Even Herd Etf Forecast - Naive Prediction
| EHLS Etf | 25.66 0.08 0.31% |
The Naive Prediction forecasted value of Even Herd Long on the next trading day is expected to be 26.08 with a mean absolute deviation of 0.22 and the sum of the absolute errors of 13.69. Even Etf Forecast is based on your current time horizon.
At this time the relative strength momentum indicator of Even Herd's share price is below 20 suggesting that the etf is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Even Herd hype-based prediction, you can estimate the value of Even Herd Long from the perspective of Even Herd response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Even Herd Long on the next trading day is expected to be 26.08 with a mean absolute deviation of 0.22 and the sum of the absolute errors of 13.69. Even Herd after-hype prediction price | USD 25.74 |
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 Even Herd to cross-verify your projections. Even Herd Additional Predictive Modules
Most predictive techniques to examine Even price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Even using various technical indicators. When you analyze Even 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 |
Even Herd Naive Prediction Price Forecast For the 24th of January
Given 90 days horizon, the Naive Prediction forecasted value of Even Herd Long on the next trading day is expected to be 26.08 with a mean absolute deviation of 0.22, mean absolute percentage error of 0.08, and the sum of the absolute errors of 13.69.Please note that although there have been many attempts to predict Even 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 Even Herd's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Even Herd Etf Forecast Pattern
| Backtest Even Herd | Even Herd Price Prediction | Buy or Sell Advice |
Even Herd Forecasted Value
In the context of forecasting Even Herd'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. Even Herd's downside and upside margins for the forecasting period are 24.92 and 27.23, respectively. We have considered Even Herd'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Even Herd etf data series using in forecasting. Note that when a statistical model is used to represent Even Herd 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 | 115.5705 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2244 |
| MAPE | Mean absolute percentage error | 0.0096 |
| SAE | Sum of the absolute errors | 13.6902 |
Predictive Modules for Even Herd
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Even Herd Long. 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.Even Herd After-Hype Price Prediction Density Analysis
As far as predicting the price of Even Herd 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 Even Herd 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 Even Herd, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Even Herd Estimiated After-Hype Price Volatility
In the context of predicting Even Herd's etf value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Even Herd's historical news coverage. Even Herd's after-hype downside and upside margins for the prediction period are 24.59 and 26.89, respectively. We have considered Even Herd'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
Even Herd is very steady at this time. Analysis and calculation of next after-hype price of Even Herd Long is based on 3 months time horizon.
Even Herd Etf Price Prediction Analysis
Have you ever been surprised when a price of a ETF such as Even Herd is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Even Herd 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 Even Herd, 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 |
0.14 | 1.15 | 0.00 | 0.16 | 2 Events / Month | 3 Events / Month | In a few days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
25.66 | 25.74 | 0.00 |
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Even Herd Hype Timeline
Even Herd Long is currently traded for 25.66. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.16. Even is expected 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 expected to be very small, whereas the daily expected return is currently at 0.14%. %. The volatility of related hype on Even Herd is about 99.48%, with the expected price after the next announcement by competition of 25.82. The company had not issued any dividends in recent years. Given the investment horizon of 90 days the next expected press release will be in a few days. Check out Historical Fundamental Analysis of Even Herd to cross-verify your projections.Even Herd Related Hype Analysis
Having access to credible news sources related to Even Herd's direct competition is more important than ever and may enhance your ability to predict Even Herd's future price movements. Getting to know how Even Herd'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 Even Herd may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| KNGZ | First Trust Exchange Traded | 0.01 | 2 per month | 0.69 | (0) | 1.73 | (1.33) | 4.28 | |
| STXD | EA Series Trust | 0.03 | 2 per month | 0.65 | (0.06) | 1.01 | (1.28) | 2.98 | |
| SRHR | Elevation Series Trust | (0.26) | 1 per month | 0.84 | (0.11) | 1.35 | (1.34) | 3.42 | |
| GENT | Spinnaker ETF Series | 0.01 | 2 per month | 0.18 | (0.41) | 0.39 | (0.29) | 1.25 | |
| DSTX | ETF Series Solutions | 0.14 | 3 per month | 0.60 | 0.05 | 1.37 | (1.06) | 3.17 | |
| DHDG | FT Vest Equity | 0.00 | 0 per month | 0.30 | (0.11) | 0.62 | (0.75) | 1.88 | |
| TSLZ | T Rex 2X Inverse | (0.75) | 1 per month | 0.00 | (0.04) | 9.06 | (8.08) | 26.69 | |
| ASMF | Virtus ETF Trust | 0.19 | 3 per month | 0.45 | 0 | 1.28 | (0.90) | 2.51 | |
| GYLD | Arrow ETF Trust | 12.16 | 14 per month | 0.74 | (0.03) | 1.14 | (1.12) | 5.26 | |
| DYFI | IDX Dynamic Fixed | 0.03 | 3 per month | 0.00 | (0.79) | 0.18 | (0.22) | 0.48 |
Other Forecasting Options for Even Herd
For every potential investor in Even, whether a beginner or expert, Even Herd's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Even Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Even. Basic forecasting techniques help filter out the noise by identifying Even Herd's price trends.Even Herd 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 Even Herd etf to make a market-neutral strategy. Peer analysis of Even Herd could also be used in its relative valuation, which is a method of valuing Even Herd by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Even Herd Market Strength Events
Market strength indicators help investors to evaluate how Even Herd etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Even Herd shares will generate the highest return on investment. By undertsting and applying Even Herd etf market strength indicators, traders can identify Even Herd Long entry and exit signals to maximize returns.
| Accumulation Distribution | 2.12 | |||
| Daily Balance Of Power | 2.0 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 25.67 | |||
| Day Typical Price | 25.67 | |||
| Price Action Indicator | 0.03 | |||
| Period Momentum Indicator | 0.08 |
Even Herd Risk Indicators
The analysis of Even Herd'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 Even Herd's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting even 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 | 0.9279 | |||
| Semi Deviation | 1.26 | |||
| Standard Deviation | 1.22 | |||
| Variance | 1.49 | |||
| Downside Variance | 2.12 | |||
| Semi Variance | 1.6 | |||
| Expected Short fall | (0.85) |
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 Even Herd
The number of cover stories for Even Herd depends on current market conditions and Even Herd's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Even Herd 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 Even Herd'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 Even Herd to cross-verify your projections. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
The market value of Even Herd Long is measured differently than its book value, which is the value of Even that is recorded on the company's balance sheet. Investors also form their own opinion of Even Herd's value that differs from its market value or its book value, called intrinsic value, which is Even Herd'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 Even Herd's market value can be influenced by many factors that don't directly affect Even Herd'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 Even Herd's value and its price as these two are different measures arrived at by different means. Investors typically determine if Even Herd is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Even Herd'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.