Chainlink Crypto Coin Forecast - Naive Prediction

LINK
 Crypto
  

USD 7.15  0.05  0.69%   

Chainlink Crypto Coin Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Chainlink historical crypto prices and determine the direction of Chainlink's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Chainlink historical fundamentals such as revenue growth or operating cash flow patterns.
Additionally, see Historical Fundamental Analysis of Chainlink to cross-verify your projections.
  
Most investors in Chainlink cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Chainlink's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Chainlink's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Chainlink is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Chainlink value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Chainlink Naive Prediction Price Forecast For the 30th of November

Given 90 days horizon, the Naive Prediction forecasted value of Chainlink on the next trading day is expected to be 7.55 with a mean absolute deviation of 0.38, mean absolute percentage error of 0.23, and the sum of the absolute errors of 23.62.
Please note that although there have been many attempts to predict Chainlink Crypto Coin 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 Chainlink's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Chainlink Crypto Coin Forecast Pattern

Chainlink Forecasted Value

In the context of forecasting Chainlink's Crypto Coin 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. Chainlink's downside and upside margins for the forecasting period are 1.90 and 13.21, respectively. We have considered Chainlink'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 7.15
7.55
Expected Value
13.21
Upside

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 Chainlink crypto coin data series using in forecasting. Note that when a statistical model is used to represent Chainlink crypto coin, 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 Criteria118.4778
BiasArithmetic mean of the errors None
MADMean absolute deviation0.3809
MAPEMean absolute percentage error0.0526
SAESum of the absolute errors23.6159
This model is not at all useful as a medium-long range forecasting tool of Chainlink. 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 Chainlink. 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.

Predictive Modules for Chainlink

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Chainlink. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock 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, frequently view the market will even out over time. This tendency of Chainlink'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. Please use the tools below to analyze the current value of Chainlink in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
1.587.2412.90
Details
Intrinsic
Valuation
LowReal ValueHigh
0.486.1411.80
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.816.968.11
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Chainlink. Your research has to be compared to or analyzed against Chainlink's peers to derive any actionable benefits. When done correctly, Chainlink's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Chainlink.

Other Forecasting Options for Chainlink

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

Chainlink 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 Chainlink crypto coin to make a market-neutral strategy. Peer analysis of Chainlink could also be used in its relative valuation, which is a method of valuing Chainlink by comparing valuation metrics with similar companies.
XRPSolanaPolygonPolkadotAvalancheUniswap Protocol TokenAptosDaiTRONOKBQuantAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 Covered
 Risk & Return  Correlation

Chainlink Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Chainlink's price movements, , a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Chainlink's current price.

Chainlink Risk Indicators

The analysis of Chainlink's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Chainlink's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Chainlink stock price, 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 stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Some cryptocurrency investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. However, unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Chainlink in the overall investment community. So, suppose investors can accurately measure the crypto's market sentiment. In that case, they can use it for their benefit. For example, some tools provided by cryptocurrency exchanges to gauge market sentiment could be utilized to time the market in a somewhat predictable way.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Chainlink using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Additionally, see Historical Fundamental Analysis of Chainlink to cross-verify your projections. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

Other Tools for Chainlink Crypto Coin

When running Chainlink price analysis, check to measure Chainlink's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Chainlink is operating at the current time. Most of Chainlink's value examination focuses on studying past and present price actions to predict the probability of Chainlink's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Chainlink's coin price. Additionally, you may evaluate how adding Chainlink to your portfolios can decrease your overall portfolio volatility.
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