MFS Value Mutual Fund Forecast - Double Exponential Smoothing

MEIKX -- USA Fund  

USD 38.52  0.64  1.69%

MFS Value Mutual Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast MFS Value historical stock prices and determine the direction of MFS Value Fund'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 MFS Value historical fundamentals such as revenue growth or operating cash flow patterns. Additionally, see Historical Fundamental Analysis of MFS Value to cross-verify your projections.

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Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for MFS Value works best with periods where there are trends or seasonality.

MFS Value Double Exponential Smoothing Price Forecast For the 14th of July 2020

Given 30 days horizon, the forecasted value of MFS Value Fund on the next trading day is expected to be  38.55  with a mean absolute deviation of  0.72 , mean absolute percentage error of  0.84 , and the sum of the absolute errors of  42.32 

MFS Value Mutual Fund Forecast Pattern

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MFS Value Forecasted Value

Market Value
13th of July 2020
Expected Value

Model Predictive Factors

AICAkaike Information CriteriaHuge
BiasArithmetic mean of the errors 0.134
MADMean absolute deviation0.7172
MAPEMean absolute percentage error0.0193
SAESum of the absolute errors42.3161
When MFS Value Fund 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 MFS Value Fund trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent MFS Value observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for MFS Value

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MFS Value Fund. Regardless of method or technology, however, to accurately forecast the stock 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.
LowEstimated ValueHigh
LowReal ValueHigh
Band Projection (param)
LowerMiddle BandUpper

Other Forecasting Options for MFS Value

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MFS Value Fund Technical and Predictive Analytics

Volatility Measures

MFS Value Risk Indicators

Current Sentiment - MEIKX

MFS Value Fund Investor Sentiment

Most of Macroaxis users are now bullish on MFS Value Fund. What is your trading attitude regarding investing in MFS Value Fund? Are you bullish or bearish?
98% Bullish
2% Bearish

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Additionally, see Historical Fundamental Analysis of MFS Value to cross-verify your projections. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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