IBEX 35 8 Period Moving Average

IBEX -- Spain Index  

 9,355  28.10  0.30%

Investors can use this prediction interface to forecast IBEX 35 historic prices and determine the direction of IBEX 35 future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of IBEX 35 historical fundamentals such as revenue growth or operating cash flow patterns. See also fundamental analysis of IBEX 35 to check your projections.
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Horizon     30 Days    Login   to change
An 8-period moving average forecast model for IBEX 35 is based on an artificially constructed time series of IBEX 35 daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.
Given 30 days horizon, the value of IBEX 35 on the next trading day is expected to be 9258.15

IBEX 35 Prediction Pattern

IBEX 35 Forecasted Value

Market Value
9,355
December 9, 2019
9,258
Expected Value
9,262
Upside

Model Predictive Factors

AICAkaike Information Criteria113.4783
BiasArithmetic mean of the errors -17.5969
MADMean absolute deviation118.5649
MAPEMean absolute percentage error0.0129
SAESum of the absolute errors6283.9375
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. IBEX 35 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Volatility Measures

IBEX 35 Risk Indicators

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