Dxp Enterprise Stock Forecast - Naive Prediction

DXPE
 Stock
  

USD 25.19  0.98  3.74%   

Dxp Enterprise Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Dxp Enterprise historical stock prices and determine the direction of Dxp Enterprise's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Dxp Enterprise historical fundamentals such as revenue growth or operating cash flow patterns. Although Dxp Enterprise naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Dxp Enterprise systematic risk associated with finding meaningful patterns of Dxp Enterprise fundamentals over time.
Continue to Historical Fundamental Analysis of Dxp Enterprise to cross-verify your projections.
  
Dxp Enterprise Receivables Turnover is projected to slightly decrease based on the last few years of reporting. The past year's Receivables Turnover was at 5.34. The current year Cash and Equivalents Turnover is expected to grow to 13.73, whereas Accounts Payable Turnover is forecasted to decline to 13.42. . As of November 28, 2022, Weighted Average Shares is expected to decline to about 16.6 M. In addition to that, Weighted Average Shares Diluted is expected to decline to about 17.4 M.

Open Interest Agains t 2022-12-16 Dxp Enterprise Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Dxp Enterprise'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 Dxp Enterprise's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Dxp Enterprise stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Dxp Enterprise's open interest, investors have to compare it to Dxp Enterprise'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 Dxp Enterprise 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 Dxp Enterprise. 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.
Most investors in Dxp Enterprise cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Dxp Enterprise's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Dxp Enterprise's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Dxp Enterprise is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Dxp Enterprise value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Dxp Enterprise Naive Prediction Price Forecast For the 29th of November

Given 90 days horizon, the Naive Prediction forecasted value of Dxp Enterprise on the next trading day is expected to be 25.92 with a mean absolute deviation of 0.62, mean absolute percentage error of 0.56, and the sum of the absolute errors of 37.93.
Please note that although there have been many attempts to predict Dxp Enterprise 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 Enterprise's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Dxp Enterprise Stock Forecast Pattern

Backtest Dxp EnterpriseDxp Enterprise Price PredictionBuy or Sell Advice 

Dxp Enterprise Forecasted Value

In the context of forecasting Dxp Enterprise'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. Dxp Enterprise's downside and upside margins for the forecasting period are 23.21 and 28.62, respectively. We have considered Dxp Enterprise'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.
Market Value 25.19
25.92
Expected Value
28.62
Upside

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 Enterprise stock data series using in forecasting. Note that when a statistical model is used to represent Dxp Enterprise 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.
AICAkaike Information Criteria117.5318
BiasArithmetic mean of the errors None
MADMean absolute deviation0.6218
MAPEMean absolute percentage error0.0236
SAESum of the absolute errors37.928
This model is not at all useful as a medium-long range forecasting tool of Dxp Enterprise. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Dxp Enterprise. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Dxp Enterprise

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 Enterprise. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of Dxp Enterprise'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. Please use the tools below to analyze the current value of Dxp Enterprise in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
22.9925.6828.37
Details
Intrinsic
Valuation
LowReal ValueHigh
23.0933.1435.83
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
25.8726.4126.95
Details
1 Analysts
Consensus
LowTarget PriceHigh
40.0040.0040.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dxp Enterprise. Your research has to be compared to or analyzed against Dxp Enterprise's peers to derive any actionable benefits. When done correctly, Dxp Enterprise's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Dxp Enterprise.

Other Forecasting Options for Dxp Enterprise

For every potential investor in Dxp Enterprise, whether a beginner or expert, Dxp Enterprise's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Dxp Enterprise Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Dxp Enterprise. Basic forecasting techniques help filter out the noise by identifying Dxp Enterprise's price trends.

Dxp Enterprise 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 Enterprise stock to make a market-neutral strategy. Peer analysis of Dxp Enterprise could also be used in its relative valuation, which is a method of valuing Dxp Enterprise by comparing valuation metrics with similar companies.
WW GraingerFastenalPool CorpWatsco IncWesco InternationalBank Of AmericaAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanBhp BillitonNatural Hlth TrdUSA Value FactorBetapro Canadian Gold
 Risk & Return  Correlation

Dxp Enterprise 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 Dxp Enterprise'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 Dxp Enterprise's current price.

Dxp Enterprise Market Strength Events

Market strength indicators help investors to evaluate how Dxp Enterprise 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 Enterprise shares will generate the highest return on investment. By undertsting and applying Dxp Enterprise stock market strength indicators, traders can identify Dxp Enterprise entry and exit signals to maximize returns.

Dxp Enterprise Risk Indicators

The analysis of Dxp Enterprise's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Dxp Enterprise's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Dxp Enterprise stock price, 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.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Dxp Enterprise Investors Sentiment

The influence of Dxp Enterprise's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Dxp Enterprise. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Dxp Enterprise's public news can be used to forecast risks associated with investment in Dxp Enterprise. The trend in average sentiment can be used to explain how an investor holding Dxp Enterprise can time the market purely based on public headlines and social activities around Dxp Enterprise. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Dxp Enterprise's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Dxp Enterprise's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Dxp Enterprise's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Dxp Enterprise.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Dxp Enterprise in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Dxp Enterprise's short interest history, or implied volatility extrapolated from Dxp Enterprise options trading.

Pair Trading with Dxp Enterprise

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dxp Enterprise position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dxp Enterprise will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dxp Enterprise

+0.68AALAmerican Airlines Sell-off TrendPairCorr
The ability to find closely correlated positions to Dxp Enterprise could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dxp Enterprise when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dxp Enterprise - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dxp Enterprise to buy it.
The correlation of Dxp Enterprise is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dxp Enterprise moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dxp Enterprise moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Dxp Enterprise can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Historical Fundamental Analysis of Dxp Enterprise to cross-verify your projections. You can also try Equity Valuation module to check real value of public entities based on technical and fundamental data.

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When running Dxp Enterprise price analysis, check to measure Dxp Enterprise'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 Dxp Enterprise is operating at the current time. Most of Dxp Enterprise's value examination focuses on studying past and present price action to predict the probability of Dxp Enterprise's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Dxp Enterprise's price. Additionally, you may evaluate how the addition of Dxp Enterprise to your portfolios can decrease your overall portfolio volatility.
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Is Dxp Enterprise's industry 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 Enterprise. If investors know Dxp Enterprise 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 Enterprise 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 YOY
0.94
Market Capitalization
491.1 M
Quarterly Revenue Growth YOY
0.34
Return On Assets
0.0534
Return On Equity
0.11
The market value of Dxp Enterprise is measured differently than its book value, which is the value of Dxp Enterprise that is recorded on the company's balance sheet. Investors also form their own opinion of Dxp Enterprise's value that differs from its market value or its book value, called intrinsic value, which is Dxp Enterprise'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 Dxp Enterprise's market value can be influenced by many factors that don't directly affect Dxp Enterprise'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 Dxp Enterprise's value and its price as these two are different measures arrived at by different means. Investors typically determine Dxp Enterprise value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dxp Enterprise'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.