Compound Governance Crypto Coin Forecast - Naive Prediction

COMP
 Crypto
  

USD 66.51  1.46  2.24%   

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

Compound Governance Naive Prediction Price Forecast For the 13th of August 2022

Given 90 days horizon, the Naive Prediction forecasted value of Compound Governance Token on the next trading day is expected to be 73.53 with a mean absolute deviation of 3.55, mean absolute percentage error of 22.55, and the sum of the absolute errors of 220.24.
Please note that although there have been many attempts to predict Compound 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 Compound Governance's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Compound Governance Crypto Coin Forecast Pattern

Compound Governance Forecasted Value

In the context of forecasting Compound Governance'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. Compound Governance's downside and upside margins for the forecasting period are 64.03 and 83.03, respectively. We have considered Compound Governance'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 66.51
73.53
Expected Value
83.03
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 Compound Governance crypto coin data series using in forecasting. Note that when a statistical model is used to represent Compound Governance 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 Criteria123.064
BiasArithmetic mean of the errors None
MADMean absolute deviation3.5522
MAPEMean absolute percentage error0.0761
SAESum of the absolute errors220.2371
This model is not at all useful as a medium-long range forecasting tool of Compound Governance Token. 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 Compound Governance. 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 Compound Governance

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Compound Governance Token. 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 Compound Governance'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 Compound Governance in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
58.0367.4776.91
Details
Intrinsic
Valuation
LowReal ValueHigh
39.1748.6171.61
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
47.8556.9366.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Compound Governance. Your research has to be compared to or analyzed against Compound Governance's peers to derive any actionable benefits. When done correctly, Compound Governance'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 Compound Governance Token.

Other Forecasting Options for Compound Governance

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

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

Compound Governance Token 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 Compound Governance'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 Compound Governance's current price.

Compound Governance Risk Indicators

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

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Pair Trading with Compound Governance

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 Compound Governance 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 Compound Governance will appreciate offsetting losses from the drop in the long position's value.

Moving together with Compound Governance

0.84XRPXRPPairCorr
0.88SOLSolanaPairCorr
The ability to find closely correlated positions to Compound Governance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Compound Governance 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 Compound Governance - 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 Compound Governance Token to buy it.
The correlation of Compound Governance 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 Compound Governance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compound Governance Token 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 Compound Governance 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 Compound Governance to cross-verify your projections. Note that the Compound Governance Token information on this page should be used as a complementary analysis to other Compound Governance'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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Other Tools for Compound Crypto Coin

When running Compound Governance Token price analysis, check to measure Compound Governance'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 Compound Governance is operating at the current time. Most of Compound Governance's value examination focuses on studying past and present price action to predict the probability of Compound Governance's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Compound Governance's price. Additionally, you may evaluate how the addition of Compound Governance to your portfolios can decrease your overall portfolio volatility.
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