CHIK Etf Forecast - Naive Prediction
| CHIK Etf | USD 13.20 3.00 18.52% |
The Naive Prediction forecasted value of CHIK on the next trading day is expected to be 14.46 with a mean absolute deviation of 0.28 and the sum of the absolute errors of 16.88. CHIK Etf Forecast is based on your current time horizon.
CHIK |
CHIK Naive Prediction Price Forecast For the 19th of December
Given 90 days horizon, the Naive Prediction forecasted value of CHIK on the next trading day is expected to be 14.46 with a mean absolute deviation of 0.28, mean absolute percentage error of 0.15, and the sum of the absolute errors of 16.88.Please note that although there have been many attempts to predict CHIK 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 CHIK's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
CHIK Etf Forecast Pattern
| Backtest CHIK | CHIK Price Prediction | Buy or Sell Advice |
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of CHIK etf data series using in forecasting. Note that when a statistical model is used to represent CHIK 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 | 116.2224 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2767 |
| MAPE | Mean absolute percentage error | 0.0172 |
| SAE | Sum of the absolute errors | 16.8773 |
Predictive Modules for CHIK
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CHIK. 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.CHIK 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 CHIK etf to make a market-neutral strategy. Peer analysis of CHIK could also be used in its relative valuation, which is a method of valuing CHIK by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
CHIK Market Strength Events
Market strength indicators help investors to evaluate how CHIK etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CHIK shares will generate the highest return on investment. By undertsting and applying CHIK etf market strength indicators, traders can identify CHIK entry and exit signals to maximize returns.
CHIK Risk Indicators
The analysis of CHIK'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 CHIK's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting chik 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 | 1.08 | |||
| Standard Deviation | 1.43 | |||
| Variance | 2.04 |
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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The market value of CHIK is measured differently than its book value, which is the value of CHIK that is recorded on the company's balance sheet. Investors also form their own opinion of CHIK's value that differs from its market value or its book value, called intrinsic value, which is CHIK'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 CHIK's market value can be influenced by many factors that don't directly affect CHIK'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 CHIK's value and its price as these two are different measures arrived at by different means. Investors typically determine if CHIK is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CHIK'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.