Ab Small Mutual Fund Forecast - Naive Prediction

QUAYX Fund  USD 79.53  0.44  0.56%   
The Naive Prediction forecasted value of Ab Small Cap on the next trading day is expected to be 80.19 with a mean absolute deviation of 0.99 and the sum of the absolute errors of 60.41. QUAYX Mutual Fund Forecast is based on your current time horizon.
  
A naive forecasting model for Ab Small is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Ab Small Cap value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Ab Small Naive Prediction Price Forecast For the 2nd of December

Given 90 days horizon, the Naive Prediction forecasted value of Ab Small Cap on the next trading day is expected to be 80.19 with a mean absolute deviation of 0.99, mean absolute percentage error of 1.75, and the sum of the absolute errors of 60.41.
Please note that although there have been many attempts to predict QUAYX 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 Ab Small's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Ab Small Mutual Fund Forecast Pattern

Backtest Ab SmallAb Small Price PredictionBuy or Sell Advice 

Ab Small Forecasted Value

In the context of forecasting Ab Small'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. Ab Small's downside and upside margins for the forecasting period are 78.97 and 81.40, respectively. We have considered Ab Small'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
79.53
80.19
Expected Value
81.40
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Ab Small mutual fund data series using in forecasting. Note that when a statistical model is used to represent Ab Small 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 Criteria118.6728
BiasArithmetic mean of the errors None
MADMean absolute deviation0.9904
MAPEMean absolute percentage error0.0132
SAESum of the absolute errors60.415
This model is not at all useful as a medium-long range forecasting tool of Ab Small Cap. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Ab Small. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Ab Small

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ab Small Cap. 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 Ab Small'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
78.5579.7680.97
Details
Intrinsic
Valuation
LowRealHigh
69.1770.3887.48
Details
Bollinger
Band Projection (param)
LowMiddleHigh
74.3277.9181.49
Details

Other Forecasting Options for Ab Small

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

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

Ab Small Cap 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 Ab Small'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 Ab Small's current price.

Ab Small Market Strength Events

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

Ab Small Risk Indicators

The analysis of Ab Small'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 Ab Small's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting quayx 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 QUAYX Mutual Fund

Ab Small financial ratios help investors to determine whether QUAYX 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 QUAYX with respect to the benefits of owning Ab Small security.
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance