Voya Midcap Mutual Fund Forecast - Double Exponential Smoothing

Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Voya Midcap works best with periods where there are trends or seasonality.

Voya Midcap Double Exponential Smoothing Price Forecast For the 16th of December 2024

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Voya Midcap Opportunities on the next trading day is expected to be 27.14 with a mean absolute deviation of 0.28, mean absolute percentage error of 0.22, and the sum of the absolute errors of 16.53.

Voya Midcap Mutual Fund Forecast Pattern

Backtest Voya Midcap

Voya Midcap Price Prediction

Buy or Sell Advice

Voya Midcap Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Voya Midcap mutual fund data series using in forecasting. Note that when a statistical model is used to represent Voya Midcap mutual 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. When Voya Midcap Opportunities prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any Voya Midcap Opportunities trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Voya Midcap observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Voya Midcap

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Voya Midcap Opportunities. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual 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 25.71 27.26 28.81 Details

Intrinsic Valuation Low Real High 26.00 27.55 29.10 Details

Bollinger Band Projection (param) Low Middle High 26.72 29.09 31.45 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Voya Midcap. Your research has to be compared to or analyzed against Voya Midcap's peers to derive any actionable benefits. When done correctly, Voya Midcap's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Voya Midcap Opportunities.

Other Forecasting Options for Voya Midcap

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

Voya Midcap Related Equities

Risk & Return

Correlation

Voya Midcap Opportunities Technical and Predictive Analytics

The mutual fund market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Voya Midcap'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 Voya Midcap's current price.

Voya Midcap Market Strength Events

Voya Midcap Risk Indicators

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Voya Mutual Fund