Calvert Global Mutual Fund Forecast - Naive Prediction

CGLAX Fund   17.84  0.09  0.50%   
The Naive Prediction forecasted value of Calvert Global Equity on the next trading day is expected to be 16.97 with a mean absolute deviation of 0.18 and the sum of the absolute errors of 10.72. Calvert Mutual Fund Forecast is based on your current time horizon.
At this time, the relative strength index (RSI) of Calvert Global's share price is approaching 35 suggesting that the mutual fund is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Calvert Global, making its price go up or down.

Momentum 35

 Sell Extended

 
Oversold
 
Overbought
The successful prediction of Calvert Global's future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with Calvert Global Equity, which may create opportunities for some arbitrage if properly timed.
Using Calvert Global hype-based prediction, you can estimate the value of Calvert Global Equity from the perspective of Calvert Global response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Calvert Global Equity on the next trading day is expected to be 16.97 with a mean absolute deviation of 0.18 and the sum of the absolute errors of 10.72.

Calvert Global after-hype prediction price

    
  USD 17.84  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as fund price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
  
Check out Historical Fundamental Analysis of Calvert Global to cross-verify your projections.

Calvert Global Additional Predictive Modules

Most predictive techniques to examine Calvert price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Calvert using various technical indicators. When you analyze Calvert charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
A naive forecasting model for Calvert Global is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Calvert Global Equity 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 Global Naive Prediction Price Forecast For the 2nd of January

Given 90 days horizon, the Naive Prediction forecasted value of Calvert Global Equity on the next trading day is expected to be 16.97 with a mean absolute deviation of 0.18, mean absolute percentage error of 0.06, and the sum of the absolute errors of 10.72.
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 Global's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Calvert Global Mutual Fund Forecast Pattern

Backtest Calvert GlobalCalvert Global Price PredictionBuy or Sell Advice 

Calvert Global Forecasted Value

In the context of forecasting Calvert 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. Calvert Global's downside and upside margins for the forecasting period are 15.63 and 18.32, respectively. We have considered Calvert 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.
Market Value
17.84
16.97
Expected Value
18.32
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 Global mutual fund data series using in forecasting. Note that when a statistical model is used to represent Calvert 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.
AICAkaike Information Criteria115.2704
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1757
MAPEMean absolute percentage error0.0093
SAESum of the absolute errors10.7199
This model is not at all useful as a medium-long range forecasting tool of Calvert Global Equity. 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 Global. 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 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 Calvert Global Equity. 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
16.4917.8419.19
Details
Intrinsic
Valuation
LowRealHigh
16.7218.0719.42
Details
Bollinger
Band Projection (param)
LowMiddleHigh
17.9619.0720.18
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Calvert Global. Your research has to be compared to or analyzed against Calvert Global's peers to derive any actionable benefits. When done correctly, Calvert Global'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 Calvert Global Equity.

Other Forecasting Options for Calvert Global

For every potential investor in Calvert, whether a beginner or expert, Calvert Global's 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 Global's price trends.

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

Calvert Global Equity 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 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 Calvert Global's current price.

Calvert Global Market Strength Events

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

Calvert Global Risk Indicators

The analysis of Calvert 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 Calvert Global's 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 Global 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 Global security.
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