PNC Multi Naive Prediction

PEWAX -- USA Fund  

USD 33.64  0.29  0.87%

Investors can use this prediction interface to forecast PNC Multi historic prices and determine the direction of PNC Multi Factor Large Cap Grow future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of PNC Multi historical fundamentals such as revenue growth or operating cash flow patterns. Additionally take a look at Historical Fundamental Analysis of PNC Multi to cross-verify your projections.
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Horizon     30 Days    Login   to change
A naive forecasting model for PNC Multi is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of PNC Multi Factor Large Cap Grow 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.
Given 30 days horizon, the value of PNC Multi Factor Large Cap Grow on the next trading day is expected to be 33.620995

PNC Multi Factor Prediction Pattern

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PNC Multi Forecasted Value

Market Value
33.64
December 16, 2019
33.62
Expected Value
38.78
Upside

Model Predictive Factors

AICAkaike Information Criteria116.6148
BiasArithmetic mean of the errors None
MADMean absolute deviation0.2762
MAPEMean absolute percentage error0.0082
SAESum of the absolute errors16.8492
This model is not at all useful as a medium-long range forecasting tool of PNC Multi Factor Large Cap Grow. This model really is a simplistic model, and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly. 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.

Volatility Measures

PNC Multi Risk Indicators

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