Sprott Lithium Etf Forecast - Naive Prediction
| LITP Etf | 15.50 0.50 3.12% |
Sprott Etf outlook is based on your current time horizon.
The relative strength momentum indicator of Sprott Lithium's etf price is slightly above 67. This indicates that the etf is rather overbought by investors as of today. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Sprott, making its price go up or down. Momentum 67
Buy Stretched
Oversold | Overbought |
Using Sprott Lithium hype-based prediction, you can estimate the value of Sprott Lithium Miners from the perspective of Sprott Lithium response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Sprott Lithium Miners on the next trading day is expected to be 14.95 with a mean absolute deviation of 0.35 and the sum of the absolute errors of 21.56. Sprott Lithium after-hype prediction price | USD 15.78 |
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.
Check out Historical Fundamental Analysis of Sprott Lithium to cross-verify your projections. Sprott Lithium Additional Predictive Modules
Most predictive techniques to examine Sprott price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Sprott using various technical indicators. When you analyze Sprott 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 |
Sprott Lithium Naive Prediction Price Forecast For the 27th of January
Given 90 days horizon, the Naive Prediction forecasted value of Sprott Lithium Miners on the next trading day is expected to be 14.95 with a mean absolute deviation of 0.35, mean absolute percentage error of 0.19, and the sum of the absolute errors of 21.56.Please note that although there have been many attempts to predict Sprott 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 Sprott Lithium's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Sprott Lithium Etf Forecast Pattern
| Backtest Sprott Lithium | Sprott Lithium Price Prediction | Buy or Sell Advice |
Sprott Lithium Forecasted Value
In the context of forecasting Sprott Lithium'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. Sprott Lithium's downside and upside margins for the forecasting period are 11.75 and 18.15, respectively. We have considered Sprott Lithium'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Sprott Lithium etf data series using in forecasting. Note that when a statistical model is used to represent Sprott Lithium 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 | 116.4236 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3535 |
| MAPE | Mean absolute percentage error | 0.0305 |
| SAE | Sum of the absolute errors | 21.5607 |
Predictive Modules for Sprott Lithium
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sprott Lithium Miners. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sprott Lithium'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.
Sprott Lithium After-Hype Price Density Analysis
As far as predicting the price of Sprott Lithium 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 Sprott Lithium 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 Sprott Lithium, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Sprott Lithium Estimiated After-Hype Price Volatility
In the context of predicting Sprott Lithium's etf value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Sprott Lithium's historical news coverage. Sprott Lithium's after-hype downside and upside margins for the prediction period are 12.60 and 18.96, respectively. We have considered Sprott Lithium'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 outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Sprott Lithium is not too volatile at this time. Analysis and calculation of next after-hype price of Sprott Lithium Miners is based on 3 months time horizon.
Sprott Lithium Etf Price Outlook Analysis
Have you ever been surprised when a price of a ETF such as Sprott Lithium is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Sprott Lithium 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 Sprott Lithium, 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 |
0.93 | 3.20 | 0.12 | 0.04 | 4 Events / Month | 2 Events / Month | In about 4 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
15.50 | 15.78 | 0.82 |
|
Sprott Lithium Hype Timeline
Sprott Lithium Miners is now traded for 15.50. The entity has historical hype elasticity of -0.12, and average elasticity to hype of competition of -0.04. Sprott is anticipated to decline in value after the next headline, with the price expected to drop to 15.78. The average volatility of media hype impact on the company price is over 100%. The price decrease on the next news is expected to be -0.82%, whereas the daily expected return is now at 0.93%. The volatility of related hype on Sprott Lithium is about 8421.05%, with the expected price after the next announcement by competition of 15.46. The company had not issued any dividends in recent years. Given the investment horizon of 90 days the next anticipated press release will be in about 4 days. Check out Historical Fundamental Analysis of Sprott Lithium to cross-verify your projections.Sprott Lithium Related Hype Analysis
Having access to credible news sources related to Sprott Lithium's direct competition is more important than ever and may enhance your ability to predict Sprott Lithium's future price movements. Getting to know how Sprott Lithium'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 Sprott Lithium may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| JMID | Janus Henderson Mid | 0.00 | 0 per month | 1.03 | (0.07) | 1.33 | (1.72) | 3.46 | |
| HFGM | Unlimited HFGM Global | (0.03) | 5 per month | 1.27 | 0.03 | 2.19 | (2.40) | 6.28 | |
| UXI | ProShares Ultra Industrials | 0.34 | 2 per month | 1.84 | 0.06 | 2.75 | (3.39) | 7.75 | |
| JUSA | JP Morgan Exchange Traded | (0.28) | 2 per month | 0.78 | (0.04) | 1.13 | (1.16) | 3.72 | |
| XTAP | Innovator Equity Accelerated | 0.01 | 2 per month | 0.08 | (0.17) | 0.39 | (0.42) | 1.12 | |
| LOGO | Alpha Brands Consumption | (0.06) | 9 per month | 0.00 | (0.16) | 0.95 | (1.43) | 3.61 | |
| XNOV | FT Cboe Vest | 0.03 | 1 per month | 0.00 | (0.13) | 0.35 | (0.24) | 1.38 | |
| QPX | AdvisorShares Q Dynamic | 0.07 | 2 per month | 0.95 | (0.02) | 1.17 | (1.61) | 4.36 | |
| CDEI | Morgan Stanley ETF | (0.69) | 2 per month | 0.69 | (0.04) | 1.18 | (1.19) | 3.63 | |
| AUGZ | TrueShares Structured Outcome | 0.23 | 1 per month | 0.62 | (0.08) | 0.74 | (0.93) | 2.96 |
Other Forecasting Options for Sprott Lithium
For every potential investor in Sprott, whether a beginner or expert, Sprott Lithium's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Sprott Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Sprott. Basic forecasting techniques help filter out the noise by identifying Sprott Lithium's price trends.Sprott Lithium 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 Sprott Lithium etf to make a market-neutral strategy. Peer analysis of Sprott Lithium could also be used in its relative valuation, which is a method of valuing Sprott Lithium by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sprott Lithium Market Strength Events
Market strength indicators help investors to evaluate how Sprott Lithium etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sprott Lithium shares will generate the highest return on investment. By undertsting and applying Sprott Lithium etf market strength indicators, traders can identify Sprott Lithium Miners entry and exit signals to maximize returns.
Sprott Lithium Risk Indicators
The analysis of Sprott Lithium'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 Sprott Lithium's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sprott 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 | 2.63 | |||
| Semi Deviation | 2.4 | |||
| Standard Deviation | 3.29 | |||
| Variance | 10.86 | |||
| Downside Variance | 9.23 | |||
| Semi Variance | 5.78 | |||
| Expected Short fall | (2.90) |
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 Sprott Lithium
The number of cover stories for Sprott Lithium depends on current market conditions and Sprott Lithium's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Sprott Lithium 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 Sprott Lithium's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
Other Macroaxis Stories
Our audience includes start-ups and big corporations as well as marketing, public relation firms, and advertising agencies, including technology and finance journalists. Our platform and its news and story outlet are popular among finance students, amateur traders, self-guided investors, entrepreneurs, retirees and baby boomers, academic researchers, financial advisers, as well as professional money managers - a very diverse and influential demographic landscape united by one goal - build optimal investment portfolios
Story Categories
Currently Trending Categories
Check out Historical Fundamental Analysis of Sprott Lithium to cross-verify your projections. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
The market value of Sprott Lithium Miners is measured differently than its book value, which is the value of Sprott that is recorded on the company's balance sheet. Investors also form their own opinion of Sprott Lithium's value that differs from its market value or its book value, called intrinsic value, which is Sprott Lithium's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sprott Lithium's market value can be influenced by many factors that don't directly affect Sprott Lithium's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sprott Lithium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Lithium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Lithium's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.