Dominion Energy Stock Forecast - Naive Prediction

D Stock  USD 58.62  1.50  2.50%   
The Naive Prediction forecasted value of Dominion Energy on the next trading day is expected to be 59.43 with a mean absolute deviation of 0.64 and the sum of the absolute errors of 39.70. Dominion Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Dominion Energy stock prices and determine the direction of Dominion Energy's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Dominion Energy's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Dominion Energy's Receivables Turnover is projected to slightly decrease based on the last few years of reporting. . The current year's Net Income Applicable To Common Shares is expected to grow to about 1.7 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 576.9 M.
Most investors in Dominion Energy 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 Dominion Energy's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Dominion Energy's price structures and extracts relationships that further increase the accuracy of the generated results.
 
Cash  
First Reported
1994-03-31
Previous Quarter
295 M
Current Value
184 M
Quarterly Volatility
249.1 M
 
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Covid
A naive forecasting model for Dominion Energy is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Dominion Energy 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.

Dominion Energy Naive Prediction Price Forecast For the 31st of October

Given 90 days horizon, the Naive Prediction forecasted value of Dominion Energy on the next trading day is expected to be 59.43 with a mean absolute deviation of 0.64, mean absolute percentage error of 0.68, and the sum of the absolute errors of 39.70.
Please note that although there have been many attempts to predict Dominion 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 Dominion Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Dominion Energy Stock Forecast Pattern

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Dominion Energy Forecasted Value

In the context of forecasting Dominion 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. Dominion Energy's downside and upside margins for the forecasting period are 58.19 and 60.66, respectively. We have considered Dominion 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.
Market Value
58.62
59.43
Expected Value
60.66
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 Dominion Energy stock data series using in forecasting. Note that when a statistical model is used to represent Dominion 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.
AICAkaike Information Criteria119.5567
BiasArithmetic mean of the errors None
MADMean absolute deviation0.6402
MAPEMean absolute percentage error0.0112
SAESum of the absolute errors39.6952
This model is not at all useful as a medium-long range forecasting tool of Dominion Energy. 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 Dominion Energy. 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 Dominion 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 Dominion 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 Dominion 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.
Hype
Prediction
LowEstimatedHigh
57.3258.6259.92
Details
Intrinsic
Valuation
LowRealHigh
56.5957.8959.19
Details
Bollinger
Band Projection (param)
LowMiddleHigh
60.0060.0060.00
Details
18 Analysts
Consensus
LowTargetHigh
44.7349.1554.56
Details

Other Forecasting Options for Dominion Energy

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

Dominion 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 Dominion Energy stock to make a market-neutral strategy. Peer analysis of Dominion Energy could also be used in its relative valuation, which is a method of valuing Dominion Energy by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Dominion 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 Dominion 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 Dominion Energy's current price.

Dominion Energy Market Strength Events

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

Dominion Energy Risk Indicators

The analysis of Dominion 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 Dominion Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dominion 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.
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.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Check out Historical Fundamental Analysis of Dominion Energy to cross-verify your projections.
For information on how to trade Dominion Stock refer to our How to Trade Dominion Stock guide.
You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Multi-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 Dominion Energy. If investors know Dominion 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 Dominion 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
(0.04)
Dividend Share
2.67
Earnings Share
2.34
Revenue Per Share
17.266
Quarterly Revenue Growth
0.101
The market value of Dominion Energy is measured differently than its book value, which is the value of Dominion that is recorded on the company's balance sheet. Investors also form their own opinion of Dominion Energy's value that differs from its market value or its book value, called intrinsic value, which is Dominion 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 Dominion Energy's market value can be influenced by many factors that don't directly affect Dominion 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 Dominion Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dominion Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dominion 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.