Great-west Conservative Mutual Fund Forecast - Polynomial Regression

MXKVX Fund  USD 10.17  0.02  0.20%   
The Polynomial Regression forecasted value of Great West Servative Profile on the next trading day is expected to be 10.22 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.48. Great-west Mutual Fund Forecast is based on your current time horizon.
  
Great-west Conservative polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Great West Servative Profile as well as the accuracy indicators are determined from the period prices.

Great-west Conservative Polynomial Regression Price Forecast For the 6th of December

Given 90 days horizon, the Polynomial Regression forecasted value of Great West Servative Profile on the next trading day is expected to be 10.22 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0009, and the sum of the absolute errors of 1.48.
Please note that although there have been many attempts to predict Great-west 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 Great-west Conservative's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Great-west Conservative Mutual Fund Forecast Pattern

Backtest Great-west ConservativeGreat-west Conservative Price PredictionBuy or Sell Advice 

Great-west Conservative Forecasted Value

In the context of forecasting Great-west Conservative'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. Great-west Conservative's downside and upside margins for the forecasting period are 9.97 and 10.47, respectively. We have considered Great-west Conservative'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
10.17
10.22
Expected Value
10.47
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Great-west Conservative mutual fund data series using in forecasting. Note that when a statistical model is used to represent Great-west Conservative 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 Criteria111.1154
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0242
MAPEMean absolute percentage error0.0024
SAESum of the absolute errors1.479
A single variable polynomial regression model attempts to put a curve through the Great-west Conservative historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Great-west Conservative

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Great-west Conservative. 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Great-west Conservative's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
9.9210.1710.42
Details
Intrinsic
Valuation
LowRealHigh
9.9010.1510.40
Details
Bollinger
Band Projection (param)
LowMiddleHigh
10.0710.1210.18
Details

Other Forecasting Options for Great-west Conservative

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

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

Great-west Conservative 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 Great-west Conservative'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 Great-west Conservative's current price.

Great-west Conservative Market Strength Events

Market strength indicators help investors to evaluate how Great-west Conservative 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 Great-west Conservative shares will generate the highest return on investment. By undertsting and applying Great-west Conservative mutual fund market strength indicators, traders can identify Great West Servative Profile entry and exit signals to maximize returns.

Great-west Conservative Risk Indicators

The analysis of Great-west Conservative'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 Great-west Conservative's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting great-west 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 Great-west Mutual Fund

Great-west Conservative financial ratios help investors to determine whether Great-west 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 Great-west with respect to the benefits of owning Great-west Conservative security.
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