Thornburg Global Mutual Fund Forecast - Simple Exponential Smoothing

Thornburg Global Additional Predictive Modules

Most predictive techniques to examine THORNBURG price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for THORNBURG using various technical indicators. When you analyze THORNBURG 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. Thornburg Global simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Thornburg Global Opportunities are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Thornburg Global Opp prices get older.

Thornburg Global Simple Exponential Smoothing Price Forecast For the 23rd of January

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Thornburg Global Opportunities on the next trading day is expected to be 50.71 with a mean absolute deviation of 0.27, mean absolute percentage error of 0.17, and the sum of the absolute errors of 16.36.

Thornburg Global Mutual Fund Forecast Pattern

Backtest Thornburg Global

Thornburg Global Price Prediction

Buy or Sell Advice

Thornburg Global Forecasted Value

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 Thornburg Global mutual fund data series using in forecasting. Note that when a statistical model is used to represent Thornburg Global 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. This simple exponential smoothing model begins by setting Thornburg Global Opportunities forecast for the second period equal to the observation of the first period. In other words, recent Thornburg Global observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Thornburg Global

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Thornburg Global Opp. 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 Low Estimated High 49.83 50.71 51.59 Details

Intrinsic Valuation Low Real High 44.76 45.64 55.78 Details

Bollinger Band Projection (param) Low Middle High 46.29 48.73 51.17 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Thornburg Global. Your research has to be compared to or analyzed against Thornburg Global's peers to derive any actionable benefits. When done correctly, Thornburg Global'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 Thornburg Global Opp.

Thornburg Global After-Hype Price Prediction Density Analysis

Thornburg Global Estimiated After-Hype Price Volatility

Thornburg Global Mutual Fund Price Prediction Analysis

Thornburg Global Hype Timeline

Thornburg Global Opp is at this time traded for 50.71. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.71. THORNBURG is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is at this time at 0.28%. %. The volatility of related hype on Thornburg Global is about 34.49%, with the expected price after the next announcement by competition of 51.42. The company has price-to-book ratio of 1.39. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Thornburg Global Opp last dividend was issued on the 20th of December 2019. Assuming the 90 days horizon the next forecasted press release will be within a week. Check out Historical Fundamental Analysis of Thornburg Global to cross-verify your projections.

Thornburg Global Related Hype Analysis

Other Forecasting Options for Thornburg Global

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

Thornburg Global Related Equities

Risk & Return

Correlation

Thornburg Global Market Strength Events

Thornburg Global Risk Indicators

Story Coverage note for Thornburg Global

Other Macroaxis Stories

Other Information on Investing in THORNBURG Mutual Fund