Yearnfinance Crypto Coin Forecast - Naive Prediction

YFI Crypto  USD 7,293  718.70  10.93%   
The Naive Prediction forecasted value of yearnfinance on the next trading day is expected to be 7,329 with a mean absolute deviation of 156.89 and the sum of the absolute errors of 9,570. Yearnfinance Crypto Coin Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Yearnfinance crypto prices and determine the direction of yearnfinance's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Yearnfinance's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A naive forecasting model for Yearnfinance is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of yearnfinance value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Yearnfinance Naive Prediction Price Forecast For the 26th of November

Given 90 days horizon, the Naive Prediction forecasted value of yearnfinance on the next trading day is expected to be 7,329 with a mean absolute deviation of 156.89, mean absolute percentage error of 44,897, and the sum of the absolute errors of 9,570.
Please note that although there have been many attempts to predict Yearnfinance 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 Yearnfinance's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Yearnfinance Crypto Coin Forecast Pattern

Yearnfinance Forecasted Value

In the context of forecasting Yearnfinance'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. Yearnfinance's downside and upside margins for the forecasting period are 7,326 and 7,333, respectively. We have considered Yearnfinance'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.
Market Value
7,293
7,329
Expected Value
7,333
Upside

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 Yearnfinance crypto coin data series using in forecasting. Note that when a statistical model is used to represent Yearnfinance 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.
AICAkaike Information Criteria128.8226
BiasArithmetic mean of the errors None
MADMean absolute deviation156.8912
MAPEMean absolute percentage error0.0293
SAESum of the absolute errors9570.3632
This model is not at all useful as a medium-long range forecasting tool of yearnfinance. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Yearnfinance. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Yearnfinance

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as yearnfinance. 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.
Hype
Prediction
LowEstimatedHigh
7,2897,2937,297
Details
Intrinsic
Valuation
LowRealHigh
6,6096,6138,022
Details
Bollinger
Band Projection (param)
LowMiddleHigh
6,3767,0537,731
Details

Other Forecasting Options for Yearnfinance

For every potential investor in Yearnfinance, whether a beginner or expert, Yearnfinance's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Yearnfinance Crypto Coin price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Yearnfinance. Basic forecasting techniques help filter out the noise by identifying Yearnfinance's price trends.

Yearnfinance 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 Yearnfinance crypto coin to make a market-neutral strategy. Peer analysis of Yearnfinance could also be used in its relative valuation, which is a method of valuing Yearnfinance by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

yearnfinance 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 Yearnfinance'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 Yearnfinance's current price.

Yearnfinance Market Strength Events

Market strength indicators help investors to evaluate how Yearnfinance 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 Yearnfinance shares will generate the highest return on investment. By undertsting and applying Yearnfinance crypto coin market strength indicators, traders can identify yearnfinance entry and exit signals to maximize returns.

Yearnfinance Risk Indicators

The analysis of Yearnfinance'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 Yearnfinance's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting yearnfinance 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.
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 yearnfinance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Yearnfinance'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 Yearnfinance Crypto.
Check out Historical Fundamental Analysis of Yearnfinance to cross-verify your projections.
You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Please note, there is a significant difference between Yearnfinance's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Yearnfinance value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Yearnfinance's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.