GoHealth Stock Forecast - Daily Balance Of Power
| GOCO Stock | USD 10.79 0.09 0.84% |
GoHealth Stock Forecast is based on your current time horizon. Although GoHealth's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of GoHealth's systematic risk associated with finding meaningful patterns of GoHealth fundamentals over time.
GoHealth |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.16) | (0.94) |
| Check GoHealth Volatility | Backtest GoHealth | Trend Details |
GoHealth Trading Date Momentum
| On December 05 2024 GoHealth was traded for 10.70 at the closing time. The top price for the day was 11.51 and the lowest listed price was 10.08 . The trading volume for the day was 113.1 K. The trading history from December 5, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 7.04% . The overall trading delta against the current closing price is 7.47% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare GoHealth to competition |
Other Forecasting Options for GoHealth
For every potential investor in GoHealth, whether a beginner or expert, GoHealth's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. GoHealth Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in GoHealth. Basic forecasting techniques help filter out the noise by identifying GoHealth's price trends.GoHealth 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 GoHealth stock to make a market-neutral strategy. Peer analysis of GoHealth could also be used in its relative valuation, which is a method of valuing GoHealth by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
GoHealth 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 GoHealth'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 GoHealth's current price.| Cycle Indicators | ||
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GoHealth Market Strength Events
Market strength indicators help investors to evaluate how GoHealth stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading GoHealth shares will generate the highest return on investment. By undertsting and applying GoHealth stock market strength indicators, traders can identify GoHealth entry and exit signals to maximize returns.
GoHealth Risk Indicators
The analysis of GoHealth'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 GoHealth's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting gohealth 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 | 3.3 | |||
| Semi Deviation | 3.3 | |||
| Standard Deviation | 4.1 | |||
| Variance | 16.77 | |||
| Downside Variance | 12.52 | |||
| Semi Variance | 10.88 | |||
| Expected Short fall | (3.92) |
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.
Pair Trading with GoHealth
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 GoHealth 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 GoHealth will appreciate offsetting losses from the drop in the long position's value.Moving together with GoHealth Stock
| 0.87 | EHTH | eHealth | PairCorr |
| 0.82 | AON | Aon PLC | PairCorr |
| 0.73 | BRO | Brown Brown Fiscal Year End 27th of January 2025 | PairCorr |
Moving against GoHealth Stock
| 0.83 | ERIE | Erie Indemnity | PairCorr |
| 0.67 | RELI | Reliance Global Group | PairCorr |
| 0.58 | ZBAO | Zhibao Technology Class Buyout Trend | PairCorr |
The ability to find closely correlated positions to GoHealth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoHealth 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 GoHealth - 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 GoHealth to buy it.
The correlation of GoHealth is a statistical measure of how it moves in relation to other instruments. 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 GoHealth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoHealth 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 GoHealth 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.Check out Historical Fundamental Analysis of GoHealth to cross-verify your projections. To learn how to invest in GoHealth Stock, please use our How to Invest in GoHealth guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Is Property & Casualty Insurance 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 GoHealth. If investors know GoHealth 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 GoHealth 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 4.241 | Earnings Share (3.29) | Revenue Per Share 69.776 | Quarterly Revenue Growth (0.10) | Return On Assets (0.03) |
The market value of GoHealth is measured differently than its book value, which is the value of GoHealth that is recorded on the company's balance sheet. Investors also form their own opinion of GoHealth's value that differs from its market value or its book value, called intrinsic value, which is GoHealth'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 GoHealth's market value can be influenced by many factors that don't directly affect GoHealth'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 GoHealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoHealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoHealth'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.