Deka IBoxx Etf Forecast - Double Exponential Smoothing
| EFQ8 Etf | EUR 99.91 0.39 0.39% |
The Double Exponential Smoothing forecasted value of Deka iBoxx EUR on the next trading day is expected to be 99.89 with a mean absolute deviation of 0.19 and the sum of the absolute errors of 11.01. Deka Etf Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Deka IBoxx's historical fundamentals, such as revenue growth or operating cash flow patterns.
Deka |
Deka IBoxx Double Exponential Smoothing Price Forecast For the 17th of December 2024
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Deka iBoxx EUR on the next trading day is expected to be 99.89 with a mean absolute deviation of 0.19, mean absolute percentage error of 0.06, and the sum of the absolute errors of 11.01.Please note that although there have been many attempts to predict Deka 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 Deka IBoxx's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Deka IBoxx Etf Forecast Pattern
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Deka IBoxx Forecasted Value
In the context of forecasting Deka IBoxx'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. Deka IBoxx's downside and upside margins for the forecasting period are 99.64 and 100.14, respectively. We have considered Deka IBoxx'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 Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Deka IBoxx etf data series using in forecasting. Note that when a statistical model is used to represent Deka IBoxx 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 | Huge |
| Bias | Arithmetic mean of the errors | -0.0473 |
| MAD | Mean absolute deviation | 0.1866 |
| MAPE | Mean absolute percentage error | 0.0019 |
| SAE | Sum of the absolute errors | 11.01 |
Predictive Modules for Deka IBoxx
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Deka iBoxx EUR. 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 Deka IBoxx
For every potential investor in Deka, whether a beginner or expert, Deka IBoxx's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Deka Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Deka. Basic forecasting techniques help filter out the noise by identifying Deka IBoxx's price trends.Deka IBoxx 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 Deka IBoxx etf to make a market-neutral strategy. Peer analysis of Deka IBoxx could also be used in its relative valuation, which is a method of valuing Deka IBoxx by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Deka iBoxx EUR 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 Deka IBoxx'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 Deka IBoxx's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Deka IBoxx Market Strength Events
Market strength indicators help investors to evaluate how Deka IBoxx etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Deka IBoxx shares will generate the highest return on investment. By undertsting and applying Deka IBoxx etf market strength indicators, traders can identify Deka iBoxx EUR entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 99.91 | |||
| Day Typical Price | 99.91 | |||
| Price Action Indicator | (0.20) | |||
| Period Momentum Indicator | (0.39) |
Deka IBoxx Risk Indicators
The analysis of Deka IBoxx'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 Deka IBoxx's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting deka 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 | 0.1935 | |||
| Semi Deviation | 0.1197 | |||
| Standard Deviation | 0.252 | |||
| Variance | 0.0635 | |||
| Downside Variance | 0.0658 | |||
| Semi Variance | 0.0143 | |||
| Expected Short fall | (0.22) |
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
Other Information on Investing in Deka Etf
Deka IBoxx financial ratios help investors to determine whether Deka Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Deka with respect to the benefits of owning Deka IBoxx security.