Coinbase Forecast - Simple Regression
19260QAC1 | 52.75 38.47 42.17% |
The Simple Regression forecasted value of Coinbase Global on the next trading day is expected to be 72.43 with a mean absolute deviation of 7.15 and the sum of the absolute errors of 443.13. Coinbase Bond Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Coinbase stock prices and determine the direction of Coinbase Global's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Coinbase's historical fundamentals, such as revenue growth or operating cash flow patterns.
Coinbase |
Coinbase Simple Regression Price Forecast For the 1st of December
Given 90 days horizon, the Simple Regression forecasted value of Coinbase Global on the next trading day is expected to be 72.43 with a mean absolute deviation of 7.15, mean absolute percentage error of 79.96, and the sum of the absolute errors of 443.13.Please note that although there have been many attempts to predict Coinbase Bond 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 Coinbase's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Coinbase Bond Forecast Pattern
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Coinbase Forecasted Value
In the context of forecasting Coinbase's Bond 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. Coinbase's downside and upside margins for the forecasting period are 66.89 and 77.96, respectively. We have considered Coinbase'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 Regression forecasting method's relative quality and the estimations of the prediction error of Coinbase bond data series using in forecasting. Note that when a statistical model is used to represent Coinbase bond, 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 | 124.3299 |
Bias | Arithmetic mean of the errors | None |
MAD | Mean absolute deviation | 7.1473 |
MAPE | Mean absolute percentage error | 0.0949 |
SAE | Sum of the absolute errors | 443.1336 |
Predictive Modules for Coinbase
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Coinbase Global. Regardless of method or technology, however, to accurately forecast the bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the bond 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 Coinbase
For every potential investor in Coinbase, whether a beginner or expert, Coinbase's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Coinbase Bond price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Coinbase. Basic forecasting techniques help filter out the noise by identifying Coinbase's price trends.Coinbase 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 Coinbase bond to make a market-neutral strategy. Peer analysis of Coinbase could also be used in its relative valuation, which is a method of valuing Coinbase by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
Coinbase Global Technical and Predictive Analytics
The bond market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Coinbase'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 Coinbase's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
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Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
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Volume Indicators |
Coinbase Market Strength Events
Market strength indicators help investors to evaluate how Coinbase bond reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Coinbase shares will generate the highest return on investment. By undertsting and applying Coinbase bond market strength indicators, traders can identify Coinbase Global entry and exit signals to maximize returns.
Daily Balance Of Power | (9,223,372,036,855) | |||
Rate Of Daily Change | 0.58 | |||
Day Median Price | 52.75 | |||
Day Typical Price | 52.75 | |||
Price Action Indicator | (19.23) | |||
Period Momentum Indicator | (38.47) | |||
Relative Strength Index | 58.28 |
Coinbase Risk Indicators
The analysis of Coinbase'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 Coinbase's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting coinbase bond 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. One of the essential factors to consider when estimating the risk of default for a bond instrument is its duration, which is the bond's price sensitivity to changes in interest rates. The duration of Coinbase Global bond is primarily affected by its yield, coupon rate, and time to maturity. The duration of a bond will be higher the lower its coupon, lower its yield, and longer the time left to maturity.
Mean Deviation | 3.93 | |||
Standard Deviation | 8.71 | |||
Variance | 75.94 |
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 Coinbase Bond
Coinbase financial ratios help investors to determine whether Coinbase Bond 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 Coinbase with respect to the benefits of owning Coinbase security.