Band Protocol Crypto Coin Forecast - Naive Prediction

BAND
 Crypto
  

USD 1.83  0.01  0.54%   

Band Protocol Crypto Coin Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Band Protocol historical stock prices and determine the direction of Band Protocol'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 Band Protocol historical fundamentals such as revenue growth or operating cash flow patterns.
Continue to Historical Fundamental Analysis of Band Protocol to cross-verify your projections.
  
Most investors in Band Protocol 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 Band Protocol's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Band Protocol's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Band Protocol is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Band Protocol 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.

Band Protocol Naive Prediction Price Forecast For the 8th of August

Given 90 days horizon, the Naive Prediction forecasted value of Band Protocol on the next trading day is expected to be 1.80 with a mean absolute deviation of 0.08, mean absolute percentage error of 0.012646, and the sum of the absolute errors of 5.15.
Please note that although there have been many attempts to predict Band Protocol 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 Band Protocol's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Band Protocol Crypto Coin Forecast Pattern

Band Protocol Forecasted Value

In the context of forecasting Band Protocol'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. Band Protocol's downside and upside margins for the forecasting period are 0.0183 and 10.23, respectively. We have considered Band Protocol'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 1.83
0.0183
Downside
1.80
Expected Value
10.23
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 Band Protocol crypto coin data series using in forecasting. Note that when a statistical model is used to represent Band Protocol 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 Criteria113.7401
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0844
MAPEMean absolute percentage error0.0543
SAESum of the absolute errors5.1478
This model is not at all useful as a medium-long range forecasting tool of Band Protocol. 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 Band Protocol. 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 Band Protocol

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Band Protocol. 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 Band Protocol'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 Band Protocol in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.091.8310.26
Details
Intrinsic
Valuation
LowReal ValueHigh
0.071.459.88
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Band Protocol. Your research has to be compared to or analyzed against Band Protocol's peers to derive any actionable benefits. When done correctly, Band Protocol'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 Band Protocol.

Other Forecasting Options for Band Protocol

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

Band Protocol 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 Band Protocol crypto coin to make a market-neutral strategy. Peer analysis of Band Protocol could also be used in its relative valuation, which is a method of valuing Band Protocol by comparing valuation metrics with similar companies.
XRPSolanaPolkadotAvalancheFTX TokenPolygonUniswap Protocol TokenOptimismChainlinkApeCoinTRONAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpKEURIG DR PEPPER
 Risk & Return  Correlation

Band Protocol 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 Band Protocol'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 Band Protocol's current price.

Band Protocol Risk Indicators

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

Band Protocol Investors Sentiment

The influence of Band Protocol's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Band Protocol. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Band Protocol in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Band Protocol's short interest history, or implied volatility extrapolated from Band Protocol options trading.

Pair Trading with Band Protocol

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 Band Protocol 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 Band Protocol will appreciate offsetting losses from the drop in the long position's value.

Moving together with Band Protocol

0.83XRPXRPPairCorr
0.74SOLSolanaPairCorr
The ability to find closely correlated positions to Band Protocol could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Band Protocol 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 Band Protocol - 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 Band Protocol to buy it.
The correlation of Band Protocol 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 Band Protocol moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Band Protocol 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 Band Protocol 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
Continue to Historical Fundamental Analysis of Band Protocol to cross-verify your projections. Note that the Band Protocol information on this page should be used as a complementary analysis to other Band Protocol'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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Other Tools for Band Protocol Crypto Coin

When running Band Protocol price analysis, check to measure Band Protocol's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Band Protocol is operating at the current time. Most of Band Protocol's value examination focuses on studying past and present price action to predict the probability of Band Protocol's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Band Protocol's price. Additionally, you may evaluate how the addition of Band Protocol to your portfolios can decrease your overall portfolio volatility.
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