Elfun Diversified Mutual Fund Forecast - Simple Exponential Smoothing

ELDFX Fund  USD 22.00  0.08  0.36%   
The Simple Exponential Smoothing forecasted value of Elfun Diversified Fund on the next trading day is expected to be 22.00 with a mean absolute deviation of 0.07 and the sum of the absolute errors of 4.12. Elfun Mutual Fund Forecast is based on your current time horizon.
  
Elfun Diversified simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Elfun Diversified Fund are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Elfun Diversified prices get older.

Elfun Diversified Simple Exponential Smoothing Price Forecast For the 13th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Elfun Diversified Fund on the next trading day is expected to be 22.00 with a mean absolute deviation of 0.07, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.12.
Please note that although there have been many attempts to predict Elfun 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 Elfun Diversified's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Elfun Diversified Mutual Fund Forecast Pattern

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Elfun Diversified Forecasted Value

In the context of forecasting Elfun Diversified'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. Elfun Diversified's downside and upside margins for the forecasting period are 21.61 and 22.39, respectively. We have considered Elfun Diversified'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
22.00
22.00
Expected Value
22.39
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Elfun Diversified mutual fund data series using in forecasting. Note that when a statistical model is used to represent Elfun Diversified 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 Criteria111.3749
BiasArithmetic mean of the errors -0.008
MADMean absolute deviation0.0687
MAPEMean absolute percentage error0.0032
SAESum of the absolute errors4.12
This simple exponential smoothing model begins by setting Elfun Diversified Fund forecast for the second period equal to the observation of the first period. In other words, recent Elfun Diversified observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Elfun Diversified

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elfun Diversified. 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
21.6922.0822.47
Details
Intrinsic
Valuation
LowRealHigh
21.6122.0022.39
Details
Bollinger
Band Projection (param)
LowMiddleHigh
21.3821.7722.17
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Elfun Diversified. Your research has to be compared to or analyzed against Elfun Diversified's peers to derive any actionable benefits. When done correctly, Elfun Diversified's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Elfun Diversified.

Other Forecasting Options for Elfun Diversified

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

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

Elfun Diversified 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 Elfun Diversified'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 Elfun Diversified's current price.

Elfun Diversified Market Strength Events

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

Elfun Diversified Risk Indicators

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

Elfun Diversified financial ratios help investors to determine whether Elfun 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 Elfun with respect to the benefits of owning Elfun Diversified security.
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