Agilon Health Stock Forecast - Naive Prediction
| AGL Stock | USD 2.13 0.17 7.39% |
The Naive Prediction forecasted value of agilon health on the next trading day is expected to be 2.65 with a mean absolute deviation of 0.18 and the sum of the absolute errors of 11.23. Agilon Stock Forecast is based on your current time horizon. Although Agilon Health's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Agilon Health's systematic risk associated with finding meaningful patterns of Agilon Health fundamentals over time.
Agilon |
Open Interest Against 2024-12-20 Agilon Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Agilon Health'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 in Agilon Health's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Agilon Health 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 Agilon Health's open interest, investors have to compare it to Agilon Health'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 Agilon Health 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 Agilon. 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.
Agilon Health Cash Forecast
To forecast cash or other financial indicators, analysts must employ diverse statistical methods, techniques, and algorithms. This approach allows them to detect underlying patterns in the Agilon Health's financial statements, predicting their influence on future market prices.
Cash | First Reported 2018-12-31 | Previous Quarter 116.3 M | Current Value 148.2 M | Quarterly Volatility 383.9 M |
Agilon Health Naive Prediction Price Forecast For the 5th of December
Given 90 days horizon, the Naive Prediction forecasted value of agilon health on the next trading day is expected to be 2.65 with a mean absolute deviation of 0.18, mean absolute percentage error of 0.05, and the sum of the absolute errors of 11.23.Please note that although there have been many attempts to predict Agilon 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 Agilon Health's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Agilon Health Stock Forecast Pattern
| Backtest Agilon Health | Agilon Health Price Prediction | Buy or Sell Advice |
Agilon Health Forecasted Value
In the context of forecasting Agilon Health'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. Agilon Health's downside and upside margins for the forecasting period are 0.02 and 10.53, respectively. We have considered Agilon Health'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.
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 Agilon Health stock data series using in forecasting. Note that when a statistical model is used to represent Agilon Health 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 | 115.0933 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1841 |
| MAPE | Mean absolute percentage error | 0.0719 |
| SAE | Sum of the absolute errors | 11.2273 |
Predictive Modules for Agilon Health
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as agilon health. 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 Agilon Health
For every potential investor in Agilon, whether a beginner or expert, Agilon Health's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Agilon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Agilon. Basic forecasting techniques help filter out the noise by identifying Agilon Health's price trends.Agilon Health 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 Agilon Health stock to make a market-neutral strategy. Peer analysis of Agilon Health could also be used in its relative valuation, which is a method of valuing Agilon Health by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
agilon health 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 Agilon Health'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 Agilon Health's current price.| Cycle Indicators | ||
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Agilon Health Market Strength Events
Market strength indicators help investors to evaluate how Agilon Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Agilon Health shares will generate the highest return on investment. By undertsting and applying Agilon Health stock market strength indicators, traders can identify agilon health entry and exit signals to maximize returns.
Agilon Health Risk Indicators
The analysis of Agilon Health's 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 Agilon Health's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting agilon 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 | 5.66 | |||
| Standard Deviation | 7.86 | |||
| Variance | 61.85 |
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 Health Care Providers & Services 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 Agilon Health. If investors know Agilon 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 Agilon 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 11.951 | Earnings Share (0.76) | Revenue Per Share 13.717 | Quarterly Revenue Growth 0.276 | Return On Assets (0.1) |
The market value of agilon health is measured differently than its book value, which is the value of Agilon that is recorded on the company's balance sheet. Investors also form their own opinion of Agilon Health's value that differs from its market value or its book value, called intrinsic value, which is Agilon 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 Agilon Health's market value can be influenced by many factors that don't directly affect Agilon 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 Agilon Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agilon Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agilon 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.