ZKB Gold Etf Forward View - Double Exponential Smoothing
| ZGLDHE Etf | EUR 2,234 -27.50 -1.22% |
The Double Exponential Smoothing reference data for ZKB Gold is derived from the equity's published trading history. Forecast values and accuracy indicators are summarized on this page for reference.
The Double Exponential Smoothing forecasted value of ZKB Gold ETF on the next trading day is expected to be 2,211 with a mean absolute deviation of 41.40 and the sum of the absolute errors of 2,443.When ZKB Gold ETF prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any ZKB Gold ETF trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent ZKB Gold observations are given relatively more weight in forecasting than the older observations. All forecast values on this page for ZKB Gold ETF are Double Exponential Smoothing reference data derived from historical price series. Double Exponential Smoothing Price Forecast For the 23rd of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of ZKB Gold ETF on the next trading day is expected to be 2,211 with a mean absolute deviation of 41.40 , mean absolute percentage error of 3,092 , and the sum of the absolute errors of 2,443 .Please note that although there have been many attempts to predict ZKB 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 ZKB Gold'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
For the next trading day, Macroaxis evaluates ZKB Gold's predictive range by looking for statistically meaningful downside and upside boundaries. The projected forecast band currently runs from roughly 2,209 on the downside to about 2,213 on the upside.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of ZKB Gold etf data series using in forecasting. Note that when a statistical model is used to represent ZKB Gold 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 | 12.0684 |
| MAD | Mean absolute deviation | 41.3983 |
| MAPE | Mean absolute percentage error | 0.0172 |
| SAE | Sum of the absolute errors | 2442.5022 |
Other Forecasting Options for ZKB Gold
For both new and experienced investors in ZKB, the ability to analyze ZKB Gold's price movement is a fundamental investment skill. Price chart noise in ZKB Etf can create false signals and mislead investment decisions.ZKB Gold Related Equities
The following equities are related to ZKB Gold within the Commodities - Precious Metals space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing ZKB Gold against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |
ZKB Gold Market Strength Events
Tracking market strength indicators for ZKB Gold provides context for understanding the momentum dynamics of the etf in real time. These signals support informed decisions about when to enter or exit positions in ZKB Gold ETF for maximum return potential.
| Accumulation Distribution | 0.0373 | |||
| Daily Balance Of Power | -0.32 | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 2276.75 | |||
| Day Typical Price | 2262.33 | |||
| Market Facilitation Index | 86.5 | |||
| Price Action Indicator | -57.00 | |||
| Period Momentum Indicator | -27.50 | |||
| Relative Strength Index | 41.12 |
ZKB Gold Risk Indicators
Properly assessing ZKB Gold's risk indicators is a prerequisite for building reliable price forecasts. Identifying and quantifying the risks associated with ZKB Gold's allows investors to make better-informed decisions about accepting or hedging their exposure.
| Mean Deviation | 1.52 | |||
| Semi Deviation | 2.26 | |||
| Standard Deviation | 2.11 | |||
| Variance | 4.44 | |||
| Downside Variance | 5.83 | |||
| Semi Variance | 5.11 | |||
| Expected Short fall | -1.43 |
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 ZKB Gold
Story coverage around ZKB Gold ETF often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. The stronger process compares story flow with performance, theme classification, and the level of short-term market interest.
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Other Information on Investing in ZKB Etf
Financial ratios for ZKB Gold show relationships between important financial metrics. They provide context across profit, cash flow, and overall value. The format ensures financial data remains comparable across time periods. The figures shown are derived from the most recent reporting inputs available.