ALGO Crypto Coin Forecast - 4 Period Moving Average

ALGO
 Crypto
  

USD 0.22  0.01  4.35%   

ALGO Crypto Coin Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ALGO historical crypto prices and determine the direction of ALGO'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 ALGO historical fundamentals such as revenue growth or operating cash flow patterns.
Please continue to Historical Fundamental Analysis of ALGO to cross-verify your projections.
  
Most investors in ALGO 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 ALGO's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ALGO's price structures and extracts relationships that further increase the generated results' accuracy.
A four-period moving average forecast model for ALGO is based on an artificially constructed daily price series in which the value for a given day is replaced by the mean of that value and the values for four preceding and succeeding time periods. This model is best suited to forecast equities with high volatility.

ALGO 4 Period Moving Average Price Forecast For the 10th of December

Given 90 days horizon, the 4 Period Moving Average forecasted value of ALGO on the next trading day is expected to be 0.22 with a mean absolute deviation of 0.019871, mean absolute percentage error of 0.00081218, and the sum of the absolute errors of 1.15.
Please note that although there have been many attempts to predict ALGO 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 ALGO's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

ALGO Crypto Coin Forecast Pattern

ALGO Forecasted Value

In the context of forecasting ALGO'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. ALGO's downside and upside margins for the forecasting period are 0.0022 and 6.70, respectively. We have considered ALGO'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 0.22
0.0022
Downside
0.22
Expected Value
6.70
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of ALGO crypto coin data series using in forecasting. Note that when a statistical model is used to represent ALGO 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 Criteria105.4811
BiasArithmetic mean of the errors 0.0046
MADMean absolute deviation0.0199
MAPEMean absolute percentage error0.0641
SAESum of the absolute errors1.1525
The four period moving average method has an advantage over other forecasting models in that it does smooth out peaks and troughs in a set of daily price observations of ALGO. However, it also has several disadvantages. In particular this model does not produce an actual prediction equation for ALGO and therefore, it cannot be a useful forecasting tool for medium or long range price predictions

Predictive Modules for ALGO

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ALGO. 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 ALGO'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 ALGO in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.010.226.69
Details
Intrinsic
Valuation
LowReal ValueHigh
0.010.216.68
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.200.260.32
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ALGO. Your research has to be compared to or analyzed against ALGO's peers to derive any actionable benefits. When done correctly, ALGO'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 ALGO.

Other Forecasting Options for ALGO

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

ALGO 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 ALGO crypto coin to make a market-neutral strategy. Peer analysis of ALGO could also be used in its relative valuation, which is a method of valuing ALGO by comparing valuation metrics with similar companies.
MoonbeamTheta FuelNuCypherMultichainFTX TokenStargate FinanceHermez Network TokenCompound Governance TokenZero TechConvex FinanceZilliqaAMN Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGlobal X NASDAQ
 Risk & Return  Correlation

ALGO 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 ALGO'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 ALGO's current price.

ALGO Risk Indicators

The analysis of ALGO'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 ALGO's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting ALGO 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in ALGO without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Portfolio Center Now

   

Portfolio Center

All portfolio management and optimization tools to improve performance of your portfolios
All  Next Launch Module

Pair Trading with ALGO

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ALGO position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ALGO will appreciate offsetting losses from the drop in the long position's value.

Moving together with ALGO

+0.67GLMRMoonbeamPairCorr
+0.73TFUELTheta FuelPairCorr
+0.75NUNuCypherPairCorr
+0.79FTTFTX TokenPairCorr
The ability to find closely correlated positions to ALGO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ALGO when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ALGO - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ALGO to buy it.
The correlation of ALGO is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ALGO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ALGO moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ALGO can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Historical Fundamental Analysis of ALGO to cross-verify your projections. Note that the ALGO information on this page should be used as a complementary analysis to other ALGO's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Other Tools for ALGO Crypto Coin

When running ALGO price analysis, check to measure ALGO's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy ALGO is operating at the current time. Most of ALGO's value examination focuses on studying past and present price actions to predict the probability of ALGO's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move ALGO's coin price. Additionally, you may evaluate how adding ALGO to your portfolios can decrease your overall portfolio volatility.
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Go
Transaction History
View history of all your transactions and understand their impact on performance
Go
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Go
Fundamental Analysis
View fundamental data based on most recent published financial statements
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go