New Perspective Mutual Fund Forecast - 20 Period Moving Average

RNPEX Fund  USD 66.20  0.43  0.65%   
The 20 Period Moving Average forecasted value of New Perspective Fund on the next trading day is expected to be 65.16 with a mean absolute deviation of 0.70 and the sum of the absolute errors of 29.29. New Mutual Fund Forecast is based on your current time horizon.
  
A commonly used 20-period moving average forecast model for New Perspective Fund is based on a synthetically constructed New Perspectivedaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

New Perspective 20 Period Moving Average Price Forecast For the 14th of December 2024

Given 90 days horizon, the 20 Period Moving Average forecasted value of New Perspective Fund on the next trading day is expected to be 65.16 with a mean absolute deviation of 0.70, mean absolute percentage error of 0.74, and the sum of the absolute errors of 29.29.
Please note that although there have been many attempts to predict New 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 New Perspective's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

New Perspective Mutual Fund Forecast Pattern

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New Perspective Forecasted Value

In the context of forecasting New Perspective'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. New Perspective's downside and upside margins for the forecasting period are 64.49 and 65.84, respectively. We have considered New Perspective'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
66.20
65.16
Expected Value
65.84
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of New Perspective mutual fund data series using in forecasting. Note that when a statistical model is used to represent New Perspective 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 Criteria82.89
BiasArithmetic mean of the errors -0.2865
MADMean absolute deviation0.6974
MAPEMean absolute percentage error0.0107
SAESum of the absolute errors29.2895
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. New Perspective 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for New Perspective

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as New Perspective. 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 New Perspective'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
65.5266.2066.88
Details
Intrinsic
Valuation
LowRealHigh
65.1565.8366.51
Details

Other Forecasting Options for New Perspective

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

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

New Perspective 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 New Perspective'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 New Perspective's current price.

New Perspective Market Strength Events

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

New Perspective Risk Indicators

The analysis of New Perspective'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 New Perspective's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting new 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 New Mutual Fund

New Perspective financial ratios help investors to determine whether New 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 New with respect to the benefits of owning New Perspective security.
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