Difference between revisions of "Forecast"

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(Created page with "=== Where === Main Menu / Execution / Forecast / Forecast - 25 Year alt=|left|thumb|On-Off Menu Location = What = TradeRank plots ter...")
 
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= What =
 
= What =
TradeRank plots term market prices against forecasts and prior year cash settles. Market prices are end-of-day ICE settles, the forecasts are from Ansergy’s forecast model, and historical spot prices are the average, maximum, and minimum from the last ten years.
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Ansergy's forecast is based on a production-cost model where several different inputs estimate the demand for a given traded area.  This report offers a graphical interface as well as a table view of the forecasted data.
 
[[File:Execution-TradeRank-OnOff-Chart.jpg|alt=|left|thumb|On-Off Chart detail]]
 
[[File:Execution-TradeRank-OnOff-Chart.jpg|alt=|left|thumb|On-Off Chart detail]]
  
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== TradeRank Derivative Types ==
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== Table Filters ==
  
* Outrights (HL or LL)
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=== Views ===
* Spreads (one hub vs another hub, same period)
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* Rolls (one period vs an adjacent period, same hub)
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==== Hub ====
* On Off (HL - LL, same hub, same period)
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* This view places hubs across columns, allowing the user to compare items by hub
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==== Item ====
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* Items are placed across columns while hubs are entered in the row field
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==== Period ====
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* Use this view to see how items are forecasted to change by period (Hourly, Daily, Weekly, Monthly, or Quarterly).  All hubs are shown by default; use the Filter Columns button to narrow your hub selection
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==== Hour Type ====
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* Compare On Peak (HL), Off Peak (LL), and Flat (FL) hours by hub, item, and period
  
 
== MRI - Market Richness Index ==
 
== MRI - Market Richness Index ==

Revision as of 12:58, 11 May 2021

Where

Main Menu / Execution / Forecast / Forecast - 25 Year

On-Off Menu Location





What

Ansergy's forecast is based on a production-cost model where several different inputs estimate the demand for a given traded area. This report offers a graphical interface as well as a table view of the forecasted data.

On-Off Chart detail





Table Filters

Views

Hub

  • This view places hubs across columns, allowing the user to compare items by hub

Item

  • Items are placed across columns while hubs are entered in the row field

Period

  • Use this view to see how items are forecasted to change by period (Hourly, Daily, Weekly, Monthly, or Quarterly). All hubs are shown by default; use the Filter Columns button to narrow your hub selection

Hour Type

  • Compare On Peak (HL), Off Peak (LL), and Flat (FL) hours by hub, item, and period

MRI - Market Richness Index

MRI is a computed value based upon multiple factors involving the relationship between the market and forecasts, the market against itself, and the market against historical spot settles. For a more detail explanation click here.

How Trade Rank is Used

TradeRank can act as a second opinion on a derivative either for hedging our speculating. MRI has been backcasted and proven to call direction correctly over 60% of the time. The metric is especially useful in comparing one derivative against another. For example, when comparing a buy for June or one in May, you can run rolls and see how each period has performed, relative to the forecast and to past market prices, thereby adding further insight into the relative value of each.

Related Reports

  • Forecasts
    • 25 Year
    • 5 Minute
    • Scenarios - 1 Year
  • TradeRank
    • Outrights
    • Spreads
    • Rolls
    • OnOff
    • Expired Periods
    • TradeRank Alerts
  • Term Market Change
  • Market vs Spot
  • Heat Rate & Basis
  • Stack Charts
    • Stack Detail
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