Roundhill ETF Etf Forecast - 20 Period Moving Average
| QDTE Etf | 41.24 0.01 0.02% |
The 20 Period Moving Average forecasted value of Roundhill ETF Trust on the next trading day is expected to be 41.87 with a mean absolute deviation of 0.73 and the sum of the absolute errors of 29.76. Roundhill Etf Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Roundhill ETF stock prices and determine the direction of Roundhill ETF Trust's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Roundhill ETF's historical fundamentals, such as revenue growth or operating cash flow patterns.
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Roundhill ETF 20 Period Moving Average Price Forecast For the 24th of December
Given 90 days horizon, the 20 Period Moving Average forecasted value of Roundhill ETF Trust on the next trading day is expected to be 41.87 with a mean absolute deviation of 0.73, mean absolute percentage error of 0.71, and the sum of the absolute errors of 29.76.Please note that although there have been many attempts to predict Roundhill 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 Roundhill ETF's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Roundhill ETF Etf Forecast Pattern
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Roundhill ETF Forecasted Value
In the context of forecasting Roundhill ETF'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. Roundhill ETF's downside and upside margins for the forecasting period are 40.94 and 42.79, respectively. We have considered Roundhill ETF'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Roundhill ETF etf data series using in forecasting. Note that when a statistical model is used to represent Roundhill ETF 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 | 81.0087 |
| Bias | Arithmetic mean of the errors | -0.5598 |
| MAD | Mean absolute deviation | 0.7259 |
| MAPE | Mean absolute percentage error | 0.0175 |
| SAE | Sum of the absolute errors | 29.763 |
Predictive Modules for Roundhill ETF
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Roundhill ETF Trust. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Roundhill ETF's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Roundhill ETF
For every potential investor in Roundhill, whether a beginner or expert, Roundhill ETF's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Roundhill Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Roundhill. Basic forecasting techniques help filter out the noise by identifying Roundhill ETF's price trends.Roundhill ETF 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 Roundhill ETF etf to make a market-neutral strategy. Peer analysis of Roundhill ETF could also be used in its relative valuation, which is a method of valuing Roundhill ETF by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Roundhill ETF Trust 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 Roundhill ETF'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 Roundhill ETF's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Roundhill ETF Market Strength Events
Market strength indicators help investors to evaluate how Roundhill ETF etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Roundhill ETF shares will generate the highest return on investment. By undertsting and applying Roundhill ETF etf market strength indicators, traders can identify Roundhill ETF Trust entry and exit signals to maximize returns.
Roundhill ETF Risk Indicators
The analysis of Roundhill ETF'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 Roundhill ETF's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting roundhill 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 | 0.6367 | |||
| Semi Deviation | 0.9687 | |||
| Standard Deviation | 0.9158 | |||
| Variance | 0.8387 | |||
| Downside Variance | 1.33 | |||
| Semi Variance | 0.9385 | |||
| Expected Short fall | (0.61) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Roundhill ETF Trust offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Roundhill ETF's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Roundhill Etf Trust Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Roundhill Etf Trust Etf:Check out Historical Fundamental Analysis of Roundhill ETF to cross-verify your projections. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
The market value of Roundhill ETF Trust is measured differently than its book value, which is the value of Roundhill that is recorded on the company's balance sheet. Investors also form their own opinion of Roundhill ETF's value that differs from its market value or its book value, called intrinsic value, which is Roundhill ETF'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 Roundhill ETF's market value can be influenced by many factors that don't directly affect Roundhill ETF'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 Roundhill ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Roundhill ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Roundhill ETF'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.