Astrana Health Stock Forecast - Polynomial Regression

Astrana Health polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Astrana Health as well as the accuracy indicators are determined from the period prices.

Astrana Health Polynomial Regression Price Forecast For the 24th of April

Given 90 days horizon, the Polynomial Regression forecasted value of Astrana Health on the next trading day is expected to be 41.90 with a mean absolute deviation of 0.92, mean absolute percentage error of 1.35, and the sum of the absolute errors of 56.27.

Astrana Health Stock Forecast Pattern

Backtest Astrana Health

Astrana 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 Astrana Health stock data series using in forecasting. Note that when a statistical model is used to represent Astrana 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. A single variable polynomial regression model attempts to put a curve through the Astrana Health historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a₀ + a₁*X + a₂*X² + a₃*X³ + ... + a_m*X^m

Predictive Modules for Astrana 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 Astrana 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.

Hype Prediction Low Estimated High 37.25 40.16 43.07 Details

Intrinsic Valuation Low Real High 30.16 33.07 44.90 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Astrana Health. Your research has to be compared to or analyzed against Astrana Health's peers to derive any actionable benefits. When done correctly, Astrana Health's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Astrana Health.

Astrana Health Related Equities

Risk & Return

Correlation

Astrana Health Market Strength Events

Astrana Health Risk Indicators

Pair Trading with Astrana Health

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 Astrana Health 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 Astrana Health will appreciate offsetting losses from the drop in the long position's value.

Other Consideration for investing in Astrana Stock