Columbia Sustainable Etf Forecast - Naive Prediction

ESGSDelisted Etf  USD 43.47  0.16  0.37%   
The Naive Prediction forecasted value of Columbia Sustainable Equity on the next trading day is expected to be 43.02 with a mean absolute deviation of 0.28 and the sum of the absolute errors of 17.37. Columbia Etf Forecast is based on your current time horizon.
  
A naive forecasting model for Columbia Sustainable is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Columbia Sustainable Equity value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Columbia Sustainable Naive Prediction Price Forecast For the 20th of January

Given 90 days horizon, the Naive Prediction forecasted value of Columbia Sustainable Equity on the next trading day is expected to be 43.02 with a mean absolute deviation of 0.28, mean absolute percentage error of 0.13, and the sum of the absolute errors of 17.37.
Please note that although there have been many attempts to predict Columbia 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 Columbia Sustainable's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Columbia Sustainable Etf Forecast Pattern

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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 Columbia Sustainable etf data series using in forecasting. Note that when a statistical model is used to represent Columbia Sustainable 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.
AICAkaike Information Criteria116.0865
BiasArithmetic mean of the errors None
MADMean absolute deviation0.2847
MAPEMean absolute percentage error0.0064
SAESum of the absolute errors17.3668
This model is not at all useful as a medium-long range forecasting tool of Columbia Sustainable Equity. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Columbia Sustainable. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Columbia Sustainable

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Columbia Sustainable. 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.
Hype
Prediction
LowEstimatedHigh
43.4743.4743.47
Details
Intrinsic
Valuation
LowRealHigh
40.4340.4347.82
Details
Bollinger
Band Projection (param)
LowMiddleHigh
43.0544.5546.06
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Columbia Sustainable. Your research has to be compared to or analyzed against Columbia Sustainable's peers to derive any actionable benefits. When done correctly, Columbia Sustainable's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Columbia Sustainable.

Columbia Sustainable 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 Columbia Sustainable etf to make a market-neutral strategy. Peer analysis of Columbia Sustainable could also be used in its relative valuation, which is a method of valuing Columbia Sustainable by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Columbia Sustainable Market Strength Events

Market strength indicators help investors to evaluate how Columbia Sustainable etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Columbia Sustainable shares will generate the highest return on investment. By undertsting and applying Columbia Sustainable etf market strength indicators, traders can identify Columbia Sustainable Equity entry and exit signals to maximize returns.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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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 price.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Other Consideration for investing in Columbia Etf

If you are still planning to invest in Columbia Sustainable 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 Columbia Sustainable's history and understand the potential risks before investing.
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