Bright Health Stock Forecast - Polynomial Regression
| BHGDelisted Stock | USD 12.29 0.39 3.08% |
The Polynomial Regression forecasted value of Bright Health Group on the next trading day is expected to be 13.77 with a mean absolute deviation of 1.49 and the sum of the absolute errors of 90.77. Bright Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Bright Health's historical fundamentals, such as revenue growth or operating cash flow patterns.
Bright |
Bright Health Polynomial Regression Price Forecast For the 12th of December 2024
Given 90 days horizon, the Polynomial Regression forecasted value of Bright Health Group on the next trading day is expected to be 13.77 with a mean absolute deviation of 1.49, mean absolute percentage error of 4.07, and the sum of the absolute errors of 90.77.Please note that although there have been many attempts to predict Bright 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 Bright Health's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Bright Health Stock Forecast Pattern
| Backtest Bright Health | Bright Health Price Prediction | Buy or Sell Advice |
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Bright Health stock data series using in forecasting. Note that when a statistical model is used to represent Bright 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 | 119.5145 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.488 |
| MAPE | Mean absolute percentage error | 0.1167 |
| SAE | Sum of the absolute errors | 90.771 |
Predictive Modules for Bright 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 Bright Health Group. 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.Bright 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 Bright Health stock to make a market-neutral strategy. Peer analysis of Bright Health could also be used in its relative valuation, which is a method of valuing Bright Health by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Bright Health Market Strength Events
Market strength indicators help investors to evaluate how Bright 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 Bright Health shares will generate the highest return on investment. By undertsting and applying Bright Health stock market strength indicators, traders can identify Bright Health Group entry and exit signals to maximize returns.
Bright Health Risk Indicators
The analysis of Bright 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 Bright Health's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bright 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 | 7.03 | |||
| Semi Deviation | 8.33 | |||
| Standard Deviation | 11.73 | |||
| Variance | 137.54 | |||
| Downside Variance | 82.48 | |||
| Semi Variance | 69.33 | |||
| Expected Short fall | (8.17) |
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.
Currently Active Assets on Macroaxis
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Other Consideration for investing in Bright Stock
If you are still planning to invest in Bright Health Group check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Bright Health's history and understand the potential risks before investing.
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Money Managers Screen money managers from public funds and ETFs managed around the world |