Hamilton Utilities Etf Forward View - Simple Regression
| UMAX Etf | 13.59 0.07 0.52% |
Hamilton Utilities's Simple 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 Simple Regression forecasted value of Hamilton Utilities YIELD on the next trading day is expected to be 13.89 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 8.27.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 Hamilton Utilities YIELD historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data. The Simple Regression reference values for Hamilton Utilities are derived from publicly available price data and should be used for informational purposes only. Simple Regression Price Forecast For the 27th of March
Given 90 days horizon, the Simple Regression forecasted value of Hamilton Utilities YIELD on the next trading day is expected to be 13.89 with a mean absolute deviation of 0.13 , mean absolute percentage error of 0.03 , and the sum of the absolute errors of 8.27 .Please note that although there have been many attempts to predict Hamilton 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 Hamilton Utilities' 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 Hamilton Utilities YIELD for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. No forecasting approach has been shown to beat all others over time. Investors should treat any model output as a guide, not a guarantee.
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 Hamilton Utilities etf data series using in forecasting. Note that when a statistical model is used to represent Hamilton Utilities 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 | 116.2942 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1334 |
| MAPE | Mean absolute percentage error | 0.01 |
| SAE | Sum of the absolute errors | 8.2737 |
Other Forecasting Options for Hamilton Utilities
Relative Strength Index values for Hamilton measure the speed and magnitude of recent price changes. Recognizing these clusters in Hamilton Utilities' returns helps calibrate position size and stop-loss levels. Candlestick pattern analysis of Hamilton Etf daily data can reveal short-term reversal or continuation signals. Identifying these patterns in Hamilton Etf data supports better trade timing.Hamilton Utilities Related Equities
The stocks listed below are peers of Hamilton Utilities within the Sector Equity space and offer context for ranking and strength. Key comparison metrics include price-to-earnings, profit margin, and revenue growth across Hamilton Utilities' peer group. How Hamilton Utilities 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 |
Hamilton Utilities Market Strength Events
Market strength indicators provide a structured view of how Hamilton Utilities etf is positioned relative to trends. These indicators are valuable tools for identifying when to enter or exit positions in Hamilton Utilities YIELD. These signals help validate or refine position timing for Hamilton Utilities. Review these indicators alongside Hamilton Utilities's fundamental data for a complete analytical picture.
Hamilton Utilities Risk Indicators
The analysis of Hamilton Utilities' risk metrics is one of the most important steps in projecting its future price. This process quantifies the risk associated with Hamilton Utilities' and helps determine how to manage it. A structured analysis of Hamilton Utilities' risk indicators is one of the most reliable ways to improve forecast accuracy. Investors who carefully evaluate the risks in Hamilton Utilities' are better positioned to make informed decisions.
| Mean Deviation | 0.3661 | |||
| Semi Deviation | 0.2054 | |||
| Standard Deviation | 0.4564 | |||
| Variance | 0.2083 | |||
| Downside Variance | 0.2192 | |||
| Semi Variance | 0.0422 | |||
| Expected Short fall | -0.45 |
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 Hamilton Utilities
A coverage review of Hamilton Utilities YIELD shows when the security is attracting above-average attention from contributors and market observers. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
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Hamilton Utilities financial ratios describe how key financial values relate to each other. Values are aligned to support consistent measurement over time.