MFS Value Mutual Fund Forecast - Polynomial Regression

MV
MEIKX -- USA Fund  

USD 38.27  0.21  0.55%

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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MFS Value polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for MFS Value Fund as well as the accuracy indicators are determined from the period prices.

MFS Value Polynomial Regression Price Forecast For the 5th of July

Given 30 days horizon, the forecasted value of MFS Value Fund on the next trading day is expected to be  36.97  with a mean absolute deviation of  0.78 , mean absolute percentage error of  0.95 , and the sum of the absolute errors of  47.39 
 36.97 

MFS Value Mutual Fund Forecast Pattern

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MFS Value Forecasted Value

Market Value
38.27
4th of July 2020
36.97
Expected Value
39.30
Upside

Model Predictive Factors

AICAkaike Information Criteria118.0559
BiasArithmetic mean of the errors None
MADMean absolute deviation0.7768
MAPEMean absolute percentage error0.0207
SAESum of the absolute errors47.3868
A single variable polynomial regression model attempts to put a curve through the MFS Value historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

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.
Hype
Prediction
LowEstimated ValueHigh
35.9338.2740.61
Details
Intrinsic
Valuation
LowReal ValueHigh
36.9439.2841.62
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
36.3038.4540.60
Details

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?
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2% Bearish
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Additionally, see Historical Fundamental Analysis of MFS Value to cross-verify your projections. Please also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of macroaxis ideas.
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