Dorman Products Stock Forward View - Simple Regression
| DORM Stock | USD 101.20 -0.10 -0.1% |
The reference data on this page reflects Simple Regression output applied to Dorman Products's historical daily closing prices. Forecast values and accuracy statistics are presented for informational purposes.
The Simple Regression forecasted value of Dorman Products on the next trading day is expected to be 112.45 with a mean absolute deviation of 5.06 and the sum of the absolute errors of 308.80.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 Dorman Products historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data. The forecast reference data presented here for Dorman Products reflects Simple Regression model output and is intended as reference material for analytical use. Simple Regression Price Forecast For the 19th of March
Given 90 days horizon, the Simple Regression forecasted value of Dorman Products on the next trading day is expected to be 112.45 with a mean absolute deviation of 5.06 , mean absolute percentage error of 41.60 , and the sum of the absolute errors of 308.80 .Please note that although there have been many attempts to predict Dorman 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 Dorman Products' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Dorman Products | Dorman Products Price Prediction | Research Analysis |
Forecasted Value
Forecasting Dorman Products for the next session involves measuring the model's historical ability to define credible downside and upside scenarios. The projected forecast band currently runs from roughly 110.60 on the downside to about 114.29 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 Dorman Products stock data series using in forecasting. Note that when a statistical model is used to represent Dorman Products 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 | 121.8386 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 5.0623 |
| MAPE | Mean absolute percentage error | 0.0422 |
| SAE | Sum of the absolute errors | 308.7994 |
Other Forecasting Options for Dorman Products
Understanding Dorman Products' price movement is a prerequisite for any investor considering Dorman as a position. Dorman Stock price charts are frequently cluttered with noise that can interfere with accurate interpretation.Dorman Products Related Equities
The following equities are related to Dorman Products within the Consumer Discretionary space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Dorman Products 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 |
Dorman Products Market Strength Events
For traders and investors in Dorman Products, market strength indicators offer a quantitative framework for evaluating the stock's responsiveness to market conditions. These tools help identify when trading Dorman Products shares is most likely to generate favorable returns.
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 101.2 | |||
| Day Typical Price | 101.2 | |||
| Price Action Indicator | -0.05 | |||
| Period Momentum Indicator | -0.10 | |||
| Relative Strength Index | 28.16 |
Dorman Products Risk Indicators
Analyzing Dorman Products' risk indicators provides a critical input for price forecasting and investment risk management. By quantifying the risk in Dorman Products' investment, investors can make more informed decisions about their exposure and hedging strategies.
| Mean Deviation | 1.22 | |||
| Standard Deviation | 1.81 | |||
| Variance | 3.26 |
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 Dorman Products
A coverage review of Dorman Products helps investors see when the security is attracting above-average attention from contributors and market observers. A disciplined read of coverage helps investors separate durable relevance from temporary noise.
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Dorman Products Short Properties
A short-interest review of Dorman Products helps investors understand whether skepticism in the market is becoming more influential. The practical goal is to identify when the balance between long and short participation may be changing the quality of the setup.
| Common Stock Shares Outstanding | 30.8 M | |
| Cash And Short Term Investments | 49.4 M |