SmartETFs Asia Etf Forecast - 20 Period Moving Average
| ADIV Etf | USD 15.51 0.08 0.51% |
The 20 Period Moving Average forecasted value of SmartETFs Asia Pacific on the next trading day is expected to be 15.72 with a mean absolute deviation of 0.45 and the sum of the absolute errors of 18.53. SmartETFs Etf Forecast is based on your current time horizon.
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SmartETFs Asia 20 Period Moving Average Price Forecast For the 23rd of November
Given 90 days horizon, the 20 Period Moving Average forecasted value of SmartETFs Asia Pacific on the next trading day is expected to be 15.72 with a mean absolute deviation of 0.45, mean absolute percentage error of 0.35, and the sum of the absolute errors of 18.53.Please note that although there have been many attempts to predict SmartETFs 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 SmartETFs Asia's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
SmartETFs Asia Etf Forecast Pattern
| Backtest SmartETFs Asia | SmartETFs Asia Price Prediction | Buy or Sell Advice |
SmartETFs Asia Forecasted Value
In the context of forecasting SmartETFs Asia'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. SmartETFs Asia's downside and upside margins for the forecasting period are 14.32 and 17.12, respectively. We have considered SmartETFs Asia'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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of SmartETFs Asia etf data series using in forecasting. Note that when a statistical model is used to represent SmartETFs Asia 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.| AIC | Akaike Information Criteria | 80.3087 |
| Bias | Arithmetic mean of the errors | -0.0628 |
| MAD | Mean absolute deviation | 0.4521 |
| MAPE | Mean absolute percentage error | 0.0278 |
| SAE | Sum of the absolute errors | 18.5345 |
Predictive Modules for SmartETFs Asia
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SmartETFs Asia Pacific. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf 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.Other Forecasting Options for SmartETFs Asia
For every potential investor in SmartETFs, whether a beginner or expert, SmartETFs Asia's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. SmartETFs Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in SmartETFs. Basic forecasting techniques help filter out the noise by identifying SmartETFs Asia's price trends.SmartETFs Asia 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 SmartETFs Asia etf to make a market-neutral strategy. Peer analysis of SmartETFs Asia could also be used in its relative valuation, which is a method of valuing SmartETFs Asia by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
SmartETFs Asia Pacific Technical and Predictive Analytics
The etf market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of SmartETFs Asia'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 SmartETFs Asia's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
SmartETFs Asia Market Strength Events
Market strength indicators help investors to evaluate how SmartETFs Asia etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SmartETFs Asia shares will generate the highest return on investment. By undertsting and applying SmartETFs Asia etf market strength indicators, traders can identify SmartETFs Asia Pacific entry and exit signals to maximize returns.
| Accumulation Distribution | 3.62 | |||
| Daily Balance Of Power | (2.67) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 15.5 | |||
| Day Typical Price | 15.5 | |||
| Price Action Indicator | (0.03) | |||
| Period Momentum Indicator | (0.08) |
SmartETFs Asia Risk Indicators
The analysis of SmartETFs Asia'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 SmartETFs Asia's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting smartetfs etf 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.
| Mean Deviation | 0.9794 | |||
| Semi Deviation | 1.32 | |||
| Standard Deviation | 1.4 | |||
| Variance | 1.97 | |||
| Downside Variance | 1.91 | |||
| Semi Variance | 1.73 | |||
| Expected Short fall | (1.03) |
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.
Thematic Opportunities
Explore Investment Opportunities
Check out Historical Fundamental Analysis of SmartETFs Asia to cross-verify your projections. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
The market value of SmartETFs Asia Pacific is measured differently than its book value, which is the value of SmartETFs that is recorded on the company's balance sheet. Investors also form their own opinion of SmartETFs Asia's value that differs from its market value or its book value, called intrinsic value, which is SmartETFs Asia'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 SmartETFs Asia's market value can be influenced by many factors that don't directly affect SmartETFs Asia'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 SmartETFs Asia's value and its price as these two are different measures arrived at by different means. Investors typically determine if SmartETFs Asia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SmartETFs Asia'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.