ETFMG Prime Etf Forecast - Naive Prediction

HACK
 Etf
  

USD 51.20  0.77  1.53%   

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

ETFMG Prime Naive Prediction Price Forecast For the 14th of August 2022

Given 90 days horizon, the Naive Prediction forecasted value of ETFMG Prime Cyber on the next trading day is expected to be 53.03 with a mean absolute deviation of 0.95, mean absolute percentage error of 1.35, and the sum of the absolute errors of 57.66.
Please note that although there have been many attempts to predict ETFMG Etf 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 ETFMG Prime's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

ETFMG Prime Etf Forecast Pattern

Backtest ETFMG PrimeETFMG Prime Price PredictionBuy or Sell Advice 

ETFMG Prime Forecasted Value

In the context of forecasting ETFMG Prime's Etf 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. ETFMG Prime's downside and upside margins for the forecasting period are 51.05 and 55.01, respectively. We have considered ETFMG Prime'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 51.20
53.03
Expected Value
55.01
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 ETFMG Prime etf data series using in forecasting. Note that when a statistical model is used to represent ETFMG Prime etf, 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 Criteria118.4129
BiasArithmetic mean of the errors None
MADMean absolute deviation0.9452
MAPEMean absolute percentage error0.0201
SAESum of the absolute errors57.6567
This model is not at all useful as a medium-long range forecasting tool of ETFMG Prime Cyber. 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 ETFMG Prime. 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 ETFMG Prime

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ETFMG Prime Cyber. 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 ETFMG Prime'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 ETFMG Prime in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
49.2251.2053.18
Details
Intrinsic
Valuation
LowReal ValueHigh
48.2550.2352.21
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ETFMG Prime. Your research has to be compared to or analyzed against ETFMG Prime's peers to derive any actionable benefits. When done correctly, ETFMG Prime'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 ETFMG Prime Cyber.

Other Forecasting Options for ETFMG Prime

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

ETFMG Prime 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 ETFMG Prime etf to make a market-neutral strategy. Peer analysis of ETFMG Prime could also be used in its relative valuation, which is a method of valuing ETFMG Prime by comparing valuation metrics with similar companies.
ATT IncAmn 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 NorthVistra Energy Corp
 Risk & Return  Correlation

ETFMG Prime Cyber 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 ETFMG Prime'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 ETFMG Prime's current price.

ETFMG Prime Market Strength Events

Market strength indicators help investors to evaluate how ETFMG Prime etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ETFMG Prime shares will generate the highest return on investment. By undertsting and applying ETFMG Prime etf market strength indicators, traders can identify ETFMG Prime Cyber entry and exit signals to maximize returns.

ETFMG Prime Risk Indicators

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

ETFMG Prime Investors Sentiment

The influence of ETFMG Prime'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 ETFMG. 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 ETFMG Prime 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, ETFMG Prime's short interest history, or implied volatility extrapolated from ETFMG Prime options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as ETFMG Prime Cyber using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please check Historical Fundamental Analysis of ETFMG Prime to cross-verify your projections. Note that the ETFMG Prime Cyber information on this page should be used as a complementary analysis to other ETFMG Prime'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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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When running ETFMG Prime Cyber price analysis, check to measure ETFMG Prime'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 ETFMG Prime is operating at the current time. Most of ETFMG Prime's value examination focuses on studying past and present price action to predict the probability of ETFMG Prime's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ETFMG Prime's price. Additionally, you may evaluate how the addition of ETFMG Prime to your portfolios can decrease your overall portfolio volatility.
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The market value of ETFMG Prime Cyber is measured differently than its book value, which is the value of ETFMG that is recorded on the company's balance sheet. Investors also form their own opinion of ETFMG Prime's value that differs from its market value or its book value, called intrinsic value, which is ETFMG Prime's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ETFMG Prime's market value can be influenced by many factors that don't directly affect ETFMG Prime's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ETFMG Prime's value and its price as these two are different measures arrived at by different means. Investors typically determine ETFMG Prime value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETFMG Prime's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.