Daqo New Stock Forecast - Naive Prediction
| DQ Stock | USD 23.01 0.72 3.23% |
The Naive Prediction forecasted value of Daqo New Energy on the next trading day is expected to be 23.65 with a mean absolute deviation of 0.87 and the sum of the absolute errors of 54.00. Daqo Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Daqo New stock prices and determine the direction of Daqo New Energy's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Daqo New's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Daqo New's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Daqo New's systematic risk associated with finding meaningful patterns of Daqo New fundamentals over time.
Check out Historical Fundamental Analysis of Daqo New to cross-verify your projections. Daqo |
Open Interest Against 2024-05-17 Daqo Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Daqo New'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 Daqo New's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Daqo New 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 Daqo New's open interest, investors have to compare it to Daqo New'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 Daqo New 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 Daqo. 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 Daqo New 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 Daqo New's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Daqo New's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Daqo New is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Daqo New Energy 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. Daqo New Naive Prediction Price Forecast For the 25th of April
Given 90 days horizon, the Naive Prediction forecasted value of Daqo New Energy on the next trading day is expected to be 23.65 with a mean absolute deviation of 0.87, mean absolute percentage error of 1.37, and the sum of the absolute errors of 54.00.Please note that although there have been many attempts to predict Daqo 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 Daqo New's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Daqo New Stock Forecast Pattern
| Backtest Daqo New | Daqo New Price Prediction | Buy or Sell Advice |
Daqo New Forecasted Value
In the context of forecasting Daqo New'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. Daqo New's downside and upside margins for the forecasting period are 20.11 and 27.20, respectively. We have considered Daqo New'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 Daqo New stock data series using in forecasting. Note that when a statistical model is used to represent Daqo New 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 | 120.2637 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.871 |
| MAPE | Mean absolute percentage error | 0.0374 |
| SAE | Sum of the absolute errors | 54.0024 |
Predictive Modules for Daqo New
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Daqo New Energy. 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 Daqo New'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 Daqo New
For every potential investor in Daqo, whether a beginner or expert, Daqo New's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Daqo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Daqo. Basic forecasting techniques help filter out the noise by identifying Daqo New's price trends.Daqo New 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 Daqo New stock to make a market-neutral strategy. Peer analysis of Daqo New could also be used in its relative valuation, which is a method of valuing Daqo New by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Daqo New Energy 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 Daqo New'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 Daqo New's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Daqo New Market Strength Events
Market strength indicators help investors to evaluate how Daqo New stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Daqo New shares will generate the highest return on investment. By undertsting and applying Daqo New stock market strength indicators, traders can identify Daqo New Energy entry and exit signals to maximize returns.
| Accumulation Distribution | 26706.84 | |||
| Daily Balance Of Power | 0.6154 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 22.6 | |||
| Day Typical Price | 22.73 | |||
| Price Action Indicator | 0.78 | |||
| Period Momentum Indicator | 0.72 |
Daqo New Risk Indicators
The analysis of Daqo New'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 Daqo New's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting daqo 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 | 2.78 | |||
| Semi Deviation | 3.3 | |||
| Standard Deviation | 3.59 | |||
| Variance | 12.89 | |||
| Downside Variance | 11.74 | |||
| Semi Variance | 10.89 | |||
| Expected Short fall | (2.92) |
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 Daqo New
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 Daqo New 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 Daqo New will appreciate offsetting losses from the drop in the long position's value.Moving together with Daqo Stock
| 0.75 | HPQ | HP Inc Sell-off Trend | PairCorr |
| 0.62 | IBM | International Business Earnings Call Today | PairCorr |
Moving against Daqo Stock
| 0.63 | BA | Boeing Earnings Call Today | PairCorr |
| 0.48 | TLK | Telkom Indonesia Tbk Financial Report 26th of April 2024 | PairCorr |
| 0.48 | MCD | McDonalds Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Daqo New could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daqo New 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 Daqo New - 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 Daqo New Energy to buy it.
The correlation of Daqo New 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 Daqo New moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daqo New Energy 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 Daqo New 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 Daqo New to cross-verify your projections. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Daqo Stock analysis
When running Daqo New's price analysis, check to measure Daqo New'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 Daqo New is operating at the current time. Most of Daqo New's value examination focuses on studying past and present price action to predict the probability of Daqo New's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daqo New's price. Additionally, you may evaluate how the addition of Daqo New to your portfolios can decrease your overall portfolio volatility.
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Is Daqo New'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 Daqo New. If investors know Daqo 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 Daqo New 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 (0.85) | Earnings Share 5.62 | Revenue Per Share 30.897 | Quarterly Revenue Growth (0.45) | Return On Assets 0.0651 |
The market value of Daqo New Energy is measured differently than its book value, which is the value of Daqo that is recorded on the company's balance sheet. Investors also form their own opinion of Daqo New's value that differs from its market value or its book value, called intrinsic value, which is Daqo New'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 Daqo New's market value can be influenced by many factors that don't directly affect Daqo New'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 Daqo New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Daqo New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Daqo New'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.