Daily Journal Stock Forecast - Naive Prediction
| DJCO Stock | USD 384.59 2.42 0.63% |
The Naive Prediction forecasted value of Daily Journal Corp on the next trading day is expected to be 390.45 with a mean absolute deviation of 7.23 and the sum of the absolute errors of 440.90. Daily Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Daily Journal stock prices and determine the direction of Daily Journal Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Daily Journal's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Daily Journal's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Daily Journal's systematic risk associated with finding meaningful patterns of Daily Journal fundamentals over time.
Check out Historical Fundamental Analysis of Daily Journal to cross-verify your projections. Daily |
Most investors in Daily Journal 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 Daily Journal's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Daily Journal's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Daily Journal is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Daily Journal Corp 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. Daily Journal Naive Prediction Price Forecast For the 23rd of May
Given 90 days horizon, the Naive Prediction forecasted value of Daily Journal Corp on the next trading day is expected to be 390.45 with a mean absolute deviation of 7.23, mean absolute percentage error of 89.83, and the sum of the absolute errors of 440.90.Please note that although there have been many attempts to predict Daily 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 Daily Journal's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Daily Journal Stock Forecast Pattern
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Daily Journal Forecasted Value
In the context of forecasting Daily Journal'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. Daily Journal's downside and upside margins for the forecasting period are 388.34 and 392.56, respectively. We have considered Daily Journal'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 Daily Journal stock data series using in forecasting. Note that when a statistical model is used to represent Daily Journal 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 | 122.6084 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 7.2279 |
| MAPE | Mean absolute percentage error | 0.0199 |
| SAE | Sum of the absolute errors | 440.8998 |
Predictive Modules for Daily Journal
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Daily Journal Corp. 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 Daily Journal'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 Daily Journal
For every potential investor in Daily, whether a beginner or expert, Daily Journal's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Daily Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Daily. Basic forecasting techniques help filter out the noise by identifying Daily Journal's price trends.Daily Journal 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 Daily Journal stock to make a market-neutral strategy. Peer analysis of Daily Journal could also be used in its relative valuation, which is a method of valuing Daily Journal by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Daily Journal Corp 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 Daily Journal'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 Daily Journal's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Daily Journal Market Strength Events
Market strength indicators help investors to evaluate how Daily Journal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Daily Journal shares will generate the highest return on investment. By undertsting and applying Daily Journal stock market strength indicators, traders can identify Daily Journal Corp entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 384.59 | |||
| Day Typical Price | 384.59 | |||
| Price Action Indicator | (1.21) | |||
| Period Momentum Indicator | (2.42) | |||
| Relative Strength Index | 62.45 |
Daily Journal Risk Indicators
The analysis of Daily Journal'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 Daily Journal's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting daily 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 | 1.63 | |||
| Semi Deviation | 2.15 | |||
| Standard Deviation | 2.09 | |||
| Variance | 4.37 | |||
| Downside Variance | 5.47 | |||
| Semi Variance | 4.63 | |||
| Expected Short fall | (1.65) |
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 Daily Journal to cross-verify your projections. Note that the Daily Journal Corp information on this page should be used as a complementary analysis to other Daily Journal's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Daily Stock analysis
When running Daily Journal's price analysis, check to measure Daily Journal'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 Daily Journal is operating at the current time. Most of Daily Journal's value examination focuses on studying past and present price action to predict the probability of Daily Journal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daily Journal's price. Additionally, you may evaluate how the addition of Daily Journal to your portfolios can decrease your overall portfolio volatility.
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Is Daily Journal'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 Daily Journal. If investors know Daily 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 Daily Journal 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 0.634 | Earnings Share 16.14 | Revenue Per Share 52.154 | Quarterly Revenue Growth 0.026 | Return On Assets 0.0165 |
The market value of Daily Journal Corp is measured differently than its book value, which is the value of Daily that is recorded on the company's balance sheet. Investors also form their own opinion of Daily Journal's value that differs from its market value or its book value, called intrinsic value, which is Daily Journal'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 Daily Journal's market value can be influenced by many factors that don't directly affect Daily Journal'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 Daily Journal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Daily Journal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Daily Journal'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.