DocuSign Stock Forward View - Simple Regression
| DOCU Stock | USD 47.50 -0.04 -0.08% |
The Simple Regression forecast reference data for DocuSign 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 DocuSign on the next trading day is expected to be 39.28 with a mean absolute deviation of 3.78 and the sum of the absolute errors of 230.41.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 DocuSign 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 DocuSign are reference data reflecting model output based on available historical prices. Simple Regression Price Forecast For the 19th of March
Given 90 days horizon, the Simple Regression forecasted value of DocuSign on the next trading day is expected to be 39.28 with a mean absolute deviation of 3.78 , mean absolute percentage error of 19.99 , and the sum of the absolute errors of 230.41 .Please note that although there have been many attempts to predict DocuSign 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 DocuSign's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
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Forecasted Value
The next-day forecast for DocuSign focuses on identifying predictive downside and upside bands that can frame a realistic trading range. The projected forecast band currently runs from roughly 36.29 on the downside to about 42.28 on the upside.
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 DocuSign stock data series using in forecasting. Note that when a statistical model is used to represent DocuSign 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 | 121.1055 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 3.7773 |
| MAPE | Mean absolute percentage error | 0.0746 |
| SAE | Sum of the absolute errors | 230.4123 |
Other Forecasting Options for DocuSign
Whether a novice or experienced investor, anyone considering DocuSign needs to understand the dynamics of DocuSign's price movement. Price charts for DocuSign Stock contain a significant amount of noise that can distort investment decisions.DocuSign Related Equities
The following equities are related to DocuSign within the Information Technology space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing DocuSign 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 |
DocuSign Market Strength Events
Analyzing market strength indicators for DocuSign 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 DocuSign.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 47.5 | |||
| Day Typical Price | 47.5 | |||
| Price Action Indicator | -0.02 | |||
| Period Momentum Indicator | -0.04 | |||
| Relative Strength Index | 41.06 |
DocuSign Risk Indicators
Identifying and analyzing DocuSign's key risk indicators is a foundational step in projecting how its price may evolve. This process helps investors quantify the risk associated with DocuSign's and decide how to manage it.
| Mean Deviation | 2.16 | |||
| Standard Deviation | 2.96 | |||
| Variance | 8.78 |
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 DocuSign
Story coverage around DocuSign often expands when market conditions, narrative momentum, or risk-adjusted performance make the security more visible to investors. A disciplined read of coverage helps investors separate durable relevance from temporary noise.
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DocuSign Short Properties
Reviewing short-oriented indicators for DocuSign is useful because long and short participants often create very different signals for timing and volatility. Used correctly, these measures can help investors decide when hedging or timing discipline may matter more than conviction alone.
| Common Stock Shares Outstanding | 210.3 M | |
| Cash And Short Term Investments | 963.5 M |
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