MainStay Conservative Mutual Fund Forecast - Polynomial Regression

MainStay Conservative polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for MainStay Conservative ETF as well as the accuracy indicators are determined from the period prices.

MainStay Conservative Polynomial Regression Price Forecast For the 30th of May

Given 90 days horizon, the Polynomial Regression forecasted value of MainStay Conservative ETF on the next trading day is expected to be 9.82 with a mean absolute deviation of 0.035021, mean absolute percentage error of 0.001889, and the sum of the absolute errors of 2.14.

MainStay Conservative Mutual Fund Forecast Pattern

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MainStay Conservative Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of MainStay Conservative mutual fund data series using in forecasting. Note that when a statistical model is used to represent MainStay Conservative 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. A single variable polynomial regression model attempts to put a curve through the MainStay Conservative historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a₀ + a₁*X + a₂*X² + a₃*X³ + ... + a_m*X^m

Predictive Modules for MainStay Conservative

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MainStay Conservative ETF. 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.

Hype Prediction Low Estimated High 9.52 9.89 10.26 Details

Intrinsic Valuation Low Real High 9.53 9.90 10.27 Details

Bollinger Band Projection (param) Low Middle High 9.86 9.93 10.01 Details

Other Forecasting Options for MainStay Conservative

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

MainStay Conservative Related Equities

Risk & Return

Correlation

MainStay Conservative ETF 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 MainStay Conservative'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 MainStay Conservative's current price.

MainStay Conservative Risk Indicators

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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as MainStay Conservative ETF using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please note, there is a significant difference between MainStay Conservative's value and its price as these two are different measures arrived at by different means. Investors typically determine if MainStay Conservative is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MainStay Conservative'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. Check out Historical Fundamental Analysis of MainStay Conservative to cross-verify your projections. $(function(){ //alert('MNEAX'); displaySymbolSentimentChart('MNEAX','sentimentChart'); });