Tekla World Fund Forecast - Naive Prediction
| THW Fund | USD 12.17 0.09 0.75% |
The Naive Prediction forecasted value of Tekla World Healthcare on the next trading day is expected to be 12.42 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 4.92. Tekla Fund Forecast is based on your current time horizon.
Tekla |
Tekla World Naive Prediction Price Forecast For the 2nd of December
Given 90 days horizon, the Naive Prediction forecasted value of Tekla World Healthcare on the next trading day is expected to be 12.42 with a mean absolute deviation of 0.08, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.92.Please note that although there have been many attempts to predict Tekla 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 Tekla World's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Tekla World Fund Forecast Pattern
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Tekla World Forecasted Value
In the context of forecasting Tekla World'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. Tekla World's downside and upside margins for the forecasting period are 11.56 and 13.28, respectively. We have considered Tekla World'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Tekla World fund data series using in forecasting. Note that when a statistical model is used to represent Tekla World 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 | 113.7051 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0806 |
| MAPE | Mean absolute percentage error | 0.0065 |
| SAE | Sum of the absolute errors | 4.9171 |
Predictive Modules for Tekla World
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tekla World Healthcare. 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 Tekla World
For every potential investor in Tekla, whether a beginner or expert, Tekla World's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Tekla Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Tekla. Basic forecasting techniques help filter out the noise by identifying Tekla World's price trends.View Tekla World Related Equities
| Risk & Return | Correlation |
Tekla World Healthcare 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 Tekla World'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 Tekla World's current price.| Cycle Indicators | ||
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| Momentum Indicators | ||
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| Pattern Recognition | ||
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| Volume Indicators |
Tekla World Market Strength Events
Market strength indicators help investors to evaluate how Tekla World fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tekla World shares will generate the highest return on investment. By undertsting and applying Tekla World fund market strength indicators, traders can identify Tekla World Healthcare entry and exit signals to maximize returns.
Tekla World Risk Indicators
The analysis of Tekla World'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 Tekla World's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tekla 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 | 0.6632 | |||
| Standard Deviation | 0.8638 | |||
| Variance | 0.7461 |
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.
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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 Tekla Fund
Tekla World financial ratios help investors to determine whether Tekla 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 Tekla with respect to the benefits of owning Tekla World security.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |