Digital Ally Stock Forward View - Simple Exponential Smoothing
| DGLYDelisted Stock | USD 2.13 0.02 0.95% |
Digital Stock outlook is based on your current time horizon.
At this time, the value of RSI of Digital Ally's share price is approaching 40 suggesting that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Digital Ally, making its price go up or down. Momentum 40
Sell Extended
Oversold | Overbought |
Using Digital Ally hype-based prediction, you can estimate the value of Digital Ally from the perspective of Digital Ally response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Digital Ally on the next trading day is expected to be 2.13 with a mean absolute deviation of 0.20 and the sum of the absolute errors of 11.92. Digital Ally after-hype prediction price | USD 2.26 |
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.
Digital |
Digital Ally Additional Predictive Modules
Most predictive techniques to examine Digital price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Digital using various technical indicators. When you analyze Digital 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 |
Digital Ally Simple Exponential Smoothing Price Forecast For the 1st of February
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Digital Ally on the next trading day is expected to be 2.13 with a mean absolute deviation of 0.20, mean absolute percentage error of 0.08, and the sum of the absolute errors of 11.92.Please note that although there have been many attempts to predict Digital 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 Digital Ally's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Digital Ally Stock Forecast Pattern
| Backtest Digital Ally | Digital Ally Price Prediction | Buy or Sell Advice |
Digital Ally Forecasted Value
In the context of forecasting Digital Ally'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. Digital Ally's downside and upside margins for the forecasting period are 0.02 and 10.88, respectively. We have considered Digital Ally'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 Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Digital Ally stock data series using in forecasting. Note that when a statistical model is used to represent Digital Ally 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 | 113.7135 |
| Bias | Arithmetic mean of the errors | 0.053 |
| MAD | Mean absolute deviation | 0.1987 |
| MAPE | Mean absolute percentage error | 0.0652 |
| SAE | Sum of the absolute errors | 11.92 |
Predictive Modules for Digital Ally
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Digital Ally. 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.Digital Ally After-Hype Price Density Analysis
As far as predicting the price of Digital Ally 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 Digital Ally 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 Digital Ally, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Digital Ally Estimiated After-Hype Price Volatility
In the context of predicting Digital Ally's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Digital Ally's historical news coverage. Digital Ally's after-hype downside and upside margins for the prediction period are 0.11 and 11.01, respectively. We have considered Digital Ally'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
Digital Ally is extremely dangerous at this time. Analysis and calculation of next after-hype price of Digital Ally is based on 3 months time horizon.
Digital Ally Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Digital Ally is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Digital Ally 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 Delisted 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 Digital Ally, 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 | 8.75 | 0.13 | 0.22 | 10 Events / Month | 6 Events / Month | In about 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
2.13 | 2.26 | 6.10 |
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Digital Ally Hype Timeline
Digital Ally is currently traded for 2.13. The entity has historical hype elasticity of 0.13, and average elasticity to hype of competition of -0.22. Digital is expected to increase in value after the next headline, with the price projected to jump to 2.26 or above. The average volatility of media hype impact on the company the price is over 100%. The price jump on the next news is projected to be 6.1%, whereas the daily expected return is currently at -1.09%. The volatility of related hype on Digital Ally is about 4247.57%, with the expected price after the next announcement by competition of 1.91. The company has Profit Margin (PM) of (0.6) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.73) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.73. Given the investment horizon of 90 days the next expected press release will be in about 10 days. Check out Historical Fundamental Analysis of Digital Ally to cross-verify your projections.Digital Ally Related Hype Analysis
Having access to credible news sources related to Digital Ally's direct competition is more important than ever and may enhance your ability to predict Digital Ally's future price movements. Getting to know how Digital Ally'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 Digital Ally may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| IVDA | Iveda Solutions | 0.02 | 15 per month | 0.00 | (0.03) | 16.67 | (12.64) | 50.60 | |
| SBLX | StableX Technologies | 0.02 | 18 per month | 0.00 | (0.09) | 10.26 | (13.00) | 32.50 | |
| ICON | Icon Energy Corp | (0.65) | 8 per month | 0.00 | (0.26) | 14.00 | (14.29) | 44.34 | |
| RAYA | Erayak Power Solution | 0.03 | 18 per month | 0.00 | (0.17) | 13.75 | (14.07) | 54.24 | |
| LICN | Lichen China Limited | 0.12 | 6 per month | 0.00 | (0.06) | 5.61 | (5.44) | 57.58 | |
| SGLY | Singularity Future Technology | 0.01 | 9 per month | 0.00 | (0.03) | 15.56 | (10.45) | 37.12 | |
| BLMZ | BloomZ Ordinary Shares | 0.02 | 1 per month | 0.00 | (0.12) | 27.27 | (38.33) | 192.47 | |
| CIGL | Concorde International Group | (1.32) | 17 per month | 0.00 | (0.04) | 12.30 | (9.78) | 43.18 | |
| BAER | Bridger Aerospace Group | (0.13) | 8 per month | 2.58 | 0.19 | 10.84 | (5.29) | 19.74 | |
| PMAX | Powell Max Limited | (0.18) | 6 per month | 7.07 | 0.03 | 12.97 | (13.19) | 48.86 |
Other Forecasting Options for Digital Ally
For every potential investor in Digital, whether a beginner or expert, Digital Ally's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Digital Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Digital. Basic forecasting techniques help filter out the noise by identifying Digital Ally's price trends.Digital Ally 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 Digital Ally stock to make a market-neutral strategy. Peer analysis of Digital Ally could also be used in its relative valuation, which is a method of valuing Digital Ally by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Digital Ally Market Strength Events
Market strength indicators help investors to evaluate how Digital Ally stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Digital Ally shares will generate the highest return on investment. By undertsting and applying Digital Ally stock market strength indicators, traders can identify Digital Ally entry and exit signals to maximize returns.
Digital Ally Risk Indicators
The analysis of Digital Ally'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 Digital Ally's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting digital 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 | 5.72 | |||
| Standard Deviation | 8.34 | |||
| Variance | 69.58 |
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 Digital Ally
The number of cover stories for Digital Ally depends on current market conditions and Digital Ally's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Digital Ally 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 Digital Ally'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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Digital Ally Short Properties
Digital Ally's future price predictability will typically decrease when Digital Ally's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Digital Ally often depends not only on the future outlook of the potential Digital Ally'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. Digital Ally's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 3.6 M | |
| Cash And Short Term Investments | 454.3 K |
Check out Historical Fundamental Analysis of Digital Ally to cross-verify your projections. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Other Consideration for investing in Digital Stock
If you are still planning to invest in Digital Ally 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 Digital Ally's history and understand the potential risks before investing.
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