Global X ETF Forward View - 8 Period Moving Average
| MLPX ETF | USD 72.49 -0.83 -1.13% |
Global X MLP's 8 Period Moving Average forecast is generated from the selected price series and evaluated against observed values. Forecast accuracy depends on how stable the recent price trend has been — trending markets suit some models better than others. The 8 Period Moving Average model projects Global X at 74.23 for the next trading day, above the most recent closing price. All values shown are model-generated projections and should be evaluated alongside other analytical inputs.
8 Period Moving Average Price Forecast For the 10th of May
Over a 90-day horizon, the 8 Period Moving Average model forecasts Global X at 74.23 for the next trading day, with a mean absolute deviation of 1.30 , mean absolute percentage error of 0.02 , and sum of absolute errors of 68.65 .This represents a very tight forecast — the model closely tracks Global X's recent price behavior. This output is intended for short-term analytical reference.
ETF Forecast Pattern
| Backtest Global X | Global X Price Prediction | Research Analysis |
Forecasted Value
This forecast for Global X frames the expected trading range using downside and upside bounds rather than a single point target. The model places downside around 73.23 and upside around 75.23 for the next session. The narrow range indicates limited short-term dispersion.
Model Predictive Factors
The table below summarizes the 8 Period Moving Average model's error metrics for Global X ETF. Lower MAD and MAPE values indicate tighter forecast accuracy. AIC measures relative model quality — lower values indicate less information loss and a better-fitting model. A large Bias suggests systematic over- or under-prediction.| AIC | Akaike Information Criteria | 104.2875 |
| Bias | Arithmetic mean of the errors | -0.3293 |
| MAD | Mean absolute deviation | 1.2954 |
| MAPE | Mean absolute percentage error | 0.0177 |
| SAE | Sum of the absolute errors | 68.6538 |
Other Forecasting Options for Global X
Bollinger Bands applied to Global X ETF price data measure how far Global X has deviated from its recent average relative to its own volatility. This distinction drives the choice of forecasting model applied to Global X's price data.Global X Comparable Funds
These peer funds help position Global X within a broader category rather than against operating businesses. This peer set gives investors a way to compare Global X's structure and outcomes against similar portfolio vehicles. Peer comparison adds context for Global X without forcing a company-style competitive framework onto the fund. This category lens gives the comparison list a clearer purpose for Global X.
| Risk & Return | Correlation |
Global X Market Strength Events
Market strength indicators for Global X quantify how the ETF responds to shifts in volume and sentiment. These indicators capture shifts in momentum that may precede significant price moves in Global X.
Global X Risk Indicators
Analyzing Global X's risk indicators separates symmetric price swings from asymmetric downside exposure. Understanding and quantifying the risks present in Global X helps place recent price behavior in context.
| Mean Deviation | 0.77 | |||
| Semi Deviation | 0.7202 | |||
| Standard Deviation | 0.9923 | |||
| Variance | 0.9847 | |||
| Downside Variance | 0.7271 | |||
| Semi Variance | 0.5186 | |||
| Expected Short fall | -0.90 |
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.