MegaShort Canadian Etf Forecast - Triple Exponential Smoothing
| CGMD Etf | 1.12 0.13 10.40% |
Momentum 27
Sell Stretched
Oversold | Overbought |
Using MegaShort Canadian hype-based prediction, you can estimate the value of MegaShort Canadian Gold from the perspective of MegaShort Canadian response to recently generated media hype and the effects of current headlines on its competitors.
The Triple Exponential Smoothing forecasted value of MegaShort Canadian Gold on the next trading day is expected to be 1.06 with a mean absolute deviation of 0.14 and the sum of the absolute errors of 8.30. MegaShort Canadian after-hype prediction price | CAD 1.12 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as etf price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
MegaShort |
MegaShort Canadian Additional Predictive Modules
Most predictive techniques to examine MegaShort price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for MegaShort using various technical indicators. When you analyze MegaShort charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
MegaShort Canadian Triple Exponential Smoothing Price Forecast For the 23rd of January
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of MegaShort Canadian Gold on the next trading day is expected to be 1.06 with a mean absolute deviation of 0.14, mean absolute percentage error of 0.04, and the sum of the absolute errors of 8.30.Please note that although there have been many attempts to predict MegaShort 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 MegaShort Canadian's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
MegaShort Canadian Etf Forecast Pattern
MegaShort Canadian Forecasted Value
In the context of forecasting MegaShort Canadian'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. MegaShort Canadian's downside and upside margins for the forecasting period are 0.01 and 7.82, respectively. We have considered MegaShort Canadian'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 Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of MegaShort Canadian etf data series using in forecasting. Note that when a statistical model is used to represent MegaShort Canadian 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 | -0.0146 |
| MAD | Mean absolute deviation | 0.1407 |
| MAPE | Mean absolute percentage error | 0.0557 |
| SAE | Sum of the absolute errors | 8.3037 |
Predictive Modules for MegaShort Canadian
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MegaShort Canadian Gold. 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.MegaShort Canadian Estimiated After-Hype Price Prediction Volatility
As far as predicting the price of MegaShort Canadian at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in MegaShort Canadian or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Etf prices, such as prices of MegaShort Canadian, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
MegaShort Canadian Etf Price Prediction Analysis
Have you ever been surprised when a price of a ETF such as MegaShort Canadian is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading MegaShort Canadian backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Etf price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with MegaShort Canadian, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
1.83 | 6.76 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | In 5 to 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
1.12 | 1.12 | 0.00 |
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MegaShort Canadian Hype Timeline
MegaShort Canadian Gold is currently traded for 1.12on Toronto Exchange of Canada. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. MegaShort is estimated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is estimated to be very small, whereas the daily expected return is currently at -1.83%. %. The volatility of related hype on MegaShort Canadian is about 0.0%, with the expected price after the next announcement by competition of 1.12. Assuming the 90 days trading horizon the next estimated press release will be in 5 to 10 days. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.MegaShort Canadian Related Hype Analysis
Having access to credible news sources related to MegaShort Canadian's direct competition is more important than ever and may enhance your ability to predict MegaShort Canadian's future price movements. Getting to know how MegaShort Canadian's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how MegaShort Canadian may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| SPYD | MegaShort SP 500 | 0.00 | 0 per month | 0.00 | (0.07) | 3.82 | (3.39) | 9.85 | |
| SOXD | MegaShort Semiconductors Daily | 0.00 | 0 per month | 0.00 | (0.14) | 10.52 | (10.48) | 27.56 | |
| QQQD | MegaShort NASDAQ 100 Daily | 0.00 | 0 per month | 0.00 | (0.04) | 5.89 | (4.48) | 15.11 | |
| TLTD | MegaShort 20 Year | 0.00 | 0 per month | 1.41 | 0.07 | 3.12 | (1.80) | 8.92 | |
| CGMD | MegaShort Canadian Gold | 0.00 | 0 per month | 0.00 | (0.29) | 9.40 | (12.74) | 33.10 | |
| NHYB | NBI High Yield | 0.00 | 0 per month | 0.32 | (0.26) | 0.60 | (0.65) | 1.69 | |
| AGLB | AGF GLOBAL OPPORTUNITIES | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| NUBF | NBI Unconstrained Fixed | 0.00 | 0 per month | 0.00 | (0.29) | 0.80 | (0.56) | 1.64 | |
| QDXB | Mackenzie Developed ex North | 0.00 | 0 per month | 0.00 | (0.40) | 0.39 | (0.28) | 1.76 |
Other Forecasting Options for MegaShort Canadian
For every potential investor in MegaShort, whether a beginner or expert, MegaShort Canadian's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MegaShort Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MegaShort. Basic forecasting techniques help filter out the noise by identifying MegaShort Canadian's price trends.MegaShort Canadian 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 MegaShort Canadian etf to make a market-neutral strategy. Peer analysis of MegaShort Canadian could also be used in its relative valuation, which is a method of valuing MegaShort Canadian by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
MegaShort Canadian Market Strength Events
Market strength indicators help investors to evaluate how MegaShort Canadian etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MegaShort Canadian shares will generate the highest return on investment. By undertsting and applying MegaShort Canadian etf market strength indicators, traders can identify MegaShort Canadian Gold entry and exit signals to maximize returns.
MegaShort Canadian Risk Indicators
The analysis of MegaShort Canadian'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 MegaShort Canadian's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting megashort 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 | 5.13 | |||
| Standard Deviation | 6.76 | |||
| Variance | 45.75 |
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.
Story Coverage note for MegaShort Canadian
The number of cover stories for MegaShort Canadian depends on current market conditions and MegaShort Canadian's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that MegaShort Canadian is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about MegaShort Canadian's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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