Nicholas Mutual Fund Forecast - Simple Regression

NCTWX Fund  USD 33.41  0.03  0.09%   
The Simple Regression forecasted value of Nicholas Ii Inc on the next trading day is expected to be 34.36 with a mean absolute deviation of  0.67  and the sum of the absolute errors of 41.39. Nicholas Mutual Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Nicholas stock prices and determine the direction of Nicholas Ii Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Nicholas' historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Nicholas to cross-verify your projections.
  
Most investors in Nicholas 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 Nicholas' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Nicholas' 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 Nicholas 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.

Nicholas Simple Regression Price Forecast For the 26th of April

Given 90 days horizon, the Simple Regression forecasted value of Nicholas Ii Inc on the next trading day is expected to be 34.36 with a mean absolute deviation of 0.67, mean absolute percentage error of 0.60, and the sum of the absolute errors of 41.39.
Please note that although there have been many attempts to predict Nicholas 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 Nicholas' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Nicholas Mutual Fund Forecast Pattern

Backtest NicholasNicholas Price PredictionBuy or Sell Advice 

Nicholas Forecasted Value

In the context of forecasting Nicholas' 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. Nicholas' downside and upside margins for the forecasting period are 33.54 and 35.18, respectively. We have considered Nicholas' 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
33.41
34.36
Expected Value
35.18
Upside

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 Nicholas mutual fund data series using in forecasting. Note that when a statistical model is used to represent Nicholas 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 Criteria119.4388
BiasArithmetic mean of the errors None
MADMean absolute deviation0.6676
MAPEMean absolute percentage error0.0196
SAESum of the absolute errors41.3911
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Nicholas Ii Inc historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Nicholas

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nicholas Ii. 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 Nicholas' 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.
Hype
Prediction
LowEstimatedHigh
32.6033.4134.22
Details
Intrinsic
Valuation
LowRealHigh
32.7733.5834.39
Details
Bollinger
Band Projection (param)
LowMiddleHigh
32.8233.2733.72
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nicholas. Your research has to be compared to or analyzed against Nicholas' peers to derive any actionable benefits. When done correctly, Nicholas' 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 Nicholas Ii.

Other Forecasting Options for Nicholas

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

Nicholas 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 Nicholas mutual fund to make a market-neutral strategy. Peer analysis of Nicholas could also be used in its relative valuation, which is a method of valuing Nicholas by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Nicholas Ii 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 Nicholas' 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 Nicholas' current price.

Nicholas Market Strength Events

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

Nicholas Risk Indicators

The analysis of Nicholas' 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 Nicholas' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nicholas 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.
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.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
Check out Historical Fundamental Analysis of Nicholas to cross-verify your projections.
You can also try the Stocks Directory module to find actively traded stocks across global markets.
Please note, there is a significant difference between Nicholas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nicholas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nicholas' 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.