Dillards Stock Forecast - Simple Regression
| DDS Stock | USD 446.15 12.13 2.79% |
The Simple Regression forecasted value of Dillards on the next trading day is expected to be 419.01 with a mean absolute deviation of 11.88 and the sum of the absolute errors of 724.55. Dillards Stock Forecast is based on your current time horizon.
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Dillards Simple Regression Price Forecast For the 25th of November
Given 90 days horizon, the Simple Regression forecasted value of Dillards on the next trading day is expected to be 419.01 with a mean absolute deviation of 11.88, mean absolute percentage error of 211.37, and the sum of the absolute errors of 724.55.Please note that although there have been many attempts to predict Dillards 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 Dillards' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Dillards Stock Forecast Pattern
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Dillards Forecasted Value
In the context of forecasting Dillards' 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. Dillards' downside and upside margins for the forecasting period are 416.61 and 421.42, respectively. We have considered Dillards' 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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of Dillards stock data series using in forecasting. Note that when a statistical model is used to represent Dillards 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 | 123.4641 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 11.8779 |
| MAPE | Mean absolute percentage error | 0.0308 |
| SAE | Sum of the absolute errors | 724.5523 |
Predictive Modules for Dillards
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dillards. 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 Dillards' 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 Dillards
For every potential investor in Dillards, whether a beginner or expert, Dillards' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Dillards Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Dillards. Basic forecasting techniques help filter out the noise by identifying Dillards' price trends.Dillards 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 Dillards stock to make a market-neutral strategy. Peer analysis of Dillards could also be used in its relative valuation, which is a method of valuing Dillards by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Dillards 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 Dillards' 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 Dillards' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Dillards Market Strength Events
Market strength indicators help investors to evaluate how Dillards stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Dillards shares will generate the highest return on investment. By undertsting and applying Dillards stock market strength indicators, traders can identify Dillards entry and exit signals to maximize returns.
Dillards Risk Indicators
The analysis of Dillards' 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 Dillards' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dillards 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 | 1.76 | |||
| Semi Deviation | 1.43 | |||
| Standard Deviation | 2.43 | |||
| Variance | 5.91 | |||
| Downside Variance | 2.78 | |||
| Semi Variance | 2.04 | |||
| Expected Short fall | (2.16) |
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.
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Additional Tools for Dillards Stock Analysis
When running Dillards' price analysis, check to measure Dillards' 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 Dillards is operating at the current time. Most of Dillards' value examination focuses on studying past and present price action to predict the probability of Dillards' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dillards' price. Additionally, you may evaluate how the addition of Dillards to your portfolios can decrease your overall portfolio volatility.