Global X Etf Forecast - 20 Period Moving Average

HGEN Etf   5.04  0.23  4.36%   
The 20 Period Moving Average forecasted value of Global X Hydrogen on the next trading day is expected to be 4.93 with a mean absolute deviation of 0.24 and the sum of the absolute errors of 10.19. Global Etf Forecast is based on your current time horizon.
  
A commonly used 20-period moving average forecast model for Global X Hydrogen is based on a synthetically constructed Global Xdaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Global X 20 Period Moving Average Price Forecast For the 14th of December 2024

Given 90 days horizon, the 20 Period Moving Average forecasted value of Global X Hydrogen on the next trading day is expected to be 4.93 with a mean absolute deviation of 0.24, mean absolute percentage error of 0.09, and the sum of the absolute errors of 10.19.
Please note that although there have been many attempts to predict Global 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 Global X's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Global X Etf Forecast Pattern

Global X Forecasted Value

In the context of forecasting Global X'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. Global X's downside and upside margins for the forecasting period are 2.63 and 7.23, respectively. We have considered Global X'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
5.04
4.93
Expected Value
7.23
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Global X etf data series using in forecasting. Note that when a statistical model is used to represent Global X 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 Criteria80.7908
BiasArithmetic mean of the errors -0.1587
MADMean absolute deviation0.2426
MAPEMean absolute percentage error0.0508
SAESum of the absolute errors10.1885
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Global X Hydrogen 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Global X

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Global X Hydrogen. 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
2.755.057.35
Details
Intrinsic
Valuation
LowRealHigh
2.274.576.87
Details

Other Forecasting Options for Global X

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

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

Global X Hydrogen 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 Global X'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 Global X's current price.

Global X Market Strength Events

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

Global X Risk Indicators

The analysis of Global X'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 Global X's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting global 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 Global X Hydrogen is a strong investment it is important to analyze Global X's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Global X's future performance. For an informed investment choice regarding Global Etf, refer to the following important reports:
Check out fundamental analysis of Global X to check your projections.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Please note, there is a significant difference between Global X's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global X is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global X'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.