IBEX Total Index Forecast - 8 Period Moving Average
| IBEXTR Index | 42,038 381.30 0.92% |
IBEX Total 8 Period Moving Average Price Forecast For the 25th of January
Given 90 days horizon, the 8 Period Moving Average forecasted value of IBEX Total Return on the next trading day is expected to be 41,794 with a mean absolute deviation of 490.59, mean absolute percentage error of 345,353, and the sum of the absolute errors of 26,001.Please note that although there have been many attempts to predict IBEX Index 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 IBEX Total's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
IBEX Total Index Forecast Pattern
IBEX Total Forecasted Value
In the context of forecasting IBEX Total's Index 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. IBEX Total's downside and upside margins for the forecasting period are 41,793 and 41,795, respectively. We have considered IBEX Total'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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of IBEX Total index data series using in forecasting. Note that when a statistical model is used to represent IBEX Total index, 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 | 116.1598 |
| Bias | Arithmetic mean of the errors | -114.7472 |
| MAD | Mean absolute deviation | 490.5868 |
| MAPE | Mean absolute percentage error | 0.012 |
| SAE | Sum of the absolute errors | 26001.1 |
Predictive Modules for IBEX Total
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as IBEX Total Return. Regardless of method or technology, however, to accurately forecast the index market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the index 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 IBEX Total's 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.
Other Forecasting Options for IBEX Total
For every potential investor in IBEX, whether a beginner or expert, IBEX Total's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. IBEX Index price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in IBEX. Basic forecasting techniques help filter out the noise by identifying IBEX Total's price trends.IBEX Total 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 IBEX Total index to make a market-neutral strategy. Peer analysis of IBEX Total could also be used in its relative valuation, which is a method of valuing IBEX Total by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
IBEX Total Return Technical and Predictive Analytics
The index market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of IBEX Total'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 IBEX Total's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
IBEX Total Market Strength Events
Market strength indicators help investors to evaluate how IBEX Total index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IBEX Total shares will generate the highest return on investment. By undertsting and applying IBEX Total index market strength indicators, traders can identify IBEX Total Return entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0117 | |||
| Daily Balance Of Power | 0.7731 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 41825.6 | |||
| Day Typical Price | 41896.37 | |||
| Market Facilitation Index | 493.2 | |||
| Price Action Indicator | 402.95 | |||
| Period Momentum Indicator | 381.3 | |||
| Relative Strength Index | 54.16 |
IBEX Total Risk Indicators
The analysis of IBEX Total'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 IBEX Total's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ibex index 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 | 0.5922 | |||
| Semi Deviation | 0.8284 | |||
| Standard Deviation | 0.8046 | |||
| Variance | 0.6474 | |||
| Downside Variance | 0.835 | |||
| Semi Variance | 0.6863 | |||
| Expected Short fall | (0.60) |
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.