Dundee Precious Stock Forecast - Simple Exponential Smoothing

DPM Stock  CAD 13.13  0.08  0.61%   
The Simple Exponential Smoothing forecasted value of Dundee Precious Metals on the next trading day is expected to be 13.13 with a mean absolute deviation of 0.17 and the sum of the absolute errors of 10.26. Dundee Stock Forecast is based on your current time horizon. Although Dundee Precious' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Dundee Precious' systematic risk associated with finding meaningful patterns of Dundee Precious fundamentals over time.
  
At this time, Dundee Precious' Receivables Turnover is very stable compared to the past year. As of the 4th of December 2024, Fixed Asset Turnover is likely to grow to 1.27, while Inventory Turnover is likely to drop 4.80. . As of the 4th of December 2024, Net Income Applicable To Common Shares is likely to grow to about 43.4 M, while Common Stock Shares Outstanding is likely to drop about 135.2 M.
Dundee Precious simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Dundee Precious Metals are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Dundee Precious Metals prices get older.

Dundee Precious Simple Exponential Smoothing Price Forecast For the 5th of December

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Dundee Precious Metals on the next trading day is expected to be 13.13 with a mean absolute deviation of 0.17, mean absolute percentage error of 0.05, and the sum of the absolute errors of 10.26.
Please note that although there have been many attempts to predict Dundee 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 Dundee Precious' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Dundee Precious Stock Forecast Pattern

Backtest Dundee PreciousDundee Precious Price PredictionBuy or Sell Advice 

Dundee Precious Forecasted Value

In the context of forecasting Dundee Precious' 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. Dundee Precious' downside and upside margins for the forecasting period are 11.50 and 14.76, respectively. We have considered Dundee Precious' 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
13.13
13.13
Expected Value
14.76
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Dundee Precious stock data series using in forecasting. Note that when a statistical model is used to represent Dundee Precious 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 Criteria113.2305
BiasArithmetic mean of the errors -0.0033
MADMean absolute deviation0.171
MAPEMean absolute percentage error0.0127
SAESum of the absolute errors10.26
This simple exponential smoothing model begins by setting Dundee Precious Metals forecast for the second period equal to the observation of the first period. In other words, recent Dundee Precious observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Dundee Precious

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dundee Precious Metals. 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
LowEstimatedHigh
11.5913.2214.85
Details
Intrinsic
Valuation
LowRealHigh
9.5911.2214.53
Details
Bollinger
Band Projection (param)
LowMiddleHigh
12.8413.0813.32
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.280.310.34
Details

Other Forecasting Options for Dundee Precious

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

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

Dundee Precious Metals 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 Dundee Precious' 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 Dundee Precious' current price.

Dundee Precious Market Strength Events

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

Dundee Precious Risk Indicators

The analysis of Dundee Precious' 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 Dundee Precious' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dundee 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 Dundee Precious

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

Moving together with Dundee Stock

  0.64AG First Majestic SilverPairCorr
  0.74ORE Orezone Gold CorpPairCorr

Moving against Dundee Stock

  0.47TSLA Tesla Inc CDRPairCorr
  0.39JPM JPMorgan ChasePairCorr
The ability to find closely correlated positions to Dundee Precious could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dundee Precious 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 Dundee Precious - 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 Dundee Precious Metals to buy it.
The correlation of Dundee Precious 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 Dundee Precious moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dundee Precious Metals 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 Dundee Precious 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

Other Information on Investing in Dundee Stock

Dundee Precious financial ratios help investors to determine whether Dundee Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Dundee with respect to the benefits of owning Dundee Precious security.