Praxis Growth Mutual Fund Forecast - Simple Moving Average

MMDEX Fund  USD 51.23  0.30  0.58%   
The Simple Moving Average forecasted value of Praxis Growth Index on the next trading day is expected to be 51.38 with a mean absolute deviation of 0.35 and the sum of the absolute errors of 20.87. Praxis Mutual Fund Forecast is based on your current time horizon.
  
A two period moving average forecast for Praxis Growth 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.

Praxis Growth Simple Moving Average Price Forecast For the 13th of December 2024

Given 90 days horizon, the Simple Moving Average forecasted value of Praxis Growth Index on the next trading day is expected to be 51.38 with a mean absolute deviation of 0.35, mean absolute percentage error of 0.24, and the sum of the absolute errors of 20.87.
Please note that although there have been many attempts to predict Praxis 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 Praxis Growth's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Praxis Growth Mutual Fund Forecast Pattern

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Praxis Growth Forecasted Value

In the context of forecasting Praxis Growth'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. Praxis Growth's downside and upside margins for the forecasting period are 50.48 and 52.28, respectively. We have considered Praxis Growth'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
51.23
51.38
Expected Value
52.28
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 Praxis Growth mutual fund data series using in forecasting. Note that when a statistical model is used to represent Praxis Growth 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 Criteria113.0105
BiasArithmetic mean of the errors -0.1184
MADMean absolute deviation0.3538
MAPEMean absolute percentage error0.0073
SAESum of the absolute errors20.875
The simple moving average model is conceptually a linear regression of the current value of Praxis Growth Index price series against current and previous (unobserved) value of Praxis Growth. 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 Praxis Growth

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Praxis Growth Index. 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Praxis Growth's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
50.5451.4452.34
Details
Intrinsic
Valuation
LowRealHigh
46.3855.3356.23
Details
Bollinger
Band Projection (param)
LowMiddleHigh
46.9149.0751.23
Details

Other Forecasting Options for Praxis Growth

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

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

Praxis Growth Index 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 Praxis Growth'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 Praxis Growth's current price.

Praxis Growth Market Strength Events

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

Praxis Growth Risk Indicators

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

Praxis Growth financial ratios help investors to determine whether Praxis 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 Praxis with respect to the benefits of owning Praxis Growth security.
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