Nasdaq 100 Index Forecast - 20 Period Moving Average
| NDX Index | 21,798 294.48 1.37% |
Nasdaq 100 20 Period Moving Average Price Forecast For the 27th of December
Given 90 days horizon, the 20 Period Moving Average forecasted value of Nasdaq 100 on the next trading day is expected to be 21,469 with a mean absolute deviation of 397.29, mean absolute percentage error of 226,576, and the sum of the absolute errors of 16,289.Please note that although there have been many attempts to predict Nasdaq Index 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 Nasdaq 100's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Nasdaq 100 Index Forecast Pattern
Nasdaq 100 Forecasted Value
In the context of forecasting Nasdaq 100's Index 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. Nasdaq 100's downside and upside margins for the forecasting period are 21,468 and 21,470, respectively. We have considered Nasdaq 100'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Nasdaq 100 index data series using in forecasting. Note that when a statistical model is used to represent Nasdaq 100 index, 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 | 93.6838 |
| Bias | Arithmetic mean of the errors | -339.6165 |
| MAD | Mean absolute deviation | 397.2873 |
| MAPE | Mean absolute percentage error | 0.0187 |
| SAE | Sum of the absolute errors | 16288.779 |
Predictive Modules for Nasdaq 100
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nasdaq 100. Regardless of method or technology, however, to accurately forecast the index market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the index 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.Other Forecasting Options for Nasdaq 100
For every potential investor in Nasdaq, whether a beginner or expert, Nasdaq 100's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nasdaq Index price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nasdaq. Basic forecasting techniques help filter out the noise by identifying Nasdaq 100's price trends.Nasdaq 100 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 Nasdaq 100 index to make a market-neutral strategy. Peer analysis of Nasdaq 100 could also be used in its relative valuation, which is a method of valuing Nasdaq 100 by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nasdaq 100 Technical and Predictive Analytics
The index market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Nasdaq 100'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 Nasdaq 100's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Nasdaq 100 Market Strength Events
Market strength indicators help investors to evaluate how Nasdaq 100 index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nasdaq 100 shares will generate the highest return on investment. By undertsting and applying Nasdaq 100 index market strength indicators, traders can identify Nasdaq 100 entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0109 | |||
| Daily Balance Of Power | 1.233786 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 21678.31 | |||
| Day Typical Price | 21718.09 | |||
| Market Facilitation Index | 238.68 | |||
| Price Action Indicator | 266.58 | |||
| Period Momentum Indicator | 294.48 | |||
| Relative Strength Index | 51.57 |
Nasdaq 100 Risk Indicators
The analysis of Nasdaq 100'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 Nasdaq 100's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nasdaq index 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 | 0.7568 | |||
| Semi Deviation | 1.01 | |||
| Standard Deviation | 1.05 | |||
| Variance | 1.1 | |||
| Downside Variance | 1.52 | |||
| Semi Variance | 1.03 | |||
| Expected Short fall | (0.77) |
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.