Mirae Asset Mutual Fund Forecast - Naive Prediction

MALGX -  USA Fund  

USD 15.38  0.57  3.85%

Mirae Mutual Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Mirae Asset historical stock prices and determine the direction of Mirae Asset Discovery'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 Mirae Asset historical fundamentals such as revenue growth or operating cash flow patterns.
Additionally, see Historical Fundamental Analysis of Mirae Asset to cross-verify your projections.

Mirae Mutual Fund Forecast 

 
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Most investors in Mirae Asset 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 Mirae Asset's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Mirae Asset's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Mirae Asset is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Mirae Asset Discovery 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.

Mirae Asset Naive Prediction Price Forecast For the 28th of November

Given 90 days horizon, the Naive Prediction forecasted value of Mirae Asset Discovery on the next trading day is expected to be 15.19 with a mean absolute deviation of 0.12, mean absolute percentage error of 0.023415, and the sum of the absolute errors of 7.62. Please note that although there have been many attempts to predict Mirae 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 Mirae Asset's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Mirae Asset Mutual Fund Forecast Pattern

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Mirae Asset Forecasted Value

In the context of forecasting Mirae Asset'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. Mirae Asset's downside and upside margins for the forecasting period are 14.37 and 16.02, respectively. We have considered Mirae Asset'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
15.38
27th of November 2021
15.19
Expected Value
16.02
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 Mirae Asset mutual fund data series using in forecasting. Note that when a statistical model is used to represent Mirae Asset 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 Criteria116.194
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1229
MAPEMean absolute percentage error0.0079
SAESum of the absolute errors7.6229
This model is not at all useful as a medium-long range forecasting tool of Mirae Asset Discovery. 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 Mirae Asset. 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 Mirae Asset

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mirae Asset Discovery. 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 Mirae Asset'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 Mirae Asset in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
14.5615.3816.20
Details
Intrinsic
Valuation
LowReal ValueHigh
14.5815.4016.22
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
15.1915.6916.19
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Mirae Asset. Your research has to be compared to or analyzed against Mirae Asset's peers to derive any actionable benefits. When done correctly, Mirae Asset's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Mirae Asset Discovery.

Other Forecasting Options for Mirae Asset

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

View Currently 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 Mirae Asset mutual fund to make a market-neutral strategy. Peer analysis of Mirae Asset could also be used in its relative valuation, which is a method of valuing Mirae Asset by comparing valuation metrics with similar companies.

Mirae Asset Discovery 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 Mirae Asset'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 Mirae Asset's current price.

Mirae Asset Market Strength Events

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

Mirae Asset Risk Indicators

The analysis of Mirae Asset'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 Mirae Asset's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Mirae Asset 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.

Mirae Asset Investors Sentiment

The influence of Mirae Asset's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Mirae. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
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 Mirae Asset 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, Mirae Asset's short interest history, or implied volatility extrapolated from Mirae Asset options trading.

Current Sentiment - MALGX

Mirae Asset Discovery Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in Mirae Asset Discovery. What is your trading attitude regarding investing in Mirae Asset Discovery? Are you bullish or bearish?
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Additionally, see Historical Fundamental Analysis of Mirae Asset to cross-verify your projections. Note that the Mirae Asset Discovery information on this page should be used as a complementary analysis to other Mirae Asset'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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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When running Mirae Asset Discovery price analysis, check to measure Mirae Asset'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 Mirae Asset is operating at the current time. Most of Mirae Asset's value examination focuses on studying past and present price action to predict the probability of Mirae Asset's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Mirae Asset's price. Additionally, you may evaluate how the addition of Mirae Asset to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Mirae Asset's value and its price as these two are different measures arrived at by different means. Investors typically determine Mirae Asset value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mirae Asset'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.