CI Galaxy Etf Forecast - Simple Moving Average
| CBCX Etf | 45.53 0.01 0.02% |
The Simple Moving Average forecasted value of CI Galaxy Blockchain on the next trading day is expected to be 45.53 with a mean absolute deviation of 1.57 and the sum of the absolute errors of 93.95. CBCX Etf Forecast is based on your current time horizon.
As of today the relative strength momentum indicator of CI Galaxy's share price is below 20 suggesting that the etf is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using CI Galaxy hype-based prediction, you can estimate the value of CI Galaxy Blockchain from the perspective of CI Galaxy response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Moving Average forecasted value of CI Galaxy Blockchain on the next trading day is expected to be 45.53 with a mean absolute deviation of 1.57 and the sum of the absolute errors of 93.95. CI Galaxy after-hype prediction price | CAD 45.57 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as etf price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
CBCX |
CI Galaxy Additional Predictive Modules
Most predictive techniques to examine CBCX price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for CBCX using various technical indicators. When you analyze CBCX charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
CI Galaxy Simple Moving Average Price Forecast For the 25th of January
Given 90 days horizon, the Simple Moving Average forecasted value of CI Galaxy Blockchain on the next trading day is expected to be 45.53 with a mean absolute deviation of 1.57, mean absolute percentage error of 4.08, and the sum of the absolute errors of 93.95.Please note that although there have been many attempts to predict CBCX 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 CI Galaxy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
CI Galaxy Etf Forecast Pattern
| Backtest CI Galaxy | CI Galaxy Price Prediction | Buy or Sell Advice |
CI Galaxy Forecasted Value
In the context of forecasting CI Galaxy'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. CI Galaxy's downside and upside margins for the forecasting period are 41.60 and 49.46, respectively. We have considered CI Galaxy'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 Moving Average forecasting method's relative quality and the estimations of the prediction error of CI Galaxy etf data series using in forecasting. Note that when a statistical model is used to represent CI Galaxy 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 | 117.6777 |
| Bias | Arithmetic mean of the errors | 0.3888 |
| MAD | Mean absolute deviation | 1.5658 |
| MAPE | Mean absolute percentage error | 0.0333 |
| SAE | Sum of the absolute errors | 93.95 |
Predictive Modules for CI Galaxy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CI Galaxy Blockchain. 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.CI Galaxy After-Hype Price Prediction Density Analysis
As far as predicting the price of CI Galaxy at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in CI Galaxy or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Etf prices, such as prices of CI Galaxy, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
CI Galaxy Estimiated After-Hype Price Volatility
In the context of predicting CI Galaxy's etf value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on CI Galaxy's historical news coverage. CI Galaxy's after-hype downside and upside margins for the prediction period are 41.64 and 49.50, respectively. We have considered CI Galaxy's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
CI Galaxy is very steady at this time. Analysis and calculation of next after-hype price of CI Galaxy Blockchain is based on 3 months time horizon.
CI Galaxy Etf Price Prediction Analysis
Have you ever been surprised when a price of a ETF such as CI Galaxy is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading CI Galaxy backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Etf price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with CI Galaxy, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.45 | 3.93 | 0.04 | 0.01 | 3 Events / Month | 1 Events / Month | In about 3 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
45.53 | 45.57 | 0.09 |
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CI Galaxy Hype Timeline
CI Galaxy Blockchain is currently traded for 45.53on Toronto Exchange of Canada. The entity has historical hype elasticity of 0.04, and average elasticity to hype of competition of -0.01. CBCX is estimated to increase in value after the next headline, with the price projected to jump to 45.57 or above. The average volatility of media hype impact on the company the price is over 100%. The price boost on the next news is estimated to be 0.09%, whereas the daily expected return is currently at -0.45%. The volatility of related hype on CI Galaxy is about 13603.85%, with the expected price after the next announcement by competition of 45.52. Assuming the 90 days trading horizon the next estimated press release will be in about 3 days. Check out Historical Fundamental Analysis of CI Galaxy to cross-verify your projections.CI Galaxy Related Hype Analysis
Having access to credible news sources related to CI Galaxy's direct competition is more important than ever and may enhance your ability to predict CI Galaxy's future price movements. Getting to know how CI Galaxy's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how CI Galaxy may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| CBCX | CI Galaxy Blockchain | 0.08 | 3 per month | 0.00 | (0.10) | 5.83 | (7.71) | 18.92 | |
| NHYB | NBI High Yield | (0.09) | 3 per month | 0.35 | (0.20) | 0.60 | (0.68) | 1.69 | |
| AGLB | AGF GLOBAL OPPORTUNITIES | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| NUBF | NBI Unconstrained Fixed | 0.05 | 8 per month | 0.28 | (0.22) | 0.80 | (0.56) | 1.64 | |
| QDXB | Mackenzie Developed ex North | (0.03) | 7 per month | 0.00 | (0.33) | 0.39 | (0.28) | 1.76 | |
| ZSB | BMO Short Term Bond | 0.00 | 0 per month | 0.11 | (0.69) | 0.14 | (0.20) | 0.70 | |
| CNDD | BetaPro SPTSX 60 | (0.12) | 5 per month | 0.00 | (0.24) | 2.26 | (2.16) | 5.73 | |
| SPYD | MegaShort SP 500 | (0.1) | 5 per month | 0.00 | (0.09) | 3.82 | (3.39) | 9.85 | |
| ZXLY-F | BMO SPDR Consumer | (0.05) | 1 per month | 1.09 | (0.02) | 1.86 | (1.89) | 6.18 |
Other Forecasting Options for CI Galaxy
For every potential investor in CBCX, whether a beginner or expert, CI Galaxy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. CBCX Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in CBCX. Basic forecasting techniques help filter out the noise by identifying CI Galaxy's price trends.CI Galaxy 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 CI Galaxy etf to make a market-neutral strategy. Peer analysis of CI Galaxy could also be used in its relative valuation, which is a method of valuing CI Galaxy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
CI Galaxy Market Strength Events
Market strength indicators help investors to evaluate how CI Galaxy etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CI Galaxy shares will generate the highest return on investment. By undertsting and applying CI Galaxy etf market strength indicators, traders can identify CI Galaxy Blockchain entry and exit signals to maximize returns.
CI Galaxy Risk Indicators
The analysis of CI Galaxy'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 CI Galaxy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cbcx 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 | 3.09 | |||
| Standard Deviation | 4.07 | |||
| Variance | 16.54 |
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.
Story Coverage note for CI Galaxy
The number of cover stories for CI Galaxy depends on current market conditions and CI Galaxy's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that CI Galaxy is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about CI Galaxy's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Our audience includes start-ups and big corporations as well as marketing, public relation firms, and advertising agencies, including technology and finance journalists. Our platform and its news and story outlet are popular among finance students, amateur traders, self-guided investors, entrepreneurs, retirees and baby boomers, academic researchers, financial advisers, as well as professional money managers - a very diverse and influential demographic landscape united by one goal - build optimal investment portfolios
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Other Information on Investing in CBCX Etf
CI Galaxy financial ratios help investors to determine whether CBCX Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CBCX with respect to the benefits of owning CI Galaxy security.