Consumer Staples Etf Forecast - Simple Regression
| XLP Etf | USD 81.79 0.12 0.15% |
The Simple Regression forecasted value of Consumer Staples Select on the next trading day is expected to be 81.87 with a mean absolute deviation of 1.21 and the sum of the absolute errors of 74.96. Consumer Etf Forecast is based on your current time horizon.
Consumer |
Open Interest Against 2025-06-20 Consumer Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Consumer Staples' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Consumer Staples' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Consumer Staples stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Consumer Staples' open interest, investors have to compare it to Consumer Staples' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Consumer Staples is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Consumer. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Consumer Staples Simple Regression Price Forecast For the 3rd of April
Given 90 days horizon, the Simple Regression forecasted value of Consumer Staples Select on the next trading day is expected to be 81.87 with a mean absolute deviation of 1.21, mean absolute percentage error of 2.08, and the sum of the absolute errors of 74.96.Please note that although there have been many attempts to predict Consumer 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 Consumer Staples' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Consumer Staples Etf Forecast Pattern
| Backtest Consumer Staples | Consumer Staples Price Prediction | Buy or Sell Advice |
Consumer Staples Forecasted Value
In the context of forecasting Consumer Staples' 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. Consumer Staples' downside and upside margins for the forecasting period are 80.94 and 82.81, respectively. We have considered Consumer Staples' 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 Consumer Staples etf data series using in forecasting. Note that when a statistical model is used to represent Consumer Staples 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 | 120.6822 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.2091 |
| MAPE | Mean absolute percentage error | 0.0152 |
| SAE | Sum of the absolute errors | 74.9614 |
Predictive Modules for Consumer Staples
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Consumer Staples Select. 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 Consumer Staples
For every potential investor in Consumer, whether a beginner or expert, Consumer Staples' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Consumer Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Consumer. Basic forecasting techniques help filter out the noise by identifying Consumer Staples' price trends.Consumer Staples 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 Consumer Staples etf to make a market-neutral strategy. Peer analysis of Consumer Staples could also be used in its relative valuation, which is a method of valuing Consumer Staples by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Consumer Staples Select 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 Consumer Staples' 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 Consumer Staples' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Consumer Staples Market Strength Events
Market strength indicators help investors to evaluate how Consumer Staples etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Consumer Staples shares will generate the highest return on investment. By undertsting and applying Consumer Staples etf market strength indicators, traders can identify Consumer Staples Select entry and exit signals to maximize returns.
Consumer Staples Risk Indicators
The analysis of Consumer Staples' 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 Consumer Staples' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting consumer 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 | 0.705 | |||
| Semi Deviation | 0.9084 | |||
| Standard Deviation | 0.9198 | |||
| Variance | 0.846 | |||
| Downside Variance | 0.9817 | |||
| Semi Variance | 0.8253 | |||
| Expected Short fall | (0.70) |
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.
Pair Trading with Consumer Staples
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Consumer Staples position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Consumer Staples will appreciate offsetting losses from the drop in the long position's value.Moving together with Consumer Etf
| 0.95 | VDC | Vanguard Consumer Staples | PairCorr |
| 0.88 | IYK | iShares Consumer Staples | PairCorr |
| 0.85 | KXI | iShares Global Consumer | PairCorr |
| 0.94 | FSTA | Fidelity MSCI Consumer | PairCorr |
The ability to find closely correlated positions to Consumer Staples could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Consumer Staples when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Consumer Staples - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Consumer Staples Select to buy it.
The correlation of Consumer Staples is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Consumer Staples moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Consumer Staples Select moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Consumer Staples can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Consumer Staples to cross-verify your projections. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
The market value of Consumer Staples Select is measured differently than its book value, which is the value of Consumer that is recorded on the company's balance sheet. Investors also form their own opinion of Consumer Staples' value that differs from its market value or its book value, called intrinsic value, which is Consumer Staples' 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 Consumer Staples' market value can be influenced by many factors that don't directly affect Consumer Staples' 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 Consumer Staples' value and its price as these two are different measures arrived at by different means. Investors typically determine if Consumer Staples is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Consumer Staples' 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.