Alexis Practical Etf Forecast - Simple Exponential Smoothing
| LEXI Etf | USD 31.59 0.40 1.25% |
The Simple Exponential Smoothing forecasted value of Alexis Practical Tactical on the next trading day is expected to be 31.59 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 7.71. Alexis Etf Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Alexis Practical's historical fundamentals, such as revenue growth or operating cash flow patterns.
Alexis |
Alexis Practical Simple Exponential Smoothing Price Forecast For the 16th of December 2024
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Alexis Practical Tactical on the next trading day is expected to be 31.59 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.03, and the sum of the absolute errors of 7.71.Please note that although there have been many attempts to predict Alexis 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 Alexis Practical's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Alexis Practical Etf Forecast Pattern
| Backtest Alexis Practical | Alexis Practical Price Prediction | Buy or Sell Advice |
Alexis Practical Forecasted Value
In the context of forecasting Alexis Practical'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. Alexis Practical's downside and upside margins for the forecasting period are 31.03 and 32.15, respectively. We have considered Alexis Practical'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 Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Alexis Practical etf data series using in forecasting. Note that when a statistical model is used to represent Alexis Practical 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 | 112.7 |
| Bias | Arithmetic mean of the errors | -0.0212 |
| MAD | Mean absolute deviation | 0.1285 |
| MAPE | Mean absolute percentage error | 0.0041 |
| SAE | Sum of the absolute errors | 7.71 |
Predictive Modules for Alexis Practical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Alexis Practical Tactical. 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 Alexis Practical'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 Alexis Practical
For every potential investor in Alexis, whether a beginner or expert, Alexis Practical's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Alexis Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Alexis. Basic forecasting techniques help filter out the noise by identifying Alexis Practical's price trends.Alexis Practical 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 Alexis Practical etf to make a market-neutral strategy. Peer analysis of Alexis Practical could also be used in its relative valuation, which is a method of valuing Alexis Practical by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Alexis Practical Tactical 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 Alexis Practical'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 Alexis Practical's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Alexis Practical Market Strength Events
Market strength indicators help investors to evaluate how Alexis Practical etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alexis Practical shares will generate the highest return on investment. By undertsting and applying Alexis Practical etf market strength indicators, traders can identify Alexis Practical Tactical entry and exit signals to maximize returns.
Alexis Practical Risk Indicators
The analysis of Alexis Practical'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 Alexis Practical's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting alexis 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 | 0.4201 | |||
| Semi Deviation | 0.373 | |||
| Standard Deviation | 0.558 | |||
| Variance | 0.3113 | |||
| Downside Variance | 0.2865 | |||
| Semi Variance | 0.1392 | |||
| Expected Short fall | (0.47) |
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.
Currently Active Assets on Macroaxis
When determining whether Alexis Practical Tactical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alexis Practical'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 Alexis Practical Tactical Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Alexis Practical Tactical Etf:Check out Historical Fundamental Analysis of Alexis Practical to cross-verify your projections. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
The market value of Alexis Practical Tactical is measured differently than its book value, which is the value of Alexis that is recorded on the company's balance sheet. Investors also form their own opinion of Alexis Practical's value that differs from its market value or its book value, called intrinsic value, which is Alexis Practical'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 Alexis Practical's market value can be influenced by many factors that don't directly affect Alexis Practical'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 Alexis Practical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alexis Practical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alexis Practical'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.