MicroSectors FANG Etf Forecast - Simple Moving Average

FNGU Etf  USD 616.27  11.39  1.81%   
The Simple Moving Average forecasted value of MicroSectors FANG Index on the next trading day is expected to be 621.97 with a mean absolute deviation of 14.93 and the sum of the absolute errors of 880.77. MicroSectors Etf Forecast is based on your current time horizon.
  
A two period moving average forecast for MicroSectors FANG is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.

MicroSectors FANG Simple Moving Average Price Forecast For the 13th of December 2024

Given 90 days horizon, the Simple Moving Average forecasted value of MicroSectors FANG Index on the next trading day is expected to be 621.97 with a mean absolute deviation of 14.93, mean absolute percentage error of 396.57, and the sum of the absolute errors of 880.77.
Please note that although there have been many attempts to predict MicroSectors 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 MicroSectors FANG's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

MicroSectors FANG Etf Forecast Pattern

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MicroSectors FANG Forecasted Value

In the context of forecasting MicroSectors FANG'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. MicroSectors FANG's downside and upside margins for the forecasting period are 618.19 and 625.74, respectively. We have considered MicroSectors FANG'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.
Market Value
616.27
618.19
Downside
621.97
Expected Value
625.74
Upside

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 MicroSectors FANG etf data series using in forecasting. Note that when a statistical model is used to represent MicroSectors FANG 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.
AICAkaike Information Criteria120.4176
BiasArithmetic mean of the errors -5.3912
MADMean absolute deviation14.9283
MAPEMean absolute percentage error0.0308
SAESum of the absolute errors880.77
The simple moving average model is conceptually a linear regression of the current value of MicroSectors FANG Index price series against current and previous (unobserved) value of MicroSectors FANG. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future

Predictive Modules for MicroSectors FANG

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MicroSectors FANG Index. 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.
Hype
Prediction
LowEstimatedHigh
554.64635.71639.49
Details
Intrinsic
Valuation
LowRealHigh
554.64627.59631.37
Details
Bollinger
Band Projection (param)
LowMiddleHigh
393.16499.67606.17
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as MicroSectors FANG. Your research has to be compared to or analyzed against MicroSectors FANG's peers to derive any actionable benefits. When done correctly, MicroSectors FANG's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in MicroSectors FANG Index.

Other Forecasting Options for MicroSectors FANG

For every potential investor in MicroSectors, whether a beginner or expert, MicroSectors FANG's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MicroSectors Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MicroSectors. Basic forecasting techniques help filter out the noise by identifying MicroSectors FANG's price trends.

MicroSectors FANG 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 MicroSectors FANG etf to make a market-neutral strategy. Peer analysis of MicroSectors FANG could also be used in its relative valuation, which is a method of valuing MicroSectors FANG by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

MicroSectors FANG Index 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 MicroSectors FANG'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 MicroSectors FANG's current price.

MicroSectors FANG Market Strength Events

Market strength indicators help investors to evaluate how MicroSectors FANG etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MicroSectors FANG shares will generate the highest return on investment. By undertsting and applying MicroSectors FANG etf market strength indicators, traders can identify MicroSectors FANG Index entry and exit signals to maximize returns.

MicroSectors FANG Risk Indicators

The analysis of MicroSectors FANG'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 MicroSectors FANG's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting microsectors 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.
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.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  
When determining whether MicroSectors FANG Index is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if MicroSectors Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Microsectors Fang Index Etf. Highlighted below are key reports to facilitate an investment decision about Microsectors Fang Index Etf:
Check out Historical Fundamental Analysis of MicroSectors FANG to cross-verify your projections.
You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
The market value of MicroSectors FANG Index is measured differently than its book value, which is the value of MicroSectors that is recorded on the company's balance sheet. Investors also form their own opinion of MicroSectors FANG's value that differs from its market value or its book value, called intrinsic value, which is MicroSectors FANG'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 MicroSectors FANG's market value can be influenced by many factors that don't directly affect MicroSectors FANG'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 MicroSectors FANG's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroSectors FANG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroSectors FANG'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.