Binance Coin Crypto Coin Forecast - Naive Prediction

BNB
 Crypto
  

USD 316.17  9.44  3.08%   

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

Binance Coin Naive Prediction Price Forecast For the 19th of August

Given 90 days horizon, the Naive Prediction forecasted value of Binance Coin on the next trading day is expected to be 315.23 with a mean absolute deviation of 10.67, mean absolute percentage error of 176.61, and the sum of the absolute errors of 661.26.
Please note that although there have been many attempts to predict Binance 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 Binance Coin's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Binance Coin Crypto Coin Forecast Pattern

Binance Coin Forecasted Value

In the context of forecasting Binance Coin'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. Binance Coin's downside and upside margins for the forecasting period are 310.41 and 320.05, respectively. We have considered Binance Coin'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 316.17
310.41
Downside
315.23
Expected Value
320.05
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 Binance Coin crypto coin data series using in forecasting. Note that when a statistical model is used to represent Binance Coin 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 Criteria125.1223
BiasArithmetic mean of the errors None
MADMean absolute deviation10.6655
MAPEMean absolute percentage error0.042
SAESum of the absolute errors661.264
This model is not at all useful as a medium-long range forecasting tool of Binance Coin. 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 Binance Coin. 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 Binance Coin

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Binance Coin. 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 Binance Coin'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 Binance Coin in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
311.35316.17320.99
Details
Intrinsic
Valuation
LowReal ValueHigh
238.36243.18347.79
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
248.25297.73347.20
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Binance Coin. Your research has to be compared to or analyzed against Binance Coin's peers to derive any actionable benefits. When done correctly, Binance Coin'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 Binance Coin.

Other Forecasting Options for Binance Coin

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

Binance Coin 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 Binance Coin crypto coin to make a market-neutral strategy. Peer analysis of Binance Coin could also be used in its relative valuation, which is a method of valuing Binance Coin by comparing valuation metrics with similar companies.
BakeryTokenSafePalAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpKEURIG DR PEPPERGx Nasdaq-100 CoveredFranklin Mutual EuropeanGARDNER DENVER INCUSA Value FactorBetapro Canadian GoldAramark Holdings CorpLong-Term Govt BondLIFE STORAGE INCMaiden Holdings North
 Risk & Return  Correlation

Binance Coin 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 Binance Coin'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 Binance Coin's current price.

Binance Coin Risk Indicators

The analysis of Binance Coin'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 Binance Coin's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Binance Coin 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 Binance Coin without increasing your portfolio risk or giving up 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 Fund Screener Now

   

Fund Screener

Find actively-traded funds from around the world traded on over 30 global exchanges
All  Next Launch Module

Pair Trading with Binance Coin

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 Binance Coin 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 Binance Coin will appreciate offsetting losses from the drop in the long position's value.

Moving together with Binance Coin

0.8BAKEBakeryTokenPairCorr
0.85SFPSafePalPairCorr
The ability to find closely correlated positions to Binance Coin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Binance Coin 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 Binance Coin - 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 Binance Coin to buy it.
The correlation of Binance Coin 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 Binance Coin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Binance Coin 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 Binance Coin 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 Binance Coin to cross-verify your projections. Note that the Binance Coin information on this page should be used as a complementary analysis to other Binance Coin'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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Other Tools for Binance Crypto Coin

When running Binance Coin price analysis, check to measure Binance Coin's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Binance Coin is operating at the current time. Most of Binance Coin's value examination focuses on studying past and present price actions to predict the probability of Binance Coin's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Binance Coin's coin price. Additionally, you may evaluate how adding Binance Coin to your portfolios can decrease your overall portfolio volatility.
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Go
Money Managers
Screen money managers from public funds and ETFs managed around the world
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Go
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Go
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go