Harvest Brand Etf Forecast - Simple Regression

HBF-B Etf  CAD 11.82  0.08  0.68%   
The Simple Regression forecasted value of Harvest Brand Leaders on the next trading day is expected to be 11.85 with a mean absolute deviation of 0.09 and the sum of the absolute errors of 5.19. Harvest Etf Forecast is based on your current time horizon.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through Harvest Brand price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Harvest Brand Simple Regression Price Forecast For the 26th of November

Given 90 days horizon, the Simple Regression forecasted value of Harvest Brand Leaders on the next trading day is expected to be 11.85 with a mean absolute deviation of 0.09, mean absolute percentage error of 0.01, and the sum of the absolute errors of 5.19.
Please note that although there have been many attempts to predict Harvest 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 Harvest Brand's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Harvest Brand Etf Forecast Pattern

Harvest Brand Forecasted Value

In the context of forecasting Harvest Brand'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. Harvest Brand's downside and upside margins for the forecasting period are 11.28 and 12.41, respectively. We have considered Harvest Brand'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.
Market Value
11.82
11.85
Expected Value
12.41
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Harvest Brand etf data series using in forecasting. Note that when a statistical model is used to represent Harvest Brand 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 Criteria113.5396
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0851
MAPEMean absolute percentage error0.0075
SAESum of the absolute errors5.1922
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Harvest Brand Leaders historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Harvest Brand

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Harvest Brand Leaders. 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
11.1811.7412.30
Details
Intrinsic
Valuation
LowRealHigh
11.0011.5612.12
Details
Bollinger
Band Projection (param)
LowMiddleHigh
11.6211.7011.78
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Harvest Brand. Your research has to be compared to or analyzed against Harvest Brand's peers to derive any actionable benefits. When done correctly, Harvest Brand'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 Harvest Brand Leaders.

Other Forecasting Options for Harvest Brand

For every potential investor in Harvest, whether a beginner or expert, Harvest Brand's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Harvest Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Harvest. Basic forecasting techniques help filter out the noise by identifying Harvest Brand's price trends.

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

Harvest Brand Leaders 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 Harvest Brand'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 Harvest Brand's current price.

Harvest Brand Market Strength Events

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

Harvest Brand Risk Indicators

The analysis of Harvest Brand'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 Harvest Brand's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting harvest 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.
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 Harvest Brand

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 Harvest Brand 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 Harvest Brand will appreciate offsetting losses from the drop in the long position's value.

Moving together with Harvest Etf

  0.96XIU iShares SPTSX 60PairCorr
  0.92XSP iShares Core SPPairCorr
  0.96XIC iShares Core SPTSXPairCorr

Moving against Harvest Etf

  0.74TCLB TD Canadian LongPairCorr
  0.39ZAG BMO Aggregate BondPairCorr
  0.37XBB iShares Canadian UniversePairCorr
The ability to find closely correlated positions to Harvest Brand could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Harvest Brand 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 Harvest Brand - 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 Harvest Brand Leaders to buy it.
The correlation of Harvest Brand 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 Harvest Brand moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Harvest Brand Leaders 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 Harvest Brand 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Harvest Etf

Harvest Brand financial ratios help investors to determine whether Harvest 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 Harvest with respect to the benefits of owning Harvest Brand security.