ProShares Nanotechnology Etf Forecast - Double Exponential Smoothing

TINY
 Etf
  

USD 30.69  0.52  1.72%   

ProShares Etf Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ProShares Nanotechnology historical stock prices and determine the direction of ProShares Nanotechnology ETF'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 ProShares Nanotechnology historical fundamentals such as revenue growth or operating cash flow patterns. Although ProShares Nanotechnology naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of ProShares Nanotechnology ETF systematic risk associated with finding meaningful patterns of ProShares Nanotechnology fundamentals over time.
Additionally, take a look at Historical Fundamental Analysis of ProShares Nanotechnology to cross-verify your projections.
  
ProShares Nanotechnology Receivables Turnover is fairly stable at the moment as compared to the past year. ProShares Nanotechnology reported Receivables Turnover of 10.69 in 2021. Accounts Payable Turnover is likely to rise to 1.62 in 2022, whereas Accrued Expenses Turnover is likely to drop 18.50 in 2022. . Weighted Average Shares is likely to drop to about 26.9 M in 2022. Weighted Average Shares Diluted is likely to drop to about 26.9 M in 2022.

Open Interest Agains t 2022-12-16 ProShares Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast ProShares Nanotechnology's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest ProShares Nanotechnology's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies ProShares Nanotechnology stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current ProShares Nanotechnology's open interest, investors have to compare it to ProShares Nanotechnology's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of ProShares Nanotechnology is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in ProShares. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in ProShares Nanotechnology 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 ProShares Nanotechnology's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ProShares Nanotechnology'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 ProShares Nanotechnology works best with periods where there are trends or seasonality.

ProShares Nanotechnology Double Exponential Smoothing Price Forecast For the 10th of December

Given 90 days horizon, the Double Exponential Smoothing forecasted value of ProShares Nanotechnology ETF on the next trading day is expected to be 30.76 with a mean absolute deviation of 0.49, mean absolute percentage error of 0.43, and the sum of the absolute errors of 29.44.
Please note that although there have been many attempts to predict ProShares 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 ProShares Nanotechnology's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

ProShares Nanotechnology Etf Forecast Pattern

Backtest ProShares NanotechnologyProShares Nanotechnology Price PredictionBuy or Sell Advice 

ProShares Nanotechnology Forecasted Value

In the context of forecasting ProShares Nanotechnology'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. ProShares Nanotechnology's downside and upside margins for the forecasting period are 28.38 and 33.13, respectively. We have considered ProShares Nanotechnology'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 30.69
30.76
Expected Value
33.13
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 ProShares Nanotechnology etf data series using in forecasting. Note that when a statistical model is used to represent ProShares Nanotechnology 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 CriteriaHuge
BiasArithmetic mean of the errors -0.0916
MADMean absolute deviation0.4907
MAPEMean absolute percentage error0.0176
SAESum of the absolute errors29.4399
When ProShares Nanotechnology ETF 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 ProShares Nanotechnology ETF 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 ProShares Nanotechnology observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for ProShares Nanotechnology

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ProShares Nanotechnology. 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 ProShares Nanotechnology'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 ProShares Nanotechnology in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
28.3130.6933.07
Details
Intrinsic
Valuation
LowReal ValueHigh
27.6330.0132.39
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
28.1930.1932.20
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ProShares Nanotechnology. Your research has to be compared to or analyzed against ProShares Nanotechnology's peers to derive any actionable benefits. When done correctly, ProShares Nanotechnology'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 ProShares Nanotechnology.

Other Forecasting Options for ProShares Nanotechnology

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

ProShares Nanotechnology 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 ProShares Nanotechnology etf to make a market-neutral strategy. Peer analysis of ProShares Nanotechnology could also be used in its relative valuation, which is a method of valuing ProShares Nanotechnology by comparing valuation metrics with similar companies.
AMN Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGlobal X NASDAQFRANKLIN MUTUAL EUROPEANBHP Group LimitedNatural Health TrendIShares MSCI USABetaPro Canadian GoldAramark HoldingsVanguard Long-TermSeagate Technology PLCVistra Energy CorpExxon Mobil CorpPowered Brands
 Risk & Return  Correlation

ProShares Nanotechnology 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 ProShares Nanotechnology'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 ProShares Nanotechnology's current price.

ProShares Nanotechnology Risk Indicators

The analysis of ProShares Nanotechnology'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 ProShares Nanotechnology's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting ProShares Nanotechnology 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 ProShares Nanotechnology 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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The market value of ProShares Nanotechnology is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares Nanotechnology's value that differs from its market value or its book value, called intrinsic value, which is ProShares Nanotechnology'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 ProShares Nanotechnology's market value can be influenced by many factors that don't directly affect ProShares Nanotechnology'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 ProShares Nanotechnology's value and its price as these two are different measures arrived at by different means. Investors typically determine ProShares Nanotechnology value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Nanotechnology'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.