Franklin FTSE Etf Forecast - Simple Regression

FLIN Etf  USD 39.69  0.35  0.87%   
The Simple Regression forecasted value of Franklin FTSE India on the next trading day is expected to be 38.47 with a mean absolute deviation of 0.64 and the sum of the absolute errors of 39.42. Franklin Etf Forecast is based on your current time horizon.
  
Simple Regression model is a single variable regression model that attempts to put a straight line through Franklin FTSE price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Franklin FTSE Simple Regression Price Forecast For the 14th of December 2024

Given 90 days horizon, the Simple Regression forecasted value of Franklin FTSE India on the next trading day is expected to be 38.47 with a mean absolute deviation of 0.64, mean absolute percentage error of 0.57, and the sum of the absolute errors of 39.42.
Please note that although there have been many attempts to predict Franklin 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 Franklin FTSE's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Franklin FTSE Etf Forecast Pattern

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Franklin FTSE Forecasted Value

In the context of forecasting Franklin FTSE'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. Franklin FTSE's downside and upside margins for the forecasting period are 37.71 and 39.23, respectively. We have considered Franklin FTSE'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
39.69
38.47
Expected Value
39.23
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Franklin FTSE etf data series using in forecasting. Note that when a statistical model is used to represent Franklin FTSE 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 Criteria119.3784
BiasArithmetic mean of the errors None
MADMean absolute deviation0.6358
MAPEMean absolute percentage error0.016
SAESum of the absolute errors39.4211
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Franklin FTSE India historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Franklin FTSE

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Franklin FTSE India. 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
38.9239.6840.44
Details
Intrinsic
Valuation
LowRealHigh
39.0639.8240.58
Details

Other Forecasting Options for Franklin FTSE

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

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

Franklin FTSE India 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 Franklin FTSE'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 Franklin FTSE's current price.

Franklin FTSE Market Strength Events

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

Franklin FTSE Risk Indicators

The analysis of Franklin FTSE'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 Franklin FTSE's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting franklin 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.

Pair Trading with Franklin FTSE

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 Franklin FTSE 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 Franklin FTSE will appreciate offsetting losses from the drop in the long position's value.

Moving together with Franklin Etf

  1.0INDA iShares MSCI IndiaPairCorr
  0.99EPI WisdomTree India EarningsPairCorr
  0.7INDSX Financial Investors TrustPairCorr
  0.92SMIN iShares MSCI IndiaPairCorr
  1.0PIN Invesco India ETFPairCorr

Moving against Franklin Etf

  0.75IXSE IXSEPairCorr
  0.7GBTC Grayscale Bitcoin TrustPairCorr
  0.64FNGS MicroSectors FANG ETNPairCorr
  0.63FNGO MicroSectors FANG IndexPairCorr
  0.62FNGU MicroSectors FANG IndexPairCorr
The ability to find closely correlated positions to Franklin FTSE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Franklin FTSE 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 Franklin FTSE - 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 Franklin FTSE India to buy it.
The correlation of Franklin FTSE 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 Franklin FTSE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin FTSE India 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 Franklin FTSE 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.
Pair CorrelationCorrelation Matching
When determining whether Franklin FTSE India offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Franklin FTSE's 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 Franklin Ftse India Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Franklin Ftse India Etf:
Check out Historical Fundamental Analysis of Franklin FTSE to cross-verify your projections.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
The market value of Franklin FTSE India is measured differently than its book value, which is the value of Franklin that is recorded on the company's balance sheet. Investors also form their own opinion of Franklin FTSE's value that differs from its market value or its book value, called intrinsic value, which is Franklin FTSE'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 Franklin FTSE's market value can be influenced by many factors that don't directly affect Franklin FTSE'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 Franklin FTSE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin FTSE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin FTSE'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.