Mfs Global Mutual Fund Forecast - Polynomial Regression
| GLNMX Fund | USD 22.19 0.14 0.63% |
The Polynomial Regression forecasted value of Mfs Global New on the next trading day is expected to be 21.55 with a mean absolute deviation of 0.16 and the sum of the absolute errors of 9.72. Mfs Mutual Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Mfs Global stock prices and determine the direction of Mfs Global New's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Mfs Global's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Mfs Global to cross-verify your projections. Mfs |
Most investors in Mfs Global 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 Mfs Global's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Mfs Global's price structures and extracts relationships that further increase the generated results' accuracy.
Mfs Global polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Mfs Global New as well as the accuracy indicators are determined from the period prices. Mfs Global Polynomial Regression Price Forecast For the 28th of April
Given 90 days horizon, the Polynomial Regression forecasted value of Mfs Global New on the next trading day is expected to be 21.55 with a mean absolute deviation of 0.16, mean absolute percentage error of 0.04, and the sum of the absolute errors of 9.72.Please note that although there have been many attempts to predict Mfs 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 Mfs Global's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Mfs Global Mutual Fund Forecast Pattern
| Backtest Mfs Global | Mfs Global Price Prediction | Buy or Sell Advice |
Mfs Global Forecasted Value
In the context of forecasting Mfs Global'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. Mfs Global's downside and upside margins for the forecasting period are 20.85 and 22.26, respectively. We have considered Mfs Global'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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Mfs Global mutual fund data series using in forecasting. Note that when a statistical model is used to represent Mfs Global 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 | 116.8396 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1567 |
| MAPE | Mean absolute percentage error | 0.007 |
| SAE | Sum of the absolute errors | 9.7157 |
Predictive Modules for Mfs Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mfs Global New. 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 Mfs Global'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 Mfs Global
For every potential investor in Mfs, whether a beginner or expert, Mfs Global's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Mfs Mutual Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Mfs. Basic forecasting techniques help filter out the noise by identifying Mfs Global's price trends.Mfs Global 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 Mfs Global mutual fund to make a market-neutral strategy. Peer analysis of Mfs Global could also be used in its relative valuation, which is a method of valuing Mfs Global by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Mfs Global New 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 Mfs Global'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 Mfs Global's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Mfs Global Market Strength Events
Market strength indicators help investors to evaluate how Mfs Global 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 Mfs Global shares will generate the highest return on investment. By undertsting and applying Mfs Global mutual fund market strength indicators, traders can identify Mfs Global New entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 22.19 | |||
| Day Typical Price | 22.19 | |||
| Price Action Indicator | 0.07 | |||
| Period Momentum Indicator | 0.14 |
Mfs Global Risk Indicators
The analysis of Mfs Global'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 Mfs Global's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mfs 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 | 0.5398 | |||
| Semi Deviation | 0.6646 | |||
| Standard Deviation | 0.6969 | |||
| Variance | 0.4857 | |||
| Downside Variance | 0.4964 | |||
| Semi Variance | 0.4416 | |||
| Expected Short fall | (0.59) |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Mfs Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Mfs Global's short interest history, or implied volatility extrapolated from Mfs Global options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Mfs Global to cross-verify your projections. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.