Cue Health Stock Volatility Indicators True Range

HLTH
 Stock
  

USD 3.05  0.06  2.01%   

Cue Health volatility indicators tool provides the execution environment for running the True Range indicator and other technical functions against Cue Health. Cue Health value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of volatility indicators indicators. As with most other technical indicators, the True Range indicator function is designed to identify and follow existing trends. Cue Health volatility indicators enable investors to predict price movements based on how different True Range indicators change over time.

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Cue Health volatility developed by Welles Wilder.
.

Cue Health Technical Analysis Modules

Most technical analysis of Cue Health help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Cue Health from various momentum indicators to cycle indicators. When you analyze Cue Health charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Cue Health Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cue Health. We use our internally-developed statistical techniques to arrive at the intrinsic value of Cue Health based on widely used predictive technical indicators. In general, we focus on analyzing Cue Health Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Cue Health's daily price indicators and compare them against related drivers, such as volatility indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Cue Health's intrinsic value. In addition to deriving basic predictive indicators for Cue Health, we also check how macroeconomic factors affect Cue Health price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Cue Health'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 Cue Health in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.153.057.88
Details
Intrinsic
Valuation
LowReal ValueHigh
1.115.9410.77
Details
3 Analysts
Consensus
LowTarget PriceHigh
12.0015.0018.00
Details
Earnings
Estimates (2)
LowProjected EPSHigh
0.400.711.03
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Cue Health. Your research has to be compared to or analyzed against Cue Health's peers to derive any actionable benefits. When done correctly, Cue Health'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 Cue Health.

Learn to be your own money manager

As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.

Did you try this?

Run Portfolio Diagnostics Now

   

Portfolio Diagnostics

Use generated alerts and portfolio events aggregator to diagnose current holdings
All  Next Launch Module

Cue Health pair trading

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 Cue Health 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 Cue Health will appreciate offsetting losses from the drop in the long position's value.

Cue Health Pair Trading

Cue Health Pair Trading Analysis

The ability to find closely correlated positions to Cue Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cue Health 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 Cue Health - 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 Cue Health to buy it.
The correlation of Cue Health 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 Cue Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cue Health 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 Cue Health 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
Please check Risk vs Return Analysis. You can also try Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Complementary Tools for analysis

When running Cue Health price analysis, check to measure Cue Health'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 Cue Health is operating at the current time. Most of Cue Health's value examination focuses on studying past and present price action to predict the probability of Cue Health's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Cue Health's price. Additionally, you may evaluate how the addition of Cue Health to your portfolios can decrease your overall portfolio volatility.
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Is Cue Health'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 Cue Health. If investors know Cue 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 Cue Health 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 YOY
(0.77) 
Market Capitalization
455.8 M
Quarterly Revenue Growth YOY
(0.69) 
Return On Assets
(0.10) 
Return On Equity
(0.21) 
The market value of Cue Health is measured differently than its book value, which is the value of Cue Health that is recorded on the company's balance sheet. Investors also form their own opinion of Cue Health's value that differs from its market value or its book value, called intrinsic value, which is Cue Health'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 Cue Health's market value can be influenced by many factors that don't directly affect Cue Health'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 Cue Health's value and its price as these two are different measures arrived at by different means. Investors typically determine Cue Health value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cue Health'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.