Unknown Indicator
Naive Prediction In A Nutshell
When using the naïve prediction, it is good for only a time series. Knowing how to compare and use data is important because there are hundreds upon hundreds of ways to analyze data and you have to be sure you are effectively analyzing the data.
If you find yourself looking at data, using naïve prediction is typically used as the benchmark predication, and takes previous data and does not alter it, allowing you to use other prediction models against it to see how they are doing.
Closer Look at Naive Prediction
Another aspect to look using naïve prediction is there could be seasonality in the market you are examining and this approach may not be the best to use. There are other factors to keep in mind such as drift and a shift in the average.
These are in depth formulas that can be manipulated and changed, but it is important to understand what goes into the equation because with that you can narrow in on the specific data that may be altering the results. There are many different resources to use on the Internet so be sure to fully understand what is happening before using this in your current setup. Join an investing group and see if other people are using this as you may find it is not widely used due to a various of reasons. Also, check out Macroaxis as there are many useful tools that can help expand your current trading setup.
Other Indicators
All Technical Analysis
Explore Investing Ideas
You can quickly originate your optimal portfoio using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did you try this?
Run Portfolio Optimization Now
Portfolio OptimizationCompute new portfolio that will generate highest expected return given your specified tolerance for risk |
All Next | Launch Module |
Other Complementary Tools
Transaction History View history of all your transactions and understand their impact on performance | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Commodity Directory Find actively traded commodities issued by global exchanges | |
Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
Bonds Directory Find actively traded corporate debentures issued by US companies | |
Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets |