Dada Nexus Stock Forecast - 4 Period Moving Average
| DADA Stock | USD 1.37 0.02 1.48% |
The 4 Period Moving Average forecasted value of Dada Nexus on the next trading day is expected to be 1.36 with a mean absolute deviation of 0.13 and the sum of the absolute errors of 7.28. Dada Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Dada Nexus stock prices and determine the direction of Dada Nexus's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Dada Nexus' historical fundamentals, such as revenue growth or operating cash flow patterns.
Dada |
Dada Nexus 4 Period Moving Average Price Forecast For the 27th of November
Given 90 days horizon, the 4 Period Moving Average forecasted value of Dada Nexus on the next trading day is expected to be 1.36 with a mean absolute deviation of 0.13, mean absolute percentage error of 0.03, and the sum of the absolute errors of 7.28.Please note that although there have been many attempts to predict Dada 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 Dada Nexus' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Dada Nexus Stock Forecast Pattern
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Dada Nexus Forecasted Value
In the context of forecasting Dada Nexus' 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. Dada Nexus' downside and upside margins for the forecasting period are 0.01 and 8.33, respectively. We have considered Dada Nexus' 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 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Dada Nexus stock data series using in forecasting. Note that when a statistical model is used to represent Dada Nexus 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 | 107.2767 |
| Bias | Arithmetic mean of the errors | -0.0115 |
| MAD | Mean absolute deviation | 0.1278 |
| MAPE | Mean absolute percentage error | 0.0751 |
| SAE | Sum of the absolute errors | 7.2825 |
Predictive Modules for Dada Nexus
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dada Nexus. 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 Dada Nexus' 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 Dada Nexus
For every potential investor in Dada, whether a beginner or expert, Dada Nexus' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Dada Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Dada. Basic forecasting techniques help filter out the noise by identifying Dada Nexus' price trends.View Dada Nexus Related Equities
| Risk & Return | Correlation |
Dada Nexus 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 Dada Nexus' 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 Dada Nexus' current price.| Cycle Indicators | ||
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Dada Nexus Market Strength Events
Market strength indicators help investors to evaluate how Dada Nexus stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Dada Nexus shares will generate the highest return on investment. By undertsting and applying Dada Nexus stock market strength indicators, traders can identify Dada Nexus entry and exit signals to maximize returns.
Dada Nexus Risk Indicators
The analysis of Dada Nexus' 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 Dada Nexus' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dada 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 | 5.06 | |||
| Semi Deviation | 5.41 | |||
| Standard Deviation | 6.87 | |||
| Variance | 47.24 | |||
| Downside Variance | 36.47 | |||
| Semi Variance | 29.29 | |||
| Expected Short fall | (6.64) |
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.
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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 Dada Nexus offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dada Nexus' 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 Dada Nexus Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Dada Nexus Stock:Check out Historical Fundamental Analysis of Dada Nexus to cross-verify your projections. For information on how to trade Dada Stock refer to our How to Trade Dada Stock guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Consumer Staples Distribution & Retail space 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 Dada Nexus. If investors know Dada 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 Dada Nexus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.11) | Revenue Per Share 38.775 | Quarterly Revenue Growth (0.16) | Return On Assets (0.10) | Return On Equity (0.35) |
The market value of Dada Nexus is measured differently than its book value, which is the value of Dada that is recorded on the company's balance sheet. Investors also form their own opinion of Dada Nexus' value that differs from its market value or its book value, called intrinsic value, which is Dada Nexus' 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 Dada Nexus' market value can be influenced by many factors that don't directly affect Dada Nexus' 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 Dada Nexus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dada Nexus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dada Nexus' 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.