AMN Healthcare Stock Forecast - 20 Period Moving Average
| AMN Stock | USD 26.03 0.26 0.99% |
The 20 Period Moving Average forecasted value of AMN Healthcare Services on the next trading day is expected to be 28.76 with a mean absolute deviation of 4.40 and the sum of the absolute errors of 180.21. AMN Stock Forecast is based on your current time horizon. Although AMN Healthcare's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of AMN Healthcare's systematic risk associated with finding meaningful patterns of AMN Healthcare fundamentals over time.
AMN |
AMN Healthcare 20 Period Moving Average Price Forecast For the 30th of November
Given 90 days horizon, the 20 Period Moving Average forecasted value of AMN Healthcare Services on the next trading day is expected to be 28.76 with a mean absolute deviation of 4.40, mean absolute percentage error of 36.74, and the sum of the absolute errors of 180.21.Please note that although there have been many attempts to predict AMN 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 AMN Healthcare's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
AMN Healthcare Stock Forecast Pattern
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AMN Healthcare Forecasted Value
In the context of forecasting AMN Healthcare'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. AMN Healthcare's downside and upside margins for the forecasting period are 23.74 and 33.78, respectively. We have considered AMN Healthcare'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 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of AMN Healthcare stock data series using in forecasting. Note that when a statistical model is used to represent AMN Healthcare 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 | 84.9568 |
| Bias | Arithmetic mean of the errors | 4.1419 |
| MAD | Mean absolute deviation | 4.3953 |
| MAPE | Mean absolute percentage error | 0.1571 |
| SAE | Sum of the absolute errors | 180.2055 |
Predictive Modules for AMN Healthcare
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as AMN Healthcare Services. 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 AMN Healthcare
For every potential investor in AMN, whether a beginner or expert, AMN Healthcare's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. AMN Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in AMN. Basic forecasting techniques help filter out the noise by identifying AMN Healthcare's price trends.AMN Healthcare 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 AMN Healthcare stock to make a market-neutral strategy. Peer analysis of AMN Healthcare could also be used in its relative valuation, which is a method of valuing AMN Healthcare by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
AMN Healthcare Services 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 AMN Healthcare'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 AMN Healthcare's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
AMN Healthcare Market Strength Events
Market strength indicators help investors to evaluate how AMN Healthcare stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AMN Healthcare shares will generate the highest return on investment. By undertsting and applying AMN Healthcare stock market strength indicators, traders can identify AMN Healthcare Services entry and exit signals to maximize returns.
| Accumulation Distribution | 11166.08 | |||
| Daily Balance Of Power | (0.43) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 26.13 | |||
| Day Typical Price | 26.1 | |||
| Price Action Indicator | (0.23) | |||
| Period Momentum Indicator | (0.26) | |||
| Relative Strength Index | 21.12 |
AMN Healthcare Risk Indicators
The analysis of AMN Healthcare'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 AMN Healthcare's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting amn 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 | 2.93 | |||
| Standard Deviation | 4.95 | |||
| Variance | 24.48 |
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.
When determining whether AMN Healthcare Services offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AMN Healthcare's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Amn Healthcare Services Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Amn Healthcare Services Stock: Check out Historical Fundamental Analysis of AMN Healthcare to cross-verify your projections. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
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 AMN Healthcare. If investors know AMN 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 AMN Healthcare 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 (0.87) | Earnings Share 1.43 | Revenue Per Share 80.434 | Quarterly Revenue Growth (0.19) | Return On Assets 0.0315 |
The market value of AMN Healthcare Services is measured differently than its book value, which is the value of AMN that is recorded on the company's balance sheet. Investors also form their own opinion of AMN Healthcare's value that differs from its market value or its book value, called intrinsic value, which is AMN Healthcare'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 AMN Healthcare's market value can be influenced by many factors that don't directly affect AMN Healthcare'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 AMN Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if AMN Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AMN Healthcare'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.