Ssga Sp Mutual Fund Forecast - Triple Exponential Smoothing

SVSPX Fund  USD 264.21  2.90  1.11%   
The Triple Exponential Smoothing forecasted value of Ssga Sp 500 on the next trading day is expected to be 264.26 with a mean absolute deviation of 1.80 and the sum of the absolute errors of 106.14. Ssga Mutual Fund Forecast is based on your current time horizon.
  
Triple exponential smoothing for Ssga Sp - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Ssga Sp 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 trend in Ssga Sp price movement. However, neither of these exponential smoothing models address any seasonality of Ssga Sp 500.

Ssga Sp Triple Exponential Smoothing Price Forecast For the 26th of December

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Ssga Sp 500 on the next trading day is expected to be 264.26 with a mean absolute deviation of 1.80, mean absolute percentage error of 11.15, and the sum of the absolute errors of 106.14.
Please note that although there have been many attempts to predict Ssga 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 Ssga Sp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Ssga Sp Mutual Fund Forecast Pattern

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Ssga Sp Forecasted Value

In the context of forecasting Ssga Sp'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. Ssga Sp's downside and upside margins for the forecasting period are 263.09 and 265.43, respectively. We have considered Ssga Sp'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
264.21
263.09
Downside
264.26
Expected Value
265.43
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Ssga Sp mutual fund data series using in forecasting. Note that when a statistical model is used to represent Ssga Sp 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 0.1674
MADMean absolute deviation1.799
MAPEMean absolute percentage error0.0065
SAESum of the absolute errors106.1432
As with simple exponential smoothing, in triple exponential smoothing models past Ssga Sp observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Ssga Sp 500 observations.

Predictive Modules for Ssga Sp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ssga Sp 500. 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
263.04264.21265.38
Details
Intrinsic
Valuation
LowRealHigh
237.79266.88268.05
Details

Other Forecasting Options for Ssga Sp

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

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

Ssga Sp 500 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 Ssga Sp'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 Ssga Sp's current price.

Ssga Sp Market Strength Events

Market strength indicators help investors to evaluate how Ssga Sp 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 Ssga Sp shares will generate the highest return on investment. By undertsting and applying Ssga Sp mutual fund market strength indicators, traders can identify Ssga Sp 500 entry and exit signals to maximize returns.

Ssga Sp Risk Indicators

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

Ssga Sp financial ratios help investors to determine whether Ssga 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 Ssga with respect to the benefits of owning Ssga Sp security.
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