Aave Crypto Coin Forecast - Naive Prediction

AAVE Crypto  USD 297.20  5.63  1.86%   
The Naive Prediction forecasted value of Aave on the next trading day is expected to be 333.74 with a mean absolute deviation of 10.57 and the sum of the absolute errors of 655.41. Aave Crypto Coin Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Aave crypto prices and determine the direction of Aave's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Aave's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A naive forecasting model for Aave is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Aave 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.

Aave Naive Prediction Price Forecast For the 13th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of Aave on the next trading day is expected to be 333.74 with a mean absolute deviation of 10.57, mean absolute percentage error of 161.01, and the sum of the absolute errors of 655.41.
Please note that although there have been many attempts to predict Aave 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 Aave's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Aave Crypto Coin Forecast Pattern

Aave Forecasted Value

In the context of forecasting Aave'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. Aave's downside and upside margins for the forecasting period are 327.42 and 340.07, respectively. We have considered Aave'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
297.20
327.42
Downside
333.74
Expected Value
340.07
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 Aave crypto coin data series using in forecasting. Note that when a statistical model is used to represent Aave 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 Criteria125.0299
BiasArithmetic mean of the errors None
MADMean absolute deviation10.5712
MAPEMean absolute percentage error0.0601
SAESum of the absolute errors655.4124
This model is not at all useful as a medium-long range forecasting tool of Aave. 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 Aave. 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 Aave

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Aave. Regardless of method or technology, however, to accurately forecast the crypto coin market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the crypto coin 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.
Hype
Prediction
LowEstimatedHigh
290.88297.20303.52
Details
Intrinsic
Valuation
LowRealHigh
210.62216.94326.92
Details
Bollinger
Band Projection (param)
LowMiddleHigh
92.49186.38280.28
Details

Other Forecasting Options for Aave

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

Aave 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 Aave crypto coin to make a market-neutral strategy. Peer analysis of Aave could also be used in its relative valuation, which is a method of valuing Aave by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Aave Technical and Predictive Analytics

The crypto coin market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Aave'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 Aave's current price.

Aave Market Strength Events

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

Aave Risk Indicators

The analysis of Aave's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Aave's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting aave crypto coin prices, 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 investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Aave offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aave's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Aave Crypto.
Check out Historical Fundamental Analysis of Aave to cross-verify your projections.
You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Please note, there is a significant difference between Aave's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Aave value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Aave's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.