Damon Common Stock Forecast - Naive Prediction
| DMNDelisted Stock | 0 0.0001 9.09% |
The Naive Prediction forecasted value of Damon Common Stock on the next trading day is expected to be 0.0005 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.67. Damon Stock Forecast is based on your current time horizon.
As of today the value of rsi of Damon Common's share price is below 20 suggesting that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 17
Sell Peaked
Oversold | Overbought |
Using Damon Common hype-based prediction, you can estimate the value of Damon Common Stock from the perspective of Damon Common response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Damon Common Stock on the next trading day is expected to be 0.0005 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.67. Damon Common after-hype prediction price | USD 0.0015 |
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.
Damon |
Damon Common Additional Predictive Modules
Most predictive techniques to examine Damon price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Damon using various technical indicators. When you analyze Damon 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 |
Damon Common Naive Prediction Price Forecast For the 24th of January
Given 90 days horizon, the Naive Prediction forecasted value of Damon Common Stock on the next trading day is expected to be 0.0005 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0003, and the sum of the absolute errors of 0.67.Please note that although there have been many attempts to predict Damon 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 Damon Common's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Damon Common Stock Forecast Pattern
| Backtest Damon Common | Damon Common Price Prediction | Buy or Sell Advice |
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Damon Common stock data series using in forecasting. Note that when a statistical model is used to represent Damon Common 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 | 109.8795 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0109 |
| MAPE | Mean absolute percentage error | 0.8584 |
| SAE | Sum of the absolute errors | 0.6677 |
Predictive Modules for Damon Common
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Damon Common Stock. 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.Damon Common After-Hype Price Prediction Density Analysis
As far as predicting the price of Damon Common 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 Damon Common 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 Damon Common, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Damon Common Estimiated After-Hype Price Volatility
In the context of predicting Damon Common's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Damon Common's historical news coverage. Damon Common's after-hype downside and upside margins for the prediction period are 0.00 and 0.00, respectively. We have considered Damon Common'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
Damon Common is very steady at this time. Analysis and calculation of next after-hype price of Damon Common Stock is based on 3 months time horizon.
Damon Common Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Damon Common is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Damon Common 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 Damon Common, 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 |
0.00 | 0.00 | 0.00 | 0.00 | 6 Events / Month | 1 Events / Month | In about 6 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
0 | 0 | 25.00 |
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Damon Common Hype Timeline
On the 23rd of January Damon Common Stock is traded for 0. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Damon is expected to increase in value after the next headline, with the price projected to jump to 0.0015 or above. The average volatility of media hype impact on the company the price is insignificant. The price boost on the next news is projected to be 25.0%, whereas the daily expected return is currently at 0.0%. The volatility of related hype on Damon Common is about 0.0%, with the expected price after the next announcement by competition of 0.00. Damon Common Stock has 7.12 M in debt. Note however, debt could still be an excellent tool for Damon to invest in growth at high rates of return. Considering the 90-day investment horizon the next expected press release will be in about 6 days. Check 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.Damon Common Related Hype Analysis
Having access to credible news sources related to Damon Common's direct competition is more important than ever and may enhance your ability to predict Damon Common's future price movements. Getting to know how Damon Common'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 Damon Common may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| SBLX | StableX Technologies | (0.08) | 1 per month | 0.00 | (0.11) | 10.26 | (13.00) | 32.50 | |
| DLA | Delta Apparel | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FUVV | Arcimoto | 0.00 | 0 per month | 0.00 | 0.16 | 100.00 | 0.00 | 990.00 | |
| HYZN | Hyzon Motors | (0.08) | 1 per month | 0.00 | (0.20) | 9.58 | (10.53) | 44.94 | |
| JOAN | Joann Inc | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| ORBS | Eightco Holdings | (0.06) | 11 per month | 0.00 | (0.38) | 8.88 | (11.86) | 27.56 | |
| EGOX | NexteGO NV Ordinary | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| POL | Polished | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| JXJT | JX Luxventure Limited | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| PIK | Kidpik Corp | 0.02 | 4 per month | 0.00 | (0.18) | 27.75 | (33.33) | 120.55 |
Damon Common 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 Damon Common stock to make a market-neutral strategy. Peer analysis of Damon Common could also be used in its relative valuation, which is a method of valuing Damon Common by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Damon Common Market Strength Events
Market strength indicators help investors to evaluate how Damon Common stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Damon Common shares will generate the highest return on investment. By undertsting and applying Damon Common stock market strength indicators, traders can identify Damon Common Stock entry and exit signals to maximize returns.
Damon Common Risk Indicators
The analysis of Damon Common'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 Damon Common's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting damon 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 | 16.07 | |||
| Standard Deviation | 24.99 | |||
| Variance | 624.48 |
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 Damon Common
The number of cover stories for Damon Common depends on current market conditions and Damon Common's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Damon Common 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 Damon Common'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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Damon Common Short Properties
Damon Common's future price predictability will typically decrease when Damon Common's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Damon Common Stock often depends not only on the future outlook of the potential Damon Common'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. Damon Common's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 20.7 M | |
| Cash And Short Term Investments | 6.2 M |
Check 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Consideration for investing in Damon Stock
If you are still planning to invest in Damon Common Stock 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 Damon Common's history and understand the potential risks before investing.
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