IShares Equal Etf Forecast - Double Exponential Smoothing

CEW Etf  CAD 21.18  0.08  0.38%   
The Double Exponential Smoothing forecasted value of iShares Equal Weight on the next trading day is expected to be 21.22 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 4.67. IShares Etf Forecast is based on your current time horizon.
  
Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for IShares Equal works best with periods where there are trends or seasonality.

IShares Equal Double Exponential Smoothing Price Forecast For the 12th of December 2024

Given 90 days horizon, the Double Exponential Smoothing forecasted value of iShares Equal Weight on the next trading day is expected to be 21.22 with a mean absolute deviation of 0.08, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.67.
Please note that although there have been many attempts to predict IShares 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 IShares Equal's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

IShares Equal Etf Forecast Pattern

Backtest IShares EqualIShares Equal Price PredictionBuy or Sell Advice 

IShares Equal Forecasted Value

In the context of forecasting IShares Equal'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. IShares Equal's downside and upside margins for the forecasting period are 20.65 and 21.79, respectively. We have considered IShares Equal'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
21.18
21.22
Expected Value
21.79
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of IShares Equal etf data series using in forecasting. Note that when a statistical model is used to represent IShares Equal 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 CriteriaHuge
BiasArithmetic mean of the errors 0.0048
MADMean absolute deviation0.0778
MAPEMean absolute percentage error0.0039
SAESum of the absolute errors4.67
When iShares Equal Weight prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any iShares Equal Weight trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent IShares Equal observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for IShares Equal

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as iShares Equal Weight. 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
20.6221.1921.76
Details
Intrinsic
Valuation
LowRealHigh
20.3620.9321.50
Details
Bollinger
Band Projection (param)
LowMiddleHigh
19.4120.5821.75
Details

Other Forecasting Options for IShares Equal

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

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

iShares Equal Weight 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 IShares Equal'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 IShares Equal's current price.

IShares Equal Market Strength Events

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

IShares Equal Risk Indicators

The analysis of IShares Equal'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 IShares Equal's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ishares 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.

Pair Trading with IShares Equal

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 IShares Equal 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 IShares Equal will appreciate offsetting losses from the drop in the long position's value.

Moving together with IShares Etf

  0.99ZEB BMO SPTSX EqualPairCorr
  0.99XFN iShares SPTSX CappedPairCorr
  0.97ZBK BMO Equal WeightPairCorr
  0.97HCA Hamilton Canadian BankPairCorr
  0.97ZUB BMO Equal WeightPairCorr
The ability to find closely correlated positions to IShares Equal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares Equal 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 IShares Equal - 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 iShares Equal Weight to buy it.
The correlation of IShares Equal 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 IShares Equal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Equal Weight 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 IShares Equal 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in IShares Etf

IShares Equal financial ratios help investors to determine whether IShares Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in IShares with respect to the benefits of owning IShares Equal security.