BOVESPA Index Index Forecast - Double Exponential Smoothing
| BVSP Index | 129,036 90.00 0.07% |
BOVESPA Index Double Exponential Smoothing Price Forecast For the 27th of November
Given 90 days horizon, the Double Exponential Smoothing forecasted value of BOVESPA Index on the next trading day is expected to be 128,962 with a mean absolute deviation of 731.63, mean absolute percentage error of 885,633, and the sum of the absolute errors of 43,898.Please note that although there have been many attempts to predict BOVESPA 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 BOVESPA Index's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
BOVESPA Index Index Forecast Pattern
BOVESPA Index Forecasted Value
In the context of forecasting BOVESPA Index'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. BOVESPA Index's downside and upside margins for the forecasting period are 128,961 and 128,963, respectively. We have considered BOVESPA Index'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 BOVESPA Index index data series using in forecasting. Note that when a statistical model is used to represent BOVESPA Index 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 | Huge |
| Bias | Arithmetic mean of the errors | 106.4706 |
| MAD | Mean absolute deviation | 731.6314 |
| MAPE | Mean absolute percentage error | 0.0056 |
| SAE | Sum of the absolute errors | 43897.8828 |
Predictive Modules for BOVESPA Index
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BOVESPA Index. 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 BOVESPA Index
For every potential investor in BOVESPA, whether a beginner or expert, BOVESPA Index's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. BOVESPA Index price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in BOVESPA. Basic forecasting techniques help filter out the noise by identifying BOVESPA Index's price trends.BOVESPA Index 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 BOVESPA Index index to make a market-neutral strategy. Peer analysis of BOVESPA Index could also be used in its relative valuation, which is a method of valuing BOVESPA Index by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
BOVESPA Index 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 BOVESPA Index'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 BOVESPA Index's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
BOVESPA Index Market Strength Events
Market strength indicators help investors to evaluate how BOVESPA Index index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BOVESPA Index shares will generate the highest return on investment. By undertsting and applying BOVESPA Index index market strength indicators, traders can identify BOVESPA Index entry and exit signals to maximize returns.
| Accumulation Distribution | 62.7 M | |||
| Daily Balance Of Power | (0.16) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 129214.0 | |||
| Day Typical Price | 129154.0 | |||
| Price Action Indicator | (222.50) | |||
| Period Momentum Indicator | (90.00) |
BOVESPA Index Risk Indicators
The analysis of BOVESPA Index'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 BOVESPA Index's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bovespa 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 | 0.5537 | |||
| Standard Deviation | 0.7332 | |||
| Variance | 0.5375 |
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.