Delta Air Stock Forecast - Simple Moving Average

DAL Stock  USD 47.87  0.56  1.18%   
The Simple Moving Average forecasted value of Delta Air Lines on the next trading day is expected to be 47.87 with a mean absolute deviation of  0.68  and the sum of the absolute errors of 40.72. Delta Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Delta Air stock prices and determine the direction of Delta Air Lines's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Delta Air's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Delta Air's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Delta Air's systematic risk associated with finding meaningful patterns of Delta Air fundamentals over time.
Check out Historical Fundamental Analysis of Delta Air to cross-verify your projections.
  
At this time, Delta Air's Inventory Turnover is quite stable compared to the past year. Fixed Asset Turnover is expected to rise to 1.57 this year, although the value of Payables Turnover will most likely fall to 7.65. . Net Income Applicable To Common Shares is expected to rise to about 1.4 B this year, although the value of Common Stock Shares Outstanding will most likely fall to about 415.5 M.

Open Interest Against 2024-04-05 Delta Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Delta Air'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 Delta Air's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Delta Air 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 Delta Air's open interest, investors have to compare it to Delta Air'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 Delta Air 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 Delta. 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 Delta Air 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 Delta Air's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Delta Air's price structures and extracts relationships that further increase the generated results' accuracy.
A two period moving average forecast for Delta Air is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.

Delta Air Simple Moving Average Price Forecast For the 30th of March

Given 90 days horizon, the Simple Moving Average forecasted value of Delta Air Lines on the next trading day is expected to be 47.87 with a mean absolute deviation of 0.68, mean absolute percentage error of 0.94, and the sum of the absolute errors of 40.72.
Please note that although there have been many attempts to predict Delta 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 Delta Air's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Delta Air Stock Forecast Pattern

Backtest Delta AirDelta Air Price PredictionBuy or Sell Advice 

Delta Air Forecasted Value

In the context of forecasting Delta Air's 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. Delta Air's downside and upside margins for the forecasting period are 45.78 and 49.96, respectively. We have considered Delta Air'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.
Market Value
47.87
47.87
Expected Value
49.96
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Delta Air stock data series using in forecasting. Note that when a statistical model is used to represent Delta Air 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.
AICAkaike Information Criteria116.2112
BiasArithmetic mean of the errors -0.2163
MADMean absolute deviation0.6787
MAPEMean absolute percentage error0.0165
SAESum of the absolute errors40.72
The simple moving average model is conceptually a linear regression of the current value of Delta Air Lines price series against current and previous (unobserved) value of Delta Air. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future

Predictive Modules for Delta Air

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Delta Air Lines. 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 Delta Air'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.
Hype
Prediction
LowEstimatedHigh
45.9648.0350.10
Details
Intrinsic
Valuation
LowRealHigh
46.9248.9951.06
Details
Bollinger
Band Projection (param)
LowMiddleHigh
39.9643.6247.28
Details
21 Analysts
Consensus
LowTargetHigh
49.0953.9459.87
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Delta Air. Your research has to be compared to or analyzed against Delta Air's peers to derive any actionable benefits. When done correctly, Delta Air's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Delta Air Lines.

Other Forecasting Options for Delta Air

For every potential investor in Delta, whether a beginner or expert, Delta Air's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Delta Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Delta. Basic forecasting techniques help filter out the noise by identifying Delta Air's price trends.

Delta Air 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 Delta Air stock to make a market-neutral strategy. Peer analysis of Delta Air could also be used in its relative valuation, which is a method of valuing Delta Air by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Delta Air Lines 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 Delta Air'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 Delta Air's current price.

Delta Air Market Strength Events

Market strength indicators help investors to evaluate how Delta Air stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Delta Air shares will generate the highest return on investment. By undertsting and applying Delta Air stock market strength indicators, traders can identify Delta Air Lines entry and exit signals to maximize returns.

Delta Air Risk Indicators

The analysis of Delta Air'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 Delta Air's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting delta 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.
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 Delta Air

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 Delta Air 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 Delta Air will appreciate offsetting losses from the drop in the long position's value.

Moving together with Delta Stock

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Moving against Delta Stock

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  0.44BA Boeing Fiscal Quarter End 31st of March 2024 PairCorr
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The ability to find closely correlated positions to Delta Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Delta Air 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 Delta Air - 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 Delta Air Lines to buy it.
The correlation of Delta Air 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 Delta Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delta Air Lines 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 Delta Air 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.
Pair CorrelationCorrelation Matching
When determining whether Delta Air Lines is a strong investment it is important to analyze Delta Air's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Delta Air's future performance. For an informed investment choice regarding Delta Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Delta Air to cross-verify your projections.
Note that the Delta Air Lines information on this page should be used as a complementary analysis to other Delta Air's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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When running Delta Air's price analysis, check to measure Delta Air's 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 Delta Air is operating at the current time. Most of Delta Air's value examination focuses on studying past and present price action to predict the probability of Delta Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Delta Air's price. Additionally, you may evaluate how the addition of Delta Air to your portfolios can decrease your overall portfolio volatility.
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Is Delta Air's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Delta Air. If investors know Delta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Delta Air listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.436
Dividend Share
0.3
Earnings Share
7.17
Revenue Per Share
90.842
Quarterly Revenue Growth
0.059
The market value of Delta Air Lines is measured differently than its book value, which is the value of Delta that is recorded on the company's balance sheet. Investors also form their own opinion of Delta Air's value that differs from its market value or its book value, called intrinsic value, which is Delta Air'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 Delta Air's market value can be influenced by many factors that don't directly affect Delta Air'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 Delta Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Delta Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Delta Air'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.