Global Diversified Mutual Fund Forecast - 8 Period Moving Average
| PGBAX Fund | USD 11.92 0.01 0.08% |
The 8 Period Moving Average forecasted value of Global Diversified Income on the next trading day is expected to be 11.90 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.28. Global Mutual Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Global Diversified stock prices and determine the direction of Global Diversified Income's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Global Diversified's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Global Diversified to cross-verify your projections. Global |
Most investors in Global Diversified 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 Global Diversified's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Global Diversified's price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for Global Diversified is based on an artificially constructed time series of Global Diversified daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. Global Diversified 8 Period Moving Average Price Forecast For the 20th of May
Given 90 days horizon, the 8 Period Moving Average forecasted value of Global Diversified Income on the next trading day is expected to be 11.90 with a mean absolute deviation of 0.04, mean absolute percentage error of 0, and the sum of the absolute errors of 2.28.Please note that although there have been many attempts to predict Global 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 Global Diversified's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Global Diversified Mutual Fund Forecast Pattern
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Global Diversified Forecasted Value
In the context of forecasting Global Diversified'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. Global Diversified's downside and upside margins for the forecasting period are 11.69 and 12.11, respectively. We have considered Global Diversified'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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Global Diversified mutual fund data series using in forecasting. Note that when a statistical model is used to represent Global Diversified 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 | 97.4348 |
| Bias | Arithmetic mean of the errors | -0.0133 |
| MAD | Mean absolute deviation | 0.043 |
| MAPE | Mean absolute percentage error | 0.0036 |
| SAE | Sum of the absolute errors | 2.28 |
Predictive Modules for Global Diversified
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Global Diversified Income. 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 Global Diversified'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 Global Diversified
For every potential investor in Global, whether a beginner or expert, Global Diversified's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Global Mutual Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Global. Basic forecasting techniques help filter out the noise by identifying Global Diversified's price trends.Global Diversified 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 Global Diversified mutual fund to make a market-neutral strategy. Peer analysis of Global Diversified could also be used in its relative valuation, which is a method of valuing Global Diversified by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Global Diversified Income 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 Global Diversified'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 Global Diversified's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Global Diversified Market Strength Events
Market strength indicators help investors to evaluate how Global Diversified 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 Global Diversified shares will generate the highest return on investment. By undertsting and applying Global Diversified mutual fund market strength indicators, traders can identify Global Diversified Income entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 11.92 | |||
| Day Typical Price | 11.92 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.01) | |||
| Relative Strength Index | 61.99 |
Global Diversified Risk Indicators
The analysis of Global Diversified'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 Global Diversified's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting global 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 | 0.1626 | |||
| Semi Deviation | 0.1326 | |||
| Standard Deviation | 0.2106 | |||
| Variance | 0.0443 | |||
| Downside Variance | 0.0745 | |||
| Semi Variance | 0.0176 | |||
| Expected Short fall | (0.18) |
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.Check out Historical Fundamental Analysis of Global Diversified to cross-verify your projections. Note that the Global Diversified Income information on this page should be used as a complementary analysis to other Global Diversified's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.