THOR Financial Etf Forecast - Simple Exponential Smoothing
| THIR Etf | 26.56 0.08 0.30% |
The Simple Exponential Smoothing forecasted value of THOR Financial Technologies on the next trading day is expected to be 26.56 with a mean absolute deviation of 0.59 and the sum of the absolute errors of 32.82. THOR Etf Forecast is based on your current time horizon.
THOR |
THOR Financial Simple Exponential Smoothing Price Forecast For the 12th of December 2024
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of THOR Financial Technologies on the next trading day is expected to be 26.56 with a mean absolute deviation of 0.59, mean absolute percentage error of 11.27, and the sum of the absolute errors of 32.82.Please note that although there have been many attempts to predict THOR 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 THOR Financial's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
THOR Financial Etf Forecast Pattern
THOR Financial Forecasted Value
In the context of forecasting THOR Financial'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. THOR Financial's downside and upside margins for the forecasting period are 0.27 and 159.00, respectively. We have considered THOR Financial'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 Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of THOR Financial etf data series using in forecasting. Note that when a statistical model is used to represent THOR Financial 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 | 111.3431 |
| Bias | Arithmetic mean of the errors | -0.4743 |
| MAD | Mean absolute deviation | 0.5861 |
| MAPE | Mean absolute percentage error | 0.0232 |
| SAE | Sum of the absolute errors | 32.82 |
Predictive Modules for THOR Financial
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as THOR Financial Techn. 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.Other Forecasting Options for THOR Financial
For every potential investor in THOR, whether a beginner or expert, THOR Financial's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. THOR Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in THOR. Basic forecasting techniques help filter out the noise by identifying THOR Financial's price trends.THOR Financial 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 THOR Financial etf to make a market-neutral strategy. Peer analysis of THOR Financial could also be used in its relative valuation, which is a method of valuing THOR Financial by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
THOR Financial Techn 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 THOR Financial'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 THOR Financial's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
THOR Financial Market Strength Events
Market strength indicators help investors to evaluate how THOR Financial etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading THOR Financial shares will generate the highest return on investment. By undertsting and applying THOR Financial etf market strength indicators, traders can identify THOR Financial Technologies entry and exit signals to maximize returns.
THOR Financial Risk Indicators
The analysis of THOR Financial'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 THOR Financial's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting thor 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 | 0.5188 | |||
| Semi Deviation | 0.6342 | |||
| Standard Deviation | 0.7447 | |||
| Variance | 0.5545 | |||
| Downside Variance | 0.6534 | |||
| Semi Variance | 0.4022 | |||
| Expected Short fall | (0.53) |
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 THOR Financial
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 THOR Financial 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 THOR Financial will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to THOR Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace THOR Financial 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 THOR Financial - 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 THOR Financial Technologies to buy it.
The correlation of THOR Financial 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 THOR Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if THOR Financial Techn 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 THOR Financial 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.Check out fundamental analysis of THOR Financial to check your projections. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
The market value of THOR Financial Techn is measured differently than its book value, which is the value of THOR that is recorded on the company's balance sheet. Investors also form their own opinion of THOR Financial's value that differs from its market value or its book value, called intrinsic value, which is THOR Financial'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 THOR Financial's market value can be influenced by many factors that don't directly affect THOR Financial'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 THOR Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if THOR Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, THOR Financial'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.