GraniteShares Etf Forecast - 8 Period Moving Average

CONI Etf   9.65  0.36  3.60%   
The 8 Period Moving Average forecasted value of GraniteShares 1x Short on the next trading day is expected to be 9.67 with a mean absolute deviation of 1.74 and the sum of the absolute errors of 92.09. GraniteShares Etf Forecast is based on your current time horizon. We recommend always using this module together with an analysis of GraniteShares' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
An 8-period moving average forecast model for GraniteShares is based on an artificially constructed time series of GraniteShares daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

GraniteShares 8 Period Moving Average Price Forecast For the 12th of December 2024

Given 90 days horizon, the 8 Period Moving Average forecasted value of GraniteShares 1x Short on the next trading day is expected to be 9.67 with a mean absolute deviation of 1.74, mean absolute percentage error of 6.63, and the sum of the absolute errors of 92.09.
Please note that although there have been many attempts to predict GraniteShares 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 GraniteShares' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

GraniteShares Etf Forecast Pattern

Backtest GraniteSharesGraniteShares Price PredictionBuy or Sell Advice 

GraniteShares Forecasted Value

In the context of forecasting GraniteShares' 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. GraniteShares' downside and upside margins for the forecasting period are 2.87 and 16.47, respectively. We have considered GraniteShares' 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
9.65
9.67
Expected Value
16.47
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of GraniteShares etf data series using in forecasting. Note that when a statistical model is used to represent GraniteShares 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 Criteria105.2994
BiasArithmetic mean of the errors 1.2587
MADMean absolute deviation1.7375
MAPEMean absolute percentage error0.124
SAESum of the absolute errors92.085
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. GraniteShares 1x Short 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for GraniteShares

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GraniteShares 1x Short. 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
2.789.5816.38
Details
Intrinsic
Valuation
LowRealHigh
2.599.3916.19
Details
Bollinger
Band Projection (param)
LowMiddleHigh
9.439.7810.14
Details

Other Forecasting Options for GraniteShares

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

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

GraniteShares 1x Short 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 GraniteShares' 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 GraniteShares' current price.

GraniteShares Market Strength Events

Market strength indicators help investors to evaluate how GraniteShares etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading GraniteShares shares will generate the highest return on investment. By undertsting and applying GraniteShares etf market strength indicators, traders can identify GraniteShares 1x Short entry and exit signals to maximize returns.

GraniteShares Risk Indicators

The analysis of GraniteShares' 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 GraniteShares' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting graniteshares 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.

Currently Active Assets on Macroaxis

When determining whether GraniteShares 1x Short offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of GraniteShares' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Graniteshares 1x Short Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Graniteshares 1x Short Etf:
Check out Historical Fundamental Analysis of GraniteShares to cross-verify your projections.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
The market value of GraniteShares 1x Short is measured differently than its book value, which is the value of GraniteShares that is recorded on the company's balance sheet. Investors also form their own opinion of GraniteShares' value that differs from its market value or its book value, called intrinsic value, which is GraniteShares' 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 GraniteShares' market value can be influenced by many factors that don't directly affect GraniteShares' 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 GraniteShares' value and its price as these two are different measures arrived at by different means. Investors typically determine if GraniteShares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GraniteShares' 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.