Near Crypto Coin Forecast - Simple Exponential Smoothing
| NEAR Crypto | USD 6.44 0.01 0.16% |
The Simple Exponential Smoothing forecasted value of Near on the next trading day is expected to be 6.44 with a mean absolute deviation of 0.22 and the sum of the absolute errors of 13.41. Near Crypto Coin Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Near crypto prices and determine the direction of Near's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Near's historical fundamentals, such as revenue growth or operating cash flow patterns.
Near |
Near Simple Exponential Smoothing Price Forecast For the 12th of December 2024
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Near on the next trading day is expected to be 6.44 with a mean absolute deviation of 0.22, mean absolute percentage error of 0.1, and the sum of the absolute errors of 13.41.Please note that although there have been many attempts to predict Near Crypto Coin 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 Near's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Near Crypto Coin Forecast Pattern
Near Forecasted Value
In the context of forecasting Near's Crypto Coin 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. Near's downside and upside margins for the forecasting period are 0.97 and 11.91, respectively. We have considered Near'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 Near crypto coin data series using in forecasting. Note that when a statistical model is used to represent Near crypto coin, 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 | 115.7671 |
| Bias | Arithmetic mean of the errors | -0.0359 |
| MAD | Mean absolute deviation | 0.2198 |
| MAPE | Mean absolute percentage error | 0.0412 |
| SAE | Sum of the absolute errors | 13.41 |
Predictive Modules for Near
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Near. Regardless of method or technology, however, to accurately forecast the crypto coin market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the crypto coin 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 Near
For every potential investor in Near, whether a beginner or expert, Near's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Near Crypto Coin price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Near. Basic forecasting techniques help filter out the noise by identifying Near's price trends.Near 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 Near crypto coin to make a market-neutral strategy. Peer analysis of Near could also be used in its relative valuation, which is a method of valuing Near by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Near Technical and Predictive Analytics
The crypto coin market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Near'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 Near's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Near Market Strength Events
Market strength indicators help investors to evaluate how Near crypto coin reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Near shares will generate the highest return on investment. By undertsting and applying Near crypto coin market strength indicators, traders can identify Near entry and exit signals to maximize returns.
| Accumulation Distribution | 628.34 | |||
| Daily Balance Of Power | 0.25 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 6.42 | |||
| Day Typical Price | 6.43 | |||
| Price Action Indicator | 0.025 | |||
| Period Momentum Indicator | 0.01 |
Near Risk Indicators
The analysis of Near'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 Near's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting near crypto coin 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 | 3.97 | |||
| Semi Deviation | 5.06 | |||
| Standard Deviation | 5.44 | |||
| Variance | 29.63 | |||
| Downside Variance | 32.84 | |||
| Semi Variance | 25.6 | |||
| Expected Short fall | (4.28) |
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 Near offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Near'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 Near Crypto.Check out Historical Fundamental Analysis of Near to cross-verify your projections. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.