Calvert Us Mutual Fund Forecast - Naive Prediction

CFJAX Fund  USD 35.88  0.39  1.10%   
The Naive Prediction forecasted value of Calvert Large Cap on the next trading day is expected to be 35.53 with a mean absolute deviation of 0.28 and the sum of the absolute errors of 16.91. Calvert Mutual Fund Forecast is based on your current time horizon.
  
A naive forecasting model for Calvert Us is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Calvert Large 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.

Calvert Us Naive Prediction Price Forecast For the 23rd of November

Given 90 days horizon, the Naive Prediction forecasted value of Calvert Large Cap on the next trading day is expected to be 35.53 with a mean absolute deviation of 0.28, mean absolute percentage error of 0.11, and the sum of the absolute errors of 16.91.
Please note that although there have been many attempts to predict Calvert 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 Calvert Us' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Calvert Us Mutual Fund Forecast Pattern

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Calvert Us Forecasted Value

In the context of forecasting Calvert Us' 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. Calvert Us' downside and upside margins for the forecasting period are 34.78 and 36.28, respectively. We have considered Calvert Us' 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
35.88
35.53
Expected Value
36.28
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 Calvert Us mutual fund data series using in forecasting. Note that when a statistical model is used to represent Calvert Us 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 Criteria115.9142
BiasArithmetic mean of the errors None
MADMean absolute deviation0.2773
MAPEMean absolute percentage error0.0081
SAESum of the absolute errors16.9134
This model is not at all useful as a medium-long range forecasting tool of Calvert Large 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 Calvert Us. 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 Calvert Us

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Calvert Large 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.
Hype
Prediction
LowEstimatedHigh
35.1335.8836.63
Details
Intrinsic
Valuation
LowRealHigh
32.2939.1139.86
Details
Bollinger
Band Projection (param)
LowMiddleHigh
33.4434.6035.76
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Calvert Us. Your research has to be compared to or analyzed against Calvert Us' peers to derive any actionable benefits. When done correctly, Calvert Us' 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 Calvert Large Cap.

Other Forecasting Options for Calvert Us

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

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

Calvert Large 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 Calvert Us' 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 Calvert Us' current price.

Calvert Us Market Strength Events

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

Calvert Us Risk Indicators

The analysis of Calvert Us' 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 Calvert Us' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting calvert 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 Calvert Mutual Fund

Calvert Us financial ratios help investors to determine whether Calvert 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 Calvert with respect to the benefits of owning Calvert Us security.
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