JPMorgan Ultra Etf Forecast - Naive Prediction
| JPST Etf | USD 50.34 0.02 0.04% |
The Naive Prediction forecasted value of JPMorgan Ultra Short Income on the next trading day is expected to be 50.34 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.86. JPMorgan Etf Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast JPMorgan Ultra stock prices and determine the direction of JPMorgan Ultra Short Income's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of JPMorgan Ultra's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of JPMorgan Ultra to cross-verify your projections. JPMorgan |
Open Interest Against 2024-05-17 JPMorgan Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast JPMorgan Ultra's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in JPMorgan Ultra's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for JPMorgan Ultra stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current JPMorgan Ultra's open interest, investors have to compare it to JPMorgan Ultra's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of JPMorgan Ultra is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in JPMorgan. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in JPMorgan Ultra cannot accurately predict what will happen the next trading day because, historically, etf 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 JPMorgan Ultra's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets JPMorgan Ultra's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for JPMorgan Ultra is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of JPMorgan Ultra Short Income 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. JPMorgan Ultra Naive Prediction Price Forecast For the 21st of April
Given 90 days horizon, the Naive Prediction forecasted value of JPMorgan Ultra Short Income on the next trading day is expected to be 50.34 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0008, and the sum of the absolute errors of 0.86.Please note that although there have been many attempts to predict JPMorgan Etf 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 JPMorgan Ultra's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
JPMorgan Ultra Etf Forecast Pattern
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JPMorgan Ultra Forecasted Value
In the context of forecasting JPMorgan Ultra's Etf 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. JPMorgan Ultra's downside and upside margins for the forecasting period are 50.26 and 50.43, respectively. We have considered JPMorgan Ultra'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 JPMorgan Ultra etf data series using in forecasting. Note that when a statistical model is used to represent JPMorgan Ultra 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 | 111.0273 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0142 |
| MAPE | Mean absolute percentage error | 3.0E-4 |
| SAE | Sum of the absolute errors | 0.864 |
Predictive Modules for JPMorgan Ultra
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as JPMorgan Ultra Short. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf 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 JPMorgan Ultra'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 JPMorgan Ultra
For every potential investor in JPMorgan, whether a beginner or expert, JPMorgan Ultra's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. JPMorgan Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in JPMorgan. Basic forecasting techniques help filter out the noise by identifying JPMorgan Ultra's price trends.JPMorgan Ultra 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 JPMorgan Ultra etf to make a market-neutral strategy. Peer analysis of JPMorgan Ultra could also be used in its relative valuation, which is a method of valuing JPMorgan Ultra by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
JPMorgan Ultra Short Technical and Predictive Analytics
The etf market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of JPMorgan Ultra'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 JPMorgan Ultra's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
JPMorgan Ultra Market Strength Events
Market strength indicators help investors to evaluate how JPMorgan Ultra etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading JPMorgan Ultra shares will generate the highest return on investment. By undertsting and applying JPMorgan Ultra etf market strength indicators, traders can identify JPMorgan Ultra Short Income entry and exit signals to maximize returns.
| Accumulation Distribution | 4.0E-4 | |||
| Daily Balance Of Power | 1.0 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 50.35 | |||
| Day Typical Price | 50.35 | |||
| Market Facilitation Index | 0.02 | |||
| Period Momentum Indicator | 0.02 |
JPMorgan Ultra Risk Indicators
The analysis of JPMorgan Ultra'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 JPMorgan Ultra's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting jpmorgan etf 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 | 0.0334 | |||
| Standard Deviation | 0.0818 | |||
| Variance | 0.0067 | |||
| Downside Variance | 0.0252 | |||
| Semi Variance | (0.01) | |||
| Expected Short fall | (0.04) |
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.
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The market value of JPMorgan Ultra Short is measured differently than its book value, which is the value of JPMorgan that is recorded on the company's balance sheet. Investors also form their own opinion of JPMorgan Ultra's value that differs from its market value or its book value, called intrinsic value, which is JPMorgan Ultra's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because JPMorgan Ultra's market value can be influenced by many factors that don't directly affect JPMorgan Ultra's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between JPMorgan Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if JPMorgan Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JPMorgan Ultra's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.