KODEX KRX Etf Forecast - 20 Period Moving Average
| 404260 Etf | 9,410 55.00 0.58% |
KODEX |
KODEX KRX 20 Period Moving Average Price Forecast For the 11th of January 2025
Given 90 days horizon, the 20 Period Moving Average forecasted value of KODEX KRX Climate on the next trading day is expected to be 9,146 with a mean absolute deviation of 364.89, mean absolute percentage error of 217,424, and the sum of the absolute errors of 15,325.Please note that although there have been many attempts to predict KODEX 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 KODEX KRX's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
KODEX KRX Etf Forecast Pattern
KODEX KRX Forecasted Value
In the context of forecasting KODEX KRX'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. KODEX KRX's downside and upside margins for the forecasting period are 9,144 and 9,147, respectively. We have considered KODEX KRX'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 KODEX KRX etf data series using in forecasting. Note that when a statistical model is used to represent KODEX KRX 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 | 95.4804 |
| Bias | Arithmetic mean of the errors | 268.1964 |
| MAD | Mean absolute deviation | 364.8869 |
| MAPE | Mean absolute percentage error | 0.0396 |
| SAE | Sum of the absolute errors | 15325.25 |
Predictive Modules for KODEX KRX
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as KODEX KRX Climate. 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as KODEX KRX. Your research has to be compared to or analyzed against KODEX KRX's peers to derive any actionable benefits. When done correctly, KODEX KRX's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in KODEX KRX Climate.Other Forecasting Options for KODEX KRX
For every potential investor in KODEX, whether a beginner or expert, KODEX KRX's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. KODEX Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in KODEX. Basic forecasting techniques help filter out the noise by identifying KODEX KRX's price trends.KODEX KRX 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 KODEX KRX etf to make a market-neutral strategy. Peer analysis of KODEX KRX could also be used in its relative valuation, which is a method of valuing KODEX KRX by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
KODEX KRX Climate 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 KODEX KRX'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 KODEX KRX's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
KODEX KRX Market Strength Events
Market strength indicators help investors to evaluate how KODEX KRX etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading KODEX KRX shares will generate the highest return on investment. By undertsting and applying KODEX KRX etf market strength indicators, traders can identify KODEX KRX Climate entry and exit signals to maximize returns.
| Accumulation Distribution | 7.73 | |||
| Daily Balance Of Power | (0.85) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 9442.5 | |||
| Day Typical Price | 9431.67 | |||
| Market Facilitation Index | 0.0577 | |||
| Price Action Indicator | (60.00) | |||
| Period Momentum Indicator | (55.00) | |||
| Relative Strength Index | 47.64 |
KODEX KRX Risk Indicators
The analysis of KODEX KRX'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 KODEX KRX's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting kodex 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 | 1.25 | |||
| Standard Deviation | 1.66 | |||
| Variance | 2.77 |
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 KODEX KRX
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 KODEX KRX 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 KODEX KRX will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to KODEX KRX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KODEX KRX 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 KODEX KRX - 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 KODEX KRX Climate to buy it.
The correlation of KODEX KRX 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 KODEX KRX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KODEX KRX Climate 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 KODEX KRX 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.