Binance Coin Crypto Coin Forecast - Double Exponential Smoothing

BNB
 Crypto
  

USD 284.84  1.62  0.57%   

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.
Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Binance Coin works best with periods where there are trends or seasonality.

Binance Coin Double Exponential Smoothing Price Forecast For the 3rd of October

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Binance Coin on the next trading day is expected to be 283.70 with a mean absolute deviation of 7.46, mean absolute percentage error of 95.06, and the sum of the absolute errors of 440.12.
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 280.19 and 287.20, 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 284.84
280.19
Downside
283.70
Expected Value
287.20
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing 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 CriteriaHuge
BiasArithmetic mean of the errors 1.5153
MADMean absolute deviation7.4596
MAPEMean absolute percentage error0.0266
SAESum of the absolute errors440.1156
When Binance Coin prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any Binance Coin trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Binance Coin observations are given relatively more weight in forecasting than the older observations.

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
281.34284.84288.34
Details
Intrinsic
Valuation
LowReal ValueHigh
237.04240.54313.32
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.
SafePalBakeryTokenAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanNatural Hlth TrdUSA Value FactorBetapro Canadian GoldAramark Holdings CorpLong-Term Govt BondMaiden Holdings NorthSeagate Technology HldgsVistra Energy Corp
 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.

Binance Coin Investors Sentiment

The influence of Binance Coin'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 Binance. The overall investor sentiment generally increases the direction of a crypto movement in a one-year investment horizon. However, the impact of investor sentiment on the entire crypto markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Binance Coin's public news can be used to forecast risks associated with investment in Binance. The trend in average sentiment can be used to explain how an investor holding Binance can time the market purely based on public headlines and social activities around Binance Coin. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Binance Coin's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Binance Coin's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Binance Coin's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Binance Coin.
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 Binance Coin 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.

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

+0.87SFPSafePalPairCorr
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. You can also try Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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.
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