Destinations Global Mutual Fund Forecast - Simple Regression
| DGFZX Fund | USD 9.53 0.01 0.11% |
The Simple Regression forecasted value of Destinations Global Fixed on the next trading day is expected to be 9.59 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 1.70. Destinations Mutual Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Destinations Global stock prices and determine the direction of Destinations Global Fixed's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Destinations Global's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Destinations Global to cross-verify your projections. Destinations |
Most investors in Destinations Global 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 Destinations Global's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Destinations Global's price structures and extracts relationships that further increase the generated results' accuracy.
Simple Regression model is a single variable regression model that attempts to put a straight line through Destinations Global price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X. Destinations Global Simple Regression Price Forecast For the 26th of April
Given 90 days horizon, the Simple Regression forecasted value of Destinations Global Fixed on the next trading day is expected to be 9.59 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 1.70.Please note that although there have been many attempts to predict Destinations 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 Destinations Global's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Destinations Global Mutual Fund Forecast Pattern
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Destinations Global Forecasted Value
In the context of forecasting Destinations 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. Destinations Global's downside and upside margins for the forecasting period are 9.48 and 9.70, respectively. We have considered Destinations 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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Destinations Global mutual fund data series using in forecasting. Note that when a statistical model is used to represent Destinations 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.| AIC | Akaike Information Criteria | 111.3285 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0279 |
| MAPE | Mean absolute percentage error | 0.0029 |
| SAE | Sum of the absolute errors | 1.7017 |
Predictive Modules for Destinations 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 Destinations Global Fixed. 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 Destinations Global'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 Destinations Global
For every potential investor in Destinations, whether a beginner or expert, Destinations Global's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Destinations Mutual Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Destinations. Basic forecasting techniques help filter out the noise by identifying Destinations Global's price trends.Destinations 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 Destinations Global mutual fund to make a market-neutral strategy. Peer analysis of Destinations Global could also be used in its relative valuation, which is a method of valuing Destinations Global by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Destinations Global Fixed 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 Destinations 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 Destinations Global's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Destinations Global Market Strength Events
Market strength indicators help investors to evaluate how Destinations 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 Destinations Global shares will generate the highest return on investment. By undertsting and applying Destinations Global mutual fund market strength indicators, traders can identify Destinations Global Fixed entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 9.53 | |||
| Day Typical Price | 9.53 | |||
| Price Action Indicator | 0.005 | |||
| Period Momentum Indicator | 0.01 | |||
| Relative Strength Index | 97.14 |
Destinations Global Risk Indicators
The analysis of Destinations 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 Destinations Global's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting destinations 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 | 0.0837 | |||
| Standard Deviation | 0.1065 | |||
| Variance | 0.0114 | |||
| Downside Variance | 0.0331 | |||
| Semi Variance | (0.03) | |||
| Expected Short fall | (0.12) |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Destinations Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Destinations Global's short interest history, or implied volatility extrapolated from Destinations Global options trading.
Pair Trading with Destinations Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Destinations Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Destinations Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Destinations Mutual Fund
| 0.92 | DIEZX | Destinations International | PairCorr |
| 0.92 | DIEFX | Destinations International | PairCorr |
| 0.95 | DLCFX | Destinations Large Cap | PairCorr |
| 0.95 | DLDFX | Destinations Low Duration | PairCorr |
| 0.95 | DLCZX | Destinations Large Cap | PairCorr |
The ability to find closely correlated positions to Destinations Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Destinations Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Destinations Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Destinations Global Fixed to buy it.
The correlation of Destinations Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Destinations Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Destinations Global Fixed moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Destinations Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Destinations Global to cross-verify your projections. Note that the Destinations Global Fixed information on this page should be used as a complementary analysis to other Destinations Global'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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.