ARCA Gold Index Forecast - Simple Regression
| HUI Index | 294.84 2.95 0.99% |
ARCA Gold Simple Regression Price Forecast For the 18th of December 2024
Given 90 days horizon, the Simple Regression forecasted value of ARCA Gold BUGS on the next trading day is expected to be 295.49 with a mean absolute deviation of 9.17, mean absolute percentage error of 153.09, and the sum of the absolute errors of 559.34.Please note that although there have been many attempts to predict ARCA Index 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 ARCA Gold's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ARCA Gold Index Forecast Pattern
ARCA Gold Forecasted Value
In the context of forecasting ARCA Gold's Index 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. ARCA Gold's downside and upside margins for the forecasting period are 293.44 and 297.55, respectively. We have considered ARCA Gold'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 Regression forecasting method's relative quality and the estimations of the prediction error of ARCA Gold index data series using in forecasting. Note that when a statistical model is used to represent ARCA Gold index, 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 | 123.1416 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 9.1696 |
| MAPE | Mean absolute percentage error | 0.029 |
| SAE | Sum of the absolute errors | 559.3439 |
Predictive Modules for ARCA Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ARCA Gold BUGS. Regardless of method or technology, however, to accurately forecast the index market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the index 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 ARCA Gold
For every potential investor in ARCA, whether a beginner or expert, ARCA Gold's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ARCA Index price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ARCA. Basic forecasting techniques help filter out the noise by identifying ARCA Gold's price trends.ARCA Gold 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 ARCA Gold index to make a market-neutral strategy. Peer analysis of ARCA Gold could also be used in its relative valuation, which is a method of valuing ARCA Gold by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ARCA Gold BUGS Technical and Predictive Analytics
The index market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of ARCA Gold'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 ARCA Gold's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ARCA Gold Market Strength Events
Market strength indicators help investors to evaluate how ARCA Gold index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ARCA Gold shares will generate the highest return on investment. By undertsting and applying ARCA Gold index market strength indicators, traders can identify ARCA Gold BUGS entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0135 | |||
| Daily Balance Of Power | (0.74) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 295.78 | |||
| Day Typical Price | 295.47 | |||
| Market Facilitation Index | 4.01 | |||
| Price Action Indicator | (2.42) | |||
| Period Momentum Indicator | (2.95) |
ARCA Gold Risk Indicators
The analysis of ARCA Gold'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 ARCA Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting arca index 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 | 1.53 | |||
| Standard Deviation | 2.02 | |||
| Variance | 4.08 |
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.