DigitalOcean Holdings Stock Forward View - Simple Regression
| DOCN Stock | USD 82.48 4.89 6.30% |
The Simple Regression forecast reference data for DigitalOcean Holdings is based on the equity's recent trading history. This page summarizes the model output and key accuracy metrics for reference.
The Simple Regression forecasted value of DigitalOcean Holdings on the next trading day is expected to be 69.21 with a mean absolute deviation of 3.77 and the sum of the absolute errors of 233.60.In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as DigitalOcean Holdings historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data. All Simple Regression forecast figures shown for DigitalOcean Holdings are reference data reflecting model output based on available historical prices. Simple Regression Price Forecast For the 20th of March
Given 90 days horizon, the Simple Regression forecasted value of DigitalOcean Holdings on the next trading day is expected to be 69.21 with a mean absolute deviation of 3.77 , mean absolute percentage error of 27.51 , and the sum of the absolute errors of 233.60 .Please note that although there have been many attempts to predict DigitalOcean 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 DigitalOcean Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest DigitalOcean Holdings | DigitalOcean Holdings Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for DigitalOcean Holdings uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. At the moment, the model places downside around 64.71 and upside around 73.71 for the forecasting period.
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 DigitalOcean Holdings stock data series using in forecasting. Note that when a statistical model is used to represent DigitalOcean Holdings 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 | 123.2628 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 3.7678 |
| MAPE | Mean absolute percentage error | 0.0622 |
| SAE | Sum of the absolute errors | 233.6029 |
Other Forecasting Options for DigitalOcean Holdings
Whether a novice or experienced investor, anyone considering DigitalOcean needs to understand the dynamics of DigitalOcean Holdings' price movement. Price charts for DigitalOcean Stock contain a significant amount of noise that can distort investment decisions.DigitalOcean Holdings Related Equities
The following equities are related to DigitalOcean Holdings within the Information Technology space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing DigitalOcean Holdings against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |
DigitalOcean Holdings Market Strength Events
Analyzing market strength indicators for DigitalOcean Holdings enables investors to understand how the stock performs relative to overall market momentum. These indicators are valuable tools for identifying when to enter or exit positions in DigitalOcean Holdings.
DigitalOcean Holdings Risk Indicators
Identifying and analyzing DigitalOcean Holdings' key risk indicators is a foundational step in projecting how its price may evolve. This process helps investors quantify the risk associated with DigitalOcean Holdings' and decide how to manage it.
| Mean Deviation | 3.58 | |||
| Semi Deviation | 3.32 | |||
| Standard Deviation | 4.43 | |||
| Variance | 19.63 | |||
| Downside Variance | 13.84 | |||
| Semi Variance | 11.0 | |||
| Expected Short fall | -4.32 |
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 DigitalOcean Holdings
The amount of media and story coverage tied to DigitalOcean Holdings can signal where market attention is concentrating at the moment. This is most useful when investors want to understand why a security is suddenly drawing more public discussion.
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DigitalOcean Holdings Short Properties
Reviewing short-oriented indicators for DigitalOcean Holdings is useful because long and short participants often create very different signals for timing and volatility. The stronger read compares short sentiment with trend behavior, volume, and the broader market narrative.
| Common Stock Shares Outstanding | 105.3 M | |
| Cash And Short Term Investments | 254.5 M |