Duke Energy Stock Forecast - Naive Prediction
| DUK Stock | USD 117.42 0.38 0.32% |
The Naive Prediction forecasted value of Duke Energy on the next trading day is expected to be 123.11 with a mean absolute deviation of 1.55 and the sum of the absolute errors of 94.26. Duke Stock Forecast is based on your current time horizon. Although Duke Energy's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Duke Energy's systematic risk associated with finding meaningful patterns of Duke Energy fundamentals over time.
Duke |
Open Interest Against 2024-12-20 Duke Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Duke Energy's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Duke Energy's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Duke Energy stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Duke Energy's open interest, investors have to compare it to Duke Energy's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Duke Energy is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Duke. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Duke Energy Cash Forecast
To forecast cash or other financial indicators, analysts must employ diverse statistical methods, techniques, and algorithms. This approach allows them to detect underlying patterns in the Duke Energy's financial statements, predicting their influence on future market prices.
Cash | First Reported 1994-03-31 | Previous Quarter 390 M | Current Value 376 M | Quarterly Volatility 816.6 M |
Duke Energy Naive Prediction Price Forecast For the 30th of November
Given 90 days horizon, the Naive Prediction forecasted value of Duke Energy on the next trading day is expected to be 123.11 with a mean absolute deviation of 1.55, mean absolute percentage error of 4.02, and the sum of the absolute errors of 94.26.Please note that although there have been many attempts to predict Duke 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 Duke Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Duke Energy Stock Forecast Pattern
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Duke Energy Forecasted Value
In the context of forecasting Duke Energy'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. Duke Energy's downside and upside margins for the forecasting period are 121.99 and 124.23, respectively. We have considered Duke Energy'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Duke Energy stock data series using in forecasting. Note that when a statistical model is used to represent Duke Energy 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 | 119.5029 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.5453 |
| MAPE | Mean absolute percentage error | 0.0135 |
| SAE | Sum of the absolute errors | 94.2607 |
Predictive Modules for Duke Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Duke Energy. 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 Duke Energy'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 Duke Energy
For every potential investor in Duke, whether a beginner or expert, Duke Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Duke Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Duke. Basic forecasting techniques help filter out the noise by identifying Duke Energy's price trends.Duke Energy 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 Duke Energy stock to make a market-neutral strategy. Peer analysis of Duke Energy could also be used in its relative valuation, which is a method of valuing Duke Energy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Duke Energy 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 Duke Energy'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 Duke Energy's current price.| Cycle Indicators | ||
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Duke Energy Market Strength Events
Market strength indicators help investors to evaluate how Duke Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Duke Energy shares will generate the highest return on investment. By undertsting and applying Duke Energy stock market strength indicators, traders can identify Duke Energy entry and exit signals to maximize returns.
Duke Energy Risk Indicators
The analysis of Duke Energy'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 Duke Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting duke 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 | 0.8633 | |||
| Semi Deviation | 1.09 | |||
| Standard Deviation | 1.12 | |||
| Variance | 1.25 | |||
| Downside Variance | 1.38 | |||
| Semi Variance | 1.19 | |||
| Expected Short fall | (0.91) |
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.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Duke Energy to cross-verify your projections. For more information on how to buy Duke Stock please use our How to buy in Duke Stock guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Electric Utilities 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 Duke Energy. If investors know Duke 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 Duke Energy 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 0.01 | Dividend Share 4.12 | Earnings Share 5.57 | Revenue Per Share 38.55 | Quarterly Revenue Growth 0.02 |
The market value of Duke Energy is measured differently than its book value, which is the value of Duke that is recorded on the company's balance sheet. Investors also form their own opinion of Duke Energy's value that differs from its market value or its book value, called intrinsic value, which is Duke Energy'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 Duke Energy's market value can be influenced by many factors that don't directly affect Duke Energy'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 Duke Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Duke Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Duke Energy'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.