Eaton Vance Mutual Fund Forward View - Simple Moving Average
| ERBAX Fund | USD 18.07 0.08 0.44% |
This reference page presents Simple Moving Average forecast data for Eaton Vance Richard. The model output shown here is derived from Eaton Vance's historical price series and is provided for informational purposes.
The Simple Moving Average forecasted value of Eaton Vance Richard on the next trading day is expected to be 18.07 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 7.52.The simple moving average model is conceptually a linear regression of the current value of Eaton Vance Richard price series against current and previous (unobserved) value of Eaton Vance. 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 This Simple Moving Average forecast data for Eaton Vance Richard is sourced from the most recent available trading data and is intended solely as reference information. Simple Moving Average Price Forecast For the 20th of March
Given 90 days horizon, the Simple Moving Average forecasted value of Eaton Vance Richard on the next trading day is expected to be 18.07 with a mean absolute deviation of 0.13 , mean absolute percentage error of 0.03 , and the sum of the absolute errors of 7.52 .Please note that although there have been many attempts to predict Eaton Mutual Fund prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Eaton Vance's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Mutual Fund Forecast Pattern
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Forecasted Value
Forecasting Eaton Vance Richard for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. The current forecast range spans downside near 17.27 and upside near 18.87.
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 Eaton Vance mutual fund data series using in forecasting. Note that when a statistical model is used to represent Eaton Vance 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 | 110.823 |
| Bias | Arithmetic mean of the errors | -8.0E-4 |
| MAD | Mean absolute deviation | 0.1275 |
| MAPE | Mean absolute percentage error | 0.0069 |
| SAE | Sum of the absolute errors | 7.52 |
Other Forecasting Options for Eaton Vance
For every potential investor in Eaton, whether a beginner or expert, Eaton Vance's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better.Eaton Vance Related Equities
The following equities are related to Eaton Vance within the World Large-Stock Blend space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Eaton Vance against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |
Eaton Vance Market Strength Events
Market strength indicators help investors to evaluate how Eaton Vance 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 Eaton Vance shares will generate the highest return on.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 18.07 | |||
| Day Typical Price | 18.07 | |||
| Price Action Indicator | 0.04 | |||
| Period Momentum Indicator | 0.08 | |||
| Relative Strength Index | 44.36 |
Eaton Vance Risk Indicators
The analysis of Eaton Vance'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 Eaton Vance's investment and either accepting that risk or mitigating it.
| Mean Deviation | 0.6288 | |||
| Standard Deviation | 0.8052 | |||
| Variance | 0.6484 |
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.
Story Coverage note for Eaton Vance
Coverage intensity for Eaton Vance Richard matters because narrative visibility can influence sentiment, participation, and volatility around the name. The practical risk is that faster visibility can increase both interest and skepticism at the same time.
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