TD Index Fund Forecast - Simple Regression

0P000071W8  CAD 149.66  0.71  0.48%   
The Simple Regression forecasted value of TD Index Fund on the next trading day is expected to be 150.37 with a mean absolute deviation of 1.13 and the sum of the absolute errors of 69.08. 0P000071W8 Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast TD Index stock prices and determine the direction of TD Index Fund's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of TD Index's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through TD Index price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

TD Index Simple Regression Price Forecast For the 2nd of December

Given 90 days horizon, the Simple Regression forecasted value of TD Index Fund on the next trading day is expected to be 150.37 with a mean absolute deviation of 1.13, mean absolute percentage error of 2.07, and the sum of the absolute errors of 69.08.
Please note that although there have been many attempts to predict 0P000071W8 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 TD Index's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

TD Index Fund Forecast Pattern

Backtest TD IndexTD Index Price PredictionBuy or Sell Advice 

TD Index Forecasted Value

In the context of forecasting TD 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. TD Index's downside and upside margins for the forecasting period are 149.63 and 151.12, respectively. We have considered TD 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.
Market Value
149.66
149.63
Downside
150.37
Expected Value
151.12
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of TD Index fund data series using in forecasting. Note that when a statistical model is used to represent TD 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.
AICAkaike Information Criteria118.8357
BiasArithmetic mean of the errors None
MADMean absolute deviation1.1324
MAPEMean absolute percentage error0.0081
SAESum of the absolute errors69.0782
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as TD Index Fund historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for TD 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 TD Index Fund. 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.
Hype
Prediction
LowEstimatedHigh
148.92149.66150.40
Details
Intrinsic
Valuation
LowRealHigh
134.69158.66159.40
Details
Bollinger
Band Projection (param)
LowMiddleHigh
145.56148.40151.25
Details

Other Forecasting Options for TD Index

For every potential investor in 0P000071W8, whether a beginner or expert, TD Index's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. 0P000071W8 Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in 0P000071W8. Basic forecasting techniques help filter out the noise by identifying TD Index's price trends.

TD 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 TD Index fund to make a market-neutral strategy. Peer analysis of TD Index could also be used in its relative valuation, which is a method of valuing TD Index by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

TD Index Fund 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 TD 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 TD Index's current price.

TD Index Market Strength Events

Market strength indicators help investors to evaluate how TD 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 TD Index shares will generate the highest return on investment. By undertsting and applying TD Index fund market strength indicators, traders can identify TD Index Fund entry and exit signals to maximize returns.

TD Index Risk Indicators

The analysis of TD 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 TD Index's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting 0p000071w8 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.
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.

Pair Trading with TD Index

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if TD Index position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in TD Index will appreciate offsetting losses from the drop in the long position's value.

Moving together with 0P000071W8 Fund

  0.980P0000OXA6 PHN Multi StylePairCorr
  0.980P000077P2 RBC DividendPairCorr
  0.970P0000716B Mawer Equity APairCorr
The ability to find closely correlated positions to TD Index could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TD Index when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TD Index - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TD Index Fund to buy it.
The correlation of TD Index is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TD Index moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TD Index Fund moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for TD Index can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in 0P000071W8 Fund

TD Index financial ratios help investors to determine whether 0P000071W8 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 0P000071W8 with respect to the benefits of owning TD Index security.
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