ZKB Gold Etf Forward View - Simple Moving Average
| ZGLDHE Etf | EUR 2,392 -68.50 -2.78% |
The Simple Moving Average 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 Simple Moving Average forecasted value of ZKB Gold ETF on the next trading day is expected to be 2,426 with a mean absolute deviation of 39.94 and the sum of the absolute errors of 2,356.The simple moving average model is conceptually a linear regression of the current value of ZKB Gold ETF price series against current and previous (unobserved) value of ZKB Gold. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future All forecast values on this page for ZKB Gold ETF are Simple Moving Average reference data derived from historical price series. Simple Moving Average Price Forecast For the 19th of March
Given 90 days horizon, the Simple Moving Average forecasted value of ZKB Gold ETF on the next trading day is expected to be 2,426 with a mean absolute deviation of 39.94 , mean absolute percentage error of 3,045 , and the sum of the absolute errors of 2,356 .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 2,424 on the downside to about 2,428 on the upside.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Moving Average 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 | 122.4559 |
| Bias | Arithmetic mean of the errors | -6.8475 |
| MAD | Mean absolute deviation | 39.9407 |
| MAPE | Mean absolute percentage error | 0.0166 |
| SAE | Sum of the absolute errors | 2356.5 |
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 helps investors understand 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 | 54.58 | |||
| Daily Balance Of Power | -0.82 | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 2418.25 | |||
| Day Typical Price | 2409.5 | |||
| Market Facilitation Index | 0.0519 | |||
| Price Action Indicator | -60.50 | |||
| Period Momentum Indicator | -68.50 | |||
| Relative Strength Index | 48.15 |
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 | 1.39 | |||
| Semi Deviation | 1.93 | |||
| Standard Deviation | 1.95 | |||
| Variance | 3.81 | |||
| Downside Variance | 4.69 | |||
| Semi Variance | 3.74 | |||
| Expected Short fall | -1.41 |
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 help frame valuation context across profits, cash flow, and enterprise value. They help compare ZKB across measures in a consistent way.