SPASX 300 Index Forecast - 4 Period Moving Average
| AXMEKD Index | 2,563 7.41 0.29% |
SPASX 300 4 Period Moving Average Price Forecast For the 14th of December 2024
Given 90 days horizon, the 4 Period Moving Average forecasted value of SPASX 300 Media on the next trading day is expected to be 2,584 with a mean absolute deviation of 23.48, mean absolute percentage error of 907.89, and the sum of the absolute errors of 1,338.Please note that although there have been many attempts to predict SPASX Index 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 SPASX 300's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
SPASX 300 Index Forecast Pattern
SPASX 300 Forecasted Value
In the context of forecasting SPASX 300's Index 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. SPASX 300's downside and upside margins for the forecasting period are 2,583 and 2,585, respectively. We have considered SPASX 300'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 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of SPASX 300 index data series using in forecasting. Note that when a statistical model is used to represent SPASX 300 index, 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 | 117.5701 |
| Bias | Arithmetic mean of the errors | -9.982 |
| MAD | Mean absolute deviation | 23.4795 |
| MAPE | Mean absolute percentage error | 0.0093 |
| SAE | Sum of the absolute errors | 1338.33 |
Predictive Modules for SPASX 300
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SPASX 300 Media. Regardless of method or technology, however, to accurately forecast the index market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the index 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 SPASX 300
For every potential investor in SPASX, whether a beginner or expert, SPASX 300's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. SPASX Index price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in SPASX. Basic forecasting techniques help filter out the noise by identifying SPASX 300's price trends.SPASX 300 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 SPASX 300 index to make a market-neutral strategy. Peer analysis of SPASX 300 could also be used in its relative valuation, which is a method of valuing SPASX 300 by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
SPASX 300 Media Technical and Predictive Analytics
The index market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of SPASX 300'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 SPASX 300's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
SPASX 300 Market Strength Events
Market strength indicators help investors to evaluate how SPASX 300 index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SPASX 300 shares will generate the highest return on investment. By undertsting and applying SPASX 300 index market strength indicators, traders can identify SPASX 300 Media entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 2563.37 | |||
| Day Typical Price | 2563.37 | |||
| Price Action Indicator | (3.71) | |||
| Period Momentum Indicator | (7.41) |
SPASX 300 Risk Indicators
The analysis of SPASX 300'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 SPASX 300's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting spasx index 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 | 0.7737 | |||
| Semi Deviation | 0.6976 | |||
| Standard Deviation | 1.01 | |||
| Variance | 1.01 | |||
| Downside Variance | 0.7659 | |||
| Semi Variance | 0.4867 | |||
| Expected Short fall | (0.91) |
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.