Bright Health Group Price on July 17, 2023
BHGDelisted Stock | USD 12.29 0.39 3.08% |
If you're considering investing in Bright Stock, it is important to understand the factors that can impact its price. As of today, the current price of Bright Health stands at 12.29, as last reported on the 11th of December 2024, with the highest price reaching 12.69 and the lowest price hitting 12.10 during the day. We have found twenty-nine technical indicators for Bright Health Group, which you can use to evaluate the volatility of the firm. Please confirm Bright Health's Downside Deviation of 9.08, risk adjusted performance of 0.0375, and Mean Deviation of 7.03 to double-check if the risk estimate we provide is consistent with the expected return of 0.0%.
Bright Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Bright |
Sharpe Ratio = 0.0
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Based on monthly moving average Bright Health is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bright Health by adding Bright Health to a well-diversified portfolio.
Bright Health Valuation on July 17, 2023
It is possible to determine the worth of Bright Health on a given historical date. On July 17, 2023 Bright was worth 12.75 at the beginning of the trading date compared to the closed value of 12.24. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bright Health stock. Still, in general, we apply an absolute valuation method to find Bright Health's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Bright Health where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bright Health's related companies.
Open | High | Low | Close | Volume | |
14.29 | 14.52 | 12.63 | 12.63 | 60,033 | |
07/17/2023 | 12.75 | 13.00 | 12.12 | 12.24 | 30,714 |
12.10 | 12.65 | 11.85 | 11.85 | 73,080 |
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Bright Health Trading Date Momentum on July 17, 2023
On July 18 2023 Bright Health Group was traded for 11.85 at the closing time. Highest Bright Health's price during the trading hours was 12.65 and the lowest price during the day was 11.85 . The net volume was 73.1 K. The overall trading history on the 18th of July 2023 contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 3.19% . The overall trading delta to current price is 3.59% . |
Bright Health Group Fundamentals Correlations and Trends
By evaluating Bright Health's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Bright Health's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bright financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bright Health Stock history
Bright Health investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Bright is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bright Health Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Bright Health stock prices may prove useful in developing a viable investing in Bright Health
Bright Health Group, Inc., a healthcare company, provides health insurance policies in the United States. Bright Health Group, Inc. was incorporated in 2015 and is headquartered in Minneapolis, Minnesota. Bright Health operates under Healthcare Plans classification in the United States and is traded on New York Stock Exchange. It employs 3203 people.
Bright Health Stock Technical Analysis
Bright Health technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, delisted stock market cycles, or different charting patterns.
Price Boundaries
Bright Health Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Bright Health Group cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Bright Health December 11, 2024 Market Strength
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 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bright Health's price direction in advance. Along with the technical and fundamental analysis of Bright Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bright to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.0375 | |||
Jensen Alpha | 0.184 | |||
Total Risk Alpha | (1.41) | |||
Sortino Ratio | 0.0365 | |||
Treynor Ratio | 0.1948 |
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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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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.
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