Touchstone Large Mutual Fund Forecast - Triple Exponential Smoothing

TLGYX Fund  USD 60.29  0.22  0.36%   
The Triple Exponential Smoothing forecasted value of Touchstone Large Pany on the next trading day is expected to be 60.35 with a mean absolute deviation of 0.44 and the sum of the absolute errors of 26.44. Touchstone Mutual Fund Forecast is based on your current time horizon.
  
Triple exponential smoothing for Touchstone Large - 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 Touchstone Large 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 Touchstone Large price movement. However, neither of these exponential smoothing models address any seasonality of Touchstone Large Pany.

Touchstone Large Triple Exponential Smoothing Price Forecast For the 12th of December 2024

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Touchstone Large Pany on the next trading day is expected to be 60.35 with a mean absolute deviation of 0.44, mean absolute percentage error of 0.37, and the sum of the absolute errors of 26.44.
Please note that although there have been many attempts to predict Touchstone 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 Touchstone Large's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Touchstone Large Mutual Fund Forecast Pattern

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Touchstone Large Forecasted Value

In the context of forecasting Touchstone Large'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. Touchstone Large's downside and upside margins for the forecasting period are 59.31 and 61.39, respectively. We have considered Touchstone Large'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
60.29
60.35
Expected Value
61.39
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 Touchstone Large mutual fund data series using in forecasting. Note that when a statistical model is used to represent Touchstone Large 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 -0.02
MADMean absolute deviation0.4407
MAPEMean absolute percentage error0.0076
SAESum of the absolute errors26.44
As with simple exponential smoothing, in triple exponential smoothing models past Touchstone Large 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 Touchstone Large Pany observations.

Predictive Modules for Touchstone Large

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Touchstone Large Pany. 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 Touchstone Large'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
0.000.001.04
Details
Intrinsic
Valuation
LowRealHigh
0.377.358.39
Details
Bollinger
Band Projection (param)
LowMiddleHigh
58.0759.7061.33
Details

Other Forecasting Options for Touchstone Large

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

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

Touchstone Large Pany 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 Touchstone Large'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 Touchstone Large's current price.

Touchstone Large Market Strength Events

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

Touchstone Large Risk Indicators

The analysis of Touchstone Large'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 Touchstone Large's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting touchstone 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 Touchstone Mutual Fund

Touchstone Large financial ratios help investors to determine whether Touchstone 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 Touchstone with respect to the benefits of owning Touchstone Large security.
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