DHT Holdings Stock Forecast - Polynomial Regression
| DHT Stock | USD 11.76 0.19 1.64% |
The Polynomial Regression forecasted value of DHT Holdings on the next trading day is expected to be 11.68 with a mean absolute deviation of 0.22 and the sum of the absolute errors of 13.23. DHT Stock Forecast is based on your current time horizon.
DHT |
Open Interest Against 2024-06-21 DHT Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast DHT Holdings' 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 DHT Holdings' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for DHT Holdings 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 DHT Holdings' open interest, investors have to compare it to DHT Holdings' 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 DHT Holdings 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 DHT. 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 DHT Holdings cannot accurately predict what will happen the next trading day because, historically, stock 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 DHT Holdings' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets DHT Holdings' price structures and extracts relationships that further increase the generated results' accuracy.
DHT Holdings polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for DHT Holdings as well as the accuracy indicators are determined from the period prices. DHT Holdings Polynomial Regression Price Forecast For the 13th of June 2024
Given 90 days horizon, the Polynomial Regression forecasted value of DHT Holdings on the next trading day is expected to be 11.68 with a mean absolute deviation of 0.22, mean absolute percentage error of 0.07, and the sum of the absolute errors of 13.23.Please note that although there have been many attempts to predict DHT Stock 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 DHT Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
DHT Holdings Stock Forecast Pattern
| Backtest DHT Holdings | DHT Holdings Price Prediction | Buy or Sell Advice |
DHT Holdings Forecasted Value
In the context of forecasting DHT Holdings' Stock 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. DHT Holdings' downside and upside margins for the forecasting period are 10.16 and 13.20, respectively. We have considered DHT Holdings' 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 DHT Holdings stock data series using in forecasting. Note that when a statistical model is used to represent DHT Holdings stock, 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 | 115.423 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2168 |
| MAPE | Mean absolute percentage error | 0.019 |
| SAE | Sum of the absolute errors | 13.2263 |
Predictive Modules for DHT Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as DHT Holdings. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock 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 DHT Holdings' 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 DHT Holdings
For every potential investor in DHT, whether a beginner or expert, DHT Holdings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. DHT Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in DHT. Basic forecasting techniques help filter out the noise by identifying DHT Holdings' price trends.DHT Holdings 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 DHT Holdings stock to make a market-neutral strategy. Peer analysis of DHT Holdings could also be used in its relative valuation, which is a method of valuing DHT Holdings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
DHT Holdings Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of DHT Holdings' 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 DHT Holdings' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
DHT Holdings Market Strength Events
Market strength indicators help investors to evaluate how DHT Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DHT Holdings shares will generate the highest return on investment. By undertsting and applying DHT Holdings stock market strength indicators, traders can identify DHT Holdings entry and exit signals to maximize returns.
| Accumulation Distribution | 30120.08 | |||
| Daily Balance Of Power | 0.6552 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 11.73 | |||
| Day Typical Price | 11.74 | |||
| Price Action Indicator | 0.13 | |||
| Period Momentum Indicator | 0.19 |
DHT Holdings Risk Indicators
The analysis of DHT Holdings' 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 DHT Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dht stock 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 | 1.18 | |||
| Semi Deviation | 1.18 | |||
| Standard Deviation | 1.54 | |||
| Variance | 2.37 | |||
| Downside Variance | 1.65 | |||
| Semi Variance | 1.38 | |||
| Expected Short fall | (1.39) |
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.
Pair Trading with DHT Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if DHT Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DHT Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with DHT Stock
| 0.9 | AM | Antero Midstream Partners | PairCorr |
| 0.71 | EE | Excelerate Energy | PairCorr |
| 0.69 | ET | Energy Transfer LP | PairCorr |
| 0.66 | TK | Teekay | PairCorr |
| 0.76 | DLNG | Dynagas LNG Partners Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to DHT Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DHT Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DHT Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DHT Holdings to buy it.
The correlation of DHT Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DHT Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DHT Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for DHT Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for DHT Stock Analysis
When running DHT Holdings' price analysis, check to measure DHT Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DHT Holdings is operating at the current time. Most of DHT Holdings' value examination focuses on studying past and present price action to predict the probability of DHT Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DHT Holdings' price. Additionally, you may evaluate how the addition of DHT Holdings to your portfolios can decrease your overall portfolio volatility.