OPPENHEIMER STEELPATH Mutual Fund Forward View - Simple Exponential Smoothing
| MLPAX Fund | USD 9.77 0.08 0.83% |
This reference page presents Simple Exponential Smoothing forecast data for Oppenheimer Steelpath Mlp. The projected values and error metrics are presented below as reference information.
The Simple Exponential Smoothing forecasted value of Oppenheimer Steelpath Mlp on the next trading day is expected to be 9.77 with a mean absolute deviation of 0.05 and the sum of the absolute errors of 3.20.This simple exponential smoothing model begins by setting Oppenheimer Steelpath Mlp forecast for the second period equal to the observation of the first period. In other words, recent OPPENHEIMER STEELPATH observations are given relatively more weight in forecasting than the older observations. This Simple Exponential Smoothing forecast data for Oppenheimer Steelpath Mlp is sourced from the most recent available trading data and is intended solely as reference information. Simple Exponential Smoothing Price Forecast For the 28th of March
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Oppenheimer Steelpath Mlp on the next trading day is expected to be 9.77 with a mean absolute deviation of 0.05 , mean absolute percentage error of 0.0043 , and the sum of the absolute errors of 3.20 .Please note that although there have been many attempts to predict OPPENHEIMER 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 OPPENHEIMER STEELPATH'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
For the next trading day, Macroaxis evaluates OPPENHEIMER STEELPATH's predictive range by looking for statistically meaningful downside and upside boundaries. The projected forecast band currently runs from roughly 9.09 on the downside to about 10.45 on the upside.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of OPPENHEIMER STEELPATH mutual fund data series using in forecasting. Note that when a statistical model is used to represent OPPENHEIMER STEELPATH 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 | 112.6587 |
| Bias | Arithmetic mean of the errors | -0.0246 |
| MAD | Mean absolute deviation | 0.0525 |
| MAPE | Mean absolute percentage error | 0.0058 |
| SAE | Sum of the absolute errors | 3.2 |
Other Forecasting Options for OPPENHEIMER STEELPATH
OPPENHEIMER STEELPATH's daily price returns can be decomposed into trend, seasonal, and residual components. Divergence between short-term and long-term averages in OPPENHEIMER often signals an upcoming reversal or acceleration.OPPENHEIMER STEELPATH Related Equities
The stocks listed below are peers of OPPENHEIMER STEELPATH within the Energy Limited Partnership space and offer context for ranking and strength. Revenue and margin checks across this group help investors set expectations for OPPENHEIMER STEELPATH's results. Sector-wide trends across this peer group can help split company-level factors from broader forces. The data below allows side-by-side review across the most common financial metrics.
| Risk & Return | Correlation |
OPPENHEIMER STEELPATH Market Strength Events
Market strength indicators help investors evaluate how OPPENHEIMER STEELPATH mutual fund reacts to evolving market conditions. These indicators help determine optimal entry and exit points for trading Oppenheimer Steelpath Mlp.
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 9.77 | |||
| Day Typical Price | 9.77 | |||
| Price Action Indicator | 0.04 | |||
| Period Momentum Indicator | 0.08 | |||
| Relative Strength Index | 72.25 |
OPPENHEIMER STEELPATH Risk Indicators
The analysis of OPPENHEIMER STEELPATH's basic risk indicators is one of the essential steps in accurately forecasting its future price. Understanding the risk involved in holding OPPENHEIMER STEELPATH's allows investors to make informed decisions about their exposure.
| Mean Deviation | 0.5386 | |||
| Standard Deviation | 0.6611 | |||
| Variance | 0.437 | |||
| Downside Variance | 0.2864 | |||
| Semi Variance | -0.07 | |||
| Expected Short fall | -0.73 |
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 OPPENHEIMER STEELPATH
The amount of media and story coverage tied to Oppenheimer Steelpath Mlp can signal where market attention is concentrating at the moment. The practical risk is that faster visibility can increase both interest and skepticism at the same time.
Other Macroaxis Stories
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