1WO Crypto Coin Forecast - Double Exponential Smoothing
1WO Crypto | USD 0.09 0.0002 0.22% |
The Double Exponential Smoothing forecasted value of 1WO on the next trading day is expected to be 0.09 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.11. 1WO Crypto Coin Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast 1WO crypto prices and determine the direction of 1WO's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of 1WO's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. 1WO |
Most investors in 1WO cannot accurately predict what will happen the next trading day because, historically, crypto markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the 1WO's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets 1WO's price structures and extracts relationships that further increase the generated results' accuracy.
Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for 1WO works best with periods where there are trends or seasonality. 1WO Double Exponential Smoothing Price Forecast For the 18th of April 2024
Given 90 days horizon, the Double Exponential Smoothing forecasted value of 1WO on the next trading day is expected to be 0.09 with a mean absolute deviation of 0, mean absolute percentage error of 0.000016, and the sum of the absolute errors of 0.11.Please note that although there have been many attempts to predict 1WO Crypto Coin prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that 1WO's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
1WO Crypto Coin Forecast Pattern
1WO Forecasted Value
In the context of forecasting 1WO's Crypto Coin value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. 1WO's downside and upside margins for the forecasting period are 0.09 and 0.09, respectively. We have considered 1WO's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
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 1WO crypto coin data series using in forecasting. Note that when a statistical model is used to represent 1WO crypto coin, 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 | -5.0E-4 |
MAD | Mean absolute deviation | 0.0018 |
MAPE | Mean absolute percentage error | 0.0185 |
SAE | Sum of the absolute errors | 0.1081 |
Predictive Modules for 1WO
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 1WO. Regardless of method or technology, however, to accurately forecast the crypto coin market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the crypto coin market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 1WO's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
1WO Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with 1WO crypto coin to make a market-neutral strategy. Peer analysis of 1WO could also be used in its relative valuation, which is a method of valuing 1WO by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
1WO Market Strength Events
Market strength indicators help investors to evaluate how 1WO crypto coin reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 1WO shares will generate the highest return on investment. By undertsting and applying 1WO crypto coin market strength indicators, traders can identify 1WO entry and exit signals to maximize returns.
Accumulation Distribution | 0.0022 | |||
Daily Balance Of Power | (1.00) | |||
Rate Of Daily Change | 1.0 | |||
Day Median Price | 0.0909 | |||
Day Typical Price | 0.0909 | |||
Market Facilitation Index | 2.0E-4 | |||
Price Action Indicator | (0.0002) | |||
Period Momentum Indicator | (0.0002) |
1WO Risk Indicators
The analysis of 1WO's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in 1WO's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting 1wo crypto coin prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Mean Deviation | 1.72 | |||
Standard Deviation | 3.47 | |||
Variance | 12.03 |
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.
Thematic Opportunities
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.