Danaher Stock Forecast - Simple Regression

DHR Stock  USD 249.72  0.95  0.38%   
The Simple Regression forecasted value of Danaher on the next trading day is expected to be 258.81 with a mean absolute deviation of  4.61  and the sum of the absolute errors of 286.10. Danaher Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Danaher stock prices and determine the direction of Danaher's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Danaher's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Danaher's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Danaher's systematic risk associated with finding meaningful patterns of Danaher fundamentals over time.
Check out Historical Fundamental Analysis of Danaher to cross-verify your projections.
To learn how to invest in Danaher Stock, please use our How to Invest in Danaher guide.
  
At this time, Danaher's Inventory Turnover is relatively stable compared to the past year. As of 03/29/2024, Payables Turnover is likely to grow to 7.70, while Asset Turnover is likely to drop 0.27. . As of 03/29/2024, Net Income Applicable To Common Shares is likely to grow to about 8.6 B, while Common Stock Shares Outstanding is likely to drop slightly above 669.1 M.

Open Interest Against 2024-04-05 Danaher Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Danaher'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 Danaher's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Danaher 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 Danaher's open interest, investors have to compare it to Danaher'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 Danaher 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 Danaher. 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 Danaher 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 Danaher's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Danaher'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 Danaher 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.

Danaher Simple Regression Price Forecast For the 30th of March

Given 90 days horizon, the Simple Regression forecasted value of Danaher on the next trading day is expected to be 258.81 with a mean absolute deviation of 4.61, mean absolute percentage error of 28.26, and the sum of the absolute errors of 286.10.
Please note that although there have been many attempts to predict Danaher 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 Danaher's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Danaher Stock Forecast Pattern

Backtest DanaherDanaher Price PredictionBuy or Sell Advice 

Danaher Forecasted Value

In the context of forecasting Danaher'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. Danaher's downside and upside margins for the forecasting period are 257.52 and 260.11, respectively. We have considered Danaher'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
249.72
257.52
Downside
258.81
Expected Value
260.11
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 Danaher stock data series using in forecasting. Note that when a statistical model is used to represent Danaher 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 Criteria123.2897
BiasArithmetic mean of the errors None
MADMean absolute deviation4.6145
MAPEMean absolute percentage error0.019
SAESum of the absolute errors286.1014
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 Danaher 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 Danaher

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Danaher. 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 Danaher'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
248.26249.55250.84
Details
Intrinsic
Valuation
LowRealHigh
225.76227.05274.69
Details
Bollinger
Band Projection (param)
LowMiddleHigh
247.82252.54257.25
Details
26 Analysts
Consensus
LowTargetHigh
224.62246.83273.98
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Danaher. Your research has to be compared to or analyzed against Danaher's peers to derive any actionable benefits. When done correctly, Danaher'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 Danaher.

Other Forecasting Options for Danaher

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

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

Danaher 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 Danaher'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 Danaher's current price.

Danaher Market Strength Events

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

Danaher Risk Indicators

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

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

Moving together with Danaher Stock

  0.9BSX Boston Scientific Corp Financial Report 24th of April 2024 PairCorr

Moving against Danaher Stock

  0.89PHG Koninklijke Philips Financial Report 22nd of April 2024 PairCorr
  0.77PIIIW P3 Health PartnersPairCorr
  0.7MCRB Seres Therapeutics Financial Report 14th of May 2024 PairCorr
  0.65TFX Teleflex Incorporated Financial Report 2nd of May 2024 PairCorr
  0.6MASS 908 Devices Financial Report 14th of May 2024 PairCorr
The ability to find closely correlated positions to Danaher could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danaher 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 Danaher - 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 Danaher to buy it.
The correlation of Danaher 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 Danaher moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danaher 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 Danaher 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 Danaher is a strong investment it is important to analyze Danaher'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 Danaher's future performance. For an informed investment choice regarding Danaher Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Danaher to cross-verify your projections.
To learn how to invest in Danaher Stock, please use our How to Invest in Danaher guide.
Note that the Danaher information on this page should be used as a complementary analysis to other Danaher'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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

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When running Danaher's price analysis, check to measure Danaher'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 Danaher is operating at the current time. Most of Danaher's value examination focuses on studying past and present price action to predict the probability of Danaher's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Danaher's price. Additionally, you may evaluate how the addition of Danaher to your portfolios can decrease your overall portfolio volatility.
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Is Danaher'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 Danaher. If investors know Danaher 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 Danaher 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
(0.51)
Dividend Share
1.05
Earnings Share
5.65
Revenue Per Share
32.437
Quarterly Revenue Growth
(0.23)
The market value of Danaher is measured differently than its book value, which is the value of Danaher that is recorded on the company's balance sheet. Investors also form their own opinion of Danaher's value that differs from its market value or its book value, called intrinsic value, which is Danaher'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 Danaher's market value can be influenced by many factors that don't directly affect Danaher'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 Danaher's value and its price as these two are different measures arrived at by different means. Investors typically determine if Danaher is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Danaher'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.