ZKB Gold Etf Forward View - Simple Regression
| ZGLDHE Etf | EUR 2,234 -27.50 -1.22% |
This reference view applies Simple Regression to ZKB Gold ETF's historical closing prices. ZKB Gold ETF's Simple Regression reference page summarizes the forecasted price and model accuracy metrics from daily trading data. ZKB Gold ETF's forecast reference data is generated from the equity's historical trading prices. Mean absolute deviation and related metrics help quantify forecast uncertainty for ZKB Gold ETF.
The Simple Regression forecasted value of ZKB Gold ETF on the next trading day is expected to be 2,547 with a mean absolute deviation of 82.27 and the sum of the absolute errors of 5,018.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 ZKB Gold ETF historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data. All forecast values on this page for ZKB Gold ETF are Simple Regression reference data derived from historical price series. Simple Regression Price Forecast For the 23rd of March
Given 90 days horizon, the Simple Regression forecasted value of ZKB Gold ETF on the next trading day is expected to be 2,547 with a mean absolute deviation of 82.27 , mean absolute percentage error of 11,346 , and the sum of the absolute errors of 5,018 .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. 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 Simple Regression 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 | 127.4471 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 82.2685 |
| MAPE | Mean absolute percentage error | 0.0346 |
| SAE | Sum of the absolute errors | 5018.377 |
Other Forecasting Options for ZKB Gold
Volume-weighted price analysis for ZKB Etf gives heavier weight to price levels where trading activity was highest. Crossovers in the MACD line and signal line can identify shifts in ZKB momentum before they appear in raw price. Comparing ZKB Gold's realized volatility to implied volatility reveals whether the options market expects larger or smaller moves. Readings above 80 or below 20 highlight potential reversal zones in ZKB Etf price action.ZKB Gold Related Equities
These related stocks within the Commodities - Precious Metals space give benchmarks for judging ZKB Gold's results, margins, and growth trend. Growth rate gaps between ZKB Gold and its peers often explain pricing differences in the market. Peer pricing works best when the firms compared share similar business models and end markets. The framework below supports both relative pricing and competitive standing review.
| Risk & Return | Correlation |
ZKB Gold Market Strength Events
Evaluating the market strength of ZKB Gold etf allows investors to gauge shifts in market momentum. By monitoring these indicators, investors can identify the most opportune moments to trade ZKB Gold ETF. These metrics are particularly useful when ZKB Gold etf shows divergence from broader market trends. Regularly reviewing ZKB Gold ETF strength signals helps maintain a structured approach to position management.
| 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
Understanding ZKB Gold's risk indicators is essential for any investor seeking to forecast its future price accurately. By identifying how much risk is embedded in ZKB Gold's investment, investors can decide how to position their exposure. Reviewing ZKB Gold's basic risk indicators is essential for managing investment risk effectively. The risk-return trade-off for zkb etf becomes clearer when ZKB Gold's risk indicators are properly assessed.
| Mean Deviation | 1.6 | |||
| Semi Deviation | 2.31 | |||
| Standard Deviation | 2.19 | |||
| Variance | 4.79 | |||
| Downside Variance | 6.06 | |||
| Semi Variance | 5.36 | |||
| Expected Short fall | -1.55 |
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
A coverage review of ZKB Gold ETF 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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Other Information on Investing in ZKB Etf
Financial ratios for ZKB Gold show relationships between important financial metrics. The figures shown are derived from the most recent reporting inputs available.