Manulife Multifactor Etf Forward View - Polynomial Regression
| MINT Etf | CAD 44.04 0.65 1.50% |
Manulife Multifactor's Polynomial Regression reference data reflects the model's output when applied to available daily price observations. This page summarizes the model output and key accuracy metrics for reference. The projected value and error metrics are calculated from available daily price observations. This information is intended as reference material for analytical purposes.
The Polynomial Regression forecasted value of Manulife Multifactor Developed on the next trading day is expected to be 43.09 with a mean absolute deviation of 0.47 and the sum of the absolute errors of 28.53.A single variable polynomial regression model attempts to put a curve through the Manulife Multifactor historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm The Polynomial Regression reference values for Manulife Multifactor are derived from publicly available price data and should be used for informational purposes only. Polynomial Regression Price Forecast For the 24th of March
Given 90 days horizon, the Polynomial Regression forecasted value of Manulife Multifactor Developed on the next trading day is expected to be 43.09 with a mean absolute deviation of 0.47 , mean absolute percentage error of 0.30 , and the sum of the absolute errors of 28.53 .Please note that although there have been many attempts to predict Manulife Etf 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 Manulife Multifactor's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Etf Forecast Pattern
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Forecasted Value
The next-day forecast for Manulife Multifactor Developed focuses on identifying predictive downside and upside bands that can frame a realistic trading range. The projected forecast band currently runs from roughly 42.28 on the downside to about 43.90 on the upside.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Manulife Multifactor etf data series using in forecasting. Note that when a statistical model is used to represent Manulife Multifactor etf, 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 | 116.9019 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.4677 |
| MAPE | Mean absolute percentage error | 0.0103 |
| SAE | Sum of the absolute errors | 28.528 |
Other Forecasting Options for Manulife Multifactor
Relative Strength Index values for Manulife measure the speed and magnitude of recent price changes. Recognizing these clusters in Manulife Multifactor's returns helps calibrate position size and stop-loss levels. Candlestick pattern analysis of Manulife Etf daily data can reveal short-term reversal or continuation signals. Identifying these patterns in Manulife Etf data supports better trade timing.Manulife Multifactor Related Equities
These firms work in a similar space as Manulife Multifactor within the International Equity space and serve as useful points for comparison. Key comparison metrics include price-to-earnings, profit margin, and revenue growth across Manulife Multifactor's peer group. Sector-wide trends across this peer group can help split company-level factors from broader forces. This peer set gives the context needed for a well-rounded view of Manulife Multifactor.
| Risk & Return | Correlation |
Manulife Multifactor Market Strength Events
Market strength indicators provide a structured view of how Manulife Multifactor etf is positioned relative to trends. These indicators are valuable tools for identifying when to enter or exit positions in Manulife Multifactor Developed. These signals help validate or refine position timing for Manulife Multifactor. Review these indicators alongside Manulife Multifactor's fundamental data for a complete analytical picture.
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 44.04 | |||
| Day Typical Price | 44.04 | |||
| Price Action Indicator | 0.32 | |||
| Period Momentum Indicator | 0.65 | |||
| Relative Strength Index | 42.63 |
Manulife Multifactor Risk Indicators
The analysis of Manulife Multifactor's risk metrics is one of the most important steps in projecting its future price. This process quantifies the risk associated with Manulife Multifactor's and helps determine how to manage it. A structured analysis of Manulife Multifactor's risk indicators is one of the most reliable ways to improve forecast accuracy. Investors who carefully evaluate the risks in Manulife Multifactor's are better positioned to make informed decisions.
| Mean Deviation | 0.6023 | |||
| Semi Deviation | 0.9443 | |||
| Standard Deviation | 0.8079 | |||
| Variance | 0.6527 | |||
| Downside Variance | 1.09 | |||
| Semi Variance | 0.8917 | |||
| Expected Short fall | -0.55 |
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 Manulife Multifactor
Story coverage around Manulife Multifactor Developed often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
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At Manulife Multifactor, financial ratios outline links between core financial data. Values are aligned with the most recent reporting period available to us.