Community Health Stock Forecast - Accumulation Distribution
| CYH Stock | USD 2.91 0.09 3.00% |
Community Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Community Health stock prices and determine the direction of Community Health Systems's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Community Health's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Community 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 Community Health's systematic risk associated with finding meaningful patterns of Community Health fundamentals over time.
Check out Historical Fundamental Analysis of Community Health to cross-verify your projections. Community |
Open Interest Against 2024-04-19 Community Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Community 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 Community Health's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Community 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 Community Health's open interest, investors have to compare it to Community 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 Community 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 Community. 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 Community 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 Community Health's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Community Health's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Community Health is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Community Health Systems to determine if accumulation or reduction is taking place in the market. This value is adjusted by Community Health trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 61667.26 | 0.0464 |
| Check Community Health Volatility | Backtest Community Health | Information Ratio |
Community Health Trading Date Momentum
| On April 19 2024 Community Health Systems was traded for 2.91 at the closing time. Highest Community Health's price during the trading hours was 3.02 and the lowest price during the day was 2.88 . There was no trading activity during the period 0.0. Lack of trading volume on the 19th of April did not affect price variability. The overall trading delta to current price is 2.41% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Community Health to competition |
Other Forecasting Options for Community Health
For every potential investor in Community, whether a beginner or expert, Community Health's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Community Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Community. Basic forecasting techniques help filter out the noise by identifying Community Health's price trends.Community 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 Community Health stock to make a market-neutral strategy. Peer analysis of Community Health could also be used in its relative valuation, which is a method of valuing Community Health by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Community Health Systems 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 Community 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 Community Health's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Community Health Market Strength Events
Market strength indicators help investors to evaluate how Community 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 Community Health shares will generate the highest return on investment. By undertsting and applying Community Health stock market strength indicators, traders can identify Community Health Systems entry and exit signals to maximize returns.
Community Health Risk Indicators
The analysis of Community 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 Community Health's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting community 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 | 3.47 | |||
| Standard Deviation | 5.32 | |||
| Variance | 28.34 |
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 Community 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 Community 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 Community Health will appreciate offsetting losses from the drop in the long position's value.Moving against Community Stock
| 0.75 | ALC | Alcon AG Financial Report 14th of May 2024 | PairCorr |
| 0.69 | ELMD | Electromed | PairCorr |
| 0.6 | BAX | Baxter International Financial Report 25th of April 2024 | PairCorr |
| 0.56 | HIMS | Hims Hers Health Financial Report 13th of May 2024 | PairCorr |
| 0.48 | HOLX | Hologic Financial Report 6th of May 2024 | PairCorr |
The ability to find closely correlated positions to Community 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 Community 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 Community 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 Community Health Systems to buy it.
The correlation of Community 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 Community Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Community Health Systems 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 Community 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 Community Health to cross-verify your projections. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for Community Stock analysis
When running Community Health's price analysis, check to measure Community 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 Community Health is operating at the current time. Most of Community Health's value examination focuses on studying past and present price action to predict the probability of Community 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 Community Health's price. Additionally, you may evaluate how the addition of Community Health to your portfolios can decrease your overall portfolio volatility.
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Is Community 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 Community Health. If investors know Community 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 Community 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 (0.89) | Earnings Share (1.02) | Revenue Per Share 95.749 | Quarterly Revenue Growth 0.013 | Return On Assets 0.0373 |
The market value of Community Health Systems is measured differently than its book value, which is the value of Community that is recorded on the company's balance sheet. Investors also form their own opinion of Community Health's value that differs from its market value or its book value, called intrinsic value, which is Community 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 Community Health's market value can be influenced by many factors that don't directly affect Community 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 Community Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Community Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Community 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.