UBS ETRACS Etf Forecast - Naive Prediction
| WTID Etf | USD 11.01 0.00 0.00% |
The Naive Prediction forecasted value of UBS ETRACS on the next trading day is expected to be 10.33 with a mean absolute deviation of 0.72 and the sum of the absolute errors of 43.71. UBS Etf Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast UBS ETRACS stock prices and determine the direction of UBS ETRACS 's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of UBS ETRACS's historical fundamentals, such as revenue growth or operating cash flow patterns.
At the present time the relative strength momentum indicator of UBS ETRACS's share price is below 20 . This entails that the etf is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using UBS ETRACS hype-based prediction, you can estimate the value of UBS ETRACS from the perspective of UBS ETRACS response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of UBS ETRACS on the next trading day is expected to be 10.33 with a mean absolute deviation of 0.72 and the sum of the absolute errors of 43.71. UBS ETRACS after-hype prediction price | USD 11.03 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as etf price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of UBS ETRACS to cross-verify your projections. UBS ETRACS Additional Predictive Modules
Most predictive techniques to examine UBS price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for UBS using various technical indicators. When you analyze UBS charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
UBS ETRACS Naive Prediction Price Forecast For the 3rd of January
Given 90 days horizon, the Naive Prediction forecasted value of UBS ETRACS on the next trading day is expected to be 10.33 with a mean absolute deviation of 0.72, mean absolute percentage error of 1.06, and the sum of the absolute errors of 43.71.Please note that although there have been many attempts to predict UBS 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 UBS ETRACS's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
UBS ETRACS Etf Forecast Pattern
| Backtest UBS ETRACS | UBS ETRACS Price Prediction | Buy or Sell Advice |
UBS ETRACS Forecasted Value
In the context of forecasting UBS ETRACS'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. UBS ETRACS's downside and upside margins for the forecasting period are 0.11 and 21.36, respectively. We have considered UBS ETRACS'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 UBS ETRACS etf data series using in forecasting. Note that when a statistical model is used to represent UBS ETRACS 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 | 118.1691 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.7166 |
| MAPE | Mean absolute percentage error | 0.0653 |
| SAE | Sum of the absolute errors | 43.7106 |
Predictive Modules for UBS ETRACS
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as UBS ETRACS. 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 UBS ETRACS
For every potential investor in UBS, whether a beginner or expert, UBS ETRACS's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. UBS Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in UBS. Basic forecasting techniques help filter out the noise by identifying UBS ETRACS's price trends.UBS ETRACS 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 UBS ETRACS etf to make a market-neutral strategy. Peer analysis of UBS ETRACS could also be used in its relative valuation, which is a method of valuing UBS ETRACS by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
UBS ETRACS 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 UBS ETRACS'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 UBS ETRACS's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
UBS ETRACS Market Strength Events
Market strength indicators help investors to evaluate how UBS ETRACS etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading UBS ETRACS shares will generate the highest return on investment. By undertsting and applying UBS ETRACS etf market strength indicators, traders can identify UBS ETRACS entry and exit signals to maximize returns.
| Accumulation Distribution | 19.74 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 11.15 | |||
| Day Typical Price | 11.1 | |||
| Market Facilitation Index | 4.0E-4 | |||
| Price Action Indicator | (0.14) |
UBS ETRACS Risk Indicators
The analysis of UBS ETRACS'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 UBS ETRACS's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ubs 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 | 8.93 | |||
| Semi Deviation | 10.36 | |||
| Standard Deviation | 13.05 | |||
| Variance | 170.17 | |||
| Downside Variance | 120.98 | |||
| Semi Variance | 107.38 | |||
| Expected Short fall | (10.61) |
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.| JBL | Jabil Circuit | |
| MRK | Merck Company | |
| AMGN | Amgen Inc |
Check out Historical Fundamental Analysis of UBS ETRACS to cross-verify your projections. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
The market value of UBS ETRACS is measured differently than its book value, which is the value of UBS that is recorded on the company's balance sheet. Investors also form their own opinion of UBS ETRACS's value that differs from its market value or its book value, called intrinsic value, which is UBS ETRACS'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 UBS ETRACS's market value can be influenced by many factors that don't directly affect UBS ETRACS'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 UBS ETRACS's value and its price as these two are different measures arrived at by different means. Investors typically determine if UBS ETRACS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, UBS ETRACS'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.