Deka EURO Etf Forecast - Simple Exponential Smoothing

EL4G Etf  EUR 16.44  0.01  0.06%   
The Simple Exponential Smoothing forecasted value of Deka EURO STOXX on the next trading day is expected to be 16.44 with a mean absolute deviation of 0.09 and the sum of the absolute errors of 5.62. Deka Etf Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Deka EURO's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
Deka EURO simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Deka EURO STOXX are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Deka EURO STOXX prices get older.

Deka EURO Simple Exponential Smoothing Price Forecast For the 16th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Deka EURO STOXX on the next trading day is expected to be 16.44 with a mean absolute deviation of 0.09, mean absolute percentage error of 0.01, and the sum of the absolute errors of 5.62.
Please note that although there have been many attempts to predict Deka 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 Deka EURO's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Deka EURO Etf Forecast Pattern

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Deka EURO Forecasted Value

In the context of forecasting Deka EURO'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. Deka EURO's downside and upside margins for the forecasting period are 15.75 and 17.13, respectively. We have considered Deka EURO'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
16.44
16.44
Expected Value
17.13
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Deka EURO etf data series using in forecasting. Note that when a statistical model is used to represent Deka EURO 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 Criteria111.8981
BiasArithmetic mean of the errors 0.0057
MADMean absolute deviation0.0937
MAPEMean absolute percentage error0.0057
SAESum of the absolute errors5.6242
This simple exponential smoothing model begins by setting Deka EURO STOXX forecast for the second period equal to the observation of the first period. In other words, recent Deka EURO observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Deka EURO

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Deka EURO STOXX. 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
15.7516.4417.13
Details
Intrinsic
Valuation
LowRealHigh
15.2015.8916.58
Details
Bollinger
Band Projection (param)
LowMiddleHigh
16.2516.4516.64
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Deka EURO. Your research has to be compared to or analyzed against Deka EURO's peers to derive any actionable benefits. When done correctly, Deka EURO'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 Deka EURO STOXX.

Other Forecasting Options for Deka EURO

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

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

Deka EURO STOXX 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 Deka EURO'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 Deka EURO's current price.

Deka EURO Market Strength Events

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

Deka EURO Risk Indicators

The analysis of Deka EURO'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 Deka EURO's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting deka 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

Other Information on Investing in Deka Etf

Deka EURO financial ratios help investors to determine whether Deka 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 Deka with respect to the benefits of owning Deka EURO security.