IShares Transportation Etf Forecast - 8 Period Moving Average
| IYT Etf | USD 69.54 0.56 0.81% |
The 8 Period Moving Average forecasted value of iShares Transportation Average on the next trading day is expected to be 69.12 with a mean absolute deviation of 1.21 and the sum of the absolute errors of 65.61. IShares Etf Forecast is based on your current time horizon.
IShares |
Open Interest Against 2025-03-21 IShares Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast IShares Transportation's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in IShares Transportation's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for IShares Transportation stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current IShares Transportation's open interest, investors have to compare it to IShares Transportation's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of IShares Transportation is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in IShares. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
IShares Transportation 8 Period Moving Average Price Forecast For the 16th of January 2025
Given 90 days horizon, the 8 Period Moving Average forecasted value of iShares Transportation Average on the next trading day is expected to be 69.12 with a mean absolute deviation of 1.21, mean absolute percentage error of 2.22, and the sum of the absolute errors of 65.61.Please note that although there have been many attempts to predict IShares 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 IShares Transportation's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
IShares Transportation Etf Forecast Pattern
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IShares Transportation Forecasted Value
In the context of forecasting IShares Transportation'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. IShares Transportation's downside and upside margins for the forecasting period are 67.98 and 70.26, respectively. We have considered IShares Transportation'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 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of IShares Transportation etf data series using in forecasting. Note that when a statistical model is used to represent IShares Transportation 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 | 106.0414 |
| Bias | Arithmetic mean of the errors | 0.0542 |
| MAD | Mean absolute deviation | 1.215 |
| MAPE | Mean absolute percentage error | 0.0171 |
| SAE | Sum of the absolute errors | 65.61 |
Predictive Modules for IShares Transportation
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as iShares Transportation. 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 IShares Transportation'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 IShares Transportation
For every potential investor in IShares, whether a beginner or expert, IShares Transportation's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. IShares Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in IShares. Basic forecasting techniques help filter out the noise by identifying IShares Transportation's price trends.IShares Transportation 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 IShares Transportation etf to make a market-neutral strategy. Peer analysis of IShares Transportation could also be used in its relative valuation, which is a method of valuing IShares Transportation by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
iShares Transportation 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 IShares Transportation'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 IShares Transportation's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
IShares Transportation Market Strength Events
Market strength indicators help investors to evaluate how IShares Transportation etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IShares Transportation shares will generate the highest return on investment. By undertsting and applying IShares Transportation etf market strength indicators, traders can identify iShares Transportation Average entry and exit signals to maximize returns.
| Accumulation Distribution | 2333.18 | |||
| Daily Balance Of Power | 0.9032 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 69.4 | |||
| Day Typical Price | 69.45 | |||
| Price Action Indicator | 0.42 | |||
| Period Momentum Indicator | 0.56 |
IShares Transportation Risk Indicators
The analysis of IShares Transportation'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 IShares Transportation's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ishares 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 | 0.8413 | |||
| Semi Deviation | 1.04 | |||
| Standard Deviation | 1.22 | |||
| Variance | 1.48 | |||
| Downside Variance | 1.19 | |||
| Semi Variance | 1.08 | |||
| Expected Short fall | (0.88) |
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.
Thematic Opportunities
Explore Investment Opportunities
Check out Historical Fundamental Analysis of IShares Transportation to cross-verify your projections. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
The market value of iShares Transportation is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares Transportation's value that differs from its market value or its book value, called intrinsic value, which is IShares Transportation'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 IShares Transportation's market value can be influenced by many factors that don't directly affect IShares Transportation'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 IShares Transportation's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Transportation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Transportation'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.