Highland Longshort Mutual Fund Forecast - Naive Prediction

HHCAX Fund  USD 15.05  0.01  0.07%   
Highland Mutual Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Highland Longshort stock prices and determine the direction of Highland Longshort Healthcare's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Highland Longshort historical fundamentals such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Highland Longshort to cross-verify your projections.
  
Most investors in Highland Longshort cannot accurately predict what will happen the next trading day because, historically, stock 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 Highland Longshort's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Highland Longshort's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Highland Longshort is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Highland Longshort Healthcare 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.

Highland Longshort Naive Prediction Price Forecast For the 19th of March

Given 90 days horizon, the Naive Prediction forecasted value of Highland Longshort Healthcare on the next trading day is expected to be 15.07 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0009, and the sum of the absolute errors of 1.35.
Please note that although there have been many attempts to predict Highland 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 Highland Longshort's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Highland Longshort Mutual Fund Forecast Pattern

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Highland Longshort Forecasted Value

In the context of forecasting Highland Longshort'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. Highland Longshort's downside and upside margins for the forecasting period are 14.89 and 15.24, respectively. We have considered Highland Longshort'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
15.05
15.07
Expected Value
15.24
Upside

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 Highland Longshort mutual fund data series using in forecasting. Note that when a statistical model is used to represent Highland Longshort 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 Criteria111.0442
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0222
MAPEMean absolute percentage error0.0015
SAESum of the absolute errors1.3535
This model is not at all useful as a medium-long range forecasting tool of Highland Longshort Healthcare. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Highland Longshort. 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.

Predictive Modules for Highland Longshort

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Highland Longshort. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock 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, frequently view the market will even out over time. This tendency of Highland Longshort'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. Please use the tools below to analyze the current value of Highland Longshort in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
14.8815.0515.22
Details
Intrinsic
Valuation
LowRealHigh
13.6313.8016.56
Details
Bollinger
Band Projection (param)
LowMiddleHigh
14.8014.9615.13
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Highland Longshort. Your research has to be compared to or analyzed against Highland Longshort's peers to derive any actionable benefits. When done correctly, Highland Longshort'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 Highland Longshort.

Other Forecasting Options for Highland Longshort

For every potential investor in Highland, whether a beginner or expert, Highland Longshort's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Highland Mutual Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Highland. Basic forecasting techniques help filter out the noise by identifying Highland Longshort's price trends.

Highland Longshort 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 Highland Longshort mutual fund to make a market-neutral strategy. Peer analysis of Highland Longshort could also be used in its relative valuation, which is a method of valuing Highland Longshort by comparing valuation metrics with similar companies.
USCF Gold StrategyHighland LongshortHighland Merger ArbitrageHighland Small-cap EquityHighland Small-cap EquityHighland Small-cap EquityAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroupSentinelOneCVS Health CorpChevron CorpHome Depot
 Risk & Return  Correlation

Highland Longshort Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Highland Longshort'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 Highland Longshort's current price.

Highland Longshort Market Strength Events

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

Highland Longshort Risk Indicators

The analysis of Highland Longshort's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Highland Longshort's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Highland Longshort stock price, 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 stock 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 Highland Longshort 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, Highland Longshort's short interest history, or implied volatility extrapolated from Highland Longshort options trading.

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Check out Historical Fundamental Analysis of Highland Longshort to cross-verify your projections.
Note that the Highland Longshort information on this page should be used as a complementary analysis to other Highland Longshort'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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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When running Highland Longshort's price analysis, check to measure Highland Longshort's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Highland Longshort is operating at the current time. Most of Highland Longshort's value examination focuses on studying past and present price action to predict the probability of Highland Longshort's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Highland Longshort's price. Additionally, you may evaluate how the addition of Highland Longshort to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Highland Longshort's value and its price as these two are different measures arrived at by different means. Investors typically determine if Highland Longshort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Highland Longshort's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.