PHN Canadian Fund Forecast - 8 Period Moving Average

An 8-period moving average forecast model for PHN Canadian is based on an artificially constructed time series of PHN Canadian daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

PHN Canadian 8 Period Moving Average Price Forecast For the 30th of November

Given 90 days horizon, the 8 Period Moving Average forecasted value of PHN Canadian Equity on the next trading day is expected to be 22.58 with a mean absolute deviation of 0.21, mean absolute percentage error of 0.06, and the sum of the absolute errors of 11.23.

PHN Canadian Fund Forecast Pattern

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PHN Canadian Price Prediction

Buy or Sell Advice

PHN Canadian Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of PHN Canadian fund data series using in forecasting. Note that when a statistical model is used to represent PHN Canadian 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. The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. PHN Canadian Equity 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for PHN Canadian

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PHN Canadian Equity. 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 Low Estimated High 22.22 22.71 23.20 Details

Intrinsic Valuation Low Real High 20.44 24.75 25.24 Details

Other Forecasting Options for PHN Canadian

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

PHN Canadian Related Equities

Risk & Return

Correlation

PHN Canadian Equity 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 PHN Canadian'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 PHN Canadian's current price.

PHN Canadian Market Strength Events

PHN Canadian Risk Indicators

Pair Trading with PHN Canadian

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 PHN Canadian 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 PHN Canadian will appreciate offsetting losses from the drop in the long position's value.

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