Nationwide Fund Mutual Fund Forecast - Simple Exponential Smoothing

Nationwide Fund simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Nationwide Fund Class are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Nationwide Fund Class prices get older.

Nationwide Fund Simple Exponential Smoothing Price Forecast For the 19th of April

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Nationwide Fund Class on the next trading day is expected to be 31.03 with a mean absolute deviation of 0.19, mean absolute percentage error of 0.06, and the sum of the absolute errors of 11.25.

Nationwide Fund Mutual Fund Forecast Pattern

Backtest Nationwide Fund

Nationwide Fund Price Prediction

Buy or Sell Advice

Nationwide Fund Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Nationwide Fund mutual fund data series using in forecasting. Note that when a statistical model is used to represent Nationwide Fund 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. This simple exponential smoothing model begins by setting Nationwide Fund Class forecast for the second period equal to the observation of the first period. In other words, recent Nationwide Fund observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Nationwide Fund

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nationwide Fund Class. 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 30.29 31.06 31.83 Details

Intrinsic Valuation Low Real High 28.21 28.98 34.17 Details

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

Other Forecasting Options for Nationwide Fund

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

Nationwide Fund Related Equities

Risk & Return

Correlation

Nationwide Fund Class 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 Nationwide Fund'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 Nationwide Fund's current price.

Nationwide Fund Market Strength Events

Nationwide Fund Risk Indicators

Financial Analysis Details

Buy or Sell Advice Details

Technical Analysis Details

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