ARK Genomic Etf Forecast - Double Exponential Smoothing
| ARKG Etf | USD 23.22 0.14 0.60% |
The Double Exponential Smoothing forecasted value of ARK Genomic Revolution on the next trading day is expected to be 23.03 with a mean absolute deviation of 0.48 and the sum of the absolute errors of 28.26. ARK Etf Forecast is based on your current time horizon. We recommend always using this module together with an analysis of ARK Genomic's historical fundamentals, such as revenue growth or operating cash flow patterns.
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ARK Genomic Double Exponential Smoothing Price Forecast For the 23rd of November
Given 90 days horizon, the Double Exponential Smoothing forecasted value of ARK Genomic Revolution on the next trading day is expected to be 23.03 with a mean absolute deviation of 0.48, mean absolute percentage error of 0.36, and the sum of the absolute errors of 28.26.Please note that although there have been many attempts to predict ARK 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 ARK Genomic's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ARK Genomic Etf Forecast Pattern
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ARK Genomic Forecasted Value
In the context of forecasting ARK Genomic'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. ARK Genomic's downside and upside margins for the forecasting period are 20.76 and 25.30, respectively. We have considered ARK Genomic'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 Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of ARK Genomic etf data series using in forecasting. Note that when a statistical model is used to represent ARK Genomic 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 | Huge |
| Bias | Arithmetic mean of the errors | -0.1363 |
| MAD | Mean absolute deviation | 0.479 |
| MAPE | Mean absolute percentage error | 0.0193 |
| SAE | Sum of the absolute errors | 28.26 |
Predictive Modules for ARK Genomic
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ARK Genomic Revolution. 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 ARK Genomic
For every potential investor in ARK, whether a beginner or expert, ARK Genomic's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ARK Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ARK. Basic forecasting techniques help filter out the noise by identifying ARK Genomic's price trends.ARK Genomic 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 ARK Genomic etf to make a market-neutral strategy. Peer analysis of ARK Genomic could also be used in its relative valuation, which is a method of valuing ARK Genomic by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ARK Genomic Revolution 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 ARK Genomic'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 ARK Genomic's current price.| Cycle Indicators | ||
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| Volume Indicators |
ARK Genomic Market Strength Events
Market strength indicators help investors to evaluate how ARK Genomic etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ARK Genomic shares will generate the highest return on investment. By undertsting and applying ARK Genomic etf market strength indicators, traders can identify ARK Genomic Revolution entry and exit signals to maximize returns.
ARK Genomic Risk Indicators
The analysis of ARK Genomic'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 ARK Genomic's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ark 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 | 1.79 | |||
| Standard Deviation | 2.33 | |||
| Variance | 5.41 |
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.
Currently Active Assets on Macroaxis
When determining whether ARK Genomic Revolution is a strong investment it is important to analyze ARK Genomic's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ARK Genomic's future performance. For an informed investment choice regarding ARK Etf, refer to the following important reports:Check out Historical Fundamental Analysis of ARK Genomic to cross-verify your projections. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
The market value of ARK Genomic Revolution is measured differently than its book value, which is the value of ARK that is recorded on the company's balance sheet. Investors also form their own opinion of ARK Genomic's value that differs from its market value or its book value, called intrinsic value, which is ARK Genomic'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 ARK Genomic's market value can be influenced by many factors that don't directly affect ARK Genomic'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 ARK Genomic's value and its price as these two are different measures arrived at by different means. Investors typically determine if ARK Genomic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ARK Genomic'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.