Health Assurance Stock Forecast - Naive Prediction

HAAC
 Stock
  

USD 9.94  0.01  0.10%   

Health Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Health Assurance historical stock prices and determine the direction of Health Assurance Acquisition's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Health Assurance historical fundamentals such as revenue growth or operating cash flow patterns. Although Health Assurance naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Health Assurance Acquisition systematic risk associated with finding meaningful patterns of Health Assurance fundamentals over time.
Please check Historical Fundamental Analysis of Health Assurance to cross-verify your projections.
  

Open Interest Agains t 2022-08-19 Health Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Health Assurance's 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 Health Assurance's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Health Assurance stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Health Assurance's open interest, investors have to compare it to Health Assurance's 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 Health Assurance 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 Health. 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.
Most investors in Health Assurance cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Health Assurance's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Health Assurance's price structures and extracts relationships that further increase the generated results' accuracy.
A naive forecasting model for Health Assurance is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Health Assurance Acquisition value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Health Assurance Naive Prediction Price Forecast For the 13th of August 2022

Given 90 days horizon, the Naive Prediction forecasted value of Health Assurance Acquisition on the next trading day is expected to be 9.94 with a mean absolute deviation of 0.004827, mean absolute percentage error of 0.0000345, and the sum of the absolute errors of 0.29.
Please note that although there have been many attempts to predict Health 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 Health Assurance's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Health Assurance Stock Forecast Pattern

Backtest Health AssuranceHealth Assurance Price PredictionBuy or Sell Advice 

Health Assurance Forecasted Value

In the context of forecasting Health Assurance's 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. Health Assurance's downside and upside margins for the forecasting period are 9.85 and 10.02, respectively. We have considered Health Assurance's 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.
Market Value 9.94
9.94
Expected Value
10.02
Upside

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 Health Assurance stock data series using in forecasting. Note that when a statistical model is used to represent Health Assurance 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.
AICAkaike Information Criteria107.8359
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0048
MAPEMean absolute percentage error5.0E-4
SAESum of the absolute errors0.2944
This model is not at all useful as a medium-long range forecasting tool of Health Assurance Acquisition. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Health Assurance. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Health Assurance

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Health Assurance Acq. Regardless of method or technology, however, to accurately forecast the stock or bond 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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Health Assurance's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Health Assurance in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
9.859.9410.03
Details
Intrinsic
Valuation
LowReal ValueHigh
8.248.3310.93
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Health Assurance. Your research has to be compared to or analyzed against Health Assurance's peers to derive any actionable benefits. When done correctly, Health Assurance's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Health Assurance Acq.

Other Forecasting Options for Health Assurance

For every potential investor in Health, whether a beginner or expert, Health Assurance's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Health Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Health. Basic forecasting techniques help filter out the noise by identifying Health Assurance's price trends.

Health Assurance 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 Health Assurance stock to make a market-neutral strategy. Peer analysis of Health Assurance could also be used in its relative valuation, which is a method of valuing Health Assurance by comparing valuation metrics with similar companies.
KE HoldingsAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpKEURIG DR PEPPERGX Nasdaq-100 CoveredFranklin Mutual EuropeanGARDNER DENVER INCUSA Value FactorBetapro Canadian GoldAramark Holdings CorpLong-Term Govt BondLIFE STORAGE INCMaiden Holdings NorthVistra Energy Corp
 Risk & Return  Correlation

Health Assurance Acq 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 Health Assurance's 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 Health Assurance's current price.

Health Assurance Market Strength Events

Market strength indicators help investors to evaluate how Health Assurance stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Health Assurance shares will generate the highest return on investment. By undertsting and applying Health Assurance stock market strength indicators, traders can identify Health Assurance Acquisition entry and exit signals to maximize returns.

Health Assurance Risk Indicators

The analysis of Health Assurance's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Health Assurance's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Health Assurance stock price, 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.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Health Assurance Investors Sentiment

The influence of Health Assurance's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Health. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Health Assurance Implied Volatility

    
  10.58  
Health Assurance's implied volatility exposes the market's sentiment of Health Assurance Acquisition stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Health Assurance's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Health Assurance stock will not fluctuate a lot when Health Assurance's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Health Assurance in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Health Assurance's short interest history, or implied volatility extrapolated from Health Assurance options trading.

Becoming a Better Investor with Macroaxis

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Please check Historical Fundamental Analysis of Health Assurance to cross-verify your projections. Note that the Health Assurance Acq information on this page should be used as a complementary analysis to other Health Assurance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for Health Stock analysis

When running Health Assurance Acq price analysis, check to measure Health Assurance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Health Assurance is operating at the current time. Most of Health Assurance's value examination focuses on studying past and present price action to predict the probability of Health Assurance's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Health Assurance's price. Additionally, you may evaluate how the addition of Health Assurance to your portfolios can decrease your overall portfolio volatility.
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Is Health Assurance's industry 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 Health Assurance. If investors know Health 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 Health Assurance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
547.9 M
Return On Assets
-0.0077
The market value of Health Assurance Acq is measured differently than its book value, which is the value of Health that is recorded on the company's balance sheet. Investors also form their own opinion of Health Assurance's value that differs from its market value or its book value, called intrinsic value, which is Health Assurance's 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 Health Assurance's market value can be influenced by many factors that don't directly affect Health Assurance's 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 Health Assurance's value and its price as these two are different measures arrived at by different means. Investors typically determine Health Assurance value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Health Assurance's 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.