Alger Weatherbie Mutual Fund Forecast - Naive Prediction

ALEAX
 Fund
  

USD 6.92  0.11  1.56%   

Alger Mutual Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Alger Weatherbie historical stock prices and determine the direction of Alger Weatherbie Enduring's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Alger Weatherbie historical fundamentals such as revenue growth or operating cash flow patterns.
Please continue to Historical Fundamental Analysis of Alger Weatherbie to cross-verify your projections.
  
Most investors in Alger Weatherbie cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Alger Weatherbie's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Alger Weatherbie's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Alger Weatherbie is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Alger Weatherbie Enduring 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.

Alger Weatherbie Naive Prediction Price Forecast For the 28th of September

Given 90 days horizon, the Naive Prediction forecasted value of Alger Weatherbie Enduring on the next trading day is expected to be 6.74 with a mean absolute deviation of 0.14, mean absolute percentage error of 0.027991, and the sum of the absolute errors of 8.40.
Please note that although there have been many attempts to predict Alger 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 Alger Weatherbie's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Alger Weatherbie Mutual Fund Forecast Pattern

Backtest Alger WeatherbieAlger Weatherbie Price PredictionBuy or Sell Advice 

Alger Weatherbie Forecasted Value

In the context of forecasting Alger Weatherbie'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. Alger Weatherbie's downside and upside margins for the forecasting period are 5.08 and 8.39, respectively. We have considered Alger Weatherbie'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 6.92
6.74
Expected Value
8.39
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 Alger Weatherbie mutual fund data series using in forecasting. Note that when a statistical model is used to represent Alger Weatherbie 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 Criteria114.5346
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1377
MAPEMean absolute percentage error0.0186
SAESum of the absolute errors8.3985
This model is not at all useful as a medium-long range forecasting tool of Alger Weatherbie Enduring. 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 Alger Weatherbie. 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 Alger Weatherbie

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Alger Weatherbie Enduring. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock 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, frequently view the market will even out over time. This tendency of Alger Weatherbie'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. Please use the tools below to analyze the current value of Alger Weatherbie in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
5.266.928.58
Details
Intrinsic
Valuation
LowReal ValueHigh
5.627.288.94
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
6.937.537.82
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Alger Weatherbie. Your research has to be compared to or analyzed against Alger Weatherbie's peers to derive any actionable benefits. When done correctly, Alger Weatherbie's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Alger Weatherbie Enduring.

Other Forecasting Options for Alger Weatherbie

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

Alger Weatherbie 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 Alger Weatherbie mutual fund to make a market-neutral strategy. Peer analysis of Alger Weatherbie could also be used in its relative valuation, which is a method of valuing Alger Weatherbie by comparing valuation metrics with similar companies.
Rydex TelecommunicatioInnovator 20 YrEaton Vance TabsVirtus Seix USGabelli Media MogulVirtus Seix USDupree Mutual FundsAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanNatural Hlth TrdUSA Value FactorBetapro Canadian Gold
 Risk & Return  Correlation

Alger Weatherbie Enduring Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Alger Weatherbie'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 Alger Weatherbie's current price.

Alger Weatherbie Risk Indicators

The analysis of Alger Weatherbie's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Alger Weatherbie's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Alger Weatherbie stock price, 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 stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Alger Weatherbie in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Alger Weatherbie's short interest history, or implied volatility extrapolated from Alger Weatherbie options trading.

Pair Trading with Alger Weatherbie

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 Alger Weatherbie 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 Alger Weatherbie will appreciate offsetting losses from the drop in the long position's value.

Moving together with Alger Weatherbie

+0.91BACBank Of America Earnings Call  In Two WeeksPairCorr

Moving against Alger Weatherbie

-0.61JNJJohnson Johnson Earnings Call  In Three WeeksPairCorr
The ability to find closely correlated positions to Alger Weatherbie could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alger Weatherbie 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 Alger Weatherbie - 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 Alger Weatherbie Enduring to buy it.
The correlation of Alger Weatherbie is a statistical measure of how it moves in relation to other equities. 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 Alger Weatherbie moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alger Weatherbie Enduring 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 Alger Weatherbie 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
Please continue to Historical Fundamental Analysis of Alger Weatherbie to cross-verify your projections. Note that the Alger Weatherbie Enduring information on this page should be used as a complementary analysis to other Alger Weatherbie's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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When running Alger Weatherbie Enduring price analysis, check to measure Alger Weatherbie's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alger Weatherbie is operating at the current time. Most of Alger Weatherbie's value examination focuses on studying past and present price action to predict the probability of Alger Weatherbie's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Alger Weatherbie's price. Additionally, you may evaluate how the addition of Alger Weatherbie to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Alger Weatherbie's value and its price as these two are different measures arrived at by different means. Investors typically determine Alger Weatherbie value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alger Weatherbie's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.