Data IO Stock Forecast - 20 Period Moving Average
| DAIO Stock | USD 2.97 0.05 1.66% |
The 20 Period Moving Average forecasted value of Data IO on the next trading day is expected to be 3.02 with a mean absolute deviation of 0.21 and the sum of the absolute errors of 8.74. Data Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Data IO stock prices and determine the direction of Data IO's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Data IO's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Data IO's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Data IO's systematic risk associated with finding meaningful patterns of Data IO fundamentals over time.
Check out Historical Fundamental Analysis of Data IO to cross-verify your projections. Data |
Open Interest Against 2024-06-21 Data Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Data IO'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 Data IO's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Data IO 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 Data IO's open interest, investors have to compare it to Data IO'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 Data IO 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 Data. 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 Data IO 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 Data IO's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Data IO's price structures and extracts relationships that further increase the generated results' accuracy.
A commonly used 20-period moving average forecast model for Data IO is based on a synthetically constructed Data IOdaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. Data IO 20 Period Moving Average Price Forecast For the 22nd of May
Given 90 days horizon, the 20 Period Moving Average forecasted value of Data IO on the next trading day is expected to be 3.02 with a mean absolute deviation of 0.21, mean absolute percentage error of 0.08, and the sum of the absolute errors of 8.74.Please note that although there have been many attempts to predict Data 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 Data IO's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Data IO Stock Forecast Pattern
| Backtest Data IO | Data IO Price Prediction | Buy or Sell Advice |
Data IO Forecasted Value
In the context of forecasting Data IO'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. Data IO's downside and upside margins for the forecasting period are 0.08 and 5.95, respectively. We have considered Data IO'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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Data IO stock data series using in forecasting. Note that when a statistical model is used to represent Data IO 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 | 78.8339 |
| Bias | Arithmetic mean of the errors | 0.1387 |
| MAD | Mean absolute deviation | 0.2131 |
| MAPE | Mean absolute percentage error | 0.0686 |
| SAE | Sum of the absolute errors | 8.7354 |
Predictive Modules for Data IO
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Data IO. 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 Data IO'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.
Other Forecasting Options for Data IO
For every potential investor in Data, whether a beginner or expert, Data IO's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Data Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Data. Basic forecasting techniques help filter out the noise by identifying Data IO's price trends.Data IO 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 Data IO stock to make a market-neutral strategy. Peer analysis of Data IO could also be used in its relative valuation, which is a method of valuing Data IO by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Data IO 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 Data IO'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 Data IO's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Data IO Market Strength Events
Market strength indicators help investors to evaluate how Data IO stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Data IO shares will generate the highest return on investment. By undertsting and applying Data IO stock market strength indicators, traders can identify Data IO entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 2.97 | |||
| Day Typical Price | 2.97 | |||
| Price Action Indicator | (0.03) | |||
| Period Momentum Indicator | (0.05) |
Data IO Risk Indicators
The analysis of Data IO'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 Data IO's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting data 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 | 2.04 | |||
| Standard Deviation | 2.89 | |||
| Variance | 8.34 |
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.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Data IO to cross-verify your projections. To learn how to invest in Data Stock, please use our How to Invest in Data IO guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Data Stock analysis
When running Data IO's price analysis, check to measure Data IO'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 Data IO is operating at the current time. Most of Data IO's value examination focuses on studying past and present price action to predict the probability of Data IO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Data IO's price. Additionally, you may evaluate how the addition of Data IO to your portfolios can decrease your overall portfolio volatility.
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Is Data IO'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 Data IO. If investors know Data 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 Data IO 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 (0.83) | Earnings Share (0.05) | Revenue Per Share 2.995 | Quarterly Revenue Growth (0.16) | Return On Assets (0.01) |
The market value of Data IO is measured differently than its book value, which is the value of Data that is recorded on the company's balance sheet. Investors also form their own opinion of Data IO's value that differs from its market value or its book value, called intrinsic value, which is Data IO'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 Data IO's market value can be influenced by many factors that don't directly affect Data IO'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 Data IO's value and its price as these two are different measures arrived at by different means. Investors typically determine if Data IO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Data IO'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.