Dice Molecules Stock Forecast - Simple Regression

Simple Regression model is a single variable regression model that attempts to put a straight line through Dice Molecules 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.

Dice Molecules Simple Regression Price Forecast For the 19th of April

Given 90 days horizon, the Simple Regression forecasted value of Dice Molecules Holdings on the next trading day is expected to be 51.98 with a mean absolute deviation of 3.03, mean absolute percentage error of 12.87, and the sum of the absolute errors of 184.54.

Dice Molecules Stock Forecast Pattern

Backtest Dice Molecules

Dice Molecules Price Prediction

Buy or Sell Advice

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 Dice Molecules stock data series using in forecasting. Note that when a statistical model is used to represent Dice Molecules 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. 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 Dice Molecules Holdings 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 Dice Molecules

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dice Molecules Holdings. 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.

Hype Prediction Low Estimated High 47.55 47.55 47.55 Details

Intrinsic Valuation Low Real High 36.69 36.69 52.31 Details

Bollinger Band Projection (param) Low Middle High 47.55 47.55 47.55 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dice Molecules. Your research has to be compared to or analyzed against Dice Molecules' peers to derive any actionable benefits. When done correctly, Dice Molecules' 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 Dice Molecules Holdings.

View Dice Molecules Related Equities

Risk & Return

Correlation

Dice Molecules Market Strength Events

Dice Molecules Risk Indicators

Pair Trading with Dice Molecules

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

Other Consideration for investing in Dice Stock