XMR Crypto Coin Forecast - Simple Exponential Smoothing
| XMR Crypto | USD 156.67 4.65 2.88% |
The Simple Exponential Smoothing forecasted value of XMR on the next trading day is expected to be 156.67 with a mean absolute deviation of 3.36 and the sum of the absolute errors of 201.36. XMR Crypto Coin Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast XMR crypto prices and determine the direction of XMR's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of XMR's historical fundamentals, such as revenue growth or operating cash flow patterns.
XMR |
XMR Simple Exponential Smoothing Price Forecast For the 26th of November
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of XMR on the next trading day is expected to be 156.67 with a mean absolute deviation of 3.36, mean absolute percentage error of 21.05, and the sum of the absolute errors of 201.36.Please note that although there have been many attempts to predict XMR Crypto Coin 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 XMR's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
XMR Crypto Coin Forecast Pattern
XMR Forecasted Value
In the context of forecasting XMR's Crypto Coin 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. XMR's downside and upside margins for the forecasting period are 153.74 and 159.60, respectively. We have considered XMR'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 XMR crypto coin data series using in forecasting. Note that when a statistical model is used to represent XMR crypto coin, 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 | 119.3196 |
| Bias | Arithmetic mean of the errors | 0.27 |
| MAD | Mean absolute deviation | 3.356 |
| MAPE | Mean absolute percentage error | 0.0215 |
| SAE | Sum of the absolute errors | 201.36 |
Predictive Modules for XMR
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as XMR. Regardless of method or technology, however, to accurately forecast the crypto coin market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the crypto coin 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 XMR
For every potential investor in XMR, whether a beginner or expert, XMR's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. XMR Crypto Coin price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in XMR. Basic forecasting techniques help filter out the noise by identifying XMR's price trends.XMR 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 XMR crypto coin to make a market-neutral strategy. Peer analysis of XMR could also be used in its relative valuation, which is a method of valuing XMR by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
XMR Technical and Predictive Analytics
The crypto coin market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of XMR'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 XMR's current price.| Cycle Indicators | ||
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XMR Market Strength Events
Market strength indicators help investors to evaluate how XMR crypto coin reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading XMR shares will generate the highest return on investment. By undertsting and applying XMR crypto coin market strength indicators, traders can identify XMR entry and exit signals to maximize returns.
| Accumulation Distribution | 33.33 | |||
| Daily Balance Of Power | (5.11) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 156.21 | |||
| Day Typical Price | 156.37 | |||
| Market Facilitation Index | 2.0E-4 | |||
| Price Action Indicator | (1.87) | |||
| Period Momentum Indicator | (4.65) | |||
| Relative Strength Index | 61.55 |
XMR Risk Indicators
The analysis of XMR'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 XMR's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting xmr crypto coin 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 | 2.18 | |||
| Standard Deviation | 3.06 | |||
| Variance | 9.39 |
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.When determining whether XMR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of XMR's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Xmr Crypto.Check out Historical Fundamental Analysis of XMR to cross-verify your projections. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.