Bausch Health Stock Forecast - 4 Period Moving Average
| BHC Stock | USD 8.63 0.13 1.48% |
The 4 Period Moving Average forecasted value of Bausch Health Companies on the next trading day is expected to be 8.75 with a mean absolute deviation of 0.26 and the sum of the absolute errors of 14.97. Bausch Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Bausch Health stock prices and determine the direction of Bausch Health Companies's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Bausch Health's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Bausch Health's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Bausch Health's systematic risk associated with finding meaningful patterns of Bausch Health fundamentals over time.
Check out Historical Fundamental Analysis of Bausch Health to cross-verify your projections. Bausch |
Open Interest Against 2024-04-19 Bausch Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Bausch Health's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Bausch Health's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Bausch Health stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Bausch Health's open interest, investors have to compare it to Bausch Health's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Bausch Health is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Bausch. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Bausch Health cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Bausch Health's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Bausch Health's price structures and extracts relationships that further increase the generated results' accuracy.
A four-period moving average forecast model for Bausch Health Companies is based on an artificially constructed daily price series in which the value for a given day is replaced by the mean of that value and the values for four preceding and succeeding time periods. This model is best suited to forecast equities with high volatility. Bausch Health 4 Period Moving Average Price Forecast For the 17th of April 2024
Given 90 days horizon, the 4 Period Moving Average forecasted value of Bausch Health Companies on the next trading day is expected to be 8.75 with a mean absolute deviation of 0.26, mean absolute percentage error of 0.12, and the sum of the absolute errors of 14.97.Please note that although there have been many attempts to predict Bausch 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 Bausch Health's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Bausch Health Stock Forecast Pattern
| Backtest Bausch Health | Bausch Health Price Prediction | Buy or Sell Advice |
Bausch Health Forecasted Value
In the context of forecasting Bausch Health'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. Bausch Health's downside and upside margins for the forecasting period are 6.27 and 11.22, respectively. We have considered Bausch Health'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 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Bausch Health stock data series using in forecasting. Note that when a statistical model is used to represent Bausch 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 | 108.6259 |
| Bias | Arithmetic mean of the errors | -0.0243 |
| MAD | Mean absolute deviation | 0.2627 |
| MAPE | Mean absolute percentage error | 0.0285 |
| SAE | Sum of the absolute errors | 14.9725 |
Predictive Modules for Bausch 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 Bausch Health Companies. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bausch Health's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Bausch Health
For every potential investor in Bausch, whether a beginner or expert, Bausch Health's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bausch Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bausch. Basic forecasting techniques help filter out the noise by identifying Bausch Health's price trends.Bausch 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 Bausch Health stock to make a market-neutral strategy. Peer analysis of Bausch Health could also be used in its relative valuation, which is a method of valuing Bausch Health by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Bausch Health Companies 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 Bausch Health'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 Bausch Health's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Bausch Health Market Strength Events
Market strength indicators help investors to evaluate how Bausch 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 Bausch Health shares will generate the highest return on investment. By undertsting and applying Bausch Health stock market strength indicators, traders can identify Bausch Health Companies entry and exit signals to maximize returns.
Bausch Health Risk Indicators
The analysis of Bausch 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 Bausch Health's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bausch 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 | 1.78 | |||
| Semi Deviation | 2.44 | |||
| Standard Deviation | 2.44 | |||
| Variance | 5.97 | |||
| Downside Variance | 6.23 | |||
| Semi Variance | 5.96 | |||
| Expected Short fall | (1.70) |
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 Bausch 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 Bausch 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 Bausch Health will appreciate offsetting losses from the drop in the long position's value.Moving together with Bausch Stock
| 0.76 | A | Agilent Technologies Financial Report 28th of May 2024 | PairCorr |
| 0.78 | DSGN | Design Therapeutics Financial Report 14th of May 2024 | PairCorr |
Moving against Bausch Stock
| 0.75 | BNR | Burning Rock BiotechLtd Financial Report 4th of June 2024 | PairCorr |
| 0.58 | NVS | Novartis AG ADR Earnings Call This Week | PairCorr |
| 0.5 | VRTX | Vertex Pharmaceuticals Financial Report 6th of May 2024 | PairCorr |
| 0.44 | VALN | Valneva SE ADR Financial Report 2nd of May 2024 | PairCorr |
| 0.41 | DNA | Ginkgo Bioworks Holdings Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to Bausch Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bausch Health 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 Bausch Health - 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 Bausch Health Companies to buy it.
The correlation of Bausch Health 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 Bausch Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bausch Health Companies 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 Bausch Health 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 Bausch Health to cross-verify your projections. Note that the Bausch Health Companies information on this page should be used as a complementary analysis to other Bausch Health's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Bausch Stock analysis
When running Bausch Health's price analysis, check to measure Bausch Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bausch Health is operating at the current time. Most of Bausch Health's value examination focuses on studying past and present price action to predict the probability of Bausch Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bausch Health's price. Additionally, you may evaluate how the addition of Bausch Health to your portfolios can decrease your overall portfolio volatility.
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Is Bausch Health's industry 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 Bausch Health. If investors know Bausch 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 Bausch Health 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 1.115 | Earnings Share (1.62) | Revenue Per Share 23.998 | Quarterly Revenue Growth 0.098 | Return On Assets 0.0382 |
The market value of Bausch Health Companies is measured differently than its book value, which is the value of Bausch that is recorded on the company's balance sheet. Investors also form their own opinion of Bausch Health's value that differs from its market value or its book value, called intrinsic value, which is Bausch Health'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 Bausch Health's market value can be influenced by many factors that don't directly affect Bausch Health'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 Bausch Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bausch Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bausch Health'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.