Dave Stock Forecast - Simple Moving Average

DAVE Stock

USD 6.45 0.10 1.57%

Dave Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Dave historical stock prices and determine the direction of Dave Inc's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Dave historical fundamentals such as revenue growth or operating cash flow patterns. Although Dave naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Dave Inc systematic risk associated with finding meaningful patterns of Dave fundamentals over time.

Continue to Historical Fundamental Analysis of Dave to cross-verify your projections.

Dave Inventory Turnover is projected to slightly decrease based on the last few years of reporting. The past year's Inventory Turnover was at 39.76. The current year Accounts Payable Turnover is expected to grow to 15.81, whereas PPandE Turnover is forecasted to decline to 3.00. . The current year Issuance Purchase of Equity Shares is expected to grow to about 210.5 M, whereas Weighted Average Shares is forecasted to decline to about 9.2 M.

Open Interest Agains t 2023-05-19 Dave Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Dave'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 Dave's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Dave stock based on available contracts left at the end of a trading day.

No Open Interest

Please note, to derive more accurate forecasting about market movement from the current Dave's open interest, investors have to compare it to Dave'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 Dave 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 Dave. 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 Dave 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 Dave's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Dave's price structures and extracts relationships that further increase the generated results' accuracy.

A two period moving average forecast for Dave 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.

More About Simple Moving Average All Equity Analysis

Dave Simple Moving Average Price Forecast For the 23rd of March

Given 90 days horizon, the Simple Moving Average forecasted value of Dave Inc on the next trading day is expected to be 6.45 with a mean absolute deviation of 0.32, mean absolute percentage error of 0.19, and the sum of the absolute errors of 19.29.

Please note that although there have been many attempts to predict Dave 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 Dave's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Dave Stock Forecast Pattern

Backtest Dave

Dave Price Prediction

Buy or Sell Advice

Dave Forecasted Value

In the context of forecasting Dave'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. Dave's downside and upside margins for the forecasting period are 2.07 and 10.83, respectively. We have considered Dave'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 6.45

2.07

Downside

6.45

Expected Value

Target Odds

Above Odds

Below Odds

10.83

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 Dave stock data series using in forecasting. Note that when a statistical model is used to represent Dave 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	114.5873
Bias	Arithmetic mean of the errors	0.0476
MAD	Mean absolute deviation	0.3214
MAPE	Mean absolute percentage error	0.0379
SAE	Sum of the absolute errors	19.285

The simple moving average model is conceptually a linear regression of the current value of Dave Inc price series against current and previous (unobserved) value of Dave. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting stock prices into the future

Predictive Modules for Dave

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dave Inc. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of Dave'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. Please use the tools below to analyze the current value of Dave in the context of predictive analytics.

Hype

Prediction

Low	Estimated Value	High
2.07	6.45	10.83

Details

Intrinsic

Valuation

Low	Real Value	High
2.76	7.14	11.52

Details

1 Analysts

Consensus

Low	Target Price	High
9.00	9.00	9.00

Details

Earnings

Estimates (1)

Low	Projected EPS	High
-0.06	-0.06	-0.06

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dave. Your research has to be compared to or analyzed against Dave's peers to derive any actionable benefits. When done correctly, Dave's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Dave Inc.

Other Forecasting Options for Dave

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

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

Absolute SoftwareACV AuctionsAutodeskAudioEyeAgileThoughtAGM Group HoldingsAgilysysAdvanced Human ImagingAlight IncAlkami TechnologyAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroup

Risk & Return

Correlation

Dave Inc 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 Dave'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 Dave's current price.

	Cycle Indicators
	Math Operators
	Math Transform
	Momentum Indicators
	Overlap Studies
	Pattern Recognition
	Price Transform
	Statistic Functions
	Volatility Indicators
	Volume Indicators

Dave Market Strength Events

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

	Accumulation Distribution	703.72
	Daily Balance Of Power	0.2326
	Rate Of Daily Change	1.02
	Day Median Price	6.49
	Day Typical Price	6.47
	Market Facilitation Index	0.0
	Price Action Indicator	0.015

Dave Risk Indicators

The analysis of Dave's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Dave's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Dave stock price, 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	3.08
	Standard Deviation	4.17
	Variance	17.41

Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock 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 Dave 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, Dave's short interest history, or implied volatility extrapolated from Dave options trading.

Pair Trading with Dave

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

Moving together with Dave

	+	0.79	ABST	Absolute Software		Fiscal Quarter End 31st of March 2023	Pair Corr
	+	0.62	ALKT	Alkami Technology		Fiscal Quarter End 31st of March 2023	Pair Corr

Moving against Dave

0.64

CTKYY

CooTek Cayman

Earnings Call Today

Pair Corr

The ability to find closely correlated positions to Dave could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dave 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 Dave - 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 Dave Inc to buy it.

The correlation of Dave is a statistical measure of how it moves in relation to other equities. 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 Dave moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dave Inc 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 Dave 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 Correlation Correlation Matching

Continue to Historical Fundamental Analysis of Dave to cross-verify your projections. You can also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Complementary Tools for analysis

When running Dave Inc price analysis, check to measure Dave'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 Dave is operating at the current time. Most of Dave's value examination focuses on studying past and present price action to predict the probability of Dave's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Dave's price. Additionally, you may evaluate how the addition of Dave to your portfolios can decrease your overall portfolio volatility.

	Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
	Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk
	Equity Valuation Check real value of public entities based on technical and fundamental data
	Global Correlations Find global opportunities by holding instruments from different markets
	Equity Valuation Check real value of public entities based on technical and fundamental data

Is Dave'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 Dave. If investors know Dave 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 Dave listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(10.20)

Revenue Per Share

17.677

Quarterly Revenue Growth

0.45

Return On Assets

(0.36)

Return On Equity

(1.77)

The market value of Dave Inc is measured differently than its book value, which is the value of Dave that is recorded on the company's balance sheet. Investors also form their own opinion of Dave's value that differs from its market value or its book value, called intrinsic value, which is Dave'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 Dave's market value can be influenced by many factors that don't directly affect Dave'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 Dave's value and its price as these two are different measures arrived at by different means. Investors typically determine Dave value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dave'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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	Triple Exponential Smoothing
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	8 Period Moving Average
	20 Period Moving Average

Dave Stock Forecast - Simple Moving Average

Open Interest Agains t 2023-05-19 Dave Option Contracts

Dave Simple Moving Average Price Forecast For the 23rd of March

Dave Stock Forecast Pattern

Dave Forecasted Value

Model Predictive Factors

Predictive Modules for Dave

Other Forecasting Options for Dave

Dave Related Equities

Dave Inc Technical and Predictive Analytics

Dave Market Strength Events

Dave Risk Indicators

Pair Trading with Dave

Moving together with Dave

Moving against Dave

Complementary Tools for analysis

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