Dentsply Sirona Stock Forecast - Polynomial Regression

XRAY Stock  USD 33.19  0.12  0.36%   
The Polynomial Regression forecasted value of Dentsply Sirona on the next trading day is expected to be 33.44 with a mean absolute deviation of  0.45  and the sum of the absolute errors of 28.17. Dentsply Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Dentsply Sirona stock prices and determine the direction of Dentsply Sirona's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Dentsply Sirona's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Dentsply Sirona's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Dentsply Sirona's systematic risk associated with finding meaningful patterns of Dentsply Sirona fundamentals over time.
Check out Historical Fundamental Analysis of Dentsply Sirona to cross-verify your projections.
For more information on how to buy Dentsply Stock please use our How to Invest in Dentsply Sirona guide.
  
At this time, Dentsply Sirona's Payables Turnover is fairly stable compared to the past year. Fixed Asset Turnover is likely to rise to 5.54 in 2024, whereas Inventory Turnover is likely to drop 2.46 in 2024. . Common Stock Shares Outstanding is likely to drop to about 159.6 M in 2024. Net Loss is likely to rise to about (812.2 M) in 2024.

Open Interest Against 2024-04-19 Dentsply Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Dentsply Sirona'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 Dentsply Sirona's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Dentsply Sirona 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 Dentsply Sirona's open interest, investors have to compare it to Dentsply Sirona'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 Dentsply Sirona 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 Dentsply. 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 Dentsply Sirona 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 Dentsply Sirona's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Dentsply Sirona's price structures and extracts relationships that further increase the generated results' accuracy.
Dentsply Sirona polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Dentsply Sirona as well as the accuracy indicators are determined from the period prices.

Dentsply Sirona Polynomial Regression Price Forecast For the 30th of March

Given 90 days horizon, the Polynomial Regression forecasted value of Dentsply Sirona on the next trading day is expected to be 33.44 with a mean absolute deviation of 0.45, mean absolute percentage error of 0.35, and the sum of the absolute errors of 28.17.
Please note that although there have been many attempts to predict Dentsply 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 Dentsply Sirona's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Dentsply Sirona Stock Forecast Pattern

Backtest Dentsply SironaDentsply Sirona Price PredictionBuy or Sell Advice 

Dentsply Sirona Forecasted Value

In the context of forecasting Dentsply Sirona'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. Dentsply Sirona's downside and upside margins for the forecasting period are 31.87 and 35.02, respectively. We have considered Dentsply Sirona'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
33.19
33.44
Expected Value
35.02
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Dentsply Sirona stock data series using in forecasting. Note that when a statistical model is used to represent Dentsply Sirona 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 Criteria118.9034
BiasArithmetic mean of the errors None
MADMean absolute deviation0.4543
MAPEMean absolute percentage error0.0133
SAESum of the absolute errors28.1658
A single variable polynomial regression model attempts to put a curve through the Dentsply Sirona historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm

Predictive Modules for Dentsply Sirona

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dentsply Sirona. 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 Dentsply Sirona'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
31.6333.1934.75
Details
Intrinsic
Valuation
LowRealHigh
32.4133.9735.53
Details
Bollinger
Band Projection (param)
LowMiddleHigh
32.3533.1333.90
Details
15 Analysts
Consensus
LowTargetHigh
38.7742.6047.29
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dentsply Sirona. Your research has to be compared to or analyzed against Dentsply Sirona's peers to derive any actionable benefits. When done correctly, Dentsply Sirona'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 Dentsply Sirona.

Other Forecasting Options for Dentsply Sirona

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

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

Dentsply Sirona 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 Dentsply Sirona'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 Dentsply Sirona's current price.

Dentsply Sirona Market Strength Events

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

Dentsply Sirona Risk Indicators

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

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Dentsply Sirona offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dentsply Sirona's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Dentsply Sirona Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Dentsply Sirona Stock:
Check out Historical Fundamental Analysis of Dentsply Sirona to cross-verify your projections.
For more information on how to buy Dentsply Stock please use our How to Invest in Dentsply Sirona guide.
Note that the Dentsply Sirona information on this page should be used as a complementary analysis to other Dentsply Sirona'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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for Dentsply Stock analysis

When running Dentsply Sirona's price analysis, check to measure Dentsply Sirona'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 Dentsply Sirona is operating at the current time. Most of Dentsply Sirona's value examination focuses on studying past and present price action to predict the probability of Dentsply Sirona's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dentsply Sirona's price. Additionally, you may evaluate how the addition of Dentsply Sirona to your portfolios can decrease your overall portfolio volatility.
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Is Dentsply Sirona'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 Dentsply Sirona. If investors know Dentsply 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 Dentsply Sirona 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
0.178
Dividend Share
0.56
Earnings Share
(0.62)
Revenue Per Share
18.703
Quarterly Revenue Growth
0.03
The market value of Dentsply Sirona is measured differently than its book value, which is the value of Dentsply that is recorded on the company's balance sheet. Investors also form their own opinion of Dentsply Sirona's value that differs from its market value or its book value, called intrinsic value, which is Dentsply Sirona'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 Dentsply Sirona's market value can be influenced by many factors that don't directly affect Dentsply Sirona'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 Dentsply Sirona's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dentsply Sirona is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dentsply Sirona'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.