21Shares Bitwise Etf Forward View - Simple Regression
| KEYS Etf | USD 25.02 1.80 6.71% |
21Shares Etf outlook is based on your current time horizon.
At this time, the relative strength momentum indicator of 21Shares Bitwise's share price is approaching 31. This indicates that the etf is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling 21Shares Bitwise, making its price go up or down. Momentum 31
Sell Stretched
Oversold | Overbought |
Using 21Shares Bitwise hype-based prediction, you can estimate the value of 21Shares Bitwise Select from the perspective of 21Shares Bitwise response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of 21Shares Bitwise Select on the next trading day is expected to be 27.82 with a mean absolute deviation of 1.35 and the sum of the absolute errors of 82.06. 21Shares Bitwise after-hype prediction price | USD 26.85 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as etf price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
21Shares |
21Shares Bitwise Additional Predictive Modules
Most predictive techniques to examine 21Shares price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for 21Shares using various technical indicators. When you analyze 21Shares charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
21Shares Bitwise Simple Regression Price Forecast For the 3rd of February
Given 90 days horizon, the Simple Regression forecasted value of 21Shares Bitwise Select on the next trading day is expected to be 27.82 with a mean absolute deviation of 1.35, mean absolute percentage error of 2.75, and the sum of the absolute errors of 82.06.Please note that although there have been many attempts to predict 21Shares Etf prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that 21Shares Bitwise's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
21Shares Bitwise Etf Forecast Pattern
| Backtest 21Shares Bitwise | 21Shares Bitwise Price Prediction | Research Analysis |
21Shares Bitwise Forecasted Value
In the context of forecasting 21Shares Bitwise'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. 21Shares Bitwise's downside and upside margins for the forecasting period are 24.88 and 30.76, respectively. We have considered 21Shares Bitwise'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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of 21Shares Bitwise etf data series using in forecasting. Note that when a statistical model is used to represent 21Shares Bitwise 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 | 119.1205 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.3453 |
| MAPE | Mean absolute percentage error | 0.0445 |
| SAE | Sum of the absolute errors | 82.0632 |
Predictive Modules for 21Shares Bitwise
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 21Shares Bitwise Select. 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.21Shares Bitwise After-Hype Price Density Analysis
As far as predicting the price of 21Shares Bitwise at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in 21Shares Bitwise or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Etf prices, such as prices of 21Shares Bitwise, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
21Shares Bitwise Estimiated After-Hype Price Volatility
In the context of predicting 21Shares Bitwise's etf value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on 21Shares Bitwise's historical news coverage. 21Shares Bitwise's after-hype downside and upside margins for the prediction period are 23.91 and 29.79, respectively. We have considered 21Shares Bitwise's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
21Shares Bitwise is not too volatile at this time. Analysis and calculation of next after-hype price of 21Shares Bitwise Select is based on 3 months time horizon.
21Shares Bitwise Etf Price Outlook Analysis
Have you ever been surprised when a price of a ETF such as 21Shares Bitwise is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading 21Shares Bitwise backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Etf price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with 21Shares Bitwise, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.36 | 2.94 | 0.03 | 0.02 | 2 Events / Month | 1 Events / Month | In a few days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
25.02 | 26.85 | 0.11 |
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21Shares Bitwise Hype Timeline
21Shares Bitwise Select is now traded for 25.02on SIX Swiss Exchange of Switzerland. The entity has historical hype elasticity of 0.03, and average elasticity to hype of competition of -0.02. 21Shares is anticipated to increase in value after the next headline, with the price projected to jump to 26.85 or above. The average volatility of media hype impact on the company the price is over 100%. The price increase on the next news is anticipated to be 0.11%, whereas the daily expected return is now at -0.36%. The volatility of related hype on 21Shares Bitwise is about 5880.0%, with the expected price after the next announcement by competition of 25.00. Assuming the 90 days trading horizon the next anticipated press release will be in a few days. Check out Historical Fundamental Analysis of 21Shares Bitwise to cross-verify your projections.21Shares Bitwise Related Hype Analysis
Having access to credible news sources related to 21Shares Bitwise's direct competition is more important than ever and may enhance your ability to predict 21Shares Bitwise's future price movements. Getting to know how 21Shares Bitwise's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how 21Shares Bitwise may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| POLY | 21Shares Polygon ETP | 0.26 | 3 per month | 0.00 | (0.01) | 25.89 | (23.16) | 76.58 | |
| CBTC | 21Shares Bitcoin Core | 0.00 | 0 per month | 0.00 | (0.16) | 4.52 | (4.77) | 14.86 | |
| ETHC | 21Shares Ethereum Core | 0.00 | 0 per month | 0.00 | (0.17) | 6.90 | (6.51) | 17.81 | |
| AXTZ | 21Shares Tezos staking | 0.00 | 0 per month | 0.00 | (0.05) | 7.34 | (6.50) | 22.98 | |
| ABTC-GBP | 21Shares Bitcoin ETP | 0.12 | 1 per month | 0.00 | (0.17) | 4.75 | (4.44) | 12.67 | |
| ALGO-USD | 21Shares Algorand ETP | (0.01) | 4 per month | 0.00 | (0.15) | 7.69 | (9.04) | 26.90 | |
| AXLM-USD | 21Shares Stellar ETP | 0.00 | 0 per month | 0.00 | (0.16) | 8.67 | (7.81) | 22.71 | |
| AETH-USD | 21Shares Ethereum Staking | (0.64) | 1 per month | 0.00 | (0.13) | 6.64 | (6.29) | 17.90 | |
| ABBA | 21Shares Bitcoin Suisse | (0.18) | 1 per month | 0.00 | (0.16) | 4.27 | (4.93) | 15.05 |
Other Forecasting Options for 21Shares Bitwise
For every potential investor in 21Shares, whether a beginner or expert, 21Shares Bitwise's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. 21Shares Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in 21Shares. Basic forecasting techniques help filter out the noise by identifying 21Shares Bitwise's price trends.21Shares Bitwise 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 21Shares Bitwise etf to make a market-neutral strategy. Peer analysis of 21Shares Bitwise could also be used in its relative valuation, which is a method of valuing 21Shares Bitwise by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
21Shares Bitwise Market Strength Events
Market strength indicators help investors to evaluate how 21Shares Bitwise etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 21Shares Bitwise shares will generate the highest return on investment. By undertsting and applying 21Shares Bitwise etf market strength indicators, traders can identify 21Shares Bitwise Select entry and exit signals to maximize returns.
21Shares Bitwise Risk Indicators
The analysis of 21Shares Bitwise'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 21Shares Bitwise's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting 21shares 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 | 2.24 | |||
| Standard Deviation | 3.02 | |||
| Variance | 9.11 |
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.
Story Coverage note for 21Shares Bitwise
The number of cover stories for 21Shares Bitwise depends on current market conditions and 21Shares Bitwise's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that 21Shares Bitwise is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about 21Shares Bitwise's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Other Information on Investing in 21Shares Etf
21Shares Bitwise financial ratios help investors to determine whether 21Shares 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 21Shares with respect to the benefits of owning 21Shares Bitwise security.