FT Cboe Etf Forecast - Simple Moving Average
| FJUN Etf | USD 52.14 0.07 0.13% |
The Simple Moving Average forecasted value of FT Cboe Vest on the next trading day is expected to be 52.14 with a mean absolute deviation of 0.16 and the sum of the absolute errors of 9.70. FJUN Etf Forecast is based on your current time horizon.
FJUN |
FT Cboe Simple Moving Average Price Forecast For the 15th of December 2024
Given 90 days horizon, the Simple Moving Average forecasted value of FT Cboe Vest on the next trading day is expected to be 52.14 with a mean absolute deviation of 0.16, mean absolute percentage error of 0.06, and the sum of the absolute errors of 9.70.Please note that although there have been many attempts to predict FJUN 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 FT Cboe's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
FT Cboe Etf Forecast Pattern
| Backtest FT Cboe | FT Cboe Price Prediction | Buy or Sell Advice |
FT Cboe Forecasted Value
In the context of forecasting FT Cboe'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. FT Cboe's downside and upside margins for the forecasting period are 51.73 and 52.55, respectively. We have considered FT Cboe'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 Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of FT Cboe etf data series using in forecasting. Note that when a statistical model is used to represent FT Cboe 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 | 113.3723 |
| Bias | Arithmetic mean of the errors | -0.0495 |
| MAD | Mean absolute deviation | 0.1617 |
| MAPE | Mean absolute percentage error | 0.0032 |
| SAE | Sum of the absolute errors | 9.7 |
Predictive Modules for FT Cboe
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as FT Cboe Vest. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FT Cboe's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for FT Cboe
For every potential investor in FJUN, whether a beginner or expert, FT Cboe's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. FJUN Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in FJUN. Basic forecasting techniques help filter out the noise by identifying FT Cboe's price trends.FT Cboe 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 FT Cboe etf to make a market-neutral strategy. Peer analysis of FT Cboe could also be used in its relative valuation, which is a method of valuing FT Cboe by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
FT Cboe Vest 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 FT Cboe'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 FT Cboe's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
FT Cboe Market Strength Events
Market strength indicators help investors to evaluate how FT Cboe etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading FT Cboe shares will generate the highest return on investment. By undertsting and applying FT Cboe etf market strength indicators, traders can identify FT Cboe Vest entry and exit signals to maximize returns.
| Accumulation Distribution | 36.17 | |||
| Daily Balance Of Power | (0.35) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 52.23 | |||
| Day Typical Price | 52.2 | |||
| Price Action Indicator | (0.12) | |||
| Period Momentum Indicator | (0.07) |
FT Cboe Risk Indicators
The analysis of FT Cboe'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 FT Cboe's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting fjun 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 | 0.2868 | |||
| Semi Deviation | 0.1995 | |||
| Standard Deviation | 0.4046 | |||
| Variance | 0.1637 | |||
| Downside Variance | 0.1668 | |||
| Semi Variance | 0.0398 | |||
| Expected Short fall | (0.32) |
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 FT Cboe
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 FT Cboe 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 FT Cboe will appreciate offsetting losses from the drop in the long position's value.Moving together with FJUN Etf
| 0.83 | BUFR | First Trust Cboe | PairCorr |
| 0.99 | BUFD | FT Cboe Vest | PairCorr |
| 1.0 | PSEP | Innovator SP 500 | PairCorr |
| 0.97 | PJAN | Innovator SP 500 | PairCorr |
Moving against FJUN Etf
The ability to find closely correlated positions to FT Cboe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FT Cboe 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 FT Cboe - 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 FT Cboe Vest to buy it.
The correlation of FT Cboe 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 FT Cboe moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FT Cboe Vest 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 FT Cboe 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.Check out Historical Fundamental Analysis of FT Cboe to cross-verify your projections. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
The market value of FT Cboe Vest is measured differently than its book value, which is the value of FJUN that is recorded on the company's balance sheet. Investors also form their own opinion of FT Cboe's value that differs from its market value or its book value, called intrinsic value, which is FT Cboe'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 FT Cboe's market value can be influenced by many factors that don't directly affect FT Cboe'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 FT Cboe's value and its price as these two are different measures arrived at by different means. Investors typically determine if FT Cboe is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FT Cboe'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.