PERKINS MID Mutual Fund Forward View - Simple Regression
| JDPRX Fund | USD 15.33 -0.26 -1.67% |
The reference data on this page reflects Simple Regression output applied to Perkins Mid Cap's historical daily closing prices. Forecast values and accuracy statistics are presented for informational purposes.
The Simple Regression forecasted value of Perkins Mid Cap on the next trading day is expected to be 16.33 with a mean absolute deviation of 0.34 and the sum of the absolute errors of 20.50.In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Perkins Mid Cap historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data. The forecast reference data presented here for Perkins Mid Cap reflects Simple Regression model output and is intended as reference material for analytical use. Simple Regression Price Forecast For the 23rd of March
Given 90 days horizon, the Simple Regression forecasted value of Perkins Mid Cap on the next trading day is expected to be 16.33 with a mean absolute deviation of 0.34 , mean absolute percentage error of 0.17 , and the sum of the absolute errors of 20.50 .Please note that although there have been many attempts to predict PERKINS 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 PERKINS MID's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Mutual Fund Forecast Pattern
| Backtest PERKINS MID | PERKINS MID Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates PERKINS MID's predictive range by looking for statistically meaningful downside and upside boundaries. The projected forecast band currently runs from roughly 15.47 on the downside to about 17.18 on the upside.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of PERKINS MID mutual fund data series using in forecasting. Note that when a statistical model is used to represent PERKINS MID 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 | 116.3248 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3361 |
| MAPE | Mean absolute percentage error | 0.021 |
| SAE | Sum of the absolute errors | 20.5037 |
Other Forecasting Options for PERKINS MID
Understanding PERKINS MID's price movement is a prerequisite for any investor considering PERKINS as a position. PERKINS Mutual Fund price charts are frequently cluttered with noise that can interfere with accurate interpretation.PERKINS MID Related Equities
The following equities are related to PERKINS MID within the Mid-Cap Value space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing PERKINS MID 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 |
PERKINS MID Market Strength Events
For traders and investors in Perkins Mid Cap, market strength indicators offer a quantitative framework for evaluating the mutual fund's responsiveness to market conditions. These tools help identify when trading PERKINS MID shares is most likely to generate favorable returns.
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 15.33 | |||
| Day Typical Price | 15.33 | |||
| Price Action Indicator | -0.13 | |||
| Period Momentum Indicator | -0.26 | |||
| Relative Strength Index | 38.97 |
PERKINS MID Risk Indicators
Analyzing PERKINS MID's risk indicators provides a critical input for price forecasting and investment risk management. By quantifying the risk in PERKINS MID's investment, investors can make more informed decisions about their exposure and hedging strategies.
| Mean Deviation | 0.6278 | |||
| Semi Deviation | 0.8542 | |||
| Standard Deviation | 0.8427 | |||
| Variance | 0.7102 | |||
| Downside Variance | 0.9174 | |||
| Semi Variance | 0.7296 | |||
| Expected Short fall | -0.67 |
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 PERKINS MID
A coverage review of Perkins Mid Cap shows when the security is attracting above-average attention from contributors and market observers. A disciplined read of coverage separates durable relevance from temporary noise.
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