Coronation Balanced Fund Forecast - 20 Period Moving Average

0P0000IR5L   164.55  1.25  0.77%   
The 20 Period Moving Average forecasted value of Coronation Balanced Plus on the next trading day is expected to be 162.52 with a mean absolute deviation of 1.84 and the sum of the absolute errors of 77.19. Investors can use prediction functions to forecast Coronation Balanced's fund prices and determine the direction of Coronation Balanced Plus's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading.
  
A commonly used 20-period moving average forecast model for Coronation Balanced Plus is based on a synthetically constructed Coronation Balanceddaily 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.

Coronation Balanced 20 Period Moving Average Price Forecast For the 15th of December 2024

Given 90 days horizon, the 20 Period Moving Average forecasted value of Coronation Balanced Plus on the next trading day is expected to be 162.52 with a mean absolute deviation of 1.84, mean absolute percentage error of 4.97, and the sum of the absolute errors of 77.19.
Please note that although there have been many attempts to predict Coronation 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 Coronation Balanced's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Coronation Balanced Fund Forecast Pattern

Coronation Balanced Forecasted Value

In the context of forecasting Coronation Balanced's 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. Coronation Balanced's downside and upside margins for the forecasting period are 162.02 and 163.02, respectively. We have considered Coronation Balanced'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
164.55
162.02
Downside
162.52
Expected Value
163.02
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 Coronation Balanced fund data series using in forecasting. Note that when a statistical model is used to represent Coronation Balanced 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 Criteria84.7936
BiasArithmetic mean of the errors -1.698
MADMean absolute deviation1.8378
MAPEMean absolute percentage error0.0114
SAESum of the absolute errors77.1865
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. Coronation Balanced Plus 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Coronation Balanced

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Coronation Balanced Plus. Regardless of method or technology, however, to accurately forecast the fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the 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.

Other Forecasting Options for Coronation Balanced

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

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

Coronation Balanced Plus Technical and Predictive Analytics

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

Coronation Balanced Market Strength Events

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

Coronation Balanced Risk Indicators

The analysis of Coronation Balanced'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 Coronation Balanced's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting coronation 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.

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