Dmc Global Stock Forecast - Simple Regression

BOOM Stock  USD 19.49  0.56  2.96%   
The Simple Regression forecasted value of Dmc Global on the next trading day is expected to be 18.24 with a mean absolute deviation of  0.59  and the sum of the absolute errors of 36.65. Dmc Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Dmc Global stock prices and determine the direction of Dmc Global's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Dmc Global's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Dmc Global's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Dmc Global's systematic risk associated with finding meaningful patterns of Dmc Global fundamentals over time.
Check out Historical Fundamental Analysis of Dmc Global to cross-verify your projections.
To learn how to invest in Dmc Stock, please use our How to Invest in Dmc Global guide.
  
At this time, Dmc Global's Inventory Turnover is very stable compared to the past year. As of the 29th of March 2024, Fixed Asset Turnover is likely to grow to 5.49, while Payables Turnover is likely to drop 10.31. . As of the 29th of March 2024, Net Income Applicable To Common Shares is likely to grow to about 13.2 M, while Common Stock Shares Outstanding is likely to drop about 14.6 M.

Open Interest Against 2024-04-19 Dmc Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Dmc Global'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 Dmc Global's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Dmc Global 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 Dmc Global's open interest, investors have to compare it to Dmc Global'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 Dmc Global 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 Dmc. 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 Dmc Global 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 Dmc Global's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Dmc Global's price structures and extracts relationships that further increase the generated results' accuracy.
Simple Regression model is a single variable regression model that attempts to put a straight line through Dmc Global price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Dmc Global Simple Regression Price Forecast For the 30th of March

Given 90 days horizon, the Simple Regression forecasted value of Dmc Global on the next trading day is expected to be 18.24 with a mean absolute deviation of 0.59, mean absolute percentage error of 0.49, and the sum of the absolute errors of 36.65.
Please note that although there have been many attempts to predict Dmc 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 Dmc Global's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Dmc Global Stock Forecast Pattern

Backtest Dmc GlobalDmc Global Price PredictionBuy or Sell Advice 

Dmc Global Forecasted Value

In the context of forecasting Dmc Global'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. Dmc Global's downside and upside margins for the forecasting period are 15.44 and 21.04, respectively. We have considered Dmc Global'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
19.49
18.24
Expected Value
21.04
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Dmc Global stock data series using in forecasting. Note that when a statistical model is used to represent Dmc Global 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 Criteria119.2402
BiasArithmetic mean of the errors None
MADMean absolute deviation0.5912
MAPEMean absolute percentage error0.0335
SAESum of the absolute errors36.654
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Dmc Global historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Dmc Global

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dmc Global. 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 Dmc Global'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
16.7019.5022.30
Details
Intrinsic
Valuation
LowRealHigh
17.5422.5125.31
Details
Bollinger
Band Projection (param)
LowMiddleHigh
15.9817.7619.54
Details
3 Analysts
Consensus
LowTargetHigh
31.8535.0038.85
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dmc Global. Your research has to be compared to or analyzed against Dmc Global's peers to derive any actionable benefits. When done correctly, Dmc Global'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 Dmc Global.

Other Forecasting Options for Dmc Global

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

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

Dmc Global 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 Dmc Global'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 Dmc Global's current price.

Dmc Global Market Strength Events

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

Dmc Global Risk Indicators

The analysis of Dmc Global'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 Dmc Global's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dmc 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 Dmc Global

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 Dmc Global 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 Dmc Global will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dmc Stock

  0.65NR Newpark Resources Financial Report 7th of May 2024 PairCorr
The ability to find closely correlated positions to Dmc Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dmc Global 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 Dmc Global - 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 Dmc Global to buy it.
The correlation of Dmc Global 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 Dmc Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dmc Global 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 Dmc Global 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 Dmc Global is a strong investment it is important to analyze Dmc Global'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 Dmc Global's future performance. For an informed investment choice regarding Dmc Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Dmc Global to cross-verify your projections.
To learn how to invest in Dmc Stock, please use our How to Invest in Dmc Global guide.
You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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When running Dmc Global's price analysis, check to measure Dmc Global'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 Dmc Global is operating at the current time. Most of Dmc Global's value examination focuses on studying past and present price action to predict the probability of Dmc Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dmc Global's price. Additionally, you may evaluate how the addition of Dmc Global to your portfolios can decrease your overall portfolio volatility.
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Is Dmc Global'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 Dmc Global. If investors know Dmc 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 Dmc Global 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
(0.98)
Earnings Share
1.08
Revenue Per Share
36.873
Quarterly Revenue Growth
(0.01)
Return On Assets
0.0472
The market value of Dmc Global is measured differently than its book value, which is the value of Dmc that is recorded on the company's balance sheet. Investors also form their own opinion of Dmc Global's value that differs from its market value or its book value, called intrinsic value, which is Dmc Global'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 Dmc Global's market value can be influenced by many factors that don't directly affect Dmc Global'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 Dmc Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dmc Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dmc Global'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.