Daqo New Stock Forecast - Simple Moving Average

DQ Stock  USD 18.39  0.05  0.27%   
The Simple Moving Average forecasted value of Daqo New Energy on the next trading day is expected to be 18.39 with a mean absolute deviation of 1.19 and the sum of the absolute errors of 70.38. Daqo Stock Forecast is based on your current time horizon. Although Daqo New's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Daqo New's systematic risk associated with finding meaningful patterns of Daqo New fundamentals over time.
  
As of 12/15/2024, Inventory Turnover is likely to grow to 10.85, while Payables Turnover is likely to drop 11.22. . As of 12/15/2024, Net Income Applicable To Common Shares is likely to grow to about 2.2 B, while Common Stock Shares Outstanding is likely to drop slightly above 47.8 M.
A two period moving average forecast for Daqo New is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.

Daqo New Simple Moving Average Price Forecast For the 16th of December 2024

Given 90 days horizon, the Simple Moving Average forecasted value of Daqo New Energy on the next trading day is expected to be 18.39 with a mean absolute deviation of 1.19, mean absolute percentage error of 2.83, and the sum of the absolute errors of 70.38.
Please note that although there have been many attempts to predict Daqo 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 Daqo New's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Daqo New Stock Forecast Pattern

Backtest Daqo NewDaqo New Price PredictionBuy or Sell Advice 

Daqo New Forecasted Value

In the context of forecasting Daqo New'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. Daqo New's downside and upside margins for the forecasting period are 11.77 and 25.01, respectively. We have considered Daqo New'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
18.39
18.39
Expected Value
25.01
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Daqo New stock data series using in forecasting. Note that when a statistical model is used to represent Daqo New 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 Criteria115.4751
BiasArithmetic mean of the errors -0.0529
MADMean absolute deviation1.1929
MAPEMean absolute percentage error0.0555
SAESum of the absolute errors70.38
The simple moving average model is conceptually a linear regression of the current value of Daqo New Energy price series against current and previous (unobserved) value of Daqo New. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future

Predictive Modules for Daqo New

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Daqo New 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.
Hype
Prediction
LowEstimatedHigh
11.4218.0424.66
Details
Intrinsic
Valuation
LowRealHigh
16.5525.1131.73
Details
Bollinger
Band Projection (param)
LowMiddleHigh
16.9719.0721.17
Details
9 Analysts
Consensus
LowTargetHigh
42.3046.4851.59
Details

Other Forecasting Options for Daqo New

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

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

Daqo New 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 Daqo New'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 Daqo New's current price.

Daqo New Market Strength Events

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

Daqo New Risk Indicators

The analysis of Daqo New'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 Daqo New's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting daqo 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.

Pair Trading with Daqo New

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 Daqo New 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 Daqo New will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Daqo New could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daqo New 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 Daqo New - 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 Daqo New Energy to buy it.
The correlation of Daqo New 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 Daqo New moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daqo New Energy 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 Daqo New 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

Additional Tools for Daqo Stock Analysis

When running Daqo New's price analysis, check to measure Daqo New'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 Daqo New is operating at the current time. Most of Daqo New's value examination focuses on studying past and present price action to predict the probability of Daqo New's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daqo New's price. Additionally, you may evaluate how the addition of Daqo New to your portfolios can decrease your overall portfolio volatility.