Compound Governance Crypto Coin Forecast - Simple Moving Average
| COMP Crypto | USD 103.07 0.46 0.44% |
The Simple Moving Average forecasted value of Compound Governance Token on the next trading day is expected to be 103.30 with a mean absolute deviation of 3.49 and the sum of the absolute errors of 206.01. Compound Crypto Coin Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Compound Governance crypto prices and determine the direction of Compound Governance Token's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Compound Governance's historical fundamentals, such as revenue growth or operating cash flow patterns.
Compound |
Compound Governance Simple Moving Average Price Forecast For the 12th of December 2024
Given 90 days horizon, the Simple Moving Average forecasted value of Compound Governance Token on the next trading day is expected to be 103.30 with a mean absolute deviation of 3.49, mean absolute percentage error of 51.92, and the sum of the absolute errors of 206.01.Please note that although there have been many attempts to predict Compound 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 Compound Governance's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Compound Governance Crypto Coin Forecast Pattern
Compound Governance Forecasted Value
In the context of forecasting Compound Governance'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. Compound Governance's downside and upside margins for the forecasting period are 95.90 and 110.70, respectively. We have considered Compound Governance'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 Moving Average forecasting method's relative quality and the estimations of the prediction error of Compound Governance crypto coin data series using in forecasting. Note that when a statistical model is used to represent Compound Governance 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 | 118.3845 |
| Bias | Arithmetic mean of the errors | -1.4847 |
| MAD | Mean absolute deviation | 3.4916 |
| MAPE | Mean absolute percentage error | 0.0508 |
| SAE | Sum of the absolute errors | 206.005 |
Predictive Modules for Compound Governance
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Compound Governance Token. 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 Compound Governance
For every potential investor in Compound, whether a beginner or expert, Compound Governance's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Compound Crypto Coin price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Compound. Basic forecasting techniques help filter out the noise by identifying Compound Governance's price trends.Compound Governance 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 Compound Governance crypto coin to make a market-neutral strategy. Peer analysis of Compound Governance could also be used in its relative valuation, which is a method of valuing Compound Governance by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Compound Governance Token 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 Compound Governance'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 Compound Governance's current price.| Cycle Indicators | ||
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Compound Governance Market Strength Events
Market strength indicators help investors to evaluate how Compound Governance 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 Compound Governance shares will generate the highest return on investment. By undertsting and applying Compound Governance crypto coin market strength indicators, traders can identify Compound Governance Token entry and exit signals to maximize returns.
| Accumulation Distribution | 1162.68 | |||
| Daily Balance Of Power | (0.45) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 103.1 | |||
| Day Typical Price | 103.09 | |||
| Price Action Indicator | (0.26) | |||
| Period Momentum Indicator | (0.46) | |||
| Relative Strength Index | 80.39 |
Compound Governance Risk Indicators
The analysis of Compound Governance'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 Compound Governance's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting compound 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 | 4.24 | |||
| Semi Deviation | 4.18 | |||
| Standard Deviation | 7.31 | |||
| Variance | 53.41 | |||
| Downside Variance | 28.88 | |||
| Semi Variance | 17.48 | |||
| Expected Short fall | (4.93) |
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 Compound Governance Token offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Compound Governance'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 Compound Governance Token Crypto.Check out Historical Fundamental Analysis of Compound Governance to cross-verify your projections. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.