Dometic Group Stock Forecast - Polynomial Regression
| DOM Stock | SEK 49.86 0.24 0.48% |
Dometic Stock outlook is based on your current time horizon.
At this time, The value of RSI of Dometic Group's share price is at 55 suggesting that the stock is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Dometic Group, making its price go up or down. Momentum 55
Impartial
Oversold | Overbought |
Using Dometic Group hype-based prediction, you can estimate the value of Dometic Group AB from the perspective of Dometic Group response to recently generated media hype and the effects of current headlines on its competitors.
The Polynomial Regression forecasted value of Dometic Group AB on the next trading day is expected to be 48.36 with a mean absolute deviation of 0.82 and the sum of the absolute errors of 49.95. Dometic Group after-hype prediction price | SEK 49.86 |
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.
Dometic |
Dometic Group Additional Predictive Modules
Most predictive techniques to examine Dometic price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Dometic using various technical indicators. When you analyze Dometic 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 |
Dometic Group Polynomial Regression Price Forecast For the 27th of January
Given 90 days horizon, the Polynomial Regression forecasted value of Dometic Group AB on the next trading day is expected to be 48.36 with a mean absolute deviation of 0.82, mean absolute percentage error of 1.15, and the sum of the absolute errors of 49.95.Please note that although there have been many attempts to predict Dometic 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 Dometic Group's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Dometic Group Stock Forecast Pattern
| Backtest Dometic Group | Dometic Group Price Prediction | Buy or Sell Advice |
Dometic Group Forecasted Value
In the context of forecasting Dometic Group'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. Dometic Group's downside and upside margins for the forecasting period are 46.14 and 50.58, respectively. We have considered Dometic Group'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 Dometic Group stock data series using in forecasting. Note that when a statistical model is used to represent Dometic Group 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 | 118.249 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.8188 |
| MAPE | Mean absolute percentage error | 0.0183 |
| SAE | Sum of the absolute errors | 49.9487 |
Predictive Modules for Dometic Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dometic Group AB. 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.Dometic Group After-Hype Price Density Analysis
As far as predicting the price of Dometic Group 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 Dometic Group 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 Dometic Group, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Dometic Group Estimiated After-Hype Price Volatility
In the context of predicting Dometic Group's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Dometic Group's historical news coverage. Dometic Group's after-hype downside and upside margins for the prediction period are 47.65 and 52.07, respectively. We have considered Dometic Group'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
Dometic Group is very steady at this time. Analysis and calculation of next after-hype price of Dometic Group AB is based on 3 months time horizon.
Dometic Group Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Dometic Group is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Dometic Group 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 Dometic Group, 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 |
0.10 | 2.22 | 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 | |
49.86 | 49.86 | 0.00 |
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Dometic Group Hype Timeline
Dometic Group AB is currently traded for 49.86on Stockholm Exchange of Sweden. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Dometic is expected 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 expected to be very small, whereas the daily expected return is currently at 0.1%. %. The volatility of related hype on Dometic Group is about 0.0%, with the expected price after the next announcement by competition of 49.86. About 85.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 0.82. Some equities with similar Price to Book (P/B) outperform the market in the long run. Dometic Group AB has Price/Earnings To Growth (PEG) ratio of 1.77. The entity recorded earning per share (EPS) of 6.09. The firm last dividend was issued on the 13th of April 2023. Assuming the 90 days trading horizon the next expected press release will be in a few days. Check out Historical Fundamental Analysis of Dometic Group to cross-verify your projections.Dometic Group Related Hype Analysis
Having access to credible news sources related to Dometic Group's direct competition is more important than ever and may enhance your ability to predict Dometic Group's future price movements. Getting to know how Dometic Group'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 Dometic Group may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| NEWA-B | New Wave Group | 0.00 | 0 per month | 0.00 | (0.08) | 2.07 | (2.77) | 9.86 | |
| ELUX-B | AB Electrolux | 0.00 | 0 per month | 2.14 | 0.05 | 4.80 | (3.21) | 17.19 | |
| MIPS | MIPS AB | 0.00 | 0 per month | 0.00 | (0.06) | 3.98 | (4.54) | 16.79 | |
| SHOT | Scandic Hotels Group | 0.00 | 0 per month | 2.28 | 0.02 | 2.94 | (3.36) | 15.99 | |
| THULE | Thule Group AB | 0.00 | 0 per month | 0.00 | (0.14) | 2.85 | (3.02) | 9.30 | |
| SKIS-B | SkiStar AB | 0.00 | 0 per month | 0.91 | 0.04 | 1.92 | (1.47) | 6.37 | |
| BETS-B | Betsson AB | 0.00 | 0 per month | 0.00 | (0.20) | 1.51 | (2.35) | 23.82 | |
| BILI-A | Bilia AB | 0.00 | 0 per month | 0.00 | (0.09) | 2.11 | (2.14) | 5.66 | |
| USWE | USWE Sports AB | 0.00 | 0 per month | 0.00 | (0.12) | 3.57 | (5.41) | 14.24 |
Other Forecasting Options for Dometic Group
For every potential investor in Dometic, whether a beginner or expert, Dometic Group's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Dometic Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Dometic. Basic forecasting techniques help filter out the noise by identifying Dometic Group's price trends.Dometic Group 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 Dometic Group stock to make a market-neutral strategy. Peer analysis of Dometic Group could also be used in its relative valuation, which is a method of valuing Dometic Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Dometic Group Market Strength Events
Market strength indicators help investors to evaluate how Dometic Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Dometic Group shares will generate the highest return on investment. By undertsting and applying Dometic Group stock market strength indicators, traders can identify Dometic Group AB entry and exit signals to maximize returns.
Dometic Group Risk Indicators
The analysis of Dometic Group'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 Dometic Group's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dometic 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 | 1.7 | |||
| Semi Deviation | 2.04 | |||
| Standard Deviation | 2.21 | |||
| Variance | 4.9 | |||
| Downside Variance | 5.01 | |||
| Semi Variance | 4.16 | |||
| Expected Short fall | (1.89) |
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 Dometic Group
The number of cover stories for Dometic Group depends on current market conditions and Dometic Group's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Dometic Group 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 Dometic Group'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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Dometic Group Short Properties
Dometic Group's future price predictability will typically decrease when Dometic Group's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Dometic Group AB often depends not only on the future outlook of the potential Dometic Group'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. Dometic Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 309.6 M | |
| Cash And Short Term Investments | 4.4 B |
Additional Tools for Dometic Stock Analysis
When running Dometic Group's price analysis, check to measure Dometic Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dometic Group is operating at the current time. Most of Dometic Group's value examination focuses on studying past and present price action to predict the probability of Dometic Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dometic Group's price. Additionally, you may evaluate how the addition of Dometic Group to your portfolios can decrease your overall portfolio volatility.