ProShares Hedge Etf Forecast - Polynomial Regression
| HDG Etf | USD 49.26 0.11 0.22% |
The Polynomial Regression forecasted value of ProShares Hedge Replication on the next trading day is expected to be 49.07 with a mean absolute deviation of 0.14 and the sum of the absolute errors of 8.45. ProShares Etf Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ProShares Hedge stock prices and determine the direction of ProShares Hedge Replication's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ProShares Hedge's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of ProShares Hedge to cross-verify your projections. ProShares |
Most investors in ProShares Hedge cannot accurately predict what will happen the next trading day because, historically, etf markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the ProShares Hedge's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ProShares Hedge's price structures and extracts relationships that further increase the generated results' accuracy.
ProShares Hedge polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for ProShares Hedge Replication as well as the accuracy indicators are determined from the period prices. ProShares Hedge Polynomial Regression Price Forecast For the 6th of May
Given 90 days horizon, the Polynomial Regression forecasted value of ProShares Hedge Replication on the next trading day is expected to be 49.07 with a mean absolute deviation of 0.14, mean absolute percentage error of 0.03, and the sum of the absolute errors of 8.45.Please note that although there have been many attempts to predict ProShares 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 ProShares Hedge's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ProShares Hedge Etf Forecast Pattern
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ProShares Hedge Forecasted Value
In the context of forecasting ProShares Hedge'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. ProShares Hedge's downside and upside margins for the forecasting period are 48.76 and 49.37, respectively. We have considered ProShares Hedge'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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of ProShares Hedge etf data series using in forecasting. Note that when a statistical model is used to represent ProShares Hedge 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 | 114.5705 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1386 |
| MAPE | Mean absolute percentage error | 0.0028 |
| SAE | Sum of the absolute errors | 8.4524 |
Predictive Modules for ProShares Hedge
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ProShares Hedge Repl. 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 ProShares Hedge'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 ProShares Hedge
For every potential investor in ProShares, whether a beginner or expert, ProShares Hedge's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ProShares Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ProShares. Basic forecasting techniques help filter out the noise by identifying ProShares Hedge's price trends.ProShares Hedge 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 ProShares Hedge etf to make a market-neutral strategy. Peer analysis of ProShares Hedge could also be used in its relative valuation, which is a method of valuing ProShares Hedge by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ProShares Hedge Repl 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 ProShares Hedge'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 ProShares Hedge's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ProShares Hedge Market Strength Events
Market strength indicators help investors to evaluate how ProShares Hedge etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ProShares Hedge shares will generate the highest return on investment. By undertsting and applying ProShares Hedge etf market strength indicators, traders can identify ProShares Hedge Replication entry and exit signals to maximize returns.
ProShares Hedge Risk Indicators
The analysis of ProShares Hedge'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 ProShares Hedge's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting proshares 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 | 0.2261 | |||
| Semi Deviation | 0.2889 | |||
| Standard Deviation | 0.3097 | |||
| Variance | 0.0959 | |||
| Downside Variance | 0.1621 | |||
| Semi Variance | 0.0834 | |||
| Expected Short fall | (0.22) |
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.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of ProShares Hedge to cross-verify your projections. Note that the ProShares Hedge Repl information on this page should be used as a complementary analysis to other ProShares Hedge's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
The market value of ProShares Hedge Repl is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares Hedge's value that differs from its market value or its book value, called intrinsic value, which is ProShares Hedge'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 ProShares Hedge's market value can be influenced by many factors that don't directly affect ProShares Hedge'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 ProShares Hedge's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Hedge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Hedge'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.