Dada Nexus Stock Forecast - Simple Exponential Smoothing
| DADADelisted Stock | USD 1.96 0.01 0.51% |
The Simple Exponential Smoothing forecasted value of Dada Nexus on the next trading day is expected to be 1.96 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.18. 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.
At this time the value of rsi of Dada Nexus' share price is below 20 suggesting that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Dada Nexus hype-based prediction, you can estimate the value of Dada Nexus from the perspective of Dada Nexus response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Dada Nexus on the next trading day is expected to be 1.96 with a mean absolute deviation of 0.02 and the sum of the absolute errors of 1.18. Dada Nexus after-hype prediction price | USD 1.96 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as delisted stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Dada |
Dada Nexus Additional Predictive Modules
Most predictive techniques to examine Dada price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Dada using various technical indicators. When you analyze Dada charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
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| Overlap Studies | ||
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| Price Transform | ||
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| Volume Indicators |
Dada Nexus Simple Exponential Smoothing Price Forecast For the 22nd of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Dada Nexus on the next trading day is expected to be 1.96 with a mean absolute deviation of 0.02, mean absolute percentage error of 0.0007, and the sum of the absolute errors of 1.18.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
| Backtest Dada Nexus | Dada Nexus Price Prediction | Buy or Sell Advice |
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 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 | 109.0061 |
| Bias | Arithmetic mean of the errors | -0.0021 |
| MAD | Mean absolute deviation | 0.0196 |
| MAPE | Mean absolute percentage error | 0.0099 |
| SAE | Sum of the absolute errors | 1.1755 |
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.
Dada Nexus 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 Dada Nexus stock to make a market-neutral strategy. Peer analysis of Dada Nexus could also be used in its relative valuation, which is a method of valuing Dada Nexus by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
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 | 0.9577 | |||
| Semi Deviation | 1.32 | |||
| Standard Deviation | 1.31 | |||
| Variance | 1.72 | |||
| Downside Variance | 2.96 | |||
| Semi Variance | 1.74 | |||
| Expected Short fall | (1.11) |
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.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Other Consideration for investing in Dada Stock
If you are still planning to invest in Dada Nexus check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Dada Nexus' history and understand the potential risks before investing.
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