Coronation Equity Fund Forecast - Simple Moving Average

0P0000ZVKQ   290.70  2.69  0.93%   
The Simple Moving Average forecasted value of Coronation Equity on the next trading day is expected to be 290.70 with a mean absolute deviation of 1.65 and the sum of the absolute errors of 97.10. Investors can use prediction functions to forecast Coronation Equity's fund prices and determine the direction of Coronation Equity's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading.
  
A two period moving average forecast for Coronation Equity is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.

Coronation Equity Simple Moving Average Price Forecast For the 17th of December 2024

Given 90 days horizon, the Simple Moving Average forecasted value of Coronation Equity on the next trading day is expected to be 290.70 with a mean absolute deviation of 1.65, mean absolute percentage error of 4.47, and the sum of the absolute errors of 97.10.
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 Equity's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Coronation Equity Fund Forecast Pattern

Coronation Equity Forecasted Value

In the context of forecasting Coronation Equity'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 Equity's downside and upside margins for the forecasting period are 290.09 and 291.31, respectively. We have considered Coronation Equity'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
290.70
290.09
Downside
290.70
Expected Value
291.31
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Coronation Equity fund data series using in forecasting. Note that when a statistical model is used to represent Coronation Equity 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 Criteria115.9312
BiasArithmetic mean of the errors -0.9369
MADMean absolute deviation1.6457
MAPEMean absolute percentage error0.0061
SAESum of the absolute errors97.095
The simple moving average model is conceptually a linear regression of the current value of Coronation Equity price series against current and previous (unobserved) value of Coronation Equity. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future

Predictive Modules for Coronation Equity

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 Equity. 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 Equity

For every potential investor in Coronation, whether a beginner or expert, Coronation Equity'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 Equity's price trends.

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

Coronation Equity 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 Equity'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 Equity's current price.

Coronation Equity Market Strength Events

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

Coronation Equity Risk Indicators

The analysis of Coronation Equity'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 Equity'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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