SPDR Galaxy Etf Forecast - Simple Exponential Smoothing
| DECO Etf | 53.77 0.66 1.24% |
SPDR Etf outlook is based on your current time horizon.
As of today, The relative strength momentum indicator of SPDR Galaxy's share price is at 54 suggesting that the etf is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling SPDR Galaxy, making its price go up or down. Momentum 54
Impartial
Oversold | Overbought |
Using SPDR Galaxy hype-based prediction, you can estimate the value of SPDR Galaxy Digital from the perspective of SPDR Galaxy response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of SPDR Galaxy Digital on the next trading day is expected to be 53.77 with a mean absolute deviation of 1.06 and the sum of the absolute errors of 63.34. SPDR Galaxy after-hype prediction price | USD 53.77 |
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.
Check out Historical Fundamental Analysis of SPDR Galaxy to cross-verify your projections. SPDR Galaxy Additional Predictive Modules
Most predictive techniques to examine SPDR price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for SPDR using various technical indicators. When you analyze SPDR 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 |
SPDR Galaxy Simple Exponential Smoothing Price Forecast For the 27th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of SPDR Galaxy Digital on the next trading day is expected to be 53.77 with a mean absolute deviation of 1.06, mean absolute percentage error of 1.94, and the sum of the absolute errors of 63.34.Please note that although there have been many attempts to predict SPDR 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 SPDR Galaxy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
SPDR Galaxy Etf Forecast Pattern
| Backtest SPDR Galaxy | SPDR Galaxy Price Prediction | Buy or Sell Advice |
SPDR Galaxy Forecasted Value
In the context of forecasting SPDR Galaxy'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. SPDR Galaxy's downside and upside margins for the forecasting period are 50.93 and 56.61, respectively. We have considered SPDR Galaxy'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 Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of SPDR Galaxy etf data series using in forecasting. Note that when a statistical model is used to represent SPDR Galaxy 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 | 116.9336 |
| Bias | Arithmetic mean of the errors | 0.0223 |
| MAD | Mean absolute deviation | 1.0557 |
| MAPE | Mean absolute percentage error | 0.0213 |
| SAE | Sum of the absolute errors | 63.34 |
Predictive Modules for SPDR Galaxy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SPDR Galaxy Digital. 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 SPDR Galaxy's 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.
SPDR Galaxy After-Hype Price Density Analysis
As far as predicting the price of SPDR Galaxy 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 SPDR Galaxy 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 SPDR Galaxy, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
SPDR Galaxy Estimiated After-Hype Price Volatility
In the context of predicting SPDR Galaxy's etf value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on SPDR Galaxy's historical news coverage. SPDR Galaxy's after-hype downside and upside margins for the prediction period are 50.95 and 56.59, respectively. We have considered SPDR Galaxy's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
SPDR Galaxy is very steady at this time. Analysis and calculation of next after-hype price of SPDR Galaxy Digital is based on 3 months time horizon.
SPDR Galaxy Etf Price Outlook Analysis
Have you ever been surprised when a price of a ETF such as SPDR Galaxy is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading SPDR Galaxy 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 SPDR Galaxy, 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 |
0.00 | 2.84 | 0.00 | 0.00 | 1 Events / Month | 1 Events / Month | Very soon |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
53.77 | 53.77 | 0.00 |
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SPDR Galaxy Hype Timeline
SPDR Galaxy Digital is currently traded for 53.77. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. SPDR is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is currently at 0.0%. %. The volatility of related hype on SPDR Galaxy is about 28400.0%, with the expected price after the next announcement by competition of 53.77. The company had not issued any dividends in recent years. Given the investment horizon of 90 days the next forecasted press release will be very soon. Check out Historical Fundamental Analysis of SPDR Galaxy to cross-verify your projections.SPDR Galaxy Related Hype Analysis
Having access to credible news sources related to SPDR Galaxy's direct competition is more important than ever and may enhance your ability to predict SPDR Galaxy's future price movements. Getting to know how SPDR Galaxy'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 SPDR Galaxy may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| WFH | Direxion | (0.10) | 2 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| WTRE | WisdomTree New Economy | 0.05 | 1 per month | 0.00 | (0.07) | 1.98 | (2.06) | 5.19 | |
| XTOC | Innovator ETFs Trust | (0.10) | 2 per month | 0.51 | (0.06) | 0.88 | (0.90) | 2.97 | |
| VNSE | Natixis ETF Trust | 0.05 | 11 per month | 0.91 | (0.08) | 1.10 | (1.70) | 3.86 | |
| RJMG | First Trust Exchange Traded | 0.00 | 0 per month | 0.91 | (0.03) | 1.78 | (1.63) | 4.16 | |
| OCTZ | TrueShares Structured Outcome | 0.00 | 0 per month | 0.65 | (0.12) | 0.71 | (1.06) | 2.98 | |
| LCDS | JPMorgan Fundamental Data | 0.00 | 0 per month | 0.83 | (0.07) | 0.94 | (1.08) | 3.74 | |
| RAUS | RACWI ETF | 0.00 | 0 per month | 0.80 | (0.07) | 0.93 | (1.18) | 3.74 | |
| MAYZ | TrueShares Structured Outcome | 0.00 | 3 per month | 0.68 | (0.07) | 1.02 | (1.21) | 3.37 | |
| LQPE | PEO AlphaQuest Thematic | 0.00 | 0 per month | 0.00 | (0.08) | 1.77 | (1.69) | 6.22 |
Other Forecasting Options for SPDR Galaxy
For every potential investor in SPDR, whether a beginner or expert, SPDR Galaxy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. SPDR Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in SPDR. Basic forecasting techniques help filter out the noise by identifying SPDR Galaxy's price trends.SPDR Galaxy 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 SPDR Galaxy etf to make a market-neutral strategy. Peer analysis of SPDR Galaxy could also be used in its relative valuation, which is a method of valuing SPDR Galaxy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
SPDR Galaxy Market Strength Events
Market strength indicators help investors to evaluate how SPDR Galaxy etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SPDR Galaxy shares will generate the highest return on investment. By undertsting and applying SPDR Galaxy etf market strength indicators, traders can identify SPDR Galaxy Digital entry and exit signals to maximize returns.
SPDR Galaxy Risk Indicators
The analysis of SPDR Galaxy'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 SPDR Galaxy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting spdr 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 | 2.09 | |||
| Standard Deviation | 2.82 | |||
| Variance | 7.94 |
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 SPDR Galaxy
The number of cover stories for SPDR Galaxy depends on current market conditions and SPDR Galaxy's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that SPDR Galaxy 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 SPDR Galaxy'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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Check out Historical Fundamental Analysis of SPDR Galaxy to cross-verify your projections. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
The market value of SPDR Galaxy Digital is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR Galaxy's value that differs from its market value or its book value, called intrinsic value, which is SPDR Galaxy's 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 SPDR Galaxy's market value can be influenced by many factors that don't directly affect SPDR Galaxy's 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 SPDR Galaxy's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR Galaxy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR Galaxy's 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.