Maj Invest Fund Forecast - Naive Prediction

MAJDKO Fund  DKK 101.45  0.15  0.15%   
The Naive Prediction forecasted value of Maj Invest on the next trading day is expected to be 101.61 with a mean absolute deviation of 0.16 and the sum of the absolute errors of 9.81. Maj Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Maj Invest stock prices and determine the direction of Maj Invest 's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Maj Invest's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A naive forecasting model for Maj Invest is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Maj Invest value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Maj Invest Naive Prediction Price Forecast For the 13th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of Maj Invest on the next trading day is expected to be 101.61 with a mean absolute deviation of 0.16, mean absolute percentage error of 0.04, and the sum of the absolute errors of 9.81.
Please note that although there have been many attempts to predict Maj 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 Maj Invest's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Maj Invest Fund Forecast Pattern

Maj Invest Forecasted Value

In the context of forecasting Maj Invest'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. Maj Invest's downside and upside margins for the forecasting period are 101.43 and 101.79, respectively. We have considered Maj Invest'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
101.45
101.43
Downside
101.61
Expected Value
101.79
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Maj Invest fund data series using in forecasting. Note that when a statistical model is used to represent Maj Invest 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 Criteria116.6999
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1582
MAPEMean absolute percentage error0.0016
SAESum of the absolute errors9.8097
This model is not at all useful as a medium-long range forecasting tool of Maj Invest . This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Maj Invest. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Maj Invest

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Maj Invest. 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.
Hype
Prediction
LowEstimatedHigh
101.27101.45101.63
Details
Intrinsic
Valuation
LowRealHigh
92.9393.11111.60
Details
Bollinger
Band Projection (param)
LowMiddleHigh
100.17100.97101.76
Details

Other Forecasting Options for Maj Invest

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

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

Maj Invest 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 Maj Invest'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 Maj Invest's current price.

Maj Invest Market Strength Events

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

Maj Invest Risk Indicators

The analysis of Maj Invest'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 Maj Invest's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting maj 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.

Pair Trading with Maj Invest

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Maj Invest position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Maj Invest will appreciate offsetting losses from the drop in the long position's value.

Moving together with Maj Fund

  0.9JYIKOB Jyske Invest KortePairCorr
  0.8JYIVIRK Jyske Invest VirksomPairCorr
  0.97JYIHRV Jyske Invest HjtPairCorr
The ability to find closely correlated positions to Maj Invest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Maj Invest when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Maj Invest - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Maj Invest to buy it.
The correlation of Maj Invest is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Maj Invest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Maj Invest moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Maj Invest can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Maj Fund

Maj Invest financial ratios help investors to determine whether Maj 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 Maj with respect to the benefits of owning Maj Invest security.
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