Sustainable Innovation Fund Forecast - Simple Regression

SIH-UN Fund  CAD 13.22  0.01  0.08%   
The Simple Regression forecasted value of Sustainable Innovation Health on the next trading day is expected to be 13.39 with a mean absolute deviation of 0.16 and the sum of the absolute errors of 9.70. Sustainable Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Sustainable Innovation stock prices and determine the direction of Sustainable Innovation Health's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Sustainable Innovation's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through Sustainable Innovation price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Sustainable Innovation Simple Regression Price Forecast For the 5th of December

Given 90 days horizon, the Simple Regression forecasted value of Sustainable Innovation Health on the next trading day is expected to be 13.39 with a mean absolute deviation of 0.16, mean absolute percentage error of 0.04, and the sum of the absolute errors of 9.70.
Please note that although there have been many attempts to predict Sustainable 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 Sustainable Innovation's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Sustainable Innovation Fund Forecast Pattern

Sustainable Innovation Forecasted Value

In the context of forecasting Sustainable Innovation's 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. Sustainable Innovation's downside and upside margins for the forecasting period are 12.58 and 14.19, respectively. We have considered Sustainable Innovation'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
13.22
13.39
Expected Value
14.19
Upside

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 Sustainable Innovation fund data series using in forecasting. Note that when a statistical model is used to represent Sustainable Innovation 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 Criteria114.8583
BiasArithmetic mean of the errors None
MADMean absolute deviation0.159
MAPEMean absolute percentage error0.0122
SAESum of the absolute errors9.6965
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Sustainable Innovation Health historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Sustainable Innovation

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sustainable Innovation. Regardless of method or technology, however, to accurately forecast the fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the 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 Sustainable Innovation'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
12.4213.2314.04
Details
Intrinsic
Valuation
LowRealHigh
11.8312.6413.45
Details
Bollinger
Band Projection (param)
LowMiddleHigh
13.0913.1813.26
Details

Other Forecasting Options for Sustainable Innovation

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

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

Sustainable Innovation Technical and Predictive Analytics

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

Sustainable Innovation Market Strength Events

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

Sustainable Innovation Risk Indicators

The analysis of Sustainable Innovation'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 Sustainable Innovation's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sustainable 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.

Pair Trading with Sustainable Innovation

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sustainable Innovation position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sustainable Innovation will appreciate offsetting losses from the drop in the long position's value.

Moving together with Sustainable Fund

  0.820P0000706A RBC Select BalancedPairCorr
  0.840P00007069 RBC PortefeuillePairCorr
  0.780P0000IUYO Edgepoint Global PorPairCorr
  0.620P0001FAU8 TD Comfort BalancedPairCorr
  0.810P00012UCU RBC Global EquityPairCorr
The ability to find closely correlated positions to Sustainable Innovation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sustainable Innovation when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sustainable Innovation - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sustainable Innovation Health to buy it.
The correlation of Sustainable Innovation is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sustainable Innovation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sustainable Innovation moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sustainable Innovation can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Sustainable Fund

Sustainable Innovation financial ratios help investors to determine whether Sustainable 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 Sustainable with respect to the benefits of owning Sustainable Innovation security.
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