Themes Gold Etf Forecast - 4 Period Moving Average
| AUMI Etf | 38.75 0.09 0.23% |
The 4 Period Moving Average forecasted value of Themes Gold Miners on the next trading day is expected to be 38.50 with a mean absolute deviation of 0.89 and the sum of the absolute errors of 51.40. Themes Etf Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Themes Gold's historical fundamentals, such as revenue growth or operating cash flow patterns.
Themes |
Themes Gold 4 Period Moving Average Price Forecast For the 12th of December 2024
Given 90 days horizon, the 4 Period Moving Average forecasted value of Themes Gold Miners on the next trading day is expected to be 38.50 with a mean absolute deviation of 0.89, mean absolute percentage error of 1.13, and the sum of the absolute errors of 51.40.Please note that although there have been many attempts to predict Themes 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 Themes Gold's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Themes Gold Etf Forecast Pattern
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Themes Gold Forecasted Value
In the context of forecasting Themes Gold'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. Themes Gold's downside and upside margins for the forecasting period are 36.42 and 40.58, respectively. We have considered Themes Gold'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 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Themes Gold etf data series using in forecasting. Note that when a statistical model is used to represent Themes Gold 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 | 112.7215 |
| Bias | Arithmetic mean of the errors | -0.0541 |
| MAD | Mean absolute deviation | 0.8862 |
| MAPE | Mean absolute percentage error | 0.0233 |
| SAE | Sum of the absolute errors | 51.3975 |
Predictive Modules for Themes Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Themes Gold Miners. 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 Themes Gold
For every potential investor in Themes, whether a beginner or expert, Themes Gold's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Themes Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Themes. Basic forecasting techniques help filter out the noise by identifying Themes Gold's price trends.Themes Gold 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 Themes Gold etf to make a market-neutral strategy. Peer analysis of Themes Gold could also be used in its relative valuation, which is a method of valuing Themes Gold by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Themes Gold Miners 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 Themes Gold'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 Themes Gold's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Themes Gold Market Strength Events
Market strength indicators help investors to evaluate how Themes Gold etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Themes Gold shares will generate the highest return on investment. By undertsting and applying Themes Gold etf market strength indicators, traders can identify Themes Gold Miners entry and exit signals to maximize returns.
Themes Gold Risk Indicators
The analysis of Themes Gold'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 Themes Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting themes 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 | 1.6 | |||
| Semi Deviation | 2.12 | |||
| Standard Deviation | 2.14 | |||
| Variance | 4.58 | |||
| Downside Variance | 5.67 | |||
| Semi Variance | 4.5 | |||
| Expected Short fall | (1.56) |
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 Themes Gold Miners offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Themes Gold'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 Themes Gold Miners Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Themes Gold Miners Etf:Check out Historical Fundamental Analysis of Themes Gold to cross-verify your projections. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
The market value of Themes Gold Miners is measured differently than its book value, which is the value of Themes that is recorded on the company's balance sheet. Investors also form their own opinion of Themes Gold's value that differs from its market value or its book value, called intrinsic value, which is Themes Gold'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 Themes Gold's market value can be influenced by many factors that don't directly affect Themes Gold'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 Themes Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Themes Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Themes Gold'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.