Nasdaq 100 Mutual Fund Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Nasdaq 100 - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Nasdaq 100 prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any trend in Nasdaq 100 price movement. However, neither of these exponential smoothing models address any seasonality of Nasdaq 100 Index.

Nasdaq 100 Triple Exponential Smoothing Price Forecast For the 19th of April

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Nasdaq 100 Index Fund on the next trading day is expected to be 33.47 with a mean absolute deviation of 0.28, mean absolute percentage error of 0.13, and the sum of the absolute errors of 16.56.

Nasdaq 100 Mutual Fund Forecast Pattern

Backtest Nasdaq 100

Nasdaq 100 Price Prediction

Buy or Sell Advice

Nasdaq 100 Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Nasdaq 100 mutual fund data series using in forecasting. Note that when a statistical model is used to represent Nasdaq 100 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. As with simple exponential smoothing, in triple exponential smoothing models past Nasdaq 100 observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Nasdaq 100 Index Fund observations.

Predictive Modules for Nasdaq 100

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nasdaq 100 Index. 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.

Hype Prediction Low Estimated High 32.47 33.48 34.49 Details

Intrinsic Valuation Low Real High 32.63 33.64 34.65 Details

Bollinger Band Projection (param) Low Middle High 33.24 33.75 34.26 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nasdaq 100. Your research has to be compared to or analyzed against Nasdaq 100's peers to derive any actionable benefits. When done correctly, Nasdaq 100'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 Nasdaq 100 Index.

Other Forecasting Options for Nasdaq 100

For every potential investor in Nasdaq, whether a beginner or expert, Nasdaq 100's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nasdaq Mutual Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nasdaq. Basic forecasting techniques help filter out the noise by identifying Nasdaq 100's price trends.

Nasdaq 100 Related Equities

Risk & Return

Correlation

Nasdaq 100 Index 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 Nasdaq 100'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 Nasdaq 100's current price.

Nasdaq 100 Market Strength Events

Nasdaq 100 Risk Indicators

Financial Analysis Details

Buy or Sell Advice Details

Technical Analysis Details

Please note, there is a significant difference between Nasdaq 100's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nasdaq 100 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nasdaq 100'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.