Digi Communications Stock Forward View - Simple Moving Average
| DIGI Stock | 151.00 1.00 0.67% |
Digi Stock outlook is based on your current time horizon.
The value of RSI of Digi Communications' share price is above 70 as of today suggesting that the stock is becoming overbought or overvalued. The idea behind Relative Strength Index (RSI) is that it helps to track how fast people are buying or selling Digi, making its price go up or down. Momentum 71
Buy Stretched
Oversold | Overbought |
Using Digi Communications hype-based prediction, you can estimate the value of Digi Communications NV from the perspective of Digi Communications response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Moving Average forecasted value of Digi Communications NV on the next trading day is expected to be 151.00 with a mean absolute deviation of 1.98 and the sum of the absolute errors of 118.70. Digi Communications after-hype prediction price | RON 151.0 |
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.
Digi |
Digi Communications Additional Predictive Modules
Most predictive techniques to examine Digi price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Digi using various technical indicators. When you analyze Digi 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 |
Digi Communications Simple Moving Average Price Forecast For the 20th of February
Given 90 days horizon, the Simple Moving Average forecasted value of Digi Communications NV on the next trading day is expected to be 151.00 with a mean absolute deviation of 1.98, mean absolute percentage error of 8.03, and the sum of the absolute errors of 118.70.Please note that although there have been many attempts to predict Digi 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 Digi Communications' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Digi Communications Stock Forecast Pattern
Digi Communications Forecasted Value
In the context of forecasting Digi Communications' 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. Digi Communications' downside and upside margins for the forecasting period are 149.13 and 152.87, respectively. We have considered Digi Communications' 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 Moving Average forecasting method's relative quality and the estimations of the prediction error of Digi Communications stock data series using in forecasting. Note that when a statistical model is used to represent Digi Communications 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 | 118.3563 |
| Bias | Arithmetic mean of the errors | -1.27 |
| MAD | Mean absolute deviation | 1.9783 |
| MAPE | Mean absolute percentage error | 0.0162 |
| SAE | Sum of the absolute errors | 118.7 |
Predictive Modules for Digi Communications
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Digi Communications. 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.Digi Communications Estimiated After-Hype Price Volatility
As far as predicting the price of Digi Communications 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 Digi Communications 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 Digi Communications, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Digi Communications Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Digi Communications is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Digi Communications 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 Digi Communications, 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 |
0.86 | 1.87 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | In a few days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
151.00 | 151.00 | 0.00 |
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Digi Communications Hype Timeline
Digi Communications is currently traded for 151.00on Bucharest Stock Exchange of Romania. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Digi 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 0.86%. %. The volatility of related hype on Digi Communications is about 0.0%, with the expected price after the next announcement by competition of 151.00. The company had not issued any dividends in recent years. Assuming the 90 days trading horizon the next estimated press release will be in a few days. Check out fundamental analysis of Digi Communications to check your projections.Digi Communications Related Hype Analysis
Having access to credible news sources related to Digi Communications' direct competition is more important than ever and may enhance your ability to predict Digi Communications' future price movements. Getting to know how Digi Communications' 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 Digi Communications may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| IPRU | Iproeb SA | 0.00 | 0 per month | 1.15 | (0.02) | 3.01 | (2.19) | 8.41 | |
| TUFE | Turism Felix B | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| TVBETETF | Fondul Deschis De | 0.00 | 0 per month | 0.72 | 0.29 | 1.98 | (1.74) | 5.28 | |
| NRF | Norofert SA | 0.00 | 0 per month | 0.00 | (0.11) | 4.08 | (4.01) | 11.13 |
Other Forecasting Options for Digi Communications
For every potential investor in Digi, whether a beginner or expert, Digi Communications' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Digi Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Digi. Basic forecasting techniques help filter out the noise by identifying Digi Communications' price trends.Digi Communications 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 Digi Communications stock to make a market-neutral strategy. Peer analysis of Digi Communications could also be used in its relative valuation, which is a method of valuing Digi Communications by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Digi Communications Market Strength Events
Market strength indicators help investors to evaluate how Digi Communications stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Digi Communications shares will generate the highest return on investment. By undertsting and applying Digi Communications stock market strength indicators, traders can identify Digi Communications NV entry and exit signals to maximize returns.
Digi Communications Risk Indicators
The analysis of Digi Communications' 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 Digi Communications' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting digi 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 | 1.31 | |||
| Semi Deviation | 0.8417 | |||
| Standard Deviation | 1.85 | |||
| Variance | 3.43 | |||
| Downside Variance | 2.51 | |||
| Semi Variance | 0.7084 | |||
| Expected Short fall | (1.63) |
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 Digi Communications
The number of cover stories for Digi Communications depends on current market conditions and Digi Communications' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Digi Communications 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 Digi Communications' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Other Information on Investing in Digi Stock
Digi Communications financial ratios help investors to determine whether Digi 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 Digi with respect to the benefits of owning Digi Communications security.