Chembio Diagnostics Stock Forecast - Rate Of Daily Change

CEMI
 Stock
  

USD 0.85  0.04  4.49%   

Chembio Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Chembio Diagnostics historical stock prices and determine the direction of Chembio Diagnostics'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 Chembio Diagnostics historical fundamentals such as revenue growth or operating cash flow patterns. Although Chembio Diagnostics naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Chembio Diagnostics systematic risk associated with finding meaningful patterns of Chembio Diagnostics fundamentals over time.
Continue to Historical Fundamental Analysis of Chembio Diagnostics to cross-verify your projections.
  
Chembio Diagnostics Accounts Payable Turnover is most likely to decrease significantly in the upcoming years. The last year's value of Accounts Payable Turnover was reported at 7.10. The current Accrued Expenses Turnover is estimated to increase to 12.83, while Receivables Turnover is projected to decrease to 6.10. . The current Issuance Purchase of Equity Shares is estimated to increase to about 42 M, while Weighted Average Shares is projected to decrease to roughly 20.2 M.

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

Although open interest is a measure utilized in the options markets, it could be used to forecast Chembio Diagnostics' 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 Chembio Diagnostics' options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Chembio Diagnostics 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 Chembio Diagnostics' open interest, investors have to compare it to Chembio Diagnostics' 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 Chembio Diagnostics 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 Chembio. 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.
Chembio Diagnostics has current Rate Of Daily Change of 0.96.
Most investors in Chembio Diagnostics 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 Chembio Diagnostics' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Chembio Diagnostics' price structures and extracts relationships that further increase the generated results' accuracy.
Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of Chembio Diagnostics.
  Previous Rate Of Daily ChangeRate Of Daily ChangeTrend
1.00.96
Check Chembio Diagnostics VolatilityBacktest Chembio DiagnosticsInformation Ratio  

Chembio Diagnostics Trading Date Momentum

On August 11 2022 Chembio Diagnostics was traded for  0.85  at the closing time. The top price for the day was 0.90  and the lowest listed price was  0.84 . The trading volume for the day was 564.2 K. The trading history from August 11, 2022 did not affect price variability. The overall trading delta against the current closing price is 4.71% .
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
Compare Chembio Diagnostics to competition

Other Forecasting Options for Chembio Diagnostics

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

Chembio Diagnostics 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 Chembio Diagnostics stock to make a market-neutral strategy. Peer analysis of Chembio Diagnostics could also be used in its relative valuation, which is a method of valuing Chembio Diagnostics by comparing valuation metrics with similar companies.
Agilent TechnologiesPaypal HoldingsBlock IncApple IncAllovirUnited Parcel ServiceSalesforceChevron CorpAmerican ExpressVerizon CommunicationsAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpKEURIG DR PEPPERGX Nasdaq-100 Covered
 Risk & Return  Correlation

Chembio Diagnostics 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 Chembio Diagnostics' 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 Chembio Diagnostics' current price.

Chembio Diagnostics Market Strength Events

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

Chembio Diagnostics Risk Indicators

The analysis of Chembio Diagnostics' 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 Chembio Diagnostics' investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Chembio Diagnostics 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Chembio Diagnostics without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Fundamentals Comparison

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Pair Trading with Chembio Diagnostics

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Chembio Diagnostics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Chembio Diagnostics will appreciate offsetting losses from the drop in the long position's value.

Moving together with Chembio Diagnostics

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Moving against Chembio Diagnostics

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0.6ABCAmerisourcebergen Corp Fiscal Year End 3rd of November 2022 PairCorr
The ability to find closely correlated positions to Chembio Diagnostics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chembio Diagnostics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Chembio Diagnostics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Chembio Diagnostics to buy it.
The correlation of Chembio Diagnostics is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chembio Diagnostics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chembio Diagnostics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Chembio Diagnostics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Historical Fundamental Analysis of Chembio Diagnostics to cross-verify your projections. Note that the Chembio Diagnostics information on this page should be used as a complementary analysis to other Chembio Diagnostics' 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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When running Chembio Diagnostics price analysis, check to measure Chembio Diagnostics' 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 Chembio Diagnostics is operating at the current time. Most of Chembio Diagnostics' value examination focuses on studying past and present price action to predict the probability of Chembio Diagnostics' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Chembio Diagnostics' price. Additionally, you may evaluate how the addition of Chembio Diagnostics to your portfolios can decrease your overall portfolio volatility.
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Is Chembio Diagnostics' 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 Chembio Diagnostics. If investors know Chembio 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 Chembio Diagnostics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
27.2 M
Quarterly Revenue Growth YOY
0.42
Return On Assets
-0.3
Return On Equity
-2.06
The market value of Chembio Diagnostics is measured differently than its book value, which is the value of Chembio that is recorded on the company's balance sheet. Investors also form their own opinion of Chembio Diagnostics' value that differs from its market value or its book value, called intrinsic value, which is Chembio Diagnostics' 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 Chembio Diagnostics' market value can be influenced by many factors that don't directly affect Chembio Diagnostics' 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 Chembio Diagnostics' value and its price as these two are different measures arrived at by different means. Investors typically determine Chembio Diagnostics value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chembio Diagnostics' 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.