steward Covered's future price movements. Getting to know how Steward Covered'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 Steward Covered may potentially react to the hype associated with one of its peers.

Other Forecasting Options for Steward Covered

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

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

Steward Covered Market Strength Events

Market strength indicators help investors to evaluate how Steward Covered 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 Steward Covered shares will generate the highest return on investment. By undertsting and applying Steward Covered mutual fund market strength indicators, traders can identify Steward Ered Call entry and exit signals to maximize returns.

Steward Covered Risk Indicators

The analysis of Steward Covered'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 Steward Covered's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting steward 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.
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 Steward Covered

The number of cover stories for Steward Covered depends on current market conditions and Steward Covered's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Steward Covered 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 Steward Covered's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Other Macroaxis Stories

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Other Information on Investing in Steward Mutual Fund

Steward Covered financial ratios help investors to determine whether Steward 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 Steward with respect to the benefits of owning Steward Covered security.
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