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BMO Inter Mutual Fund Forecast - Naive Prediction

BMO
BITAX -- USA Fund  

USD 11.69  0.03  0.26%

Investors can use this prediction interface to forecast BMO Inter historic stock prices and determine the direction of BMO Inter Tax Free Fund Class A future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of BMO Inter historical fundamentals such as revenue growth or operating cash flow patterns. Continue to Historical Fundamental Analysis of BMO Inter to cross-verify your projections.
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A naive forecasting model for BMO Inter is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of BMO Inter Tax Free Fund Class A 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.
Given 30 days horizon, the value of BMO Inter Tax Free Fund Class A on the next trading day is expected to be 11.718691

BMO Inter Mutual Fund Forecast Pattern

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BMO Inter Forecasted Value

Market Value
11.69
February 23, 2020
11.72
Expected Value
11.95
Upside

Model Predictive Factors

AICAkaike Information Criteria108.7939
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0077
MAPEMean absolute percentage error7.0E-4
SAESum of the absolute errors0.4712
This model is not at all useful as a medium-long range forecasting tool of BMO Inter Tax Free Fund Class A. This model really is a simplistic model, and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly. 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.

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BMO Inter Risk Indicators

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BMO Inter Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for BMO Inter and BlackRock National Muni. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Continue to Historical Fundamental Analysis of BMO Inter to cross-verify your projections. Please also try Companies Directory module to evaluate performance of over 100,000 stocks, funds, and etfs against different fundamentals.