Illuvium Crypto Coin Forecast - Naive Prediction
| ILV Crypto | USD 109.74 1.05 0.97% |
Illuvium Crypto Coin Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Illuvium crypto prices and determine the direction of Illuvium's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Illuvium historical fundamentals such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Illuvium to cross-verify your projections. Illuvium |
Most investors in Illuvium cannot accurately predict what will happen the next trading day because, historically, stock 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 Illuvium's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Illuvium's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Illuvium is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Illuvium value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period. Illuvium Naive Prediction Price Forecast For the 3rd of December
Given 90 days horizon, the Naive Prediction forecasted value of Illuvium on the next trading day is expected to be 105.67 with a mean absolute deviation of 3.19, mean absolute percentage error of 24.15, and the sum of the absolute errors of 197.86.Please note that although there have been many attempts to predict Illuvium 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 Illuvium's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Illuvium Crypto Coin Forecast Pattern
Illuvium Forecasted Value
In the context of forecasting Illuvium'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. Illuvium's downside and upside margins for the forecasting period are 100.16 and 111.18, respectively. We have considered Illuvium'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Illuvium crypto coin data series using in forecasting. Note that when a statistical model is used to represent Illuvium 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 | 123.1329 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 3.1913 |
| MAPE | Mean absolute percentage error | 0.049 |
| SAE | Sum of the absolute errors | 197.8627 |
Predictive Modules for Illuvium
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Illuvium. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock 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, frequently view the market will even out over time. This tendency of Illuvium'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. Please use the tools below to analyze the current value of Illuvium in the context of predictive analytics.
Other Forecasting Options for Illuvium
For every potential investor in Illuvium, whether a beginner or expert, Illuvium's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Illuvium Crypto Coin price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Illuvium. Basic forecasting techniques help filter out the noise by identifying Illuvium's price trends.Illuvium 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 Illuvium crypto coin to make a market-neutral strategy. Peer analysis of Illuvium could also be used in its relative valuation, which is a method of valuing Illuvium by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Illuvium Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Illuvium's price movements, , a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Illuvium's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Illuvium Risk Indicators
The analysis of Illuvium's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Illuvium's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Illuvium stock price, 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 | 3.77 | |||
| Semi Deviation | 2.38 | |||
| Standard Deviation | 5.49 | |||
| Variance | 30.12 | |||
| Downside Variance | 9.56 | |||
| Semi Variance | 5.68 | |||
| Expected Short fall | (5.13) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Some cryptocurrency investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. However, unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Illuvium in the overall investment community. So, suppose investors can accurately measure the crypto's market sentiment. In that case, they can use it for their benefit. For example, some tools provided by cryptocurrency exchanges to gauge market sentiment could be utilized to time the market in a somewhat predictable way.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Illuvium using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
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Check out Historical Fundamental Analysis of Illuvium to cross-verify your projections. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Illuvium Crypto Coin analysis
When running Illuvium's price analysis, check to measure Illuvium's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Illuvium is operating at the current time. Most of Illuvium's value examination focuses on studying past and present price actions to predict the probability of Illuvium's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Illuvium's coin price. Additionally, you may evaluate how adding Illuvium to your portfolios can decrease your overall portfolio volatility.
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