Fidelity Ohio Mutual Fund Forecast - Simple Exponential Smoothing

FOHFX Fund  USD 11.57  0.01  0.09%   
The Simple Exponential Smoothing forecasted value of Fidelity Ohio Municipal on the next trading day is expected to be 11.57 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.43. Fidelity Mutual Fund Forecast is based on your current time horizon.
At this time the relative strength index (rsi) of Fidelity Ohio's share price is below 20 . This usually indicates that the mutual fund is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards.

Momentum 0

 Sell Peaked

 
Oversold
 
Overbought
The successful prediction of Fidelity Ohio's future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with Fidelity Ohio Municipal, which may create opportunities for some arbitrage if properly timed.
Using Fidelity Ohio hype-based prediction, you can estimate the value of Fidelity Ohio Municipal from the perspective of Fidelity Ohio response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Fidelity Ohio Municipal on the next trading day is expected to be 11.57 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.43.

Fidelity Ohio after-hype prediction price

    
  USD 11.57  
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 Fidelity Ohio to cross-verify your projections.

Fidelity Ohio Additional Predictive Modules

Most predictive techniques to examine Fidelity price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Fidelity using various technical indicators. When you analyze Fidelity 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.
Fidelity Ohio 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 Fidelity Ohio Municipal are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Fidelity Ohio Municipal prices get older.

Fidelity Ohio Simple Exponential Smoothing Price Forecast For the 25th of January

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Fidelity Ohio Municipal on the next trading day is expected to be 11.57 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0001, and the sum of the absolute errors of 0.43.
Please note that although there have been many attempts to predict Fidelity 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 Fidelity Ohio's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Fidelity Ohio Mutual Fund Forecast Pattern

Backtest Fidelity OhioFidelity Ohio Price PredictionBuy or Sell Advice 

Fidelity Ohio Forecasted Value

In the context of forecasting Fidelity Ohio'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. Fidelity Ohio's downside and upside margins for the forecasting period are 11.47 and 11.67, respectively. We have considered Fidelity Ohio'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
11.57
11.57
Expected Value
11.67
Upside

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 Fidelity Ohio mutual fund data series using in forecasting. Note that when a statistical model is used to represent Fidelity Ohio 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 Criteria109.2319
BiasArithmetic mean of the errors -0.0015
MADMean absolute deviation0.007
MAPEMean absolute percentage error6.0E-4
SAESum of the absolute errors0.43
This simple exponential smoothing model begins by setting Fidelity Ohio Municipal forecast for the second period equal to the observation of the first period. In other words, recent Fidelity Ohio observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Fidelity Ohio

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 Ohio Municipal. 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
11.4711.5711.67
Details
Intrinsic
Valuation
LowRealHigh
10.5410.6412.73
Details
Bollinger
Band Projection (param)
LowMiddleHigh
11.4511.5411.63
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Fidelity Ohio. Your research has to be compared to or analyzed against Fidelity Ohio's peers to derive any actionable benefits. When done correctly, Fidelity Ohio'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 Ohio Municipal.

Fidelity Ohio After-Hype Price Prediction Density Analysis

As far as predicting the price of Fidelity Ohio at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Fidelity Ohio or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Mutual Fund prices, such as prices of Fidelity Ohio, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Fidelity Ohio Estimiated After-Hype Price Volatility

In the context of predicting Fidelity Ohio's mutual fund value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Fidelity Ohio's historical news coverage. Fidelity Ohio's after-hype downside and upside margins for the prediction period are 11.47 and 11.67, respectively. We have considered Fidelity Ohio's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
11.57
11.57
After-hype Price
11.67
Upside
Fidelity Ohio is very steady at this time. Analysis and calculation of next after-hype price of Fidelity Ohio Municipal is based on 3 months time horizon.

Fidelity Ohio Mutual Fund Price Prediction Analysis

Have you ever been surprised when a price of a Mutual Fund such as Fidelity Ohio is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Fidelity Ohio backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Fund price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Fidelity Ohio, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.01 
0.10
 0.00  
  0.04 
1 Events / Month
2 Events / Month
Very soon
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
11.57
11.57
0.00 
1,000.00  
Notes

Fidelity Ohio Hype Timeline

Fidelity Ohio Municipal is currently traded for 11.57. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.04. Fidelity is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is currently at 0.01%. %. The volatility of related hype on Fidelity Ohio is about 2.43%, with the expected price after the next announcement by competition of 11.61. Assuming the 90 days horizon the next forecasted press release will be very soon.
Check out Historical Fundamental Analysis of Fidelity Ohio to cross-verify your projections.

Fidelity Ohio Related Hype Analysis

Having access to credible news sources related to Fidelity Ohio's direct competition is more important than ever and may enhance your ability to predict Fidelity Ohio's future price movements. Getting to know how Fidelity Ohio's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Fidelity Ohio may potentially react to the hype associated with one of its peers.
Hype
Elasticity
News
Density
Semi
Deviation
Information
Ratio
Potential
Upside
Value
At Risk
Maximum
Drawdown
FMHTXFidelity Michigan Municipal 0.01 1 per month 0.00 (0.67) 0.17 (0.17) 0.60 
FPXTXFidelity Pennsylvania Municipal 0.00 0 per month 0.00 (0.61) 0.19 (0.19) 0.66 
FNJHXFidelity New Jersey 0.00 1 per month 0.00 (0.58) 0.26 (0.17) 0.51 
PCQPimco California Municipal 0.07 1 per month 0.36 (0.17) 0.57 (0.68) 1.96 
FIMIXFidelity Minnesota Municipal 0.00 0 per month 0.00 (0.63) 0.18 (0.09) 0.62 
NBBNuveen Build America 0.09 10 per month 0.00 (0.18) 0.68 (0.86) 2.57 
FSTGXFidelity Intermediate Government 0.01 1 per month 0.08 (0.68) 0.20 (0.20) 0.51 
NCVAllianzgi Convertible Income(0.09)3 per month 0.75  0.02  1.48 (1.31) 3.41 
NPFDNuveen Variable Rate(0.10)2 per month 0.00 (0.22) 0.63 (0.68) 1.72 
CHWCalamos Global Dynamic 41.21 6 per month 0.83  0.03  1.37 (1.48) 3.14 

Other Forecasting Options for Fidelity Ohio

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

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

Fidelity Ohio Market Strength Events

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

Fidelity Ohio Risk Indicators

The analysis of Fidelity Ohio'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 Fidelity Ohio's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting fidelity 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.

Story Coverage note for Fidelity Ohio

The number of cover stories for Fidelity Ohio depends on current market conditions and Fidelity Ohio's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Fidelity Ohio is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Fidelity Ohio's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Other Macroaxis Stories

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Other Information on Investing in Fidelity Mutual Fund

Fidelity Ohio financial ratios help investors to determine whether Fidelity 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 Fidelity with respect to the benefits of owning Fidelity Ohio security.
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