Kinetics Internet Mutual Fund Forecast - Double Exponential Smoothing

KINAX Fund  USD 105.52  4.24  4.19%   
The Double Exponential Smoothing forecasted value of Kinetics Internet Fund on the next trading day is expected to be 106.45 with a mean absolute deviation of 1.36 and the sum of the absolute errors of 80.17. Kinetics Mutual Fund Forecast is based on your current time horizon.
  
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 Kinetics Internet works best with periods where there are trends or seasonality.

Kinetics Internet Double Exponential Smoothing Price Forecast For the 30th of November

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Kinetics Internet Fund on the next trading day is expected to be 106.45 with a mean absolute deviation of 1.36, mean absolute percentage error of 3.69, and the sum of the absolute errors of 80.17.
Please note that although there have been many attempts to predict Kinetics Mutual 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 Kinetics Internet's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Kinetics Internet Mutual Fund Forecast Pattern

Backtest Kinetics InternetKinetics Internet Price PredictionBuy or Sell Advice 

Kinetics Internet Forecasted Value

In the context of forecasting Kinetics Internet's Mutual 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. Kinetics Internet's downside and upside margins for the forecasting period are 104.48 and 108.41, respectively. We have considered Kinetics Internet'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
105.52
104.48
Downside
106.45
Expected Value
108.41
Upside

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 Kinetics Internet mutual fund data series using in forecasting. Note that when a statistical model is used to represent Kinetics Internet 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.
AICAkaike Information CriteriaHuge
BiasArithmetic mean of the errors -0.3395
MADMean absolute deviation1.3589
MAPEMean absolute percentage error0.0159
SAESum of the absolute errors80.1727
When Kinetics Internet Fund 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 Kinetics Internet Fund 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 Kinetics Internet observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Kinetics Internet

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kinetics Internet. 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
LowEstimatedHigh
103.56105.52107.48
Details
Intrinsic
Valuation
LowRealHigh
94.97109.74111.70
Details
Bollinger
Band Projection (param)
LowMiddleHigh
77.5294.55111.58
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Kinetics Internet. Your research has to be compared to or analyzed against Kinetics Internet's peers to derive any actionable benefits. When done correctly, Kinetics Internet'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 Kinetics Internet.

Other Forecasting Options for Kinetics Internet

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

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

Kinetics Internet 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 Kinetics Internet'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 Kinetics Internet's current price.

Kinetics Internet Market Strength Events

Market strength indicators help investors to evaluate how Kinetics Internet mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Kinetics Internet shares will generate the highest return on investment. By undertsting and applying Kinetics Internet mutual fund market strength indicators, traders can identify Kinetics Internet Fund entry and exit signals to maximize returns.

Kinetics Internet Risk Indicators

The analysis of Kinetics Internet'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 Kinetics Internet's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting kinetics mutual 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.

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 Kinetics Mutual Fund

Kinetics Internet financial ratios help investors to determine whether Kinetics Mutual 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 Kinetics with respect to the benefits of owning Kinetics Internet security.
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