Sound Shore Mutual Fund Forward View - Simple Regression

SSHVX Fund  USD 41.35  0.26  0.63%   
Sound Mutual Fund outlook is based on your current time horizon.
At this time, The relative strength index (RSI) of Sound Shore's share price is at 56. This usually implies that the mutual fund is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Sound Shore, making its price go up or down.

Momentum 56

 Buy Extended

 
Oversold
 
Overbought
The successful prediction of Sound Shore's future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with Sound Shore Fund, which may create opportunities for some arbitrage if properly timed.
Using Sound Shore hype-based prediction, you can estimate the value of Sound Shore Fund from the perspective of Sound Shore response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of Sound Shore Fund on the next trading day is expected to be 42.06 with a mean absolute deviation of 0.53 and the sum of the absolute errors of 32.18.

Sound Shore after-hype prediction price

    
  USD 41.35  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as fund price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
  
Check out Historical Fundamental Analysis of Sound Shore to cross-verify your projections.

Sound Shore Additional Predictive Modules

Most predictive techniques to examine Sound price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Sound using various technical indicators. When you analyze Sound charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Simple Regression model is a single variable regression model that attempts to put a straight line through Sound Shore price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Sound Shore Simple Regression Price Forecast For the 30th of January

Given 90 days horizon, the Simple Regression forecasted value of Sound Shore Fund on the next trading day is expected to be 42.06 with a mean absolute deviation of 0.53, mean absolute percentage error of 0.42, and the sum of the absolute errors of 32.18.
Please note that although there have been many attempts to predict Sound Mutual Fund prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Sound Shore's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Sound Shore Mutual Fund Forecast Pattern

Backtest Sound Shore  Sound Shore Price Prediction  Buy or Sell Advice  

Sound Shore Forecasted Value

In the context of forecasting Sound Shore's Mutual Fund value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Sound Shore's downside and upside margins for the forecasting period are 41.25 and 42.86, respectively. We have considered Sound Shore's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
41.35
42.06
Expected Value
42.86
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 Sound Shore mutual fund data series using in forecasting. Note that when a statistical model is used to represent Sound Shore 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.
AICAkaike Information Criteria117.2481
BiasArithmetic mean of the errors None
MADMean absolute deviation0.5275
MAPEMean absolute percentage error0.0131
SAESum of the absolute errors32.1765
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 Sound Shore Fund historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Sound Shore

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sound Shore Fund. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sound Shore's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
40.5441.3542.16
Details
Intrinsic
Valuation
LowRealHigh
41.1441.9542.76
Details
Bollinger
Band Projection (param)
LowMiddleHigh
40.5441.2842.02
Details

Sound Shore After-Hype Price Density Analysis

As far as predicting the price of Sound Shore at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Sound Shore or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Mutual Fund prices, such as prices of Sound Shore, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Sound Shore Estimiated After-Hype Price Volatility

In the context of predicting Sound Shore's mutual fund value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Sound Shore's historical news coverage. Sound Shore's after-hype downside and upside margins for the prediction period are 40.54 and 42.16, respectively. We have considered Sound Shore's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
41.35
41.35
After-hype Price
42.16
Upside
Sound Shore is very steady at this time. Analysis and calculation of next after-hype price of Sound Shore Fund is based on 3 months time horizon.

Sound Shore Mutual Fund Price Outlook Analysis

Have you ever been surprised when a price of a Mutual Fund such as Sound Shore is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Sound Shore backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Fund price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Sound Shore, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.12 
0.81
 0.00  
  0.09 
0 Events / Month
0 Events / Month
Within a week
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
41.35
41.35
0.00 
0.00  
Notes

Sound Shore Hype Timeline

Sound Shore Fund is at this time traded for 41.35. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.09. Sound is anticipated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is anticipated to be very small, whereas the daily expected return is at this time at 0.12%. %. The volatility of related hype on Sound Shore is about 110.29%, with the expected price after the next announcement by competition of 41.44. The company has price-to-book ratio of 1.73. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Sound Shore Fund last dividend was issued on the 27th of December 2019. Assuming the 90 days horizon the next anticipated press release will be within a week.
Check out Historical Fundamental Analysis of Sound Shore to cross-verify your projections.

Sound Shore Related Hype Analysis

Having access to credible news sources related to Sound Shore's direct competition is more important than ever and may enhance your ability to predict Sound Shore's future price movements. Getting to know how Sound Shore's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Sound Shore may potentially react to the hype associated with one of its peers.

Other Forecasting Options for Sound Shore

For every potential investor in Sound, whether a beginner or expert, Sound Shore's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Sound Mutual Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Sound. Basic forecasting techniques help filter out the noise by identifying Sound Shore's price trends.

Sound Shore Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Sound Shore mutual fund to make a market-neutral strategy. Peer analysis of Sound Shore could also be used in its relative valuation, which is a method of valuing Sound Shore by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Sound Shore Market Strength Events

Market strength indicators help investors to evaluate how Sound Shore mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sound Shore shares will generate the highest return on investment. By undertsting and applying Sound Shore mutual fund market strength indicators, traders can identify Sound Shore Fund entry and exit signals to maximize returns.

Sound Shore Risk Indicators

The analysis of Sound Shore's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Sound Shore's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sound mutual fund prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
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 Sound Shore

The number of cover stories for Sound Shore depends on current market conditions and Sound Shore's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Sound Shore is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Sound Shore's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Other Macroaxis Stories

Our audience includes start-ups and big corporations as well as marketing, public relation firms, and advertising agencies, including technology and finance journalists. Our platform and its news and story outlet are popular among finance students, amateur traders, self-guided investors, entrepreneurs, retirees and baby boomers, academic researchers, financial advisers, as well as professional money managers - a very diverse and influential demographic landscape united by one goal - build optimal investment portfolios

Other Information on Investing in Sound Mutual Fund

Sound Shore financial ratios help investors to determine whether Sound Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sound with respect to the benefits of owning Sound Shore security.
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