Oppenhemier Cnsrvtv Mutual Fund Forecast - Simple Exponential Smoothing
| OACIX Fund | USD 8.56 0.03 0.35% |
The Simple Exponential Smoothing forecasted value of Oppenhemier Cnsrvtv Invstr on the next trading day is expected to be 8.56 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.21. Oppenhemier Mutual Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Oppenhemier Cnsrvtv stock prices and determine the direction of Oppenhemier Cnsrvtv Invstr's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Oppenhemier Cnsrvtv's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Oppenhemier Cnsrvtv to cross-verify your projections. Oppenhemier |
Most investors in Oppenhemier Cnsrvtv cannot accurately predict what will happen the next trading day because, historically, fund markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Oppenhemier Cnsrvtv's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Oppenhemier Cnsrvtv's price structures and extracts relationships that further increase the generated results' accuracy.
Oppenhemier Cnsrvtv 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 Oppenhemier Cnsrvtv Invstr are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Oppenhemier Cnsrvtv prices get older. Oppenhemier Cnsrvtv Simple Exponential Smoothing Price Forecast For the 11th of May 2024
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Oppenhemier Cnsrvtv Invstr on the next trading day is expected to be 8.56 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0007, and the sum of the absolute errors of 1.21.Please note that although there have been many attempts to predict Oppenhemier 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 Oppenhemier Cnsrvtv's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Oppenhemier Cnsrvtv Mutual Fund Forecast Pattern
| Backtest Oppenhemier Cnsrvtv | Oppenhemier Cnsrvtv Price Prediction | Buy or Sell Advice |
Oppenhemier Cnsrvtv Forecasted Value
In the context of forecasting Oppenhemier Cnsrvtv'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. Oppenhemier Cnsrvtv's downside and upside margins for the forecasting period are 8.23 and 8.89, respectively. We have considered Oppenhemier Cnsrvtv'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.
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 Oppenhemier Cnsrvtv mutual fund data series using in forecasting. Note that when a statistical model is used to represent Oppenhemier Cnsrvtv 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.| AIC | Akaike Information Criteria | 109.0106 |
| Bias | Arithmetic mean of the errors | -0.0022 |
| MAD | Mean absolute deviation | 0.0202 |
| MAPE | Mean absolute percentage error | 0.0024 |
| SAE | Sum of the absolute errors | 1.21 |
Predictive Modules for Oppenhemier Cnsrvtv
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Oppenhemier Cnsrvtv. 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 Oppenhemier Cnsrvtv'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.
Other Forecasting Options for Oppenhemier Cnsrvtv
For every potential investor in Oppenhemier, whether a beginner or expert, Oppenhemier Cnsrvtv's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Oppenhemier Mutual Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Oppenhemier. Basic forecasting techniques help filter out the noise by identifying Oppenhemier Cnsrvtv's price trends.Oppenhemier Cnsrvtv 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 Oppenhemier Cnsrvtv mutual fund to make a market-neutral strategy. Peer analysis of Oppenhemier Cnsrvtv could also be used in its relative valuation, which is a method of valuing Oppenhemier Cnsrvtv by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Oppenhemier Cnsrvtv 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 Oppenhemier Cnsrvtv'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 Oppenhemier Cnsrvtv's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Oppenhemier Cnsrvtv Market Strength Events
Market strength indicators help investors to evaluate how Oppenhemier Cnsrvtv 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 Oppenhemier Cnsrvtv shares will generate the highest return on investment. By undertsting and applying Oppenhemier Cnsrvtv mutual fund market strength indicators, traders can identify Oppenhemier Cnsrvtv Invstr entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 8.56 | |||
| Day Typical Price | 8.56 | |||
| Price Action Indicator | 0.015 | |||
| Period Momentum Indicator | 0.03 | |||
| Relative Strength Index | 57.81 |
Oppenhemier Cnsrvtv Risk Indicators
The analysis of Oppenhemier Cnsrvtv'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 Oppenhemier Cnsrvtv's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting oppenhemier 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.
| Mean Deviation | 0.2407 | |||
| Semi Deviation | 0.3009 | |||
| Standard Deviation | 0.3198 | |||
| Variance | 0.1023 | |||
| Downside Variance | 0.1665 | |||
| Semi Variance | 0.0906 | |||
| Expected Short fall | (0.28) |
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.
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