Dorman Products Stock Forecast - Naive Prediction
| DORM Stock | USD 121.79 0.55 0.45% |
The Naive Prediction forecasted value of Dorman Products on the next trading day is expected to be 124.86 with a mean absolute deviation of 2.10 and the sum of the absolute errors of 128.37. Dorman Stock Forecast is based on your current time horizon. Although Dorman Products' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Dorman Products' systematic risk associated with finding meaningful patterns of Dorman Products fundamentals over time.
At this time, Dorman Products' Inventory Turnover is very stable compared to the past year. As of the 21st of June 2025, Receivables Turnover is likely to grow to 4.61, while Payables Turnover is likely to drop 4.93. . As of the 21st of June 2025, Common Stock Shares Outstanding is likely to grow to about 37.1 M. Also, Net Income Applicable To Common Shares is likely to grow to about 146.8 M. Open Interest Against 2025-08-15 Dorman Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Dorman Products' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Dorman Products' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Dorman Products stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Dorman Products' open interest, investors have to compare it to Dorman Products' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Dorman Products is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Dorman. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Dorman Products Cash Forecast
Forecasting financial indicators like cash flow involves analysts applying various statistical methods, techniques, and algorithms. These tools reveal hidden trends within the Dorman Products' financial statements to estimate their effects on upcoming price movements.
Cash | First Reported 1991-09-30 | Previous Quarter 57.1 M | Current Value 60.6 M | Quarterly Volatility 50 M |
Dorman Products Naive Prediction Price Forecast For the 22nd of June
Given 90 days horizon, the Naive Prediction forecasted value of Dorman Products on the next trading day is expected to be 124.86 with a mean absolute deviation of 2.10, mean absolute percentage error of 6.46, and the sum of the absolute errors of 128.37.Please note that although there have been many attempts to predict Dorman 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 Dorman Products' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Dorman Products Stock Forecast Pattern
| Backtest Dorman Products | Dorman Products Price Prediction | Buy or Sell Advice |
Dorman Products Forecasted Value
In the context of forecasting Dorman Products' 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. Dorman Products' downside and upside margins for the forecasting period are 122.72 and 127.00, respectively. We have considered Dorman Products' 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 Naive Prediction 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 | 119.976 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.1044 |
| MAPE | Mean absolute percentage error | 0.0172 |
| SAE | Sum of the absolute errors | 128.3657 |
Predictive Modules for Dorman Products
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dorman Products. 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.Other Forecasting Options for Dorman Products
For every potential investor in Dorman, whether a beginner or expert, Dorman Products' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Dorman Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Dorman. Basic forecasting techniques help filter out the noise by identifying Dorman Products' price trends.Dorman Products 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 Dorman Products stock to make a market-neutral strategy. Peer analysis of Dorman Products could also be used in its relative valuation, which is a method of valuing Dorman Products by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Dorman Products 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 Dorman Products' 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 Dorman Products' current price.| Cycle Indicators | ||
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Dorman Products Market Strength Events
Market strength indicators help investors to evaluate how Dorman Products stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Dorman Products shares will generate the highest return on investment. By undertsting and applying Dorman Products stock market strength indicators, traders can identify Dorman Products entry and exit signals to maximize returns.
Dorman Products Risk Indicators
The analysis of Dorman Products' 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 Dorman Products' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dorman 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 | 1.44 | |||
| Standard Deviation | 2.11 | |||
| Variance | 4.43 |
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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Is Automotive Parts & Equipment 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 Dorman Products. If investors know Dorman 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 Dorman Products 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 0.781 | Earnings Share 6.95 | Revenue Per Share | Quarterly Revenue Growth 0.083 | Return On Assets |
The market value of Dorman Products is measured differently than its book value, which is the value of Dorman that is recorded on the company's balance sheet. Investors also form their own opinion of Dorman Products' value that differs from its market value or its book value, called intrinsic value, which is Dorman Products' 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 Dorman Products' market value can be influenced by many factors that don't directly affect Dorman Products' 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 Dorman Products' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dorman Products is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dorman Products' 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.