Dave Stock Forecast - Naive Prediction

DAVE Stock  USD 100.66  3.92  4.05%   
The Naive Prediction forecasted value of Dave Inc on the next trading day is expected to be 86.95 with a mean absolute deviation of 3.80 and the sum of the absolute errors of 231.73. Dave Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Dave stock prices and determine the direction of Dave Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Dave's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Dave's Payables Turnover is projected to increase significantly based on the last few years of reporting. The current year's Receivables Turnover is expected to grow to 2.71, whereas Fixed Asset Turnover is forecasted to decline to 63.64. . As of March 3, 2025, Common Stock Shares Outstanding is expected to decline to about 12.7 M. The current year's Net Loss is expected to grow to about (110.2 M).

Open Interest Against 2025-04-17 Dave Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Dave'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 Dave's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Dave 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 Dave's open interest, investors have to compare it to Dave'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 Dave 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 Dave. 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.

Dave Cash Forecast

Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Dave's financial statements to predict how it will affect future prices.
 
Cash  
First Reported
2010-12-31
Previous Quarter
48 M
Current Value
50.4 M
Quarterly Volatility
16.8 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
A naive forecasting model for Dave is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Dave Inc 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.

Dave Naive Prediction Price Forecast For the 4th of March

Given 90 days horizon, the Naive Prediction forecasted value of Dave Inc on the next trading day is expected to be 86.95 with a mean absolute deviation of 3.80, mean absolute percentage error of 22.13, and the sum of the absolute errors of 231.73.
Please note that although there have been many attempts to predict Dave 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 Dave's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Dave Stock Forecast Pattern

Backtest DaveDave Price PredictionBuy or Sell Advice 

Dave Forecasted Value

In the context of forecasting Dave'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. Dave's downside and upside margins for the forecasting period are 82.18 and 91.73, respectively. We have considered Dave'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
100.66
86.95
Expected Value
91.73
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 Dave stock data series using in forecasting. Note that when a statistical model is used to represent Dave 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 Criteria121.2076
BiasArithmetic mean of the errors None
MADMean absolute deviation3.7989
MAPEMean absolute percentage error0.0399
SAESum of the absolute errors231.7333
This model is not at all useful as a medium-long range forecasting tool of Dave Inc. 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 Dave. 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 Dave

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dave 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 Dave'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
95.89100.66105.43
Details
Intrinsic
Valuation
LowRealHigh
95.35100.12104.89
Details
Bollinger
Band Projection (param)
LowMiddleHigh
84.84100.74116.63
Details
7 Analysts
Consensus
LowTargetHigh
98.28108.00119.88
Details

Other Forecasting Options for Dave

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

View Dave Related Equities

 Risk & Return  Correlation

Dave 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 Dave'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 Dave's current price.

Dave Market Strength Events

Market strength indicators help investors to evaluate how Dave stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Dave shares will generate the highest return on investment. By undertsting and applying Dave stock market strength indicators, traders can identify Dave Inc entry and exit signals to maximize returns.

Dave Risk Indicators

The analysis of Dave'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 Dave's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dave 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.
When determining whether Dave Inc is a strong investment it is important to analyze Dave's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Dave's future performance. For an informed investment choice regarding Dave Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Dave to cross-verify your projections.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Application Software 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 Dave. If investors know Dave 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 Dave listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
3.05
Revenue Per Share
25.882
Quarterly Revenue Growth
0.405
Return On Assets
0.034
Return On Equity
0.351
The market value of Dave Inc is measured differently than its book value, which is the value of Dave that is recorded on the company's balance sheet. Investors also form their own opinion of Dave's value that differs from its market value or its book value, called intrinsic value, which is Dave'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 Dave's market value can be influenced by many factors that don't directly affect Dave'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 Dave's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dave is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dave'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.