DRI Healthcare Stock Forecast - 4 Period Moving Average

DHT-UN Stock  CAD 8.65  0.42  4.63%   
The 4 Period Moving Average forecasted value of DRI Healthcare Trust on the next trading day is expected to be 8.86 with a mean absolute deviation of 0.34 and the sum of the absolute errors of 19.46. DRI Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast DRI Healthcare stock prices and determine the direction of DRI Healthcare Trust's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of DRI Healthcare's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
As of November 27, 2024, Payables Turnover is expected to decline to 8.34. In addition to that, Receivables Turnover is expected to decline to 1.83. As of November 27, 2024, Common Stock Shares Outstanding is expected to decline to about 43.2 M. In addition to that, Net Income Applicable To Common Shares is expected to decline to about 12.2 M.
A four-period moving average forecast model for DRI Healthcare Trust is based on an artificially constructed daily price series in which the value for a given day is replaced by the mean of that value and the values for four preceding and succeeding time periods. This model is best suited to forecast equities with high volatility.

DRI Healthcare 4 Period Moving Average Price Forecast For the 28th of November

Given 90 days horizon, the 4 Period Moving Average forecasted value of DRI Healthcare Trust on the next trading day is expected to be 8.86 with a mean absolute deviation of 0.34, mean absolute percentage error of 0.40, and the sum of the absolute errors of 19.46.
Please note that although there have been many attempts to predict DRI 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 DRI Healthcare's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

DRI Healthcare Stock Forecast Pattern

Backtest DRI HealthcareDRI Healthcare Price PredictionBuy or Sell Advice 

DRI Healthcare Forecasted Value

In the context of forecasting DRI Healthcare'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. DRI Healthcare's downside and upside margins for the forecasting period are 2.24 and 15.48, respectively. We have considered DRI Healthcare'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.
Market Value
8.65
8.86
Expected Value
15.48
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of DRI Healthcare stock data series using in forecasting. Note that when a statistical model is used to represent DRI Healthcare 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.
AICAkaike Information Criteria109.8542
BiasArithmetic mean of the errors -0.0111
MADMean absolute deviation0.3414
MAPEMean absolute percentage error0.0332
SAESum of the absolute errors19.4575
The four period moving average method has an advantage over other forecasting models in that it does smooth out peaks and troughs in a set of daily price observations of DRI Healthcare. However, it also has several disadvantages. In particular this model does not produce an actual prediction equation for DRI Healthcare Trust and therefore, it cannot be a useful forecasting tool for medium or long range price predictions

Predictive Modules for DRI Healthcare

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as DRI Healthcare Trust. 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 DRI Healthcare's 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.
Hype
Prediction
LowEstimatedHigh
0.000.006.62
Details
Intrinsic
Valuation
LowRealHigh
0.000.006.62
Details
Bollinger
Band Projection (param)
LowMiddleHigh
7.679.6711.66
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.610.700.78
Details

Other Forecasting Options for DRI Healthcare

For every potential investor in DRI, whether a beginner or expert, DRI Healthcare's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. DRI Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in DRI. Basic forecasting techniques help filter out the noise by identifying DRI Healthcare's price trends.

DRI Healthcare 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 DRI Healthcare stock to make a market-neutral strategy. Peer analysis of DRI Healthcare could also be used in its relative valuation, which is a method of valuing DRI Healthcare by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

DRI Healthcare Trust 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 DRI Healthcare's 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 DRI Healthcare's current price.

DRI Healthcare Market Strength Events

Market strength indicators help investors to evaluate how DRI Healthcare stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DRI Healthcare shares will generate the highest return on investment. By undertsting and applying DRI Healthcare stock market strength indicators, traders can identify DRI Healthcare Trust entry and exit signals to maximize returns.

DRI Healthcare Risk Indicators

The analysis of DRI Healthcare'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 DRI Healthcare's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dri 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.
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.

Pair Trading with DRI Healthcare

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if DRI Healthcare position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DRI Healthcare will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to DRI Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DRI Healthcare when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DRI Healthcare - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DRI Healthcare Trust to buy it.
The correlation of DRI Healthcare is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DRI Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DRI Healthcare Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for DRI Healthcare can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in DRI Stock

DRI Healthcare financial ratios help investors to determine whether DRI 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 DRI with respect to the benefits of owning DRI Healthcare security.