DT Midstream Stock Forecast - Simple Regression
| DTM Stock | USD 106.12 0.31 0.29% |
The Simple Regression forecasted value of DT Midstream on the next trading day is expected to be 106.17 with a mean absolute deviation of 1.81 and the sum of the absolute errors of 110.49. DTM Stock Forecast is based on your current time horizon. Although DT Midstream's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of DT Midstream's systematic risk associated with finding meaningful patterns of DT Midstream fundamentals over time.
DTM |
DT Midstream Simple Regression Price Forecast For the 30th of November
Given 90 days horizon, the Simple Regression forecasted value of DT Midstream on the next trading day is expected to be 106.17 with a mean absolute deviation of 1.81, mean absolute percentage error of 5.26, and the sum of the absolute errors of 110.49.Please note that although there have been many attempts to predict DTM 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 DT Midstream's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
DT Midstream Stock Forecast Pattern
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DT Midstream Forecasted Value
In the context of forecasting DT Midstream'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. DT Midstream's downside and upside margins for the forecasting period are 104.76 and 107.59, respectively. We have considered DT Midstream'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 Regression forecasting method's relative quality and the estimations of the prediction error of DT Midstream stock data series using in forecasting. Note that when a statistical model is used to represent DT Midstream 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 | 119.7707 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.8114 |
| MAPE | Mean absolute percentage error | 0.0204 |
| SAE | Sum of the absolute errors | 110.4928 |
Predictive Modules for DT Midstream
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as DT Midstream. 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 DT Midstream'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 DT Midstream
For every potential investor in DTM, whether a beginner or expert, DT Midstream's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. DTM Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in DTM. Basic forecasting techniques help filter out the noise by identifying DT Midstream's price trends.DT Midstream 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 DT Midstream stock to make a market-neutral strategy. Peer analysis of DT Midstream could also be used in its relative valuation, which is a method of valuing DT Midstream by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
DT Midstream 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 DT Midstream'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 DT Midstream's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
DT Midstream Market Strength Events
Market strength indicators help investors to evaluate how DT Midstream stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DT Midstream shares will generate the highest return on investment. By undertsting and applying DT Midstream stock market strength indicators, traders can identify DT Midstream entry and exit signals to maximize returns.
| Accumulation Distribution | 6489.49 | |||
| Daily Balance Of Power | 0.2263 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 106.47 | |||
| Day Typical Price | 106.35 | |||
| Price Action Indicator | (0.19) | |||
| Period Momentum Indicator | 0.31 | |||
| Relative Strength Index | 87.98 |
DT Midstream Risk Indicators
The analysis of DT Midstream'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 DT Midstream's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dtm 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 | 1.1 | |||
| Semi Deviation | 0.5108 | |||
| Standard Deviation | 1.42 | |||
| Variance | 2.02 | |||
| Downside Variance | 1.1 | |||
| Semi Variance | 0.261 | |||
| Expected Short fall | (1.35) |
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.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of DT Midstream to cross-verify your projections. To learn how to invest in DTM Stock, please use our How to Invest in DT Midstream guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Oil & Gas Storage & Transportation 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 DT Midstream. If investors know DTM 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 DT Midstream 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 2.895 | Earnings Share 4.11 | Revenue Per Share 10.057 | Quarterly Revenue Growth 0.06 |
The market value of DT Midstream is measured differently than its book value, which is the value of DTM that is recorded on the company's balance sheet. Investors also form their own opinion of DT Midstream's value that differs from its market value or its book value, called intrinsic value, which is DT Midstream'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 DT Midstream's market value can be influenced by many factors that don't directly affect DT Midstream'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 DT Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if DT Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DT Midstream'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.