DraftKings Stock Forward View - Simple Exponential Smoothing
| DKNG Stock | USD 27.42 0.09 0.33% |
DraftKings Stock outlook is based on your current time horizon. We suggest always using this module together with an analysis of DraftKings' historical fundamentals, such as revenue growth or operating cash flow patterns.
As of 2nd of February 2026, the value of RSI of DraftKings' share price is approaching 36 suggesting that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling DraftKings, making its price go up or down. Momentum 36
Sell Extended
Oversold | Overbought |
Using DraftKings hype-based prediction, you can estimate the value of DraftKings from the perspective of DraftKings response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of DraftKings on the next trading day is expected to be 27.48 with a mean absolute deviation of 0.71 and the sum of the absolute errors of 42.50. DraftKings after-hype prediction price | USD 27.42 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
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DraftKings Additional Predictive Modules
Most predictive techniques to examine DraftKings price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for DraftKings using various technical indicators. When you analyze DraftKings charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
DraftKings Simple Exponential Smoothing Price Forecast For the 3rd of February
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of DraftKings on the next trading day is expected to be 27.48 with a mean absolute deviation of 0.71, mean absolute percentage error of 0.89, and the sum of the absolute errors of 42.50.Please note that although there have been many attempts to predict DraftKings Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that DraftKings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
DraftKings Stock Forecast Pattern
| Backtest DraftKings | DraftKings Price Prediction | Research Analysis |
DraftKings Forecasted Value
In the context of forecasting DraftKings' 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. DraftKings' downside and upside margins for the forecasting period are 24.49 and 30.46, respectively. We have considered DraftKings' 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 Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of DraftKings stock data series using in forecasting. Note that when a statistical model is used to represent DraftKings 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 | 116.1523 |
| Bias | Arithmetic mean of the errors | 0.0218 |
| MAD | Mean absolute deviation | 0.7084 |
| MAPE | Mean absolute percentage error | 0.022 |
| SAE | Sum of the absolute errors | 42.5022 |
Predictive Modules for DraftKings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as DraftKings. 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.DraftKings After-Hype Price Density Analysis
As far as predicting the price of DraftKings at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in DraftKings or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of DraftKings, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
DraftKings Estimiated After-Hype Price Volatility
In the context of predicting DraftKings' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on DraftKings' historical news coverage. DraftKings' after-hype downside and upside margins for the prediction period are 24.44 and 30.40, respectively. We have considered DraftKings' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
DraftKings is very steady at this time. Analysis and calculation of next after-hype price of DraftKings is based on 3 months time horizon.
DraftKings Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as DraftKings is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading DraftKings backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with DraftKings, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.03 | 2.98 | 0.00 | 0.00 | 0 Events / Month | 2 Events / Month | In a few days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
27.42 | 27.42 | 0.00 |
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DraftKings Hype Timeline
DraftKings is currently traded for 27.42. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. DraftKings is estimated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is estimated to be very small, whereas the daily expected return is currently at -0.03%. %. The volatility of related hype on DraftKings is about 4382.35%, with the expected price after the next announcement by competition of 27.42. About 85.0% of the company shares are held by institutions such as insurance companies. The company has Price/Earnings To Growth (PEG) ratio of 0.67. DraftKings recorded a loss per share of 0.5. The entity had not issued any dividends in recent years. The firm had 1:1 split on the 5th of May 2022. Given the investment horizon of 90 days the next estimated press release will be in a few days. Check out Historical Fundamental Analysis of DraftKings to cross-verify your projections.DraftKings Related Hype Analysis
Having access to credible news sources related to DraftKings' direct competition is more important than ever and may enhance your ability to predict DraftKings' future price movements. Getting to know how DraftKings' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how DraftKings may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| WYNN | Wynn Resorts Limited | 0.00 | 0 per month | 0.00 | (0.12) | 3.04 | (2.67) | 7.85 | |
| HMC | Honda Motor Co | 0.00 | 0 per month | 0.00 | (0.04) | 2.85 | (1.97) | 6.42 | |
| W | Wayfair | 0.09 | 3 per month | 2.99 | 0.03 | 6.12 | (4.68) | 16.13 | |
| RIVN | Rivian Automotive | 0.00 | 0 per month | 2.96 | 0.06 | 10.70 | (6.11) | 31.17 | |
| YUMC | Yum China Holdings | 0.00 | 0 per month | 1.18 | 0.11 | 2.76 | (2.13) | 5.51 | |
| NIO | Nio Class A | 0.00 | 0 per month | 0.00 | (0.27) | 3.92 | (5.45) | 11.98 | |
| MGA | Magna International | 0.00 | 0 per month | 1.39 | 0.03 | 2.55 | (2.63) | 8.84 | |
| DPZ | Dominos Pizza Common | 0.00 | 0 per month | 1.34 | (0.02) | 2.68 | (2.15) | 6.97 | |
| BBY | Best Buy Co | (0.86) | 12 per month | 0.00 | (0.20) | 3.36 | (2.85) | 10.22 | |
| PKG | Packaging Corp of | 0.09 | 3 per month | 1.31 | 0.11 | 2.94 | (1.91) | 8.20 |
Other Forecasting Options for DraftKings
For every potential investor in DraftKings, whether a beginner or expert, DraftKings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. DraftKings Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in DraftKings. Basic forecasting techniques help filter out the noise by identifying DraftKings' price trends.DraftKings 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 DraftKings stock to make a market-neutral strategy. Peer analysis of DraftKings could also be used in its relative valuation, which is a method of valuing DraftKings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
DraftKings Market Strength Events
Market strength indicators help investors to evaluate how DraftKings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DraftKings shares will generate the highest return on investment. By undertsting and applying DraftKings stock market strength indicators, traders can identify DraftKings entry and exit signals to maximize returns.
| Accumulation Distribution | 469476.0 | |||
| Daily Balance Of Power | (0.12) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 27.74 | |||
| Day Typical Price | 27.63 | |||
| Price Action Indicator | (0.36) | |||
| Period Momentum Indicator | (0.09) | |||
| Relative Strength Index | 36.72 |
DraftKings Risk Indicators
The analysis of DraftKings' 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 DraftKings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting draftkings 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 | 2.12 | |||
| Standard Deviation | 2.98 | |||
| Variance | 8.89 |
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.
Story Coverage note for DraftKings
The number of cover stories for DraftKings depends on current market conditions and DraftKings' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that DraftKings is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about DraftKings' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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DraftKings Short Properties
DraftKings' future price predictability will typically decrease when DraftKings' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of DraftKings often depends not only on the future outlook of the potential DraftKings' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. DraftKings' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 482 M | |
| Cash And Short Term Investments | 788.3 M |
Check out Historical Fundamental Analysis of DraftKings to cross-verify your projections. For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Can Stock industry sustain growth momentum? Does DraftKings have expansion opportunities? Factors like these will boost the valuation of DraftKings. Projected growth potential of DraftKings fundamentally drives upward valuation adjustments. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating DraftKings demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Understanding DraftKings requires distinguishing between market price and book value, where the latter reflects DraftKings's accounting equity. The concept of intrinsic value—what DraftKings' is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Market sentiment, economic cycles, and investor behavior can push DraftKings' price substantially above or below its fundamental value.
It's important to distinguish between DraftKings' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding DraftKings should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, DraftKings' trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.