ICICI Prudential Etf Forecast - 20 Period Moving Average
| ICICIM150 | 21.66 0.00 0.00% |
ICICI |
ICICI Prudential 20 Period Moving Average Price Forecast For the 3rd of December
Given 90 days horizon, the 20 Period Moving Average forecasted value of ICICI Prudential Amc on the next trading day is expected to be 29.19 with a mean absolute deviation of 38.40, mean absolute percentage error of 3,971, and the sum of the absolute errors of 1,574.Please note that although there have been many attempts to predict ICICI 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 ICICI Prudential's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ICICI Prudential Etf Forecast Pattern
ICICI Prudential Forecasted Value
In the context of forecasting ICICI Prudential'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. ICICI Prudential's downside and upside margins for the forecasting period are 18.09 and 40.30, respectively. We have considered ICICI Prudential'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of ICICI Prudential etf data series using in forecasting. Note that when a statistical model is used to represent ICICI Prudential 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 | 89.6397 |
| Bias | Arithmetic mean of the errors | 38.3999 |
| MAD | Mean absolute deviation | 38.3999 |
| MAPE | Mean absolute percentage error | 1.7728 |
| SAE | Sum of the absolute errors | 1574.397 |
Predictive Modules for ICICI Prudential
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ICICI Prudential Amc. 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 ICICI Prudential
For every potential investor in ICICI, whether a beginner or expert, ICICI Prudential's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ICICI Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ICICI. Basic forecasting techniques help filter out the noise by identifying ICICI Prudential's price trends.ICICI Prudential 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 ICICI Prudential etf to make a market-neutral strategy. Peer analysis of ICICI Prudential could also be used in its relative valuation, which is a method of valuing ICICI Prudential by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ICICI Prudential Amc 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 ICICI Prudential'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 ICICI Prudential's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ICICI Prudential Market Strength Events
Market strength indicators help investors to evaluate how ICICI Prudential etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ICICI Prudential shares will generate the highest return on investment. By undertsting and applying ICICI Prudential etf market strength indicators, traders can identify ICICI Prudential Amc entry and exit signals to maximize returns.
ICICI Prudential Risk Indicators
The analysis of ICICI Prudential'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 ICICI Prudential's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting icici 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 | 2.61 | |||
| Standard Deviation | 10.76 | |||
| Variance | 115.82 |
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.