DXP Enterprises Stock Forecast - Naive Prediction
| DXPE Stock | USD 132.09 4.35 3.41% |
The Naive Prediction forecasted value of DXP Enterprises on the next trading day is expected to be 146.78 with a mean absolute deviation of 2.86 and the sum of the absolute errors of 174.26. DXP Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast DXP Enterprises stock prices and determine the direction of DXP Enterprises's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of DXP Enterprises' historical fundamentals, such as revenue growth or operating cash flow patterns.
The value of RSI of DXP Enterprises' stock price is about 63 suggesting that the stock is rather overbought by investors at the present time. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling DXP, making its price go up or down. Momentum 63
Buy Extended
Oversold | Overbought |
Using DXP Enterprises hype-based prediction, you can estimate the value of DXP Enterprises from the perspective of DXP Enterprises response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of DXP Enterprises on the next trading day is expected to be 146.78 with a mean absolute deviation of 2.86 and the sum of the absolute errors of 174.26. DXP Enterprises after-hype prediction price | USD 132.09 |
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.
Check out Historical Fundamental Analysis of DXP Enterprises to cross-verify your projections. For information on how to trade DXP Stock refer to our How to Trade DXP Stock guide.DXP Enterprises Additional Predictive Modules
Most predictive techniques to examine DXP price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for DXP using various technical indicators. When you analyze DXP 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 |
DXP Enterprises Naive Prediction Price Forecast For the 23rd of January
Given 90 days horizon, the Naive Prediction forecasted value of DXP Enterprises on the next trading day is expected to be 146.78 with a mean absolute deviation of 2.86, mean absolute percentage error of 13.11, and the sum of the absolute errors of 174.26.Please note that although there have been many attempts to predict DXP 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 DXP Enterprises' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
DXP Enterprises Stock Forecast Pattern
| Backtest DXP Enterprises | DXP Enterprises Price Prediction | Buy or Sell Advice |
DXP Enterprises Forecasted Value
In the context of forecasting DXP Enterprises' 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. DXP Enterprises' downside and upside margins for the forecasting period are 143.01 and 150.56, respectively. We have considered DXP Enterprises' 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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of DXP Enterprises stock data series using in forecasting. Note that when a statistical model is used to represent DXP Enterprises 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 | 120.6839 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.8567 |
| MAPE | Mean absolute percentage error | 0.027 |
| SAE | Sum of the absolute errors | 174.2595 |
Predictive Modules for DXP Enterprises
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as DXP Enterprises. 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.DXP Enterprises After-Hype Price Prediction Density Analysis
As far as predicting the price of DXP Enterprises 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 DXP Enterprises 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 DXP Enterprises, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
DXP Enterprises Estimiated After-Hype Price Volatility
In the context of predicting DXP Enterprises' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on DXP Enterprises' historical news coverage. DXP Enterprises' after-hype downside and upside margins for the prediction period are 128.32 and 135.86, respectively. We have considered DXP Enterprises' 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
DXP Enterprises is very steady at this time. Analysis and calculation of next after-hype price of DXP Enterprises is based on 3 months time horizon.
DXP Enterprises Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as DXP Enterprises is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading DXP Enterprises 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 DXP Enterprises, 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 |
0.20 | 3.77 | 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 | ||
132.09 | 132.09 | 0.00 |
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DXP Enterprises Hype Timeline
DXP Enterprises is currently traded for 132.09. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. DXP is projected 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 projected to be very small, whereas the daily expected return is currently at 0.2%. %. The volatility of related hype on DXP Enterprises is about 29000.0%, with the expected price after the next announcement by competition of 132.09. About 18.0% of the company shares are held by company insiders. The book value of DXP Enterprises was currently reported as 31.15. The company has Price/Earnings To Growth (PEG) ratio of 2.1. DXP Enterprises recorded earning per share (EPS) of 5.27. The entity had not issued any dividends in recent years. The firm had 2:1 split on the 1st of October 2008. Given the investment horizon of 90 days the next projected press release will be in a few days. Check out Historical Fundamental Analysis of DXP Enterprises to cross-verify your projections. For information on how to trade DXP Stock refer to our How to Trade DXP Stock guide.DXP Enterprises Related Hype Analysis
Having access to credible news sources related to DXP Enterprises' direct competition is more important than ever and may enhance your ability to predict DXP Enterprises' future price movements. Getting to know how DXP Enterprises' 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 DXP Enterprises may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| PSIX | Power Solutions International | 0.13 | 8 per month | 0.00 | (0.03) | 7.68 | (6.33) | 27.55 | |
| HLIO | Helios Technologies | 0.00 | 0 per month | 1.59 | 0.1 | 3.90 | (3.06) | 9.43 | |
| VVX | V2X Inc | 0.00 | 0 per month | 1.61 | 0.06 | 3.81 | (2.23) | 9.98 | |
| CECO | CECO Environmental Corp | 0.00 | 0 per month | 2.83 | 0.13 | 4.25 | (4.56) | 13.46 | |
| SCS | Steelcase | 0.00 | 0 per month | 0.00 | (0.21) | 1.69 | (1.21) | 4.62 | |
| PBI | Pitney Bowes | 0.00 | 0 per month | 0.00 | (0.12) | 2.65 | (2.96) | 11.40 | |
| NNE | Nano Nuclear Energy | 0.00 | 0 per month | 0.00 | (0.06) | 8.36 | (8.88) | 20.07 | |
| HNI | HNI Corp | 0.00 | 0 per month | 1.59 | 0.01 | 2.32 | (1.73) | 7.38 | |
| EPAC | Enerpac Tool Group | 0.00 | 0 per month | 2.03 | (0.05) | 3.65 | (2.53) | 12.80 | |
| ROCK | Gibraltar Industries | 0.00 | 0 per month | 0.00 | (0.13) | 5.00 | (4.60) | 23.65 |
Other Forecasting Options for DXP Enterprises
For every potential investor in DXP, whether a beginner or expert, DXP Enterprises' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. DXP Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in DXP. Basic forecasting techniques help filter out the noise by identifying DXP Enterprises' price trends.DXP Enterprises 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 DXP Enterprises stock to make a market-neutral strategy. Peer analysis of DXP Enterprises could also be used in its relative valuation, which is a method of valuing DXP Enterprises by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
DXP Enterprises Market Strength Events
Market strength indicators help investors to evaluate how DXP Enterprises stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DXP Enterprises shares will generate the highest return on investment. By undertsting and applying DXP Enterprises stock market strength indicators, traders can identify DXP Enterprises entry and exit signals to maximize returns.
| Accumulation Distribution | 3146.77 | |||
| Daily Balance Of Power | 1.208333 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 130.8 | |||
| Day Typical Price | 131.23 | |||
| Price Action Indicator | 3.47 | |||
| Period Momentum Indicator | 4.35 | |||
| Relative Strength Index | 63.54 |
DXP Enterprises Risk Indicators
The analysis of DXP Enterprises' 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 DXP Enterprises' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dxp 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 | 2.43 | |||
| Semi Deviation | 4.61 | |||
| Standard Deviation | 3.77 | |||
| Variance | 14.22 | |||
| Downside Variance | 22.36 | |||
| Semi Variance | 21.29 | |||
| Expected Short fall | (2.38) |
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 DXP Enterprises
The number of cover stories for DXP Enterprises depends on current market conditions and DXP Enterprises' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that DXP Enterprises 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 DXP Enterprises' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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DXP Enterprises Short Properties
DXP Enterprises' future price predictability will typically decrease when DXP Enterprises' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of DXP Enterprises often depends not only on the future outlook of the potential DXP Enterprises' 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. DXP Enterprises' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 16.7 M | |
| Cash And Short Term Investments | 148.3 M |
Check out Historical Fundamental Analysis of DXP Enterprises to cross-verify your projections. For information on how to trade DXP Stock refer to our How to Trade DXP Stock guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Is Stock 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 DXP Enterprises. If investors know DXP 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 DXP Enterprises listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of DXP Enterprises is measured differently than its book value, which is the value of DXP that is recorded on the company's balance sheet. Investors also form their own opinion of DXP Enterprises' value that differs from its market value or its book value, called intrinsic value, which is DXP Enterprises' 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 DXP Enterprises' market value can be influenced by many factors that don't directly affect DXP Enterprises' 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 DXP Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if DXP Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DXP Enterprises' 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.