Macquarie ETF Etf Forward View - Simple Regression
| PWER Etf | 39.31 0.61 1.58% |
Macquarie ETF's Simple Regression reference data is generated by applying the model to available daily closing prices. Accuracy metrics including mean absolute deviation are provided alongside the projection.
The Simple Regression forecasted value of Macquarie ETF Trust on the next trading day is expected to be 41.01 with a mean absolute deviation of 1.02 and the sum of the absolute errors of 62.24.In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Macquarie ETF Trust historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data. Macquarie ETF's Simple Regression reference data is provided for informational and analytical purposes and does not constitute a trading recommendation. Simple Regression Price Forecast For the 26th of March
Given 90 days horizon, the Simple Regression forecasted value of Macquarie ETF Trust on the next trading day is expected to be 41.01 with a mean absolute deviation of 1.02 , mean absolute percentage error of 1.39 , and the sum of the absolute errors of 62.24 .Please note that although there have been many attempts to predict Macquarie 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 Macquarie ETF's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Etf Forecast Pattern
| Backtest Macquarie ETF | Macquarie ETF Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates Macquarie ETF's predictive range by looking for statistically meaningful downside and upside boundaries. At the moment, the model places downside around 39.42 and upside around 42.60 for the forecasting period.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Macquarie ETF etf data series using in forecasting. Note that when a statistical model is used to represent Macquarie ETF 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 | 118.4367 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.0203 |
| MAPE | Mean absolute percentage error | 0.0263 |
| SAE | Sum of the absolute errors | 62.2402 |
Other Forecasting Options for Macquarie ETF
Analyzing Macquarie ETF's price movement through moving averages at different time horizons reveals whether short-term momentum aligns with the longer-term trend. Touches of the upper or lower band in Macquarie ETF's chart can signal overbought or oversold conditions.Macquarie ETF Related Equities
These related stocks within the Equity Energy space give benchmarks for judging Macquarie ETF's results, margins, and growth trend. Profit comparisons show whether Macquarie ETF earns above or below average returns next to its peers. How Macquarie ETF ranks within this group can shift over time as the competitive picture changes.
| Risk & Return | Correlation |
Macquarie ETF Market Strength Events
Market strength indicators for Macquarie ETF etf provide a framework for assessing security responsiveness. These metrics are widely used to refine market timing and identify favorable moments to trade Macquarie ETF.
Macquarie ETF Risk Indicators
Assessing Macquarie ETF's risk indicators is a critical component of any rigorous approach to forecasting its future price. Forecasting Macquarie ETF's future price accurately requires understanding and quantifying the risks present in the investment.
| Mean Deviation | 1.18 | |||
| Semi Deviation | 1.47 | |||
| Standard Deviation | 1.54 | |||
| Variance | 2.38 | |||
| Downside Variance | 2.75 | |||
| Semi Variance | 2.15 | |||
| Expected Short fall | -1.24 |
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 Macquarie ETF
A coverage review of Macquarie ETF Trust shows when the security is attracting above-average attention from contributors and market observers. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
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Latest Perspective From Macroaxis
More Resources for Macquarie Etf Analysis
A broader look at Macquarie ETF Trust comes from its financial reports and historical data. The dataset reflects Macquarie ETF's reporting across available periods.The Historical Fundamental Analysis of Macquarie ETF module adds a historical reference layer for Macquarie ETF's projections. Macquarie ETF currently shows P/E of 22.62, market cap of 508.92 Million. Macquarie ETF data on this page supports broader research - the resources below add portfolio-level context. A thorough Macquarie ETF review pairs this page with the quantitative and comparative resources listed below. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Comparing Macquarie ETF's market price with book value reveals how market sentiment relates to accounting fundamentals. Macquarie ETF's market capitalization is 508.92 M. Intrinsic value represents an estimate of underlying worth and can differ from both market price and book value.
Macquarie ETF's estimated value and market price are complementary but separate measures of worth. Macquarie ETF's trading price represents the transaction level agreed by market participants.