ThaiDex SET50 Etf Forecast - Simple Exponential Smoothing
| TDEX Etf | THB 9.16 0.03 0.33% |
The Simple Exponential Smoothing forecasted value of ThaiDex SET50 Exchange on the next trading day is expected to be 9.16 with a mean absolute deviation of 0.04 and the sum of the absolute errors of 2.58. ThaiDex Etf Forecast is based on your current time horizon.
ThaiDex |
ThaiDex SET50 Simple Exponential Smoothing Price Forecast For the 28th of November
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of ThaiDex SET50 Exchange on the next trading day is expected to be 9.16 with a mean absolute deviation of 0.04, mean absolute percentage error of 0.01, and the sum of the absolute errors of 2.58.Please note that although there have been many attempts to predict ThaiDex 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 ThaiDex SET50's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ThaiDex SET50 Etf Forecast Pattern
| Backtest ThaiDex SET50 | ThaiDex SET50 Price Prediction | Buy or Sell Advice |
ThaiDex SET50 Forecasted Value
In the context of forecasting ThaiDex SET50'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. ThaiDex SET50's downside and upside margins for the forecasting period are 8.32 and 10.00, respectively. We have considered ThaiDex SET50'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 Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of ThaiDex SET50 etf data series using in forecasting. Note that when a statistical model is used to represent ThaiDex SET50 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 | 112.9498 |
| Bias | Arithmetic mean of the errors | -0.0125 |
| MAD | Mean absolute deviation | 0.0423 |
| MAPE | Mean absolute percentage error | 0.0046 |
| SAE | Sum of the absolute errors | 2.58 |
Predictive Modules for ThaiDex SET50
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ThaiDex SET50 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 ThaiDex SET50
For every potential investor in ThaiDex, whether a beginner or expert, ThaiDex SET50's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ThaiDex Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ThaiDex. Basic forecasting techniques help filter out the noise by identifying ThaiDex SET50's price trends.ThaiDex SET50 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 ThaiDex SET50 etf to make a market-neutral strategy. Peer analysis of ThaiDex SET50 could also be used in its relative valuation, which is a method of valuing ThaiDex SET50 by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ThaiDex SET50 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 ThaiDex SET50'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 ThaiDex SET50's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ThaiDex SET50 Market Strength Events
Market strength indicators help investors to evaluate how ThaiDex SET50 etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ThaiDex SET50 shares will generate the highest return on investment. By undertsting and applying ThaiDex SET50 etf market strength indicators, traders can identify ThaiDex SET50 Exchange entry and exit signals to maximize returns.
| Accumulation Distribution | 725.32 | |||
| Daily Balance Of Power | (0.50) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 9.17 | |||
| Day Typical Price | 9.17 | |||
| Price Action Indicator | (0.03) | |||
| Period Momentum Indicator | (0.03) |
ThaiDex SET50 Risk Indicators
The analysis of ThaiDex SET50'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 ThaiDex SET50's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting thaidex 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 | 0.5427 | |||
| Standard Deviation | 0.8399 | |||
| Variance | 0.7054 | |||
| Downside Variance | 0.5507 | |||
| Semi Variance | (0) | |||
| Expected Short fall | (1.01) |
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.
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ThaiDex SET50 financial ratios help investors to determine whether ThaiDex 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 ThaiDex with respect to the benefits of owning ThaiDex SET50 security.