MegaLong Canadian Etf Forward View - Polynomial Regression
| CGMU Etf | 25.68 3.49 11.96% |
Momentum 65
Buy Extended
Oversold | Overbought |
Using MegaLong Canadian hype-based prediction, you can estimate the value of MegaLong Canadian Gold from the perspective of MegaLong Canadian response to recently generated media hype and the effects of current headlines on its competitors.
The Polynomial Regression forecasted value of MegaLong Canadian Gold on the next trading day is expected to be 30.11 with a mean absolute deviation of 0.96 and the sum of the absolute errors of 59.64. MegaLong Canadian after-hype prediction price | CAD 24.22 |
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.
MegaLong |
MegaLong Canadian Additional Predictive Modules
Most predictive techniques to examine MegaLong price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for MegaLong using various technical indicators. When you analyze MegaLong 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 |
MegaLong Canadian Polynomial Regression Price Forecast For the 31st of January
Given 90 days horizon, the Polynomial Regression forecasted value of MegaLong Canadian Gold on the next trading day is expected to be 30.11 with a mean absolute deviation of 0.96, mean absolute percentage error of 1.51, and the sum of the absolute errors of 59.64.Please note that although there have been many attempts to predict MegaLong 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 MegaLong Canadian's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
MegaLong Canadian Etf Forecast Pattern
MegaLong Canadian Forecasted Value
In the context of forecasting MegaLong 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. MegaLong Canadian's downside and upside margins for the forecasting period are 23.22 and 37.00, respectively. We have considered MegaLong 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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of MegaLong Canadian etf data series using in forecasting. Note that when a statistical model is used to represent MegaLong 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 | 120.361 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.962 |
| MAPE | Mean absolute percentage error | 0.0609 |
| SAE | Sum of the absolute errors | 59.643 |
Predictive Modules for MegaLong 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 MegaLong 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.MegaLong Canadian Estimiated After-Hype Price Volatility
As far as predicting the price of MegaLong 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 MegaLong 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 MegaLong Canadian, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
MegaLong Canadian Etf Price Outlook Analysis
Have you ever been surprised when a price of a ETF such as MegaLong Canadian is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading MegaLong 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 MegaLong 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 |
1.90 | 6.89 | 1.46 | 0.21 | 3 Events / Month | 2 Events / Month | In about 3 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
25.68 | 24.22 | 5.69 |
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MegaLong Canadian Hype Timeline
MegaLong Canadian Gold is currently traded for 25.68on Toronto Exchange of Canada. The entity has historical hype elasticity of -1.46, and average elasticity to hype of competition of -0.21. MegaLong is estimated to decline in value after the next headline, with the price expected to drop to 24.22. The average volatility of media hype impact on the company price is over 100%. The price decline on the next news is expected to be -5.69%, whereas the daily expected return is currently at 1.9%. The volatility of related hype on MegaLong Canadian is about 6207.21%, with the expected price after the next announcement by competition of 25.47. Assuming the 90 days trading horizon the next estimated press release will be in about 3 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 signals in inflation.MegaLong Canadian Related Hype Analysis
Having access to credible news sources related to MegaLong Canadian's direct competition is more important than ever and may enhance your ability to predict MegaLong Canadian's future price movements. Getting to know how MegaLong 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 MegaLong Canadian may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| XIU | iShares SPTSX 60 | (0.17) | 3 per month | 0.58 | 0.07 | 1.08 | (1.11) | 3.01 | |
| XSP | iShares Core SP | 0.22 | 4 per month | 0.80 | (0.06) | 0.95 | (1.20) | 3.27 | |
| XIC | iShares Core SPTSX | 0.26 | 4 per month | 0.59 | 0.12 | 1.07 | (1.10) | 3.25 | |
| ZAG | BMO Aggregate Bond | (0.01) | 6 per month | 0.00 | (0.31) | 0.36 | (0.43) | 1.30 | |
| XBB | iShares Canadian Universe | 0.11 | 5 per month | 0.00 | (0.29) | 0.36 | (0.43) | 1.35 | |
| ZCN | BMO SPTSX Capped | (0.68) | 10 per month | 0.58 | 0.11 | 1.06 | (1.21) | 3.26 | |
| ZSP | BMO SP 500 | 0.09 | 6 per month | 0.00 | (0.13) | 1.05 | (1.24) | 3.17 | |
| TCLB | TD Canadian Long | (0.39) | 6 per month | 0.00 | (0.18) | 0.81 | (1.18) | 3.18 | |
| VFV | Vanguard SP 500 | (0.76) | 8 per month | 0.00 | (0.13) | 1.02 | (1.25) | 3.11 | |
| ZEB | BMO SPTSX Equal | 0.22 | 1 per month | 0.38 | 0.14 | 1.19 | (1.04) | 3.14 |
Other Forecasting Options for MegaLong Canadian
For every potential investor in MegaLong, whether a beginner or expert, MegaLong Canadian's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MegaLong Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MegaLong. Basic forecasting techniques help filter out the noise by identifying MegaLong Canadian's price trends.MegaLong 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 MegaLong Canadian etf to make a market-neutral strategy. Peer analysis of MegaLong Canadian could also be used in its relative valuation, which is a method of valuing MegaLong Canadian by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
MegaLong Canadian Market Strength Events
Market strength indicators help investors to evaluate how MegaLong 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 MegaLong Canadian shares will generate the highest return on investment. By undertsting and applying MegaLong Canadian etf market strength indicators, traders can identify MegaLong Canadian Gold entry and exit signals to maximize returns.
| Accumulation Distribution | 30728.64 | |||
| Daily Balance Of Power | (0.53) | |||
| Rate Of Daily Change | 0.88 | |||
| Day Median Price | 27.22 | |||
| Day Typical Price | 26.7 | |||
| Price Action Indicator | (3.28) | |||
| Period Momentum Indicator | (3.49) | |||
| Relative Strength Index | 65.46 |
MegaLong Canadian Risk Indicators
The analysis of MegaLong 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 MegaLong Canadian's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting megalong 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 | 4.99 | |||
| Semi Deviation | 4.85 | |||
| Standard Deviation | 6.72 | |||
| Variance | 45.16 | |||
| Downside Variance | 45.05 | |||
| Semi Variance | 23.55 | |||
| Expected Short fall | (5.43) |
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 MegaLong Canadian
The number of cover stories for MegaLong Canadian depends on current market conditions and MegaLong 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 MegaLong 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 MegaLong Canadian's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
Other Macroaxis Stories
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