AMEX Advancing Index Forecast - Naive Prediction
| AVLU Index | 903.25 279.51 44.81% |
AMEX Advancing Naive Prediction Price Forecast For the 13th of December 2024
Given 90 days horizon, the Naive Prediction forecasted value of AMEX Advancing Volume on the next trading day is expected to be 732.47 with a mean absolute deviation of 254.23, mean absolute percentage error of 107,693, and the sum of the absolute errors of 15,762.Please note that although there have been many attempts to predict AMEX Index 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 AMEX Advancing's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
AMEX Advancing Index Forecast Pattern
AMEX Advancing Forecasted Value
In the context of forecasting AMEX Advancing's Index 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. AMEX Advancing's downside and upside margins for the forecasting period are 675.57 and 789.37, respectively. We have considered AMEX Advancing'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 AMEX Advancing index data series using in forecasting. Note that when a statistical model is used to represent AMEX Advancing index, 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 | 131.5354 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 254.2253 |
| MAPE | Mean absolute percentage error | 0.268 |
| SAE | Sum of the absolute errors | 15761.9676 |
Predictive Modules for AMEX Advancing
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as AMEX Advancing Volume. Regardless of method or technology, however, to accurately forecast the index market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the index 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 AMEX Advancing
For every potential investor in AMEX, whether a beginner or expert, AMEX Advancing's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. AMEX Index price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in AMEX. Basic forecasting techniques help filter out the noise by identifying AMEX Advancing's price trends.AMEX Advancing 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 AMEX Advancing index to make a market-neutral strategy. Peer analysis of AMEX Advancing could also be used in its relative valuation, which is a method of valuing AMEX Advancing by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
AMEX Advancing Volume Technical and Predictive Analytics
The index market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of AMEX Advancing'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 AMEX Advancing's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
AMEX Advancing Market Strength Events
Market strength indicators help investors to evaluate how AMEX Advancing index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AMEX Advancing shares will generate the highest return on investment. By undertsting and applying AMEX Advancing index market strength indicators, traders can identify AMEX Advancing Volume entry and exit signals to maximize returns.
AMEX Advancing Risk Indicators
The analysis of AMEX Advancing'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 AMEX Advancing's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting amex index 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 | 41.23 | |||
| Semi Deviation | 29.1 | |||
| Standard Deviation | 56.36 | |||
| Variance | 3176.65 | |||
| Downside Variance | 947.5 | |||
| Semi Variance | 847.01 | |||
| Expected Short fall | (59.16) |
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.