Amundi Index Etf Forward View - Triple Exponential Smoothing
| CBDAX Etf | CHF 167.82 -3.78 -2.20% |
The Triple Exponential Smoothing forecast shown here for Amundi Index is reference data produced from its historical price series. The projected value and error measures below serve as reference information.
The Triple Exponential Smoothing forecasted value of Amundi Index Solutions on the next trading day is expected to be 167.05 with a mean absolute deviation of 1.34 and the sum of the absolute errors of 79.33.As with simple exponential smoothing, in triple exponential smoothing models past Amundi Index observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Amundi Index Solutions observations. This Triple Exponential Smoothing reference page for Amundi Index presents model-generated projections from historical price data for informational purposes. Triple Exponential Smoothing Price Forecast For the 23rd of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Amundi Index Solutions on the next trading day is expected to be 167.05 with a mean absolute deviation of 1.34 , mean absolute percentage error of 3.98 , and the sum of the absolute errors of 79.33 .Please note that although there have been many attempts to predict Amundi Etf prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Amundi Index's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Etf Forecast Pattern
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Forecasted Value
Forecasting Amundi Index Solutions for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. The projected forecast band currently runs from roughly 165.97 on the downside to about 168.14 on the upside.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Amundi Index etf data series using in forecasting. Note that when a statistical model is used to represent Amundi Index 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 | Huge |
| Bias | Arithmetic mean of the errors | 0.3455 |
| MAD | Mean absolute deviation | 1.3445 |
| MAPE | Mean absolute percentage error | 0.0074 |
| SAE | Sum of the absolute errors | 79.3251 |
Other Forecasting Options for Amundi Index
The distribution of Amundi Index's daily returns is typically non-normal, with fatter tails than a Gaussian model predicts. This can reveal hidden support and resistance zones in Amundi Index's chart that simple price charts miss.Amundi Index Related Equities
Checking Amundi Index against related firms within the Germany Equity space helps investors see where the stock stands among peers. Revenue and margin checks across this group help investors set expectations for Amundi Index's results. Firms that trade at big discounts to peers on core metrics may be worth more research.
| Risk & Return | Correlation |
Amundi Index Market Strength Events
Market strength indicators for Amundi Index give insight into the etf's responsiveness to broader forces. These indicators are useful for traders seeking optimal timing for positions in Amundi Index Solutions.
Amundi Index Risk Indicators
A thorough review of Amundi Index's risk indicators is an important first step in forecasting its price. Quantifying the risk involved in Amundi Index's allows investors to make better decisions about entry, sizing, and hedging.
| Mean Deviation | 0.7196 | |||
| Standard Deviation | 1.09 | |||
| Variance | 1.18 |
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 Amundi Index
The amount of media and story coverage tied to Amundi Index Solutions can signal where market attention is concentrating at the moment. A disciplined read of coverage separates durable relevance from temporary noise.
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Other Information on Investing in Amundi Etf
Financial ratios represent how different financial values are linked for Amundi Index. They reflect how financial results tie into valuation measures.