DXP Enterprises Stock Forecast - 8 Period Moving Average

DXPE Stock  USD 53.91  2.18  4.21%   
The 8 Period Moving Average forecasted value of DXP Enterprises on the next trading day is expected to be 52.69 with a mean absolute deviation of  1.95  and the sum of the absolute errors of 105.28. DXP Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast DXP Enterprises stock prices and determine the direction of DXP Enterprises's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of DXP Enterprises' historical fundamentals, such as revenue growth or operating cash flow patterns. Although DXP Enterprises' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of DXP Enterprises' systematic risk associated with finding meaningful patterns of DXP Enterprises fundamentals over time.
Check out Historical Fundamental Analysis of DXP Enterprises to cross-verify your projections.
For information on how to trade DXP Stock refer to our How to Trade DXP Stock guide.
  
At present, DXP Enterprises' Fixed Asset Turnover is projected to drop based on the last few years of reporting. The current year's Receivables Turnover is expected to grow to 7.23, whereas Payables Turnover is forecasted to decline to 7.54. . The current year's Net Income Applicable To Common Shares is expected to grow to about 58 M, whereas Common Stock Shares Outstanding is forecasted to decline to about 15.2 M.

Open Interest Against 2024-04-19 DXP Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast DXP Enterprises' 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 DXP Enterprises' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for DXP Enterprises 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 DXP Enterprises' open interest, investors have to compare it to DXP Enterprises' 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 DXP Enterprises 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 DXP. 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 DXP Enterprises 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 DXP Enterprises' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets DXP Enterprises' price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for DXP Enterprises is based on an artificially constructed time series of DXP Enterprises 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.

DXP Enterprises 8 Period Moving Average Price Forecast For the 29th of March

Given 90 days horizon, the 8 Period Moving Average forecasted value of DXP Enterprises on the next trading day is expected to be 52.69 with a mean absolute deviation of 1.95, mean absolute percentage error of 9.69, and the sum of the absolute errors of 105.28.
Please note that although there have been many attempts to predict DXP 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 DXP Enterprises' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

DXP Enterprises Stock Forecast Pattern

Backtest DXP EnterprisesDXP Enterprises Price PredictionBuy or Sell Advice 

DXP Enterprises Forecasted Value

In the context of forecasting DXP Enterprises' 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. DXP Enterprises' downside and upside margins for the forecasting period are 49.52 and 55.87, respectively. We have considered DXP Enterprises' 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
53.91
52.69
Expected Value
55.87
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of DXP Enterprises stock data series using in forecasting. Note that when a statistical model is used to represent DXP Enterprises 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 Criteria107.5169
BiasArithmetic mean of the errors -1.7292
MADMean absolute deviation1.9496
MAPEMean absolute percentage error0.0449
SAESum of the absolute errors105.28
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. DXP Enterprises 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for DXP Enterprises

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as DXP Enterprises. 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 DXP Enterprises' 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
51.9955.1558.31
Details
Intrinsic
Valuation
LowRealHigh
52.9556.1159.27
Details
Bollinger
Band Projection (param)
LowMiddleHigh
50.6852.5854.49
Details
1 Analysts
Consensus
LowTargetHigh
50.0555.0061.05
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as DXP Enterprises. Your research has to be compared to or analyzed against DXP Enterprises' peers to derive any actionable benefits. When done correctly, DXP Enterprises' 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 DXP Enterprises.

Other Forecasting Options for DXP Enterprises

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

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

DXP Enterprises 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 DXP Enterprises' 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 DXP Enterprises' current price.

DXP Enterprises Market Strength Events

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

DXP Enterprises Risk Indicators

The analysis of DXP Enterprises' 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 DXP Enterprises' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dxp 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards DXP Enterprises in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, DXP Enterprises' short interest history, or implied volatility extrapolated from DXP Enterprises options trading.

Pair Trading with DXP Enterprises

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 DXP Enterprises 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 DXP Enterprises will appreciate offsetting losses from the drop in the long position's value.

Moving together with DXP Stock

  0.62WCC-PA WESCO InternationalPairCorr
  0.77FAST Fastenal Fiscal Quarter End 31st of March 2024 PairCorr
  0.78FERG Ferguson Plc Financial Report 4th of June 2024 PairCorr

Moving against DXP Stock

  0.86AZ A2Z Smart TechnologiesPairCorr
  0.58TITN Titan Machinery Financial Report 23rd of May 2024 PairCorr
  0.56BA Boeing Fiscal Quarter End 31st of March 2024 PairCorr
  0.43BE Bloom Energy Corp Financial Report 14th of May 2024 PairCorr
The ability to find closely correlated positions to DXP Enterprises could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DXP Enterprises 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 DXP Enterprises - 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 DXP Enterprises to buy it.
The correlation of DXP Enterprises 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 DXP Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DXP Enterprises 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 DXP Enterprises 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 DXP Enterprises is a strong investment it is important to analyze DXP Enterprises' 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 DXP Enterprises' future performance. For an informed investment choice regarding DXP Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of DXP Enterprises to cross-verify your projections.
For information on how to trade DXP Stock refer to our How to Trade DXP Stock guide.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

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Is DXP Enterprises' 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 DXP Enterprises. If investors know DXP 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 DXP Enterprises 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
1.535
Earnings Share
3.89
Revenue Per Share
99.502
Quarterly Revenue Growth
0.002
Return On Assets
0.0786
The market value of DXP Enterprises is measured differently than its book value, which is the value of DXP that is recorded on the company's balance sheet. Investors also form their own opinion of DXP Enterprises' value that differs from its market value or its book value, called intrinsic value, which is DXP Enterprises' 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 DXP Enterprises' market value can be influenced by many factors that don't directly affect DXP Enterprises' 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 DXP Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if DXP Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DXP Enterprises' 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.