Sparinvest INDEX Fund Forecast - Naive Prediction
| SPIEUVKL | DKK 117.00 0.71 0.61% |
The Naive Prediction forecasted value of Sparinvest INDEX Europa on the next trading day is expected to be 116.51 with a mean absolute deviation of 0.60 and the sum of the absolute errors of 36.83. Sparinvest Fund Forecast is based on your current time horizon.
Sparinvest |
Most investors in Sparinvest INDEX cannot accurately predict what will happen the next trading day because, historically, fund 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 Sparinvest INDEX's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Sparinvest INDEX's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Sparinvest INDEX is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Sparinvest INDEX Europa 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. Sparinvest INDEX Naive Prediction Price Forecast For the 20th of June
Given 90 days horizon, the Naive Prediction forecasted value of Sparinvest INDEX Europa on the next trading day is expected to be 116.51 with a mean absolute deviation of 0.60, mean absolute percentage error of 0.50, and the sum of the absolute errors of 36.83.Please note that although there have been many attempts to predict Sparinvest 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 Sparinvest INDEX's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Sparinvest INDEX Fund Forecast Pattern
Sparinvest INDEX Forecasted Value
In the context of forecasting Sparinvest INDEX's 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. Sparinvest INDEX's downside and upside margins for the forecasting period are 115.86 and 117.15, respectively. We have considered Sparinvest INDEX'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.
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 Sparinvest INDEX fund data series using in forecasting. Note that when a statistical model is used to represent Sparinvest INDEX 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.| AIC | Akaike Information Criteria | 117.4229 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.6037 |
| MAPE | Mean absolute percentage error | 0.0052 |
| SAE | Sum of the absolute errors | 36.8267 |
Predictive Modules for Sparinvest INDEX
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sparinvest INDEX Europa. Regardless of method or technology, however, to accurately forecast the fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sparinvest INDEX'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.
Other Forecasting Options for Sparinvest INDEX
For every potential investor in Sparinvest, whether a beginner or expert, Sparinvest INDEX's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Sparinvest Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Sparinvest. Basic forecasting techniques help filter out the noise by identifying Sparinvest INDEX's price trends.Sparinvest INDEX 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 Sparinvest INDEX fund to make a market-neutral strategy. Peer analysis of Sparinvest INDEX could also be used in its relative valuation, which is a method of valuing Sparinvest INDEX by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sparinvest INDEX Europa Technical and Predictive Analytics
The fund market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Sparinvest INDEX'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 Sparinvest INDEX's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Sparinvest INDEX Market Strength Events
Market strength indicators help investors to evaluate how Sparinvest INDEX fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sparinvest INDEX shares will generate the highest return on investment. By undertsting and applying Sparinvest INDEX fund market strength indicators, traders can identify Sparinvest INDEX Europa entry and exit signals to maximize returns.
Sparinvest INDEX Risk Indicators
The analysis of Sparinvest INDEX's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Sparinvest INDEX's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sparinvest fund prices, 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.
| Mean Deviation | 0.4899 | |||
| Semi Deviation | 0.5953 | |||
| Standard Deviation | 0.64 | |||
| Variance | 0.4095 | |||
| Downside Variance | 0.5547 | |||
| Semi Variance | 0.3544 | |||
| Expected Short fall | (0.51) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Try AI Portfolio ArchitectOther Information on Investing in Sparinvest Fund
Sparinvest INDEX financial ratios help investors to determine whether Sparinvest Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sparinvest with respect to the benefits of owning Sparinvest INDEX security.
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