DexCom Stock Forecast - Simple Exponential Smoothing
DXCM Stock | USD 124.34 13.67 9.91% |
The Simple Exponential Smoothing forecasted value of DexCom Inc on the next trading day is expected to be 124.34 with a mean absolute deviation of 2.14 and the sum of the absolute errors of 128.30. DexCom Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast DexCom stock prices and determine the direction of DexCom Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of DexCom's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of DexCom to cross-verify your projections. DexCom |
Most investors in DexCom 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 DexCom's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets DexCom's price structures and extracts relationships that further increase the generated results' accuracy.
DexCom simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for DexCom Inc are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as DexCom Inc prices get older. DexCom Simple Exponential Smoothing Price Forecast For the 29th of April
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of DexCom Inc on the next trading day is expected to be 124.34 with a mean absolute deviation of 2.14, mean absolute percentage error of 11.39, and the sum of the absolute errors of 128.30.Please note that although there have been many attempts to predict DexCom 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 DexCom's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
DexCom Stock Forecast Pattern
Backtest DexCom | DexCom Price Prediction | Buy or Sell Advice |
DexCom Forecasted Value
In the context of forecasting DexCom'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. DexCom's downside and upside margins for the forecasting period are 121.77 and 126.91, respectively. We have considered DexCom'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 Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of DexCom stock data series using in forecasting. Note that when a statistical model is used to represent DexCom 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 | 118.7056 |
Bias | Arithmetic mean of the errors | -0.029 |
MAD | Mean absolute deviation | 2.1383 |
MAPE | Mean absolute percentage error | 0.0165 |
SAE | Sum of the absolute errors | 128.3 |
Predictive Modules for DexCom
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as DexCom Inc. 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 DexCom'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 DexCom
For every potential investor in DexCom, whether a beginner or expert, DexCom's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. DexCom Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in DexCom. Basic forecasting techniques help filter out the noise by identifying DexCom's price trends.DexCom 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 DexCom stock to make a market-neutral strategy. Peer analysis of DexCom could also be used in its relative valuation, which is a method of valuing DexCom by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
DexCom Inc 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 DexCom'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 DexCom's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
DexCom Market Strength Events
Market strength indicators help investors to evaluate how DexCom stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DexCom shares will generate the highest return on investment. By undertsting and applying DexCom stock market strength indicators, traders can identify DexCom Inc entry and exit signals to maximize returns.
Accumulation Distribution | 0.11 | |||
Daily Balance Of Power | (0.93) | |||
Rate Of Daily Change | 0.9 | |||
Day Median Price | 131.45 | |||
Day Typical Price | 129.08 | |||
Market Facilitation Index | 14.73 | |||
Price Action Indicator | (13.94) | |||
Period Momentum Indicator | (13.67) | |||
Relative Strength Index | 42.72 |
DexCom Risk Indicators
The analysis of DexCom'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 DexCom's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dexcom 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 | 1.62 | |||
Semi Deviation | 2.37 | |||
Standard Deviation | 2.57 | |||
Variance | 6.6 | |||
Downside Variance | 6.01 | |||
Semi Variance | 5.62 | |||
Expected Short fall | (1.82) |
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.
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 DexCom 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, DexCom's short interest history, or implied volatility extrapolated from DexCom options trading.
Pair Trading with DexCom
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 DexCom 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 DexCom will appreciate offsetting losses from the drop in the long position's value.Moving together with DexCom Stock
0.66 | EW | Edwards Lifesciences Corp | PairCorr |
Moving against DexCom Stock
0.85 | OM | Outset MedicalInc Financial Report 1st of May 2024 | PairCorr |
0.72 | VERO | Venus Concept Financial Report 20th of May 2024 | PairCorr |
0.7 | ECOR | Electrocore LLC Earnings Call This Week | PairCorr |
0.68 | FNA | Paragon 28 Earnings Call Next Week | PairCorr |
0.67 | ELUT | Elutia Inc Symbol Change | PairCorr |
The ability to find closely correlated positions to DexCom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DexCom 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 DexCom - 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 DexCom Inc to buy it.
The correlation of DexCom is a statistical measure of how it moves in relation to other instruments. 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 DexCom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DexCom Inc 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 DexCom 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.Check out Historical Fundamental Analysis of DexCom to cross-verify your projections. Note that the DexCom Inc information on this page should be used as a complementary analysis to other DexCom'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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for DexCom Stock analysis
When running DexCom's price analysis, check to measure DexCom'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 DexCom is operating at the current time. Most of DexCom's value examination focuses on studying past and present price action to predict the probability of DexCom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DexCom's price. Additionally, you may evaluate how the addition of DexCom to your portfolios can decrease your overall portfolio volatility.
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Is DexCom'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 DexCom. If investors know DexCom 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 DexCom 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 DexCom Inc is measured differently than its book value, which is the value of DexCom that is recorded on the company's balance sheet. Investors also form their own opinion of DexCom's value that differs from its market value or its book value, called intrinsic value, which is DexCom'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 DexCom's market value can be influenced by many factors that don't directly affect DexCom'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 DexCom's value and its price as these two are different measures arrived at by different means. Investors typically determine if DexCom is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DexCom'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.