Doman Building Stock Forecast - Double Exponential Smoothing
| DBM Stock | 10.18 0.03 0.30% |
The Double Exponential Smoothing forecasted value of Doman Building Materials on the next trading day is expected to be 10.22 with a mean absolute deviation of 0.1 and the sum of the absolute errors of 5.76. Doman Stock Forecast is based on your current time horizon. Although Doman Building's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Doman Building's systematic risk associated with finding meaningful patterns of Doman Building fundamentals over time.
As of today the relative strength index (rsi) of Doman Building's 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 |
Quarterly Earnings Growth 0.235 | EPS Estimate Next Quarter 0.1169 | EPS Estimate Current Year 0.8607 | EPS Estimate Next Year 0.847 | Wall Street Target Price 11.0714 |
Using Doman Building hype-based prediction, you can estimate the value of Doman Building Materials from the perspective of Doman Building response to recently generated media hype and the effects of current headlines on its competitors.
The Double Exponential Smoothing forecasted value of Doman Building Materials on the next trading day is expected to be 10.22 with a mean absolute deviation of 0.1 and the sum of the absolute errors of 5.76. Doman Building after-hype prediction price | CAD 10.18 |
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 stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Doman |
Doman Building Additional Predictive Modules
Most predictive techniques to examine Doman price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Doman using various technical indicators. When you analyze Doman 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 | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Doman Building Double Exponential Smoothing Price Forecast For the 24th of January
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Doman Building Materials on the next trading day is expected to be 10.22 with a mean absolute deviation of 0.1, mean absolute percentage error of 0.02, and the sum of the absolute errors of 5.76.Please note that although there have been many attempts to predict Doman 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 Doman Building's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Doman Building Stock Forecast Pattern
| Backtest Doman Building | Doman Building Price Prediction | Buy or Sell Advice |
Doman Building Forecasted Value
In the context of forecasting Doman Building'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. Doman Building's downside and upside margins for the forecasting period are 8.94 and 11.50, respectively. We have considered Doman Building'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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Doman Building stock data series using in forecasting. Note that when a statistical model is used to represent Doman Building 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 | Huge |
| Bias | Arithmetic mean of the errors | 0.0164 |
| MAD | Mean absolute deviation | 0.0961 |
| MAPE | Mean absolute percentage error | 0.0104 |
| SAE | Sum of the absolute errors | 5.7642 |
Predictive Modules for Doman Building
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Doman Building Materials. 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.Doman Building After-Hype Price Prediction Density Analysis
As far as predicting the price of Doman Building at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Doman Building or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Doman Building, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Doman Building Estimiated After-Hype Price Volatility
In the context of predicting Doman Building's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Doman Building's historical news coverage. Doman Building's after-hype downside and upside margins for the prediction period are 8.90 and 11.46, respectively. We have considered Doman Building's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Doman Building is not too volatile at this time. Analysis and calculation of next after-hype price of Doman Building Materials is based on 3 months time horizon.
Doman Building Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Doman Building is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Doman Building backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Doman Building, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.33 | 1.28 | 0.00 | 0.07 | 7 Events / Month | 2 Events / Month | In about 7 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
10.18 | 10.18 | 0.00 |
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Doman Building Hype Timeline
Doman Building Materials is currently traded for 10.18on Toronto Exchange of Canada. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.07. Doman is expected not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is expected to be very small, whereas the daily expected return is currently at 0.33%. %. The volatility of related hype on Doman Building is about 636.82%, with the expected price after the next announcement by competition of 10.25. About 20.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.34. Some equities with similar Price to Book (P/B) outperform the market in the long run. Doman Building Materials last dividend was issued on the 31st of December 2025. The entity had 1:2 split on the 16th of May 2014. Assuming the 90 days trading horizon the next expected press release will be in about 7 days. Check out Historical Fundamental Analysis of Doman Building to cross-verify your projections.Doman Building Related Hype Analysis
Having access to credible news sources related to Doman Building's direct competition is more important than ever and may enhance your ability to predict Doman Building's future price movements. Getting to know how Doman Building's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Doman Building may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| ORE | Orezone Gold Corp | 0.04 | 3 per month | 2.64 | 0.17 | 6.43 | (4.68) | 16.86 | |
| TBL | Taiga Building Products | 0.01 | 1 per month | 1.97 | (0.03) | 3.93 | (2.94) | 9.84 | |
| RML | Rusoro Mining | 0.02 | 5 per month | 2.62 | 0.01 | 10.38 | (4.35) | 24.46 | |
| SGML | Sigma Lithium Resources | 2.09 | 7 per month | 6.56 | 0.13 | 12.92 | (12.62) | 51.69 | |
| SCZ | Santacruz Silv | (0.40) | 3 per month | 4.82 | 0.20 | 10.46 | (7.64) | 30.16 | |
| ATX | ATEX Resources | 0.36 | 5 per month | 2.18 | 0.16 | 5.31 | (4.83) | 22.94 | |
| THX | Thor Explorations | 0.02 | 6 per month | 3.32 | 0.09 | 5.07 | (6.03) | 13.52 | |
| PRB | Probe Gold | (0.03) | 8 per month | 1.02 | 0.07 | 1.91 | (1.11) | 41.57 | |
| OMG | Omai Gold Mines | (0.01) | 7 per month | 3.87 | 0.13 | 6.45 | (6.56) | 17.46 | |
| NEO | Neo Performance Materials | (0.09) | 1 per month | 0.00 | (0.03) | 5.46 | (6.75) | 16.86 |
Other Forecasting Options for Doman Building
For every potential investor in Doman, whether a beginner or expert, Doman Building's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Doman Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Doman. Basic forecasting techniques help filter out the noise by identifying Doman Building's price trends.Doman Building 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 Doman Building stock to make a market-neutral strategy. Peer analysis of Doman Building could also be used in its relative valuation, which is a method of valuing Doman Building by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Doman Building Market Strength Events
Market strength indicators help investors to evaluate how Doman Building stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Doman Building shares will generate the highest return on investment. By undertsting and applying Doman Building stock market strength indicators, traders can identify Doman Building Materials entry and exit signals to maximize returns.
| Accumulation Distribution | 3384.27 | |||
| Daily Balance Of Power | 0.1765 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 10.26 | |||
| Day Typical Price | 10.23 | |||
| Price Action Indicator | (0.06) | |||
| Period Momentum Indicator | 0.03 |
Doman Building Risk Indicators
The analysis of Doman Building'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 Doman Building's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting doman 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 | 0.9576 | |||
| Semi Deviation | 0.8172 | |||
| Standard Deviation | 1.26 | |||
| Variance | 1.6 | |||
| Downside Variance | 1.29 | |||
| Semi Variance | 0.6678 | |||
| Expected Short fall | (1.16) |
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.
Story Coverage note for Doman Building
The number of cover stories for Doman Building depends on current market conditions and Doman Building's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Doman Building is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Doman Building's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Doman Building Short Properties
Doman Building's future price predictability will typically decrease when Doman Building's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Doman Building Materials often depends not only on the future outlook of the potential Doman Building's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Doman Building's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 87.2 M | |
| Cash And Short Term Investments | 13.5 M |
Other Information on Investing in Doman Stock
Doman Building financial ratios help investors to determine whether Doman 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 Doman with respect to the benefits of owning Doman Building security.