RMB Mendon Mutual Fund Forward View
| RMBKX Fund | USD 52.12 -0.40 -0.76% |
This page documents Naive Prediction forecast output for Rmb Mendon Financial as reference data. The model is applied to historical closing prices and the resulting projection and error statistics are shown below. Key metrics including projected price and mean absolute deviation are summarized below.
The Naive Prediction forecasted value of Rmb Mendon Financial on the next trading day is expected to be 52.23 with a mean absolute deviation of 0.47 and the sum of the absolute errors of 28.54.This model is not at all useful as a medium-long range forecasting tool of Rmb Mendon Financial. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict RMB Mendon. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights. RMB Mendon's Naive Prediction reference values are drawn from available trading data and are presented for informational reference only. Naive Prediction Price Forecast For the 24th of March
Given 90 days horizon, the Naive Prediction forecasted value of Rmb Mendon Financial on the next trading day is expected to be 52.23 with a mean absolute deviation of 0.47 , mean absolute percentage error of 0.36 , and the sum of the absolute errors of 28.54 .Please note that although there have been many attempts to predict RMB 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 RMB Mendon's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Mutual Fund Forecast Pattern
| Backtest RMB Mendon | RMB Mendon Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates RMB Mendon's predictive range by looking for statistically meaningful downside and upside boundaries. No forecasting approach has been shown to beat all others over time. Investors should treat any model output as a guide, not a guarantee.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of RMB Mendon mutual fund data series using in forecasting. Note that when a statistical model is used to represent RMB Mendon 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 | 117.0823 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.468 |
| MAPE | Mean absolute percentage error | 0.0085 |
| SAE | Sum of the absolute errors | 28.545 |
Other Forecasting Options for RMB Mendon
MACD analysis of RMB tracks the relationship between two exponential moving averages of RMB Mendon's price. Many RMB Mendon's traders use Fibonacci levels to set entry and exit targets based on prior price swings. Average True Range measures the typical daily price swing for RMB, accounting for gaps.RMB Mendon Related Equities
These stocks within the Financial space are often compared to RMB Mendon by analysts and fund managers in the sector. Peer review on balance sheet metrics shows how RMB Mendon's capital structure stacks up against similar firms.
| Risk & Return | Correlation |
RMB Mendon Market Strength Events
Market strength indicators for RMB Mendon assess how the mutual fund responds to changes in investor sentiment. These signals support informed decisions about when to enter or exit Rmb Mendon Financial positions. Market strength signals help investors time Rmb Mendon Financial positions with greater precision and confidence.
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 52.12 | |||
| Day Typical Price | 52.12 | |||
| Price Action Indicator | -0.20 | |||
| Period Momentum Indicator | -0.40 | |||
| Relative Strength Index | 40.19 |
RMB Mendon Risk Indicators
Risk indicator analysis for RMB Mendon is a critical component of accurate price forecasting. Identifying and quantifying the risks associated with RMB Mendon's allows investors to make better-informed decisions. Understanding RMB Mendon's risk indicators is a fundamental step in managing investment exposure responsibly.
| Mean Deviation | 1.03 | |||
| Semi Deviation | 1.23 | |||
| Standard Deviation | 1.45 | |||
| Variance | 2.11 | |||
| Downside Variance | 1.65 | |||
| Semi Variance | 1.52 | |||
| Expected Short fall | -1.20 |
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 RMB Mendon
A coverage review of Rmb Mendon Financial 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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