Calamos Phineus Mutual Fund Forecast - Naive Prediction
| CPLSX Fund | USD 17.10 0.02 0.12% |
The Naive Prediction forecasted value of Calamos Phineus Longshort on the next trading day is expected to be 17.04 with a mean absolute deviation of 0.05 and the sum of the absolute errors of 2.75. Calamos Mutual Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Calamos Phineus stock prices and determine the direction of Calamos Phineus Longshort's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Calamos Phineus' historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Calamos Phineus to cross-verify your projections. Calamos |
Most investors in Calamos Phineus 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 Calamos Phineus' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Calamos Phineus' price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Calamos Phineus is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Calamos Phineus Longshort 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. Calamos Phineus Naive Prediction Price Forecast For the 21st of May
Given 90 days horizon, the Naive Prediction forecasted value of Calamos Phineus Longshort on the next trading day is expected to be 17.04 with a mean absolute deviation of 0.05, mean absolute percentage error of 0, and the sum of the absolute errors of 2.75.Please note that although there have been many attempts to predict Calamos 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 Calamos Phineus' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Calamos Phineus Mutual Fund Forecast Pattern
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Calamos Phineus Forecasted Value
In the context of forecasting Calamos Phineus' 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. Calamos Phineus' downside and upside margins for the forecasting period are 16.67 and 17.41, respectively. We have considered Calamos Phineus' 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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Calamos Phineus mutual fund data series using in forecasting. Note that when a statistical model is used to represent Calamos Phineus 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 | 112.6404 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0451 |
| MAPE | Mean absolute percentage error | 0.0027 |
| SAE | Sum of the absolute errors | 2.7527 |
Predictive Modules for Calamos Phineus
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Calamos Phineus Longshort. 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 Calamos Phineus' 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 Calamos Phineus
For every potential investor in Calamos, whether a beginner or expert, Calamos Phineus' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Calamos Mutual Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Calamos. Basic forecasting techniques help filter out the noise by identifying Calamos Phineus' price trends.Calamos Phineus 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 Calamos Phineus mutual fund to make a market-neutral strategy. Peer analysis of Calamos Phineus could also be used in its relative valuation, which is a method of valuing Calamos Phineus by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Calamos Phineus Longshort 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 Calamos Phineus' 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 Calamos Phineus' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Calamos Phineus Market Strength Events
Market strength indicators help investors to evaluate how Calamos Phineus 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 Calamos Phineus shares will generate the highest return on investment. By undertsting and applying Calamos Phineus mutual fund market strength indicators, traders can identify Calamos Phineus Longshort entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 17.1 | |||
| Day Typical Price | 17.1 | |||
| Price Action Indicator | 0.01 | |||
| Period Momentum Indicator | 0.02 | |||
| Relative Strength Index | 68.4 |
Calamos Phineus Risk Indicators
The analysis of Calamos Phineus' 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 Calamos Phineus' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting calamos 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 | 0.2791 | |||
| Standard Deviation | 0.3672 | |||
| Variance | 0.1349 | |||
| Downside Variance | 0.0834 | |||
| Semi Variance | (0.05) | |||
| Expected Short fall | (0.35) |
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 Calamos Phineus to cross-verify your projections. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.