Daily Journal Stock Forecast - Polynomial Regression
| DJCO Stock | USD 414.68 8.20 2.02% |
The Polynomial Regression forecasted value of Daily Journal Corp on the next trading day is expected to be 360.21 with a mean absolute deviation of 12.53 and the sum of the absolute errors of 776.65. Daily Stock Forecast is based on your current time horizon. Although Daily Journal's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Daily Journal's systematic risk associated with finding meaningful patterns of Daily Journal fundamentals over time.
Daily |
Daily Journal Polynomial Regression Price Forecast For the 8th of February
Given 90 days horizon, the Polynomial Regression forecasted value of Daily Journal Corp on the next trading day is expected to be 360.21 with a mean absolute deviation of 12.53, mean absolute percentage error of 263.13, and the sum of the absolute errors of 776.65.Please note that although there have been many attempts to predict Daily 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 Daily Journal's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Daily Journal Stock Forecast Pattern
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Daily Journal Forecasted Value
In the context of forecasting Daily Journal'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. Daily Journal's downside and upside margins for the forecasting period are 357.83 and 362.59, respectively. We have considered Daily Journal'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 Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Daily Journal stock data series using in forecasting. Note that when a statistical model is used to represent Daily Journal 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 | 125.521 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 12.5267 |
| MAPE | Mean absolute percentage error | 0.0246 |
| SAE | Sum of the absolute errors | 776.6532 |
Predictive Modules for Daily Journal
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Daily Journal Corp. 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 Daily Journal'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.
Other Forecasting Options for Daily Journal
For every potential investor in Daily, whether a beginner or expert, Daily Journal's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Daily Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Daily. Basic forecasting techniques help filter out the noise by identifying Daily Journal's price trends.View Daily Journal Related Equities
| Risk & Return | Correlation |
Daily Journal Corp 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 Daily Journal'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 Daily Journal's current price.| Cycle Indicators | ||
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Daily Journal Market Strength Events
Market strength indicators help investors to evaluate how Daily Journal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Daily Journal shares will generate the highest return on investment. By undertsting and applying Daily Journal stock market strength indicators, traders can identify Daily Journal Corp entry and exit signals to maximize returns.
Daily Journal Risk Indicators
The analysis of Daily Journal'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 Daily Journal's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting daily 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 | 2.13 | |||
| Standard Deviation | 3.04 | |||
| Variance | 9.25 |
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.
When determining whether Daily Journal Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Daily Journal's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Daily Journal Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Daily Journal Corp Stock: Check out Historical Fundamental Analysis of Daily Journal to cross-verify your projections. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Publishing space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Daily Journal. If investors know Daily will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Daily Journal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 33.498 | Earnings Share 56.74 | Revenue Per Share | Quarterly Revenue Growth (0.01) | Return On Assets |
The market value of Daily Journal Corp is measured differently than its book value, which is the value of Daily that is recorded on the company's balance sheet. Investors also form their own opinion of Daily Journal's value that differs from its market value or its book value, called intrinsic value, which is Daily Journal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Daily Journal's market value can be influenced by many factors that don't directly affect Daily Journal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Daily Journal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Daily Journal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Daily Journal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.