GoHealth Stock Forecast - Daily Balance Of Power
| GOCO Stock | USD 10.07 0.02 0.20% |
GoHealth Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast GoHealth stock prices and determine the direction of GoHealth's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of GoHealth's historical fundamentals, such as revenue growth or operating cash flow patterns. 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.
Check out Historical Fundamental Analysis of GoHealth to cross-verify your projections. GoHealth |
Most investors in GoHealth 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 GoHealth's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets GoHealth's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of GoHealth market sensitivity to bulls and bears. It estimates the ability of GoHealth buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring GoHealth Balance of Power indicator one can determine a trend of the price direction.| Check GoHealth Volatility | Backtest GoHealth | Information Ratio |
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.
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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 | 3.2 | |||
| Standard Deviation | 4.14 | |||
| Variance | 17.1 |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards GoHealth in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, GoHealth's short interest history, or implied volatility extrapolated from GoHealth options trading.
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Try AI Portfolio ArchitectCheck 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.Note that the GoHealth information on this page should be used as a complementary analysis to other GoHealth'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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for GoHealth Stock analysis
When running GoHealth's price analysis, check to measure GoHealth'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 GoHealth is operating at the current time. Most of GoHealth's value examination focuses on studying past and present price action to predict the probability of GoHealth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GoHealth's price. Additionally, you may evaluate how the addition of GoHealth to your portfolios can decrease your overall portfolio volatility.
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Is GoHealth'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 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 (7.19) | Revenue Per Share 79.065 | Quarterly Revenue Growth 2.988 | 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.