Guggenheim Styleplus Mutual Fund Forecast - Naive Prediction

SFEPX
 Fund
  

USD 20.84  0.56  2.62%   

Guggenheim Mutual Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Guggenheim Styleplus historical stock prices and determine the direction of Guggenheim Styleplus -'s future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Guggenheim Styleplus historical fundamentals such as revenue growth or operating cash flow patterns.
Additionally, take a look at Historical Fundamental Analysis of Guggenheim Styleplus to cross-verify your projections.
  
Most investors in Guggenheim Styleplus cannot accurately predict what will happen the next trading day because, historically, stock 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 Guggenheim Styleplus' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Guggenheim Styleplus' price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Guggenheim Styleplus is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Guggenheim Styleplus - 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.

Guggenheim Styleplus Naive Prediction Price Forecast For the 5th of October

Given 90 days horizon, the Naive Prediction forecasted value of Guggenheim Styleplus - on the next trading day is expected to be 20.36 with a mean absolute deviation of 0.29, mean absolute percentage error of 0.13, and the sum of the absolute errors of 17.74.
Please note that although there have been many attempts to predict Guggenheim 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 Guggenheim Styleplus' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Guggenheim Styleplus Mutual Fund Forecast Pattern

Backtest Guggenheim StyleplusGuggenheim Styleplus Price PredictionBuy or Sell Advice 

Guggenheim Styleplus Forecasted Value

In the context of forecasting Guggenheim Styleplus' 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. Guggenheim Styleplus' downside and upside margins for the forecasting period are 18.95 and 21.76, respectively. We have considered Guggenheim Styleplus' 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 20.84
20.36
Expected Value
21.76
Upside

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 Guggenheim Styleplus mutual fund data series using in forecasting. Note that when a statistical model is used to represent Guggenheim Styleplus 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 Criteria117.8702
BiasArithmetic mean of the errors None
MADMean absolute deviation0.2862
MAPEMean absolute percentage error0.0123
SAESum of the absolute errors17.7427
This model is not at all useful as a medium-long range forecasting tool of Guggenheim Styleplus -. 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 Guggenheim Styleplus. 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 Guggenheim Styleplus

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Guggenheim Styleplus. 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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Guggenheim Styleplus' 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. Please use the tools below to analyze the current value of Guggenheim Styleplus in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
19.4920.8422.19
Details
Intrinsic
Valuation
LowReal ValueHigh
20.0421.3922.74
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
20.8022.9525.10
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Guggenheim Styleplus. Your research has to be compared to or analyzed against Guggenheim Styleplus' peers to derive any actionable benefits. When done correctly, Guggenheim Styleplus' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Guggenheim Styleplus.

Other Forecasting Options for Guggenheim Styleplus

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

Guggenheim Styleplus 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 Guggenheim Styleplus mutual fund to make a market-neutral strategy. Peer analysis of Guggenheim Styleplus could also be used in its relative valuation, which is a method of valuing Guggenheim Styleplus by comparing valuation metrics with similar companies.
Walt DisneyAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroupSentinelone IncCVS CorpChevron CorpHome DepotInternational BusinessIntel CorpMetlifeATT IncTarget Corp
 Risk & Return  Correlation

Guggenheim Styleplus 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 Guggenheim Styleplus' 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 Guggenheim Styleplus' current price.

Guggenheim Styleplus Risk Indicators

The analysis of Guggenheim Styleplus' basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Guggenheim Styleplus' investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Guggenheim Styleplus stock price, 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 stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Guggenheim Styleplus without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Equity Analysis Now

   

Equity Analysis

Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
All  Next Launch Module

Currently Active Assets on Macroaxis

Additionally, take a look at Historical Fundamental Analysis of Guggenheim Styleplus to cross-verify your projections. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Complementary Tools for analysis

When running Guggenheim Styleplus price analysis, check to measure Guggenheim Styleplus' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Guggenheim Styleplus is operating at the current time. Most of Guggenheim Styleplus' value examination focuses on studying past and present price action to predict the probability of Guggenheim Styleplus' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Guggenheim Styleplus' price. Additionally, you may evaluate how the addition of Guggenheim Styleplus to your portfolios can decrease your overall portfolio volatility.
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Global Correlations
Find global opportunities by holding instruments from different markets
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Global Correlations
Find global opportunities by holding instruments from different markets
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
Stock Screener
Find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Go
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go
Please note, there is a significant difference between Guggenheim Styleplus' value and its price as these two are different measures arrived at by different means. Investors typically determine Guggenheim Styleplus value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guggenheim Styleplus' 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.