ZEGA Buy Etf Forecast - Naive Prediction
| ZHDG Etf | USD 21.39 0.17 0.80% |
The Naive Prediction forecasted value of ZEGA Buy and on the next trading day is expected to be 21.39 with a mean absolute deviation of 0.12 and the sum of the absolute errors of 7.28. ZEGA Etf Forecast is based on your current time horizon. We recommend always using this module together with an analysis of ZEGA Buy's historical fundamentals, such as revenue growth or operating cash flow patterns.
ZEGA |
ZEGA Buy Naive Prediction Price Forecast For the 2nd of December
Given 90 days horizon, the Naive Prediction forecasted value of ZEGA Buy and on the next trading day is expected to be 21.39 with a mean absolute deviation of 0.12, mean absolute percentage error of 0.03, and the sum of the absolute errors of 7.28.Please note that although there have been many attempts to predict ZEGA 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 ZEGA Buy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ZEGA Buy Etf Forecast Pattern
| Backtest ZEGA Buy | ZEGA Buy Price Prediction | Buy or Sell Advice |
ZEGA Buy Forecasted Value
In the context of forecasting ZEGA Buy'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. ZEGA Buy's downside and upside margins for the forecasting period are 20.78 and 22.01, respectively. We have considered ZEGA Buy'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 ZEGA Buy etf data series using in forecasting. Note that when a statistical model is used to represent ZEGA Buy 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 | 114.4608 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1193 |
| MAPE | Mean absolute percentage error | 0.0058 |
| SAE | Sum of the absolute errors | 7.2767 |
Predictive Modules for ZEGA Buy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ZEGA Buy. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ZEGA Buy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for ZEGA Buy
For every potential investor in ZEGA, whether a beginner or expert, ZEGA Buy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ZEGA Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ZEGA. Basic forecasting techniques help filter out the noise by identifying ZEGA Buy's price trends.ZEGA Buy 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 ZEGA Buy etf to make a market-neutral strategy. Peer analysis of ZEGA Buy could also be used in its relative valuation, which is a method of valuing ZEGA Buy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ZEGA Buy 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 ZEGA Buy'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 ZEGA Buy's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ZEGA Buy Market Strength Events
Market strength indicators help investors to evaluate how ZEGA Buy etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ZEGA Buy shares will generate the highest return on investment. By undertsting and applying ZEGA Buy etf market strength indicators, traders can identify ZEGA Buy and entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 21.39 | |||
| Day Typical Price | 21.39 | |||
| Price Action Indicator | 0.085 | |||
| Period Momentum Indicator | 0.17 | |||
| Relative Strength Index | 75.1 |
ZEGA Buy Risk Indicators
The analysis of ZEGA Buy'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 ZEGA Buy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting zega 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 | 0.4572 | |||
| Semi Deviation | 0.5157 | |||
| Standard Deviation | 0.6616 | |||
| Variance | 0.4378 | |||
| Downside Variance | 0.577 | |||
| Semi Variance | 0.2659 | |||
| Expected Short fall | (0.50) |
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.
Currently Active Assets on Macroaxis
When determining whether ZEGA Buy is a strong investment it is important to analyze ZEGA Buy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ZEGA Buy's future performance. For an informed investment choice regarding ZEGA Etf, refer to the following important reports:Check out Historical Fundamental Analysis of ZEGA Buy to cross-verify your projections. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
The market value of ZEGA Buy is measured differently than its book value, which is the value of ZEGA that is recorded on the company's balance sheet. Investors also form their own opinion of ZEGA Buy's value that differs from its market value or its book value, called intrinsic value, which is ZEGA Buy'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 ZEGA Buy's market value can be influenced by many factors that don't directly affect ZEGA Buy'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 ZEGA Buy's value and its price as these two are different measures arrived at by different means. Investors typically determine if ZEGA Buy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZEGA Buy'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.