ERShares Entrepreneurs Etf Forecast - Naive Prediction
| ENTRDelisted Etf | USD 15.47 0.05 0.32% |
The Naive Prediction forecasted value of ERShares Entrepreneurs ETF on the next trading day is expected to be 15.66 with a mean absolute deviation of 0.19 and the sum of the absolute errors of 11.30. ERShares Etf Forecast is based on your current time horizon.
ERShares |
ERShares Entrepreneurs Naive Prediction Price Forecast For the 25th of November
Given 90 days horizon, the Naive Prediction forecasted value of ERShares Entrepreneurs ETF on the next trading day is expected to be 15.66 with a mean absolute deviation of 0.19, mean absolute percentage error of 0.05, and the sum of the absolute errors of 11.30.Please note that although there have been many attempts to predict ERShares 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 ERShares Entrepreneurs' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ERShares Entrepreneurs Etf Forecast Pattern
| Backtest ERShares Entrepreneurs | ERShares Entrepreneurs Price Prediction | Buy or Sell Advice |
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 ERShares Entrepreneurs etf data series using in forecasting. Note that when a statistical model is used to represent ERShares Entrepreneurs 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 | 115.1874 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1853 |
| MAPE | Mean absolute percentage error | 0.0122 |
| SAE | Sum of the absolute errors | 11.3042 |
Predictive Modules for ERShares Entrepreneurs
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ERShares Entrepreneurs. 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 ERShares Entrepreneurs' 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.
ERShares Entrepreneurs 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 ERShares Entrepreneurs etf to make a market-neutral strategy. Peer analysis of ERShares Entrepreneurs could also be used in its relative valuation, which is a method of valuing ERShares Entrepreneurs by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ERShares Entrepreneurs Market Strength Events
Market strength indicators help investors to evaluate how ERShares Entrepreneurs etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ERShares Entrepreneurs shares will generate the highest return on investment. By undertsting and applying ERShares Entrepreneurs etf market strength indicators, traders can identify ERShares Entrepreneurs ETF entry and exit signals to maximize returns.
ERShares Entrepreneurs Risk Indicators
The analysis of ERShares Entrepreneurs' 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 ERShares Entrepreneurs' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ershares 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 | 1.02 | |||
| Semi Deviation | 1.47 | |||
| Standard Deviation | 1.39 | |||
| Variance | 1.94 | |||
| Downside Variance | 2.39 | |||
| Semi Variance | 2.17 | |||
| Expected Short fall | (0.99) |
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.
Pair Trading with ERShares Entrepreneurs
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ERShares Entrepreneurs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ERShares Entrepreneurs will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to ERShares Entrepreneurs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ERShares Entrepreneurs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ERShares Entrepreneurs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ERShares Entrepreneurs ETF to buy it.
The correlation of ERShares Entrepreneurs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ERShares Entrepreneurs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ERShares Entrepreneurs moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ERShares Entrepreneurs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities 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 estimate. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Other Consideration for investing in ERShares Etf
If you are still planning to invest in ERShares Entrepreneurs check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ERShares Entrepreneurs' history and understand the potential risks before investing.
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets |