Jacob Internet Mutual Fund Forecast - Naive Prediction

JAMFX Fund  USD 6.13  0.06  0.97%   
The Naive Prediction forecasted value of Jacob Internet Fund on the next trading day is expected to be 6.00 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 4.73. Jacob Mutual Fund Forecast is based on your current time horizon.
  
A naive forecasting model for Jacob Internet is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Jacob Internet Fund 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.

Jacob Internet Naive Prediction Price Forecast For the 16th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of Jacob Internet Fund on the next trading day is expected to be 6.00 with a mean absolute deviation of 0.08, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.73.
Please note that although there have been many attempts to predict Jacob 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 Jacob Internet's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Jacob Internet Mutual Fund Forecast Pattern

Backtest Jacob InternetJacob Internet Price PredictionBuy or Sell Advice 

Jacob Internet Forecasted Value

In the context of forecasting Jacob Internet'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. Jacob Internet's downside and upside margins for the forecasting period are 4.40 and 7.59, respectively. We have considered Jacob Internet'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
6.13
6.00
Expected Value
7.59
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 Jacob Internet mutual fund data series using in forecasting. Note that when a statistical model is used to represent Jacob Internet 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 Criteria113.5143
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0775
MAPEMean absolute percentage error0.0147
SAESum of the absolute errors4.7277
This model is not at all useful as a medium-long range forecasting tool of Jacob Internet Fund. 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 Jacob Internet. 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 Jacob Internet

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Jacob Internet. 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
4.536.137.73
Details
Intrinsic
Valuation
LowRealHigh
4.916.518.11
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Jacob Internet. Your research has to be compared to or analyzed against Jacob Internet's peers to derive any actionable benefits. When done correctly, Jacob Internet'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 Jacob Internet.

Other Forecasting Options for Jacob Internet

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

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

Jacob Internet 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 Jacob Internet'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 Jacob Internet's current price.

Jacob Internet Market Strength Events

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

Jacob Internet Risk Indicators

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

Jacob Internet financial ratios help investors to determine whether Jacob 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 Jacob with respect to the benefits of owning Jacob Internet security.
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