Bitcoin Gold Crypto Coin Forecast - Simple Exponential Smoothing

BTG
 Crypto
  

USD 14.45  0.08  0.55%   

Bitcoin Crypto Coin Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Bitcoin Gold historical crypto prices and determine the direction of Bitcoin Gold'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 Bitcoin Gold historical fundamentals such as revenue growth or operating cash flow patterns.
Continue to Historical Fundamental Analysis of Bitcoin Gold to cross-verify your projections.
  
Most investors in Bitcoin Gold 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 Bitcoin Gold's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Bitcoin Gold's price structures and extracts relationships that further increase the generated results' accuracy.
Bitcoin Gold simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Bitcoin Gold are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Bitcoin Gold prices get older.

Bitcoin Gold Simple Exponential Smoothing Price Forecast For the 1st of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Bitcoin Gold on the next trading day is expected to be 14.48 with a mean absolute deviation of 0.58, mean absolute percentage error of 0.80, and the sum of the absolute errors of 35.35.
Please note that although there have been many attempts to predict Bitcoin 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 Bitcoin Gold's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Bitcoin Gold Crypto Coin Forecast Pattern

Bitcoin Gold Forecasted Value

In the context of forecasting Bitcoin Gold'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. Bitcoin Gold's downside and upside margins for the forecasting period are 9.70 and 19.26, respectively. We have considered Bitcoin Gold'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 14.45
14.48
Expected Value
19.26
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Bitcoin Gold crypto coin data series using in forecasting. Note that when a statistical model is used to represent Bitcoin Gold 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 Criteria117.8934
BiasArithmetic mean of the errors 0.198
MADMean absolute deviation0.5795
MAPEMean absolute percentage error0.0316
SAESum of the absolute errors35.3523
This simple exponential smoothing model begins by setting Bitcoin Gold forecast for the second period equal to the observation of the first period. In other words, recent Bitcoin Gold observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Bitcoin Gold

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bitcoin Gold. 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 Bitcoin Gold'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 Bitcoin Gold in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
9.6714.4519.23
Details
Intrinsic
Valuation
LowReal ValueHigh
9.6414.4219.20
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.5215.9118.30
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bitcoin Gold. Your research has to be compared to or analyzed against Bitcoin Gold's peers to derive any actionable benefits. When done correctly, Bitcoin Gold'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 Bitcoin Gold.

Other Forecasting Options for Bitcoin Gold

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

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

Bitcoin Gold 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 Bitcoin Gold'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 Bitcoin Gold's current price.

Bitcoin Gold Risk Indicators

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

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Pair Trading with Bitcoin Gold

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 Bitcoin Gold 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 Bitcoin Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Bitcoin Gold

+0.73BTCBitcoinPairCorr
+0.97ETCEthereum ClassicPairCorr
The ability to find closely correlated positions to Bitcoin Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitcoin Gold 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 Bitcoin Gold - 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 Bitcoin Gold to buy it.
The correlation of Bitcoin Gold 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 Bitcoin Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitcoin Gold 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 Bitcoin Gold 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 Bitcoin Gold to cross-verify your projections. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

Other Tools for Bitcoin Crypto Coin

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