Parnassus Equity Mutual Fund Forecast - Naive Prediction

A naive forecasting model for Parnassus Equity is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Parnassus Equity Incme 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.

Parnassus Equity Naive Prediction Price Forecast For the 20th of April

Given 90 days horizon, the Naive Prediction forecasted value of Parnassus Equity Incme on the next trading day is expected to be 56.59 with a mean absolute deviation of 0.27, mean absolute percentage error of 0.11, and the sum of the absolute errors of 16.28.

Parnassus Equity Mutual Fund Forecast Pattern

Backtest Parnassus Equity

Parnassus Equity Price Prediction

Buy or Sell Advice

Parnassus Equity Forecasted Value

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 Parnassus Equity mutual fund data series using in forecasting. Note that when a statistical model is used to represent Parnassus Equity 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 model is not at all useful as a medium-long range forecasting tool of Parnassus Equity Incme. 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 Parnassus Equity. 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 Parnassus Equity

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Parnassus Equity E. 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 56.72 57.46 58.20 Details

Intrinsic Valuation Low Real High 56.96 57.70 58.44 Details

Bollinger Band Projection (param) Low Middle High 57.34 57.53 57.72 Details

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

Other Forecasting Options for Parnassus Equity

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

Parnassus Equity Related Equities

Risk & Return

Correlation

Parnassus Equity E 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 Parnassus Equity'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 Parnassus Equity's current price.

Parnassus Equity Market Strength Events

Parnassus Equity Risk Indicators

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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Parnassus Equity E 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.

Financial Analysis Details

Buy or Sell Advice Details

Technical Analysis Details

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