Desktop Metal Stock Forecast - Polynomial Regression
| DMDelisted Stock | USD 4.96 0.06 1.22% |
The Polynomial Regression forecasted value of Desktop Metal on the next trading day is expected to be 5.43 with a mean absolute deviation of 0.35 and the sum of the absolute errors of 21.13. Desktop Stock Forecast is based on your current time horizon.
The value of RSI of Desktop Metal's share price is above 70 as of now 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 Desktop, making its price go up or down. Momentum 75
Buy Stretched
Oversold | Overbought |
Using Desktop Metal hype-based prediction, you can estimate the value of Desktop Metal from the perspective of Desktop Metal response to recently generated media hype and the effects of current headlines on its competitors.
The Polynomial Regression forecasted value of Desktop Metal on the next trading day is expected to be 5.43 with a mean absolute deviation of 0.35 and the sum of the absolute errors of 21.13. Desktop Metal after-hype prediction price | USD 4.96 |
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.
Desktop |
Desktop Metal Additional Predictive Modules
Most predictive techniques to examine Desktop price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Desktop using various technical indicators. When you analyze Desktop 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 |
Desktop Metal Polynomial Regression Price Forecast For the 20th of January
Given 90 days horizon, the Polynomial Regression forecasted value of Desktop Metal on the next trading day is expected to be 5.43 with a mean absolute deviation of 0.35, mean absolute percentage error of 0.18, and the sum of the absolute errors of 21.13.Please note that although there have been many attempts to predict Desktop 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 Desktop Metal's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Desktop Metal Stock Forecast Pattern
| Backtest Desktop Metal | Desktop Metal Price Prediction | Buy or Sell Advice |
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 Desktop Metal stock data series using in forecasting. Note that when a statistical model is used to represent Desktop Metal 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 | 116.3887 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3464 |
| MAPE | Mean absolute percentage error | 0.1349 |
| SAE | Sum of the absolute errors | 21.1289 |
Predictive Modules for Desktop Metal
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Desktop Metal. 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.Desktop Metal 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 Desktop Metal stock to make a market-neutral strategy. Peer analysis of Desktop Metal could also be used in its relative valuation, which is a method of valuing Desktop Metal by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Desktop Metal Market Strength Events
Market strength indicators help investors to evaluate how Desktop Metal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Desktop Metal shares will generate the highest return on investment. By undertsting and applying Desktop Metal stock market strength indicators, traders can identify Desktop Metal entry and exit signals to maximize returns.
Desktop Metal Risk Indicators
The analysis of Desktop Metal'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 Desktop Metal's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting desktop 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 | 6.31 | |||
| Semi Deviation | 4.53 | |||
| Standard Deviation | 13.69 | |||
| Variance | 187.43 | |||
| Downside Variance | 28.78 | |||
| Semi Variance | 20.49 | |||
| Expected Short fall | (8.39) |
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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Prophet is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ProphetCheck out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Other Consideration for investing in Desktop Stock
If you are still planning to invest in Desktop Metal 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 Desktop Metal's history and understand the potential risks before investing.
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges |