Dixie Gold Stock Forward View - Double Exponential Smoothing
| DG Stock | CAD 0.07 0.01 16.67% |
Dixie Stock outlook is based on your current time horizon.
At this time the relative strength momentum indicator of Dixie Gold'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 |
Using Dixie Gold hype-based prediction, you can estimate the value of Dixie Gold from the perspective of Dixie Gold response to recently generated media hype and the effects of current headlines on its competitors.
The Double Exponential Smoothing forecasted value of Dixie Gold on the next trading day is expected to be 0.07 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.28. Dixie Gold after-hype prediction price | CAD 0.07 |
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.
Dixie |
Dixie Gold Additional Predictive Modules
Most predictive techniques to examine Dixie price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Dixie using various technical indicators. When you analyze Dixie 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 | ||
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| Momentum Indicators | ||
| Overlap Studies | ||
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| Volatility Indicators | ||
| Volume Indicators |
Dixie Gold Double Exponential Smoothing Price Forecast For the 8th of February
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Dixie Gold on the next trading day is expected to be 0.07 with a mean absolute deviation of 0, mean absolute percentage error of 0.00005, and the sum of the absolute errors of 0.28.Please note that although there have been many attempts to predict Dixie Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Dixie Gold's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Dixie Gold Stock Forecast Pattern
| Backtest Dixie Gold | Dixie Gold Price Prediction | Research Analysis |
Dixie Gold Forecasted Value
In the context of forecasting Dixie Gold'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. Dixie Gold's downside and upside margins for the forecasting period are 0.0007 and 11.04, respectively. We have considered Dixie Gold'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 Dixie Gold stock data series using in forecasting. Note that when a statistical model is used to represent Dixie Gold 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 | 0.0011 |
| MAD | Mean absolute deviation | 0.0048 |
| MAPE | Mean absolute percentage error | 0.0814 |
| SAE | Sum of the absolute errors | 0.2807 |
Predictive Modules for Dixie Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dixie Gold. 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.Dixie Gold After-Hype Price Density Analysis
As far as predicting the price of Dixie Gold 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 Dixie Gold 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 Dixie Gold, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Dixie Gold Estimiated After-Hype Price Volatility
In the context of predicting Dixie Gold's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Dixie Gold's historical news coverage. Dixie Gold's after-hype downside and upside margins for the prediction period are 0.00 and 11.04, respectively. We have considered Dixie Gold'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 compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Dixie Gold is out of control at this time. Analysis and calculation of next after-hype price of Dixie Gold is based on 3 months time horizon.
Dixie Gold Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Dixie Gold is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Dixie Gold 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 Dixie Gold, 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 |
1.09 | 10.97 | 0.00 | 0.00 | 3 Events / Month | 0 Events / Month | In about 3 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
0.07 | 0.07 | 0.00 |
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Dixie Gold Hype Timeline
Dixie Gold is currently traded for 0.07on TSX Venture Exchange of Canada. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Dixie is estimated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is estimated to be very small, whereas the daily expected return is currently at 1.09%. %. The volatility of related hype on Dixie Gold is about 0.0%, with the expected price after the next announcement by competition of 0.07. About 39.0% of the company shares are held by company insiders. The book value of Dixie Gold was currently reported as 0.02. The company has Price/Earnings (P/E) ratio of 112.5. Dixie Gold recorded a loss per share of 0.03. The entity last dividend was issued on the 9th of January 2020. The firm had 1:4 split on the 9th of January 2020. Given the investment horizon of 90 days the next estimated press release will be in about 3 days. Check out Historical Fundamental Analysis of Dixie Gold to cross-verify your projections.Dixie Gold Related Hype Analysis
Having access to credible news sources related to Dixie Gold's direct competition is more important than ever and may enhance your ability to predict Dixie Gold's future price movements. Getting to know how Dixie Gold'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 Dixie Gold may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| EDDY | Edison Lithium Corp | 0.00 | 5 per month | 4.27 | (0.01) | 10.00 | (11.11) | 34.09 | |
| AWE | Thunderstruck Resources | 0.00 | 1 per month | 5.25 | 0.17 | 16.67 | (11.11) | 59.89 |
Other Forecasting Options for Dixie Gold
For every potential investor in Dixie, whether a beginner or expert, Dixie Gold's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Dixie Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Dixie. Basic forecasting techniques help filter out the noise by identifying Dixie Gold's price trends.Dixie Gold 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 Dixie Gold stock to make a market-neutral strategy. Peer analysis of Dixie Gold could also be used in its relative valuation, which is a method of valuing Dixie Gold by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Dixie Gold Market Strength Events
Market strength indicators help investors to evaluate how Dixie Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Dixie Gold shares will generate the highest return on investment. By undertsting and applying Dixie Gold stock market strength indicators, traders can identify Dixie Gold entry and exit signals to maximize returns.
Dixie Gold Risk Indicators
The analysis of Dixie Gold'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 Dixie Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dixie 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 | 6.85 | |||
| Semi Deviation | 7.2 | |||
| Standard Deviation | 11.23 | |||
| Variance | 126.14 | |||
| Downside Variance | 191.98 | |||
| Semi Variance | 51.87 | |||
| Expected Short fall | (16.96) |
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 Dixie Gold
The number of cover stories for Dixie Gold depends on current market conditions and Dixie Gold's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Dixie Gold 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 Dixie Gold'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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Additional Tools for Dixie Stock Analysis
When running Dixie Gold's price analysis, check to measure Dixie Gold's 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 Dixie Gold is operating at the current time. Most of Dixie Gold's value examination focuses on studying past and present price action to predict the probability of Dixie Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dixie Gold's price. Additionally, you may evaluate how the addition of Dixie Gold to your portfolios can decrease your overall portfolio volatility.