T ROWE Mutual Fund Forward View - Simple Regression
| PRFDX Fund | USD 38.81 -0.47 -1.20% |
The Simple Regression forecast reference data for T Rowe Price is based on the equity's recent trading history. This page summarizes the model output and key accuracy metrics for reference.
The Simple Regression forecasted value of T Rowe Price on the next trading day is expected to be 40.43 with a mean absolute deviation of 0.64 and the sum of the absolute errors of 39.80.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 T Rowe Price historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data. All Simple Regression forecast figures shown for T Rowe Price are reference data reflecting model output based on available historical prices. Simple Regression Price Forecast For the 20th of March
Given 90 days horizon, the Simple Regression forecasted value of T Rowe Price on the next trading day is expected to be 40.43 with a mean absolute deviation of 0.64 , mean absolute percentage error of 0.60 , and the sum of the absolute errors of 39.80 .Please note that although there have been many attempts to predict PRFDX 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 T ROWE'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 T ROWE's predictive range by looking for statistically meaningful downside and upside boundaries. The projected forecast band currently runs from roughly 39.73 on the downside to about 41.14 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 T ROWE mutual fund data series using in forecasting. Note that when a statistical model is used to represent T ROWE 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 | 119.4316 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.642 |
| MAPE | Mean absolute percentage error | 0.0161 |
| SAE | Sum of the absolute errors | 39.8039 |
Other Forecasting Options for T ROWE
Whether a novice or experienced investor, anyone considering PRFDX needs to understand the dynamics of T ROWE's price movement. Price charts for PRFDX Mutual Fund contain a significant amount of noise that can distort investment decisions.T ROWE Related Equities
The following equities are related to T ROWE within the Large Value space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing T ROWE 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 |
T ROWE Market Strength Events
Analyzing market strength indicators for T ROWE enables investors to understand how the mutual fund performs relative to overall market momentum. These indicators are valuable tools for identifying when to enter or exit positions in T Rowe Price.
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 38.81 | |||
| Day Typical Price | 38.81 | |||
| Price Action Indicator | -0.23 | |||
| Period Momentum Indicator | -0.47 | |||
| Relative Strength Index | 41.62 |
T ROWE Risk Indicators
Identifying and analyzing T ROWE's key risk indicators is a foundational step in projecting how its price may evolve. This process helps investors quantify the risk associated with T ROWE's and decide how to manage it.
| Mean Deviation | 0.5194 | |||
| Semi Deviation | 0.7357 | |||
| Standard Deviation | 0.6889 | |||
| Variance | 0.4746 | |||
| Downside Variance | 0.6368 | |||
| Semi Variance | 0.5413 | |||
| Expected Short fall | -0.49 |
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 T ROWE
A coverage review of T Rowe Price helps investors see when the security is attracting above-average attention from contributors and market observers. Used properly, this context can help investors judge whether visibility is reinforcing the thesis or attracting more speculative pressure.
Other Macroaxis Stories
Macroaxis publishes story content for a diverse readership that includes finance students, independent investors, money managers, and market-focused operating teams. What connects that audience is a focus on building stronger portfolios through better research, risk awareness, and comparative analysis.