Illuvium Crypto Coin Forecast - Polynomial Regression
| ILV Crypto | USD 98.35 0.41 0.42% |
The Polynomial Regression forecasted value of Illuvium on the next trading day is expected to be 79.87 with a mean absolute deviation of 7.44 and the sum of the absolute errors of 461.23. 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. We recommend always using this module together with an analysis of Illuvium's 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, 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 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.
Illuvium polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Illuvium as well as the accuracy indicators are determined from the period prices. Illuvium Polynomial Regression Price Forecast For the 26th of April
Given 90 days horizon, the Polynomial Regression forecasted value of Illuvium on the next trading day is expected to be 79.87 with a mean absolute deviation of 7.44, mean absolute percentage error of 86.48, and the sum of the absolute errors of 461.23.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 72.21 and 87.53, 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 Polynomial Regression 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 | 124.4083 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 7.4392 |
| MAPE | Mean absolute percentage error | 0.0679 |
| SAE | Sum of the absolute errors | 461.2304 |
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 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 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.
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 crypto coin 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 Market Strength Events
Market strength indicators help investors to evaluate how Illuvium 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 Illuvium shares will generate the highest return on investment. By undertsting and applying Illuvium crypto coin market strength indicators, traders can identify Illuvium entry and exit signals to maximize returns.
Illuvium Risk Indicators
The analysis of Illuvium'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 Illuvium's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting illuvium 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 | 5.08 | |||
| Semi Deviation | 5.38 | |||
| Standard Deviation | 7.55 | |||
| Variance | 56.97 | |||
| Downside Variance | 34.27 | |||
| Semi Variance | 28.93 | |||
| Expected Short fall | (5.94) |
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.
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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Illuvium to cross-verify your projections. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.