DoubleVerify Holdings Stock Forecast - Triple Exponential Smoothing

DV Stock  USD 36.12  1.09  3.11%   
DoubleVerify Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast DoubleVerify Holdings stock prices and determine the direction of DoubleVerify Holdings'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 DoubleVerify Holdings historical fundamentals such as revenue growth or operating cash flow patterns. Although DoubleVerify Holdings naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of DoubleVerify Holdings systematic risk associated with finding meaningful patterns of DoubleVerify Holdings fundamentals over time.
Check out Historical Fundamental Analysis of DoubleVerify Holdings to cross-verify your projections. For more information on how to buy DoubleVerify Stock please use our How to Invest in DoubleVerify Holdings guide.
  
DoubleVerify Holdings PPandE Turnover is fairly stable at the moment as compared to the past year. DoubleVerify Holdings reported PPandE Turnover of 3.96 in 2022. Receivables Turnover is likely to climb to 17.29 in 2023, whereas Accounts Payable Turnover is likely to drop 25.53 in 2023. . DoubleVerify Holdings Weighted Average Shares is fairly stable at the moment as compared to the past year. DoubleVerify Holdings reported Weighted Average Shares of 163.88 Million in 2022. Weighted Average Shares Diluted is likely to climb to about 177.8 M in 2023, whereas Issuance Purchase of Equity Shares is likely to drop (2.8 M) in 2023.

Open Interest Against 2023-06-16 DoubleVerify Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast DoubleVerify Holdings' 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 DoubleVerify Holdings' options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies DoubleVerify Holdings stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current DoubleVerify Holdings' open interest, investors have to compare it to DoubleVerify Holdings' 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 DoubleVerify Holdings 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 DoubleVerify. 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 DoubleVerify Holdings 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 DoubleVerify Holdings' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets DoubleVerify Holdings' price structures and extracts relationships that further increase the generated results' accuracy.
Triple exponential smoothing for DoubleVerify Holdings - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When DoubleVerify Holdings prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any trend in DoubleVerify Holdings price movement. However, neither of these exponential smoothing models address any seasonality of DoubleVerify Holdings.

DoubleVerify Holdings Triple Exponential Smoothing Price Forecast For the 7th of June

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of DoubleVerify Holdings on the next trading day is expected to be 36.47 with a mean absolute deviation of 0.55, mean absolute percentage error of 0.49, and the sum of the absolute errors of 32.30.
Please note that although there have been many attempts to predict DoubleVerify 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 DoubleVerify Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

DoubleVerify Holdings Stock Forecast Pattern

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DoubleVerify Holdings Forecasted Value

In the context of forecasting DoubleVerify Holdings' 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. DoubleVerify Holdings' downside and upside margins for the forecasting period are 34.04 and 38.90, respectively. We have considered DoubleVerify Holdings' 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 36.12
36.47
Expected Value
38.90
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of DoubleVerify Holdings stock data series using in forecasting. Note that when a statistical model is used to represent DoubleVerify Holdings 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 CriteriaHuge
BiasArithmetic mean of the errors -0.0811
MADMean absolute deviation0.5475
MAPEMean absolute percentage error0.0189
SAESum of the absolute errors32.3016
As with simple exponential smoothing, in triple exponential smoothing models past DoubleVerify Holdings observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older DoubleVerify Holdings observations.

Predictive Modules for DoubleVerify Holdings

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as DoubleVerify Holdings. 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 DoubleVerify Holdings' 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 DoubleVerify Holdings in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
34.3636.8239.28
Details
Intrinsic
Valuation
LowRealHigh
34.7137.1739.63
Details
13 Analysts
Consensus
LowTargetHigh
30.0034.9240.00
Details
Earnings
Estimates (4)
LowProjected EPSHigh
0.040.060.07
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as DoubleVerify Holdings. Your research has to be compared to or analyzed against DoubleVerify Holdings' peers to derive any actionable benefits. When done correctly, DoubleVerify Holdings' 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 DoubleVerify Holdings.

Other Forecasting Options for DoubleVerify Holdings

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

DoubleVerify Holdings 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 DoubleVerify Holdings stock to make a market-neutral strategy. Peer analysis of DoubleVerify Holdings could also be used in its relative valuation, which is a method of valuing DoubleVerify Holdings by comparing valuation metrics with similar companies.
National Beverage CorpWeyco GroupWorld HousewareProcter GambleHims Hers HealthSteven MaddenLS StarrettAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroupSentinelOneCVS Health CorpChevron Corp
 Risk & Return  Correlation

DoubleVerify Holdings 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 DoubleVerify Holdings' 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 DoubleVerify Holdings' current price.

DoubleVerify Holdings Market Strength Events

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

DoubleVerify Holdings Risk Indicators

The analysis of DoubleVerify Holdings' 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 DoubleVerify Holdings' investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting DoubleVerify Holdings 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.
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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in DoubleVerify Holdings without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with DoubleVerify Holdings

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

Moving together with DoubleVerify Stock

+0.62AIC3 Ai Inc Buyout TrendPairCorr
+0.71DTDynatrace Holdings LLC Sell-off TrendPairCorr

Moving against DoubleVerify Stock

-0.78DPSIDecisionPoint Systems Fiscal Quarter End 30th of June 2023 PairCorr
-0.44VERBVERB TECHNOLOGY COMPANY Fiscal Quarter End 30th of June 2023 PairCorr
-0.42BLBlackline Fiscal Quarter End 30th of June 2023 PairCorr
The ability to find closely correlated positions to DoubleVerify Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DoubleVerify Holdings 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 DoubleVerify Holdings - 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 DoubleVerify Holdings to buy it.
The correlation of DoubleVerify Holdings 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 DoubleVerify Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DoubleVerify Holdings 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 DoubleVerify Holdings 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
Check out Historical Fundamental Analysis of DoubleVerify Holdings to cross-verify your projections. For more information on how to buy DoubleVerify Stock please use our How to Invest in DoubleVerify Holdings guide. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for DoubleVerify Stock analysis

When running DoubleVerify Holdings' price analysis, check to measure DoubleVerify Holdings' 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 DoubleVerify Holdings is operating at the current time. Most of DoubleVerify Holdings' value examination focuses on studying past and present price action to predict the probability of DoubleVerify Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DoubleVerify Holdings' price. Additionally, you may evaluate how the addition of DoubleVerify Holdings to your portfolios can decrease your overall portfolio volatility.
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Is DoubleVerify Holdings' 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 DoubleVerify Holdings. If investors know DoubleVerify 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 DoubleVerify Holdings 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
1.486
Earnings Share
0.3
Revenue Per Share
2.905
Quarterly Revenue Growth
0.267
Return On Assets
0.0441
The market value of DoubleVerify Holdings is measured differently than its book value, which is the value of DoubleVerify that is recorded on the company's balance sheet. Investors also form their own opinion of DoubleVerify Holdings' value that differs from its market value or its book value, called intrinsic value, which is DoubleVerify Holdings' 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 DoubleVerify Holdings' market value can be influenced by many factors that don't directly affect DoubleVerify Holdings' 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 DoubleVerify Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DoubleVerify Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DoubleVerify Holdings' 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.
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