Themes European Etf Forecast - Naive Prediction
| FINE Etf | 22.42 0.13 0.58% |
The Naive Prediction forecasted value of Themes European Luxury on the next trading day is expected to be 23.35 with a mean absolute deviation of 0.23 and the sum of the absolute errors of 13.98. Themes Etf Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Themes European stock prices and determine the direction of Themes European Luxury's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Themes European's historical fundamentals, such as revenue growth or operating cash flow patterns.
Themes |
Themes European Naive Prediction Price Forecast For the 12th of December 2024
Given 90 days horizon, the Naive Prediction forecasted value of Themes European Luxury on the next trading day is expected to be 23.35 with a mean absolute deviation of 0.23, mean absolute percentage error of 0.11, and the sum of the absolute errors of 13.98.Please note that although there have been many attempts to predict Themes 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 Themes European's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Themes European Etf Forecast Pattern
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Themes European Forecasted Value
In the context of forecasting Themes European'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. Themes European's downside and upside margins for the forecasting period are 21.81 and 24.89, respectively. We have considered Themes European'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Themes European etf data series using in forecasting. Note that when a statistical model is used to represent Themes European 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 | 115.8578 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2292 |
| MAPE | Mean absolute percentage error | 0.0102 |
| SAE | Sum of the absolute errors | 13.9815 |
Predictive Modules for Themes European
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Themes European Luxury. 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.Other Forecasting Options for Themes European
For every potential investor in Themes, whether a beginner or expert, Themes European's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Themes Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Themes. Basic forecasting techniques help filter out the noise by identifying Themes European's price trends.Themes European 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 Themes European etf to make a market-neutral strategy. Peer analysis of Themes European could also be used in its relative valuation, which is a method of valuing Themes European by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Themes European Luxury 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 Themes European'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 Themes European's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Themes European Market Strength Events
Market strength indicators help investors to evaluate how Themes European etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Themes European shares will generate the highest return on investment. By undertsting and applying Themes European etf market strength indicators, traders can identify Themes European Luxury entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 22.42 | |||
| Day Typical Price | 22.42 | |||
| Price Action Indicator | (0.07) | |||
| Period Momentum Indicator | (0.13) |
Themes European Risk Indicators
The analysis of Themes European'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 Themes European's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting themes 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 | 1.09 | |||
| Semi Deviation | 1.41 | |||
| Standard Deviation | 1.52 | |||
| Variance | 2.33 | |||
| Downside Variance | 2.32 | |||
| Semi Variance | 1.98 | |||
| Expected Short fall | (1.11) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Themes European Luxury is a strong investment it is important to analyze Themes European's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Themes European's future performance. For an informed investment choice regarding Themes Etf, refer to the following important reports:Check out Historical Fundamental Analysis of Themes European to cross-verify your projections. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
The market value of Themes European Luxury is measured differently than its book value, which is the value of Themes that is recorded on the company's balance sheet. Investors also form their own opinion of Themes European's value that differs from its market value or its book value, called intrinsic value, which is Themes European'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 Themes European's market value can be influenced by many factors that don't directly affect Themes European'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 Themes European's value and its price as these two are different measures arrived at by different means. Investors typically determine if Themes European is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Themes European'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.