Themes Small Etf Forecast - Naive Prediction
| SMCF Etf | 34.09 0.13 0.38% |
The Naive Prediction forecasted value of Themes Small Cap on the next trading day is expected to be 33.95 with a mean absolute deviation of 0.38 and the sum of the absolute errors of 23.25. Themes Etf Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Themes Small's historical fundamentals, such as revenue growth or operating cash flow patterns.
Themes |
Themes Small Naive Prediction Price Forecast For the 29th of November
Given 90 days horizon, the Naive Prediction forecasted value of Themes Small Cap on the next trading day is expected to be 33.95 with a mean absolute deviation of 0.38, mean absolute percentage error of 0.22, and the sum of the absolute errors of 23.25.Please note that although there have been many attempts to predict Themes 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 Themes Small's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Themes Small Etf Forecast Pattern
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Themes Small Forecasted Value
In the context of forecasting Themes Small'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. Themes Small's downside and upside margins for the forecasting period are 32.70 and 35.20, respectively. We have considered Themes Small'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 Themes Small etf data series using in forecasting. Note that when a statistical model is used to represent Themes Small 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 | 116.5964 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3812 |
| MAPE | Mean absolute percentage error | 0.0121 |
| SAE | Sum of the absolute errors | 23.2514 |
Predictive Modules for Themes Small
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Themes Small Cap. 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 Themes Small'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.
Other Forecasting Options for Themes Small
For every potential investor in Themes, whether a beginner or expert, Themes Small's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Themes Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Themes. Basic forecasting techniques help filter out the noise by identifying Themes Small's price trends.Themes Small 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 Themes Small etf to make a market-neutral strategy. Peer analysis of Themes Small could also be used in its relative valuation, which is a method of valuing Themes Small by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Themes Small Cap 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 Themes Small'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 Themes Small's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Themes Small Market Strength Events
Market strength indicators help investors to evaluate how Themes Small etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Themes Small shares will generate the highest return on investment. By undertsting and applying Themes Small etf market strength indicators, traders can identify Themes Small Cap entry and exit signals to maximize returns.
Themes Small Risk Indicators
The analysis of Themes Small'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 Themes Small's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting themes 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 | 0.908 | |||
| Semi Deviation | 0.8241 | |||
| Standard Deviation | 1.25 | |||
| Variance | 1.56 | |||
| Downside Variance | 0.9723 | |||
| Semi Variance | 0.6791 | |||
| Expected Short fall | (1.09) |
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.
Currently Active Assets on Macroaxis
When determining whether Themes Small Cap is a strong investment it is important to analyze Themes Small's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Themes Small's future performance. For an informed investment choice regarding Themes Etf, refer to the following important reports:Check out Historical Fundamental Analysis of Themes Small to cross-verify your projections. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
The market value of Themes Small Cap is measured differently than its book value, which is the value of Themes that is recorded on the company's balance sheet. Investors also form their own opinion of Themes Small's value that differs from its market value or its book value, called intrinsic value, which is Themes Small'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 Themes Small's market value can be influenced by many factors that don't directly affect Themes Small'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 Themes Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if Themes Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Themes Small'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.