BetaPro Canadian ETF Forward View - Polynomial Regression
| GDXU ETF | 100.17 -7.94 -7.34% |
BetaPro Canadian's Polynomial Regression reference data reflects the model's output when applied to available daily price observations. This page summarizes the model output and key accuracy metrics for reference. The projected value and error metrics are calculated from available daily price observations. This information is intended as reference material for analytical purposes.
The Polynomial Regression forecasted value of BetaPro Canadian Gold on the next trading day is expected to be 82.99 with a mean absolute deviation of 12.76 and the sum of the absolute errors of 791.22.A single variable polynomial regression model attempts to put a curve through the BetaPro Canadian historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm The Polynomial Regression reference values for BetaPro Canadian are derived from publicly available price data and should be used for informational purposes only. Polynomial Regression Price Forecast For the 28th of March
Given 90 days horizon, the Polynomial Regression forecasted value of BetaPro Canadian Gold on the next trading day is expected to be 82.99 with a mean absolute deviation of 12.76 , mean absolute percentage error of 251.98 , and the sum of the absolute errors of 791.22 .Please note that although there have been many attempts to predict BetaPro 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 BetaPro Canadian's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ETF Forecast Pattern
Forecasted Value
The next-day forecast for BetaPro Canadian Gold focuses on identifying predictive downside and upside bands that can frame a realistic trading range. Used properly, these levels provide context around forecast dispersion rather than certainty about the next closing print.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of BetaPro Canadian ETF data series using in forecasting. Note that when a statistical model is used to represent BetaPro 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 | 125.4777 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 12.7617 |
| MAPE | Mean absolute percentage error | 0.0919 |
| SAE | Sum of the absolute errors | 791.2234 |
Other Forecasting Options for BetaPro Canadian
Relative Strength Index values for BetaPro measure the speed and magnitude of recent price changes. Recognizing these clusters in BetaPro Canadian's returns helps calibrate position size and stop-loss levels. Candlestick pattern analysis of BetaPro ETF daily data can reveal short-term reversal or continuation signals. Identifying these patterns in BetaPro ETF data supports better trade timing.BetaPro Canadian Related Equities
These stocks are related to BetaPro Canadian and can be used for peer review, pricing, or spreading risk. Profit comparisons show whether BetaPro Canadian earns above or below average returns next to its peers. How BetaPro Canadian ranks within this group can shift over time as the competitive picture changes. This type of review is most useful when done often to track how positions shift over time.
| Risk & Return | Correlation |
BetaPro Canadian Market Strength Events
Market strength indicators provide a structured view of how BetaPro Canadian ETF is positioned relative to trends. These indicators are valuable tools for identifying when to enter or exit positions in BetaPro Canadian Gold. These signals help validate or refine position timing for BetaPro Canadian. Review these indicators alongside BetaPro Canadian's fundamental data for a complete analytical picture.
| Accumulation Distribution | 7827.32 | |||
| Daily Balance Of Power | -0.74 | |||
| Rate Of Daily Change | 0.93 | |||
| Day Median Price | 105.54 | |||
| Day Typical Price | 103.75 | |||
| Market Facilitation Index | 1.0E-4 | |||
| Price Action Indicator | -9.34 | |||
| Period Momentum Indicator | -7.94 | |||
| Relative Strength Index | 41.04 |
BetaPro Canadian Risk Indicators
The analysis of BetaPro Canadian's risk metrics is one of the most important steps in projecting its future price. This process quantifies the risk associated with BetaPro Canadian's and helps determine how to manage it. A structured analysis of BetaPro Canadian's risk indicators is one of the most reliable ways to improve forecast accuracy. Investors who carefully evaluate the risks in BetaPro Canadian's are better positioned to make informed decisions.
| Mean Deviation | 4.93 | |||
| Semi Deviation | 8.85 | |||
| Standard Deviation | 6.69 | |||
| Variance | 44.71 | |||
| Downside Variance | 81.69 | |||
| Semi Variance | 78.29 | |||
| Expected Short fall | -3.97 |
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 BetaPro Canadian
Story coverage around BetaPro Canadian Gold often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. A disciplined read of coverage separates durable relevance from temporary noise.
Other Macroaxis Stories
Macroaxis story coverage is designed for a broad investing audience that ranges from self-directed traders to advisers, researchers, and institutional market participants. The content is intended to support people who want a more structured path from headline information to portfolio action.
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BetaPro Canadian financial ratios describe how key financial values relate to each other. All information reflects the latest available financial data and is presented for reference purposes.