NewWave Silver Etf Forecast - 8 Period Moving Average
| NEWSLV Etf | 525.00 2.00 0.38% |
The 8 Period Moving Average forecasted value of NewWave Silver Exchange on the next trading day is expected to be 529.88 with a mean absolute deviation of 13.05 and the sum of the absolute errors of 704.75. NewWave Etf Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast NewWave Silver stock prices and determine the direction of NewWave Silver Exchange's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of NewWave Silver's historical fundamentals, such as revenue growth or operating cash flow patterns.
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NewWave Silver 8 Period Moving Average Price Forecast For the 29th of November
Given 90 days horizon, the 8 Period Moving Average forecasted value of NewWave Silver Exchange on the next trading day is expected to be 529.88 with a mean absolute deviation of 13.05, mean absolute percentage error of 264.54, and the sum of the absolute errors of 704.75.Please note that although there have been many attempts to predict NewWave 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 NewWave Silver's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
NewWave Silver Etf Forecast Pattern
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NewWave Silver Forecasted Value
In the context of forecasting NewWave Silver'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. NewWave Silver's downside and upside margins for the forecasting period are 528.32 and 531.43, respectively. We have considered NewWave Silver'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 NewWave Silver etf data series using in forecasting. Note that when a statistical model is used to represent NewWave Silver 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 | 110.8234 |
| Bias | Arithmetic mean of the errors | -3.4583 |
| MAD | Mean absolute deviation | 13.0509 |
| MAPE | Mean absolute percentage error | 0.0243 |
| SAE | Sum of the absolute errors | 704.75 |
Predictive Modules for NewWave Silver
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NewWave Silver Exchange. 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 NewWave Silver
For every potential investor in NewWave, whether a beginner or expert, NewWave Silver's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. NewWave Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in NewWave. Basic forecasting techniques help filter out the noise by identifying NewWave Silver's price trends.NewWave Silver 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 NewWave Silver etf to make a market-neutral strategy. Peer analysis of NewWave Silver could also be used in its relative valuation, which is a method of valuing NewWave Silver by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
NewWave Silver Exchange 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 NewWave Silver'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 NewWave Silver's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
NewWave Silver Market Strength Events
Market strength indicators help investors to evaluate how NewWave Silver etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NewWave Silver shares will generate the highest return on investment. By undertsting and applying NewWave Silver etf market strength indicators, traders can identify NewWave Silver Exchange entry and exit signals to maximize returns.
| Accumulation Distribution | 2955.46 | |||
| Daily Balance Of Power | (0.20) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 526.0 | |||
| Day Typical Price | 525.67 | |||
| Market Facilitation Index | 1.0E-4 | |||
| Price Action Indicator | (2.00) | |||
| Period Momentum Indicator | (2.00) | |||
| Relative Strength Index | 46.28 |
NewWave Silver Risk Indicators
The analysis of NewWave Silver'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 NewWave Silver's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting newwave 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 | 1.18 | |||
| Semi Deviation | 1.63 | |||
| Standard Deviation | 1.57 | |||
| Variance | 2.46 | |||
| Downside Variance | 3.18 | |||
| Semi Variance | 2.65 | |||
| Expected Short fall | (1.17) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in NewWave Etf
NewWave Silver financial ratios help investors to determine whether NewWave 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 NewWave with respect to the benefits of owning NewWave Silver security.