Diebold Nixdorf Pink Sheet Forecast - Naive Prediction
| DBD Stock | USD 32.06 0.84 2.55% |
The Naive Prediction forecasted value of Diebold Nixdorf Incorporated on the next trading day is expected to be 31.24 with a mean absolute deviation of 0.62 and the sum of the absolute errors of 37.86. Diebold Pink Sheet Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Diebold Nixdorf stock prices and determine the direction of Diebold Nixdorf Incorporated's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Diebold Nixdorf's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Diebold Nixdorf to cross-verify your projections. Diebold |
Open Interest Against 2025-01-17 Diebold Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Diebold Nixdorf'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 Diebold Nixdorf's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Diebold Nixdorf stock based on available contracts left at the end of a trading day.
No Open InterestPlease note that to derive more accurate forecasting about market movement from the current Diebold Nixdorf's open interest, investors have to compare it to Diebold Nixdorf'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 Diebold Nixdorf 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 Diebold. 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 Diebold Nixdorf 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 Diebold Nixdorf's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Diebold Nixdorf's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Diebold Nixdorf is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Diebold Nixdorf Incorporated value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period. Diebold Nixdorf Naive Prediction Price Forecast For the 20th of April
Given 90 days horizon, the Naive Prediction forecasted value of Diebold Nixdorf Incorporated on the next trading day is expected to be 31.24 with a mean absolute deviation of 0.62, mean absolute percentage error of 0.54, and the sum of the absolute errors of 37.86.Please note that although there have been many attempts to predict Diebold Pink Sheet 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 Diebold Nixdorf's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Diebold Nixdorf Pink Sheet Forecast Pattern
| Backtest Diebold Nixdorf | Diebold Nixdorf Price Prediction | Buy or Sell Advice |
Diebold Nixdorf Forecasted Value
In the context of forecasting Diebold Nixdorf's Pink Sheet 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. Diebold Nixdorf's downside and upside margins for the forecasting period are 29.41 and 33.06, respectively. We have considered Diebold Nixdorf'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Diebold Nixdorf pink sheet data series using in forecasting. Note that when a statistical model is used to represent Diebold Nixdorf pink sheet, 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 | 117.4954 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.6206 |
| MAPE | Mean absolute percentage error | 0.0187 |
| SAE | Sum of the absolute errors | 37.8566 |
Predictive Modules for Diebold Nixdorf
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Diebold Nixdorf rporated. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Diebold Nixdorf'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 Diebold Nixdorf
For every potential investor in Diebold, whether a beginner or expert, Diebold Nixdorf's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Diebold Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Diebold. Basic forecasting techniques help filter out the noise by identifying Diebold Nixdorf's price trends.Diebold Nixdorf 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 Diebold Nixdorf pink sheet to make a market-neutral strategy. Peer analysis of Diebold Nixdorf could also be used in its relative valuation, which is a method of valuing Diebold Nixdorf by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Diebold Nixdorf rporated Technical and Predictive Analytics
The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Diebold Nixdorf'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 Diebold Nixdorf's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Diebold Nixdorf Market Strength Events
Market strength indicators help investors to evaluate how Diebold Nixdorf pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Diebold Nixdorf shares will generate the highest return on investment. By undertsting and applying Diebold Nixdorf pink sheet market strength indicators, traders can identify Diebold Nixdorf Incorporated entry and exit signals to maximize returns.
Diebold Nixdorf Risk Indicators
The analysis of Diebold Nixdorf'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 Diebold Nixdorf's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting diebold pink sheet 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 | 1.35 | |||
| Semi Deviation | 1.47 | |||
| Standard Deviation | 1.86 | |||
| Variance | 3.46 | |||
| Downside Variance | 2.84 | |||
| Semi Variance | 2.17 | |||
| Expected Short fall | (1.43) |
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 Diebold Nixdorf 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, Diebold Nixdorf's short interest history, or implied volatility extrapolated from Diebold Nixdorf options trading.
Pair Trading with Diebold Nixdorf
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 Diebold Nixdorf 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 Diebold Nixdorf will appreciate offsetting losses from the drop in the long position's value.Moving together with Diebold Pink Sheet
| 0.65 | DJCO | Daily Journal Corp | PairCorr |
Moving against Diebold Pink Sheet
| 0.83 | DT | Dynatrace Holdings LLC Buyout Trend | PairCorr |
| 0.71 | NOGWQ | Nogin Inc | PairCorr |
| 0.69 | DMAN | Innovativ Media Group | PairCorr |
| 0.64 | WK | Workiva Financial Report 7th of May 2024 | PairCorr |
| 0.58 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to Diebold Nixdorf could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diebold Nixdorf 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 Diebold Nixdorf - 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 Diebold Nixdorf Incorporated to buy it.
The correlation of Diebold Nixdorf 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 Diebold Nixdorf moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diebold Nixdorf rporated 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 Diebold Nixdorf 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.Check out Historical Fundamental Analysis of Diebold Nixdorf to cross-verify your projections. Note that the Diebold Nixdorf rporated information on this page should be used as a complementary analysis to other Diebold Nixdorf'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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Diebold Pink Sheet analysis
When running Diebold Nixdorf's price analysis, check to measure Diebold Nixdorf'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 Diebold Nixdorf is operating at the current time. Most of Diebold Nixdorf's value examination focuses on studying past and present price action to predict the probability of Diebold Nixdorf's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Diebold Nixdorf's price. Additionally, you may evaluate how the addition of Diebold Nixdorf to your portfolios can decrease your overall portfolio volatility.
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