CI Canadian Etf Forecast - Simple Exponential Smoothing
| CIC Etf | CAD 15.63 0.06 0.39% |
The Simple Exponential Smoothing forecasted value of CI Canadian Banks on the next trading day is expected to be 15.63 with a mean absolute deviation of 0.07 and the sum of the absolute errors of 4.12. CIC Etf Forecast is based on your current time horizon.
The relative strength momentum indicator of CI Canadian's etf price is about 62 suggesting that the etf is rather overbought by investors as of today. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling CIC, making its price go up or down. Momentum 62
Buy Extended
Oversold | Overbought |
Using CI Canadian hype-based prediction, you can estimate the value of CI Canadian Banks from the perspective of CI Canadian response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of CI Canadian Banks on the next trading day is expected to be 15.63 with a mean absolute deviation of 0.07 and the sum of the absolute errors of 4.12. CI Canadian after-hype prediction price | CAD 15.63 |
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.
CIC |
CI Canadian Additional Predictive Modules
Most predictive techniques to examine CIC price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for CIC using various technical indicators. When you analyze CIC 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 Canadian Simple Exponential Smoothing Price Forecast For the 24th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of CI Canadian Banks on the next trading day is expected to be 15.63 with a mean absolute deviation of 0.07, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.12.Please note that although there have been many attempts to predict CIC 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 Canadian's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
CI Canadian Etf Forecast Pattern
| Backtest CI Canadian | CI Canadian Price Prediction | Buy or Sell Advice |
CI Canadian Forecasted Value
In the context of forecasting CI Canadian'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 Canadian's downside and upside margins for the forecasting period are 15.06 and 16.20, respectively. We have considered CI Canadian'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 CI Canadian etf data series using in forecasting. Note that when a statistical model is used to represent CI Canadian 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 | 113.2476 |
| Bias | Arithmetic mean of the errors | -0.0226 |
| MAD | Mean absolute deviation | 0.0675 |
| MAPE | Mean absolute percentage error | 0.0045 |
| SAE | Sum of the absolute errors | 4.12 |
Predictive Modules for CI Canadian
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 Canadian Banks. 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 Canadian After-Hype Price Prediction Density Analysis
As far as predicting the price of CI Canadian 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 Canadian 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 Canadian, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
CI Canadian Estimiated After-Hype Price Volatility
In the context of predicting CI Canadian's etf value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on CI Canadian's historical news coverage. CI Canadian's after-hype downside and upside margins for the prediction period are 15.06 and 16.20, respectively. We have considered CI Canadian'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 Canadian is very steady at this time. Analysis and calculation of next after-hype price of CI Canadian Banks is based on 3 months time horizon.
CI Canadian Etf Price Prediction Analysis
Have you ever been surprised when a price of a ETF such as CI Canadian is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading CI Canadian 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 Canadian, 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 |
0.15 | 0.57 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | In 5 to 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
15.63 | 15.63 | 0.00 |
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CI Canadian Hype Timeline
CI Canadian Banks is currently traded for 15.63on Toronto Exchange of Canada. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. CIC is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is currently at 0.15%. %. The volatility of related hype on CI Canadian is about 0.0%, with the expected price after the next announcement by competition of 15.63. The company last dividend was issued on the 21st of June 1970. Assuming the 90 days trading horizon the next forecasted press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of CI Canadian to cross-verify your projections.CI Canadian Related Hype Analysis
Having access to credible news sources related to CI Canadian's direct competition is more important than ever and may enhance your ability to predict CI Canadian's future price movements. Getting to know how CI Canadian'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 Canadian may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| RBNK | RBC Canadian Bank | 0.00 | 0 per month | 0.36 | 0.13 | 1.25 | (1.02) | 2.83 | |
| XTR | iShares Diversified Monthly | 0.00 | 0 per month | 0.22 | (0.25) | 0.43 | (0.59) | 1.18 | |
| QBTL | AGFiQ Market Neutral | 0.00 | 0 per month | 0.00 | (0.17) | 2.12 | (2.05) | 5.46 | |
| XMV | iShares MSCI Canada | 0.00 | 0 per month | 0.39 | (0.01) | 0.99 | (0.74) | 2.47 | |
| AMAX | Hamilton Gold Producer | 0.00 | 0 per month | 1.46 | 0.20 | 3.96 | (3.60) | 8.89 | |
| VXM | First Asset Morningstar | 0.00 | 0 per month | 0.17 | 0.14 | 1.04 | (0.60) | 3.41 | |
| EMAX | Hamilton Energy YIELD | 0.00 | 0 per month | 1.02 | 0.03 | 1.76 | (1.39) | 5.11 | |
| CEW | iShares Equal Weight | 0.00 | 0 per month | 0.31 | 0.08 | 1.10 | (1.06) | 3.23 | |
| HSH | Global X SP | 0.00 | 0 per month | 0.74 | (0.1) | 1.09 | (1.34) | 3.58 | |
| EGIF | Exemplar Growth and | 0.00 | 0 per month | 0.00 | 0.02 | 0.32 | 0.00 | 5.53 |
Other Forecasting Options for CI Canadian
For every potential investor in CIC, whether a beginner or expert, CI Canadian's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. CIC Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in CIC. Basic forecasting techniques help filter out the noise by identifying CI Canadian's price trends.CI Canadian 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 Canadian etf to make a market-neutral strategy. Peer analysis of CI Canadian could also be used in its relative valuation, which is a method of valuing CI Canadian by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
CI Canadian Market Strength Events
Market strength indicators help investors to evaluate how CI Canadian 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 Canadian shares will generate the highest return on investment. By undertsting and applying CI Canadian etf market strength indicators, traders can identify CI Canadian Banks entry and exit signals to maximize returns.
CI Canadian Risk Indicators
The analysis of CI Canadian'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 Canadian's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cic 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 | 0.437 | |||
| Semi Deviation | 0.2719 | |||
| Standard Deviation | 0.5701 | |||
| Variance | 0.325 | |||
| Downside Variance | 0.3316 | |||
| Semi Variance | 0.074 | |||
| Expected Short fall | (0.53) |
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 Canadian
The number of cover stories for CI Canadian depends on current market conditions and CI Canadian'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 Canadian 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 Canadian'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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Other Information on Investing in CIC Etf
CI Canadian financial ratios help investors to determine whether CIC 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 CIC with respect to the benefits of owning CI Canadian security.