IndexIQ Etf Forecast - Naive Prediction
| CPI Etf | USD 25.59 0.00 0.00% |
The Naive Prediction forecasted value of IndexIQ on the next trading day is expected to be 25.79 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 5.04. IndexIQ Etf Forecast is based on your current time horizon. We recommend always using this module together with an analysis of IndexIQ's historical fundamentals, such as revenue growth or operating cash flow patterns.
IndexIQ |
IndexIQ Naive Prediction Price Forecast For the 24th of December
Given 90 days horizon, the Naive Prediction forecasted value of IndexIQ on the next trading day is expected to be 25.79 with a mean absolute deviation of 0.08, mean absolute percentage error of 0.01, and the sum of the absolute errors of 5.04.Please note that although there have been many attempts to predict IndexIQ 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 IndexIQ's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
IndexIQ Etf Forecast Pattern
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Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of IndexIQ etf data series using in forecasting. Note that when a statistical model is used to represent IndexIQ 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 | 113.5651 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0826 |
| MAPE | Mean absolute percentage error | 0.0033 |
| SAE | Sum of the absolute errors | 5.0405 |
Predictive Modules for IndexIQ
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as IndexIQ. 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.IndexIQ 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 IndexIQ etf to make a market-neutral strategy. Peer analysis of IndexIQ could also be used in its relative valuation, which is a method of valuing IndexIQ by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
IndexIQ Market Strength Events
Market strength indicators help investors to evaluate how IndexIQ etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IndexIQ shares will generate the highest return on investment. By undertsting and applying IndexIQ etf market strength indicators, traders can identify IndexIQ entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0066 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 25.68 | |||
| Day Typical Price | 25.65 | |||
| Market Facilitation Index | 0.17 | |||
| Price Action Indicator | (0.09) |
IndexIQ Risk Indicators
The analysis of IndexIQ'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 IndexIQ's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting indexiq 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 | 0.2832 | |||
| Semi Deviation | 0.2202 | |||
| Standard Deviation | 0.3564 | |||
| Variance | 0.127 | |||
| Downside Variance | 0.1032 | |||
| Semi Variance | 0.0485 | |||
| Expected Short fall | (0.34) |
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 IndexIQ is a strong investment it is important to analyze IndexIQ's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact IndexIQ's future performance. For an informed investment choice regarding IndexIQ Etf, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
The market value of IndexIQ is measured differently than its book value, which is the value of IndexIQ that is recorded on the company's balance sheet. Investors also form their own opinion of IndexIQ's value that differs from its market value or its book value, called intrinsic value, which is IndexIQ'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 IndexIQ's market value can be influenced by many factors that don't directly affect IndexIQ'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 IndexIQ's value and its price as these two are different measures arrived at by different means. Investors typically determine if IndexIQ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IndexIQ'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.