Short Oil Mutual Fund Forecast - Simple Regression

SNPSX Fund  USD 12.29  0.02  0.16%   
The Simple Regression forecasted value of Short Oil Gas on the next trading day is expected to be 12.17 with a mean absolute deviation of 0.22 and the sum of the absolute errors of 13.50. Short Mutual Fund Forecast is based on your current time horizon.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through Short Oil 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.

Short Oil Simple Regression Price Forecast For the 29th of November

Given 90 days horizon, the Simple Regression forecasted value of Short Oil Gas on the next trading day is expected to be 12.17 with a mean absolute deviation of 0.22, mean absolute percentage error of 0.08, and the sum of the absolute errors of 13.50.
Please note that although there have been many attempts to predict Short 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 Short Oil's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Short Oil Mutual Fund Forecast Pattern

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Short Oil Forecasted Value

In the context of forecasting Short Oil'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. Short Oil's downside and upside margins for the forecasting period are 10.95 and 13.40, respectively. We have considered Short Oil'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
12.29
12.17
Expected Value
13.40
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 Short Oil mutual fund data series using in forecasting. Note that when a statistical model is used to represent Short Oil 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 Criteria115.578
BiasArithmetic mean of the errors None
MADMean absolute deviation0.2214
MAPEMean absolute percentage error0.0172
SAESum of the absolute errors13.5024
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 Short Oil Gas 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 Short Oil

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Short Oil Gas. 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Short Oil'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
11.0612.2913.52
Details
Intrinsic
Valuation
LowRealHigh
10.2111.4412.67
Details

Other Forecasting Options for Short Oil

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

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

Short Oil Gas 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 Short Oil'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 Short Oil's current price.

Short Oil Market Strength Events

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

Short Oil Risk Indicators

The analysis of Short Oil'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 Short Oil's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting short 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.

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 Short Mutual Fund

Short Oil financial ratios help investors to determine whether Short 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 Short with respect to the benefits of owning Short Oil security.
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