ETF Managers Etf Forecast - Naive Prediction
| BWET Etf | 20.36 0.66 3.35% |
The Naive Prediction forecasted value of ETF Managers Group on the next trading day is expected to be 19.06 with a mean absolute deviation of 0.71 and the sum of the absolute errors of 44.25. ETF Etf Forecast is based on your current time horizon.
Open Interest Against 2026-03-20 ETF Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast ETF Managers' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in ETF Managers' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for ETF Managers stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current ETF Managers' open interest, investors have to compare it to ETF Managers' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of ETF Managers is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in ETF. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
ETF Managers Naive Prediction Price Forecast For the 26th of December
Given 90 days horizon, the Naive Prediction forecasted value of ETF Managers Group on the next trading day is expected to be 19.06 with a mean absolute deviation of 0.71, mean absolute percentage error of 0.78, and the sum of the absolute errors of 44.25.Please note that although there have been many attempts to predict ETF 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 ETF Managers' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ETF Managers Etf Forecast Pattern
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ETF Managers Forecasted Value
In the context of forecasting ETF Managers' 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. ETF Managers' downside and upside margins for the forecasting period are 15.35 and 22.77, respectively. We have considered ETF Managers' 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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of ETF Managers etf data series using in forecasting. Note that when a statistical model is used to represent ETF Managers 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 | 119.7022 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.7137 |
| MAPE | Mean absolute percentage error | 0.0355 |
| SAE | Sum of the absolute errors | 44.2523 |
Predictive Modules for ETF Managers
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ETF Managers Group. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ETF Managers' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for ETF Managers
For every potential investor in ETF, whether a beginner or expert, ETF Managers' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ETF Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ETF. Basic forecasting techniques help filter out the noise by identifying ETF Managers' price trends.ETF Managers 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 ETF Managers etf to make a market-neutral strategy. Peer analysis of ETF Managers could also be used in its relative valuation, which is a method of valuing ETF Managers by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ETF Managers Group 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 ETF Managers' 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 ETF Managers' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ETF Managers Market Strength Events
Market strength indicators help investors to evaluate how ETF Managers etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ETF Managers shares will generate the highest return on investment. By undertsting and applying ETF Managers etf market strength indicators, traders can identify ETF Managers Group entry and exit signals to maximize returns.
ETF Managers Risk Indicators
The analysis of ETF Managers' 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 ETF Managers' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting etf 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 | 2.69 | |||
| Semi Deviation | 3.02 | |||
| Standard Deviation | 3.62 | |||
| Variance | 13.11 | |||
| Downside Variance | 12.7 | |||
| Semi Variance | 9.12 | |||
| Expected Short fall | (3.00) |
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 ETF Managers to cross-verify your projections. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
The market value of ETF Managers Group is measured differently than its book value, which is the value of ETF that is recorded on the company's balance sheet. Investors also form their own opinion of ETF Managers' value that differs from its market value or its book value, called intrinsic value, which is ETF Managers' 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 ETF Managers' market value can be influenced by many factors that don't directly affect ETF Managers' 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 ETF Managers' value and its price as these two are different measures arrived at by different means. Investors typically determine if ETF Managers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETF Managers' 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.