Fidelity Canada Mutual Fund Forecast - Double Exponential Smoothing

Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Fidelity Canada works best with periods where there are trends or seasonality.

Fidelity Canada Double Exponential Smoothing Price Forecast For the 3rd of May

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Fidelity Canada Fund on the next trading day is expected to be 64.81 with a mean absolute deviation of 0.43, mean absolute percentage error of 0.33, and the sum of the absolute errors of 25.97.

Fidelity Canada Mutual Fund Forecast Pattern

Backtest Fidelity Canada

Fidelity Canada Price Prediction

Buy or Sell Advice

Fidelity Canada Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Fidelity Canada mutual fund data series using in forecasting. Note that when a statistical model is used to represent Fidelity Canada 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. When Fidelity Canada Fund 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 Fidelity Canada Fund trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Fidelity Canada observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Fidelity Canada

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Fidelity Canada. 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 64.03 64.89 65.75 Details

Intrinsic Valuation Low Real High 58.85 59.71 71.38 Details

Bollinger Band Projection (param) Low Middle High 64.49 66.09 67.69 Details

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

Other Forecasting Options for Fidelity Canada

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

Fidelity Canada Related Equities

Risk & Return

Correlation

Fidelity Canada 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 Fidelity Canada'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 Fidelity Canada's current price.

Fidelity Canada Market Strength Events

Fidelity Canada Risk Indicators

Financial Analysis Details

Buy or Sell Advice Details

Technical Analysis Details

Please note, there is a significant difference between Fidelity Canada's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Canada is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Canada's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.