Nova Europe Fund Forecast - Polynomial Regression
| 0P00011MNK | EUR 212.25 3.07 1.47% |
The Polynomial Regression forecasted value of Nova Europe ISR on the next trading day is expected to be 214.59 with a mean absolute deviation of 1.46 and the sum of the absolute errors of 89.01. Nova Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Nova Europe stock prices and determine the direction of Nova Europe ISR's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Nova Europe's historical fundamentals, such as revenue growth or operating cash flow patterns.
Nova |
Nova Europe Polynomial Regression Price Forecast For the 22nd of December
Given 90 days horizon, the Polynomial Regression forecasted value of Nova Europe ISR on the next trading day is expected to be 214.59 with a mean absolute deviation of 1.46, mean absolute percentage error of 3.21, and the sum of the absolute errors of 89.01.Please note that although there have been many attempts to predict Nova 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 Nova Europe's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Nova Europe Fund Forecast Pattern
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Nova Europe Forecasted Value
In the context of forecasting Nova Europe'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. Nova Europe's downside and upside margins for the forecasting period are 213.99 and 215.19, respectively. We have considered Nova Europe'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.
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 Nova Europe fund data series using in forecasting. Note that when a statistical model is used to represent Nova Europe 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.| AIC | Akaike Information Criteria | 119.2753 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.4592 |
| MAPE | Mean absolute percentage error | 0.0067 |
| SAE | Sum of the absolute errors | 89.0111 |
Predictive Modules for Nova Europe
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nova Europe ISR. 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 Nova Europe
For every potential investor in Nova, whether a beginner or expert, Nova Europe's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nova Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nova. Basic forecasting techniques help filter out the noise by identifying Nova Europe's price trends.Nova Europe 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 Nova Europe fund to make a market-neutral strategy. Peer analysis of Nova Europe could also be used in its relative valuation, which is a method of valuing Nova Europe by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nova Europe ISR 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 Nova Europe'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 Nova Europe's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Nova Europe Market Strength Events
Market strength indicators help investors to evaluate how Nova Europe fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nova Europe shares will generate the highest return on investment. By undertsting and applying Nova Europe fund market strength indicators, traders can identify Nova Europe ISR entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 212.25 | |||
| Day Typical Price | 212.25 | |||
| Price Action Indicator | 1.53 | |||
| Period Momentum Indicator | 3.07 | |||
| Relative Strength Index | 41.22 |
Nova Europe Risk Indicators
The analysis of Nova Europe'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 Nova Europe's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nova 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.
| Mean Deviation | 0.4425 | |||
| Standard Deviation | 0.6059 | |||
| Variance | 0.3671 |
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.
Currently Active Assets on Macroaxis
Other Information on Investing in Nova Fund
Nova Europe financial ratios help investors to determine whether Nova 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 Nova with respect to the benefits of owning Nova Europe security.
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