Oberweis Emerging Mutual Fund Forecast - Polynomial Regression
| OBEMX Fund | USD 9.59 0.00 0.00% |
The Polynomial Regression forecasted value of Oberweis Emerging Markets on the next trading day is expected to be 8.77 with a mean absolute deviation of 0.47 and the sum of the absolute errors of 28.97. Oberweis Mutual Fund Forecast is based on your current time horizon.
Oberweis |
Oberweis Emerging Polynomial Regression Price Forecast For the 3rd of December
Given 90 days horizon, the Polynomial Regression forecasted value of Oberweis Emerging Markets on the next trading day is expected to be 8.77 with a mean absolute deviation of 0.47, mean absolute percentage error of 0.36, and the sum of the absolute errors of 28.97.Please note that although there have been many attempts to predict Oberweis 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 Oberweis Emerging's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Oberweis Emerging Mutual Fund Forecast Pattern
| Backtest Oberweis Emerging | Oberweis Emerging Price Prediction | Buy or Sell Advice |
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 Oberweis Emerging mutual fund data series using in forecasting. Note that when a statistical model is used to represent Oberweis Emerging 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.| AIC | Akaike Information Criteria | 117.0977 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.475 |
| MAPE | Mean absolute percentage error | 0.0433 |
| SAE | Sum of the absolute errors | 28.9722 |
Predictive Modules for Oberweis Emerging
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Oberweis Emerging Markets. 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.Oberweis Emerging 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 Oberweis Emerging mutual fund to make a market-neutral strategy. Peer analysis of Oberweis Emerging could also be used in its relative valuation, which is a method of valuing Oberweis Emerging by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Oberweis Emerging Market Strength Events
Market strength indicators help investors to evaluate how Oberweis Emerging 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 Oberweis Emerging shares will generate the highest return on investment. By undertsting and applying Oberweis Emerging mutual fund market strength indicators, traders can identify Oberweis Emerging Markets entry and exit signals to maximize returns.
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 Oberweis Mutual Fund
Oberweis Emerging financial ratios help investors to determine whether Oberweis 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 Oberweis with respect to the benefits of owning Oberweis Emerging security.
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins |