DRA Global Stock Forecast - 4 Period Moving Average

DRA Stock   2,201  174.00  7.33%   
The 4 Period Moving Average forecasted value of DRA Global on the next trading day is expected to be 2,288 with a mean absolute deviation of 50.36 and the sum of the absolute errors of 2,870. DRA Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast DRA Global stock prices and determine the direction of DRA Global's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of DRA Global's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
A four-period moving average forecast model for DRA Global is based on an artificially constructed daily price series in which the value for a given day is replaced by the mean of that value and the values for four preceding and succeeding time periods. This model is best suited to forecast equities with high volatility.

DRA Global 4 Period Moving Average Price Forecast For the 24th of December

Given 90 days horizon, the 4 Period Moving Average forecasted value of DRA Global on the next trading day is expected to be 2,288 with a mean absolute deviation of 50.36, mean absolute percentage error of 5,277, and the sum of the absolute errors of 2,870.
Please note that although there have been many attempts to predict DRA 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 DRA Global's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

DRA Global Stock Forecast Pattern

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DRA Global Forecasted Value

In the context of forecasting DRA Global'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. DRA Global's downside and upside margins for the forecasting period are 2,285 and 2,291, respectively. We have considered DRA Global'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
2,201
2,288
Expected Value
2,291
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of DRA Global stock data series using in forecasting. Note that when a statistical model is used to represent DRA Global 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 Criteria119.3302
BiasArithmetic mean of the errors 2.8421
MADMean absolute deviation50.3596
MAPEMean absolute percentage error0.0218
SAESum of the absolute errors2870.5
The four period moving average method has an advantage over other forecasting models in that it does smooth out peaks and troughs in a set of daily price observations of DRA Global. However, it also has several disadvantages. In particular this model does not produce an actual prediction equation for DRA Global and therefore, it cannot be a useful forecasting tool for medium or long range price predictions

Predictive Modules for DRA Global

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as DRA Global. 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
2,1982,2012,204
Details
Intrinsic
Valuation
LowRealHigh
1,8891,8912,421
Details

Other Forecasting Options for DRA Global

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

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

DRA Global 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 DRA Global'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 DRA Global's current price.

DRA Global Market Strength Events

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

DRA Global Risk Indicators

The analysis of DRA Global'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 DRA Global's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dra 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.

Other Information on Investing in DRA Stock

DRA Global financial ratios help investors to determine whether DRA Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in DRA with respect to the benefits of owning DRA Global security.