VanEck Gold Etf Forecast - Simple Regression
| GDX Etf | USD 37.66 0.21 0.56% |
The Simple Regression forecasted value of VanEck Gold Miners on the next trading day is expected to be 38.46 with a mean absolute deviation of 1.49 and the sum of the absolute errors of 90.85. VanEck Etf Forecast is based on your current time horizon.
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VanEck Gold Simple Regression Price Forecast For the 2nd of December
Given 90 days horizon, the Simple Regression forecasted value of VanEck Gold Miners on the next trading day is expected to be 38.46 with a mean absolute deviation of 1.49, mean absolute percentage error of 3.69, and the sum of the absolute errors of 90.85.Please note that although there have been many attempts to predict VanEck 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 VanEck Gold's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
VanEck Gold Etf Forecast Pattern
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VanEck Gold Forecasted Value
In the context of forecasting VanEck Gold'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. VanEck Gold's downside and upside margins for the forecasting period are 36.53 and 40.38, respectively. We have considered VanEck Gold'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 Regression forecasting method's relative quality and the estimations of the prediction error of VanEck Gold etf data series using in forecasting. Note that when a statistical model is used to represent VanEck Gold 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 | 119.4165 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.4893 |
| MAPE | Mean absolute percentage error | 0.0379 |
| SAE | Sum of the absolute errors | 90.8468 |
Predictive Modules for VanEck Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as VanEck Gold Miners. 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 VanEck Gold'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 VanEck Gold
For every potential investor in VanEck, whether a beginner or expert, VanEck Gold's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. VanEck Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in VanEck. Basic forecasting techniques help filter out the noise by identifying VanEck Gold's price trends.VanEck Gold 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 VanEck Gold etf to make a market-neutral strategy. Peer analysis of VanEck Gold could also be used in its relative valuation, which is a method of valuing VanEck Gold by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
VanEck Gold Miners 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 VanEck Gold'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 VanEck Gold's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
VanEck Gold Market Strength Events
Market strength indicators help investors to evaluate how VanEck Gold etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading VanEck Gold shares will generate the highest return on investment. By undertsting and applying VanEck Gold etf market strength indicators, traders can identify VanEck Gold Miners entry and exit signals to maximize returns.
VanEck Gold Risk Indicators
The analysis of VanEck Gold'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 VanEck Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting vaneck 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 | 1.49 | |||
| Standard Deviation | 1.95 | |||
| Variance | 3.8 |
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 VanEck Gold Miners offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck Gold'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 Vaneck Gold Miners Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Gold Miners Etf:Check out Historical Fundamental Analysis of VanEck Gold to cross-verify your projections. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
The market value of VanEck Gold Miners is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck Gold's value that differs from its market value or its book value, called intrinsic value, which is VanEck Gold'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 VanEck Gold's market value can be influenced by many factors that don't directly affect VanEck Gold'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 VanEck Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Gold'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.