Franklin Large Etf Forecast - Polynomial Regression
FLUS Etf | CAD 49.19 0.67 1.38% |
The Polynomial Regression forecasted value of Franklin Large Cap on the next trading day is expected to be 48.88 with a mean absolute deviation of 0.40 and the sum of the absolute errors of 24.28. Franklin Etf Forecast is based on your current time horizon.
Franklin |
Franklin Large Polynomial Regression Price Forecast For the 28th of November
Given 90 days horizon, the Polynomial Regression forecasted value of Franklin Large Cap on the next trading day is expected to be 48.88 with a mean absolute deviation of 0.40, mean absolute percentage error of 0.24, and the sum of the absolute errors of 24.28.Please note that although there have been many attempts to predict Franklin 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 Franklin Large's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Franklin Large Etf Forecast Pattern
Backtest Franklin Large | Franklin Large Price Prediction | Buy or Sell Advice |
Franklin Large Forecasted Value
In the context of forecasting Franklin Large'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. Franklin Large's downside and upside margins for the forecasting period are 48.08 and 49.67, respectively. We have considered Franklin Large'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 Franklin Large etf data series using in forecasting. Note that when a statistical model is used to represent Franklin Large 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 | 116.686 |
Bias | Arithmetic mean of the errors | None |
MAD | Mean absolute deviation | 0.398 |
MAPE | Mean absolute percentage error | 0.0086 |
SAE | Sum of the absolute errors | 24.2783 |
Predictive Modules for Franklin Large
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Franklin Large Cap. 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.Other Forecasting Options for Franklin Large
For every potential investor in Franklin, whether a beginner or expert, Franklin Large's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Franklin Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Franklin. Basic forecasting techniques help filter out the noise by identifying Franklin Large's price trends.Franklin Large 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 Franklin Large etf to make a market-neutral strategy. Peer analysis of Franklin Large could also be used in its relative valuation, which is a method of valuing Franklin Large by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
Franklin Large Cap Technical and Predictive Analytics
The etf market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Franklin Large's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Franklin Large's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Franklin Large Market Strength Events
Market strength indicators help investors to evaluate how Franklin Large etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Franklin Large shares will generate the highest return on investment. By undertsting and applying Franklin Large etf market strength indicators, traders can identify Franklin Large Cap entry and exit signals to maximize returns.
Franklin Large Risk Indicators
The analysis of Franklin Large'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 Franklin Large's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting franklin 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 | 0.4917 | |||
Semi Deviation | 0.4622 | |||
Standard Deviation | 0.7944 | |||
Variance | 0.631 | |||
Downside Variance | 0.8702 | |||
Semi Variance | 0.2136 | |||
Expected Short fall | (0.52) |
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 Franklin Large
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 Franklin Large 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 Franklin Large will appreciate offsetting losses from the drop in the long position's value.Moving together with Franklin Etf
0.81 | XSP | iShares Core SP | PairCorr |
0.81 | ZSP | BMO SP 500 | PairCorr |
0.81 | VFV | Vanguard SP 500 | PairCorr |
0.81 | HXS | Global X SP | PairCorr |
0.81 | XUS | iShares Core SP | PairCorr |
Moving against Franklin Etf
0.82 | HQD | BetaPro NASDAQ 100 | PairCorr |
0.81 | HIU | BetaPro SP 500 | PairCorr |
0.75 | HXD | BetaPro SPTSX 60 | PairCorr |
0.68 | HED | BetaPro SPTSX Capped | PairCorr |
0.43 | HUN | Global X Natural | PairCorr |
The ability to find closely correlated positions to Franklin Large could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Franklin Large 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 Franklin Large - 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 Franklin Large Cap to buy it.
The correlation of Franklin Large 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 Franklin Large moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Large Cap 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 Franklin Large 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.Other Information on Investing in Franklin Etf
Franklin Large financial ratios help investors to determine whether Franklin Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Franklin with respect to the benefits of owning Franklin Large security.