Accelerate Absolute Etf Forecast - Naive Prediction

HDGE Etf  CAD 27.36  0.21  0.77%   
The Naive Prediction forecasted value of Accelerate Absolute Return on the next trading day is expected to be 26.90 with a mean absolute deviation of 0.22 and the sum of the absolute errors of 13.62. Accelerate Etf Forecast is based on your current time horizon.
  
A naive forecasting model for Accelerate Absolute is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Accelerate Absolute Return value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Accelerate Absolute Naive Prediction Price Forecast For the 12th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of Accelerate Absolute Return on the next trading day is expected to be 26.90 with a mean absolute deviation of 0.22, mean absolute percentage error of 0.1, and the sum of the absolute errors of 13.62.
Please note that although there have been many attempts to predict Accelerate 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 Accelerate Absolute's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Accelerate Absolute Etf Forecast Pattern

Backtest Accelerate AbsoluteAccelerate Absolute Price PredictionBuy or Sell Advice 

Accelerate Absolute Forecasted Value

In the context of forecasting Accelerate Absolute'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. Accelerate Absolute's downside and upside margins for the forecasting period are 25.81 and 27.99, respectively. We have considered Accelerate Absolute'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
27.36
26.90
Expected Value
27.99
Upside

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 Accelerate Absolute etf data series using in forecasting. Note that when a statistical model is used to represent Accelerate Absolute 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 Criteria117.6001
BiasArithmetic mean of the errors None
MADMean absolute deviation0.2197
MAPEMean absolute percentage error0.008
SAESum of the absolute errors13.62
This model is not at all useful as a medium-long range forecasting tool of Accelerate Absolute Return. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Accelerate Absolute. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Accelerate Absolute

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Accelerate Absolute. 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
26.2727.3628.45
Details
Intrinsic
Valuation
LowRealHigh
26.3227.4128.50
Details
Bollinger
Band Projection (param)
LowMiddleHigh
27.3428.0628.78
Details

Other Forecasting Options for Accelerate Absolute

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

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

Accelerate Absolute 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 Accelerate Absolute'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 Accelerate Absolute's current price.

Accelerate Absolute Market Strength Events

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

Accelerate Absolute Risk Indicators

The analysis of Accelerate Absolute'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 Accelerate Absolute's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting accelerate 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.

Pair Trading with Accelerate Absolute

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Accelerate Absolute position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Accelerate Absolute will appreciate offsetting losses from the drop in the long position's value.

Moving together with Accelerate Etf

  0.83HCAL Hamilton EnhancedPairCorr
  0.84PFLS Picton Mahoney FortifiedPairCorr
  0.85HAC Global X SeasonalPairCorr
  0.61ARB Accelerate ArbitragePairCorr
  0.82PHE Purpose Tactical HedgedPairCorr

Moving against Accelerate Etf

  0.83HIU BetaPro SP 500PairCorr
  0.81HXD BetaPro SPTSX 60PairCorr
  0.79HQD BetaPro NASDAQ 100PairCorr
  0.56HED BetaPro SPTSX CappedPairCorr
The ability to find closely correlated positions to Accelerate Absolute could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accelerate Absolute when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Accelerate Absolute - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Accelerate Absolute Return to buy it.
The correlation of Accelerate Absolute is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Accelerate Absolute moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accelerate Absolute moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Accelerate Absolute can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Accelerate Etf

Accelerate Absolute financial ratios help investors to determine whether Accelerate 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 Accelerate with respect to the benefits of owning Accelerate Absolute security.