STEWARD SMALL-MID Mutual Fund Forecast - Naive Prediction

TRDFX Fund  USD 12.11  0.08  0.66%   
STEWARD Mutual Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast STEWARD SMALL-MID historical stock prices and determine the direction of STEWARD SMALL-MID CAP'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 STEWARD SMALL-MID historical fundamentals such as revenue growth or operating cash flow patterns.
Additionally, take a look at Historical Fundamental Analysis of STEWARD SMALL-MID to cross-verify your projections.
  
Most investors in STEWARD SMALL-MID 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 STEWARD SMALL-MID's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets STEWARD SMALL-MID's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for STEWARD SMALL-MID is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of STEWARD SMALL-MID CAP 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.

STEWARD SMALL-MID Naive Prediction Price Forecast For the 6th of February

Given 90 days horizon, the Naive Prediction forecasted value of STEWARD SMALL-MID CAP on the next trading day is expected to be 12.07 with a mean absolute deviation of 0.28, mean absolute percentage error of 0.32, and the sum of the absolute errors of 17.23.
Please note that although there have been many attempts to predict STEWARD 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 STEWARD SMALL-MID's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

STEWARD SMALL-MID Mutual Fund Forecast Pattern

Backtest STEWARD SMALL-MIDSTEWARD SMALL-MID Price PredictionBuy or Sell Advice 

STEWARD SMALL-MID Forecasted Value

In the context of forecasting STEWARD SMALL-MID's 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. STEWARD SMALL-MID's downside and upside margins for the forecasting period are 7.26 and 16.88, respectively. We have considered STEWARD SMALL-MID's 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 12.11
12.07
Expected Value
16.88
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 STEWARD SMALL-MID mutual fund data series using in forecasting. Note that when a statistical model is used to represent STEWARD SMALL-MID 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 Criteria116.9608
BiasArithmetic mean of the errors None
MADMean absolute deviation0.2824
MAPEMean absolute percentage error0.0237
SAESum of the absolute errors17.2265
This model is not at all useful as a medium-long range forecasting tool of STEWARD SMALL-MID CAP. 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 STEWARD SMALL-MID. 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 STEWARD SMALL-MID

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as STEWARD SMALL-MID CAP. 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 STEWARD SMALL-MID's 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 STEWARD SMALL-MID in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
7.3012.1116.92
Details
Intrinsic
Valuation
LowReal ValueHigh
7.0811.8916.70
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.0612.1412.21
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as STEWARD SMALL-MID. Your research has to be compared to or analyzed against STEWARD SMALL-MID's peers to derive any actionable benefits. When done correctly, STEWARD SMALL-MID's 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 STEWARD SMALL-MID CAP.

Other Forecasting Options for STEWARD SMALL-MID

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

STEWARD SMALL-MID 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 STEWARD SMALL-MID mutual fund to make a market-neutral strategy. Peer analysis of STEWARD SMALL-MID could also be used in its relative valuation, which is a method of valuing STEWARD SMALL-MID by comparing valuation metrics with similar companies.
STEWARD SMALL-MID CAPSTEWARD SMALL-MID CAPSTEWARD SMALL-MID CAPFRANKLIN LOW DURATIONCHKFXVOYA GLOBAL EQUITYLEGG MASON BWPRUDENTIAL JENNISONAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroupSentinelOneCVS Health Corp
 Risk & Return  Correlation

STEWARD SMALL-MID CAP 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 STEWARD SMALL-MID'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 STEWARD SMALL-MID's current price.

STEWARD SMALL-MID Risk Indicators

The analysis of STEWARD SMALL-MID's 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 STEWARD SMALL-MID's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting STEWARD SMALL-MID 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 STEWARD SMALL-MID 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 STEWARD SMALL-MID to cross-verify your projections. Note that the STEWARD SMALL-MID CAP information on this page should be used as a complementary analysis to other STEWARD SMALL-MID's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Complementary Tools for STEWARD Mutual Fund analysis

When running STEWARD SMALL-MID CAP price analysis, check to measure STEWARD SMALL-MID's 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 STEWARD SMALL-MID is operating at the current time. Most of STEWARD SMALL-MID's value examination focuses on studying past and present price action to predict the probability of STEWARD SMALL-MID's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move STEWARD SMALL-MID's price. Additionally, you may evaluate how the addition of STEWARD SMALL-MID to your portfolios can decrease your overall portfolio volatility.
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Please note, there is a significant difference between STEWARD SMALL-MID's value and its price as these two are different measures arrived at by different means. Investors typically determine STEWARD SMALL-MID value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, STEWARD SMALL-MID'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.