Health Catalyst Stock Forecast - Accumulation Distribution
| HCAT Stock | USD 6.63 0.12 1.84% |
Health Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Health Catalyst stock prices and determine the direction of Health Catalyst's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Health Catalyst's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Health Catalyst's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Health Catalyst's systematic risk associated with finding meaningful patterns of Health Catalyst fundamentals over time.
Check out Historical Fundamental Analysis of Health Catalyst to cross-verify your projections. Health |
Open Interest Against 2024-06-21 Health Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Health Catalyst'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 Health Catalyst's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Health Catalyst 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 Health Catalyst's open interest, investors have to compare it to Health Catalyst'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 Health Catalyst 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 Health. 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 Health Catalyst 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 Health Catalyst's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Health Catalyst's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Health Catalyst is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Health Catalyst to determine if accumulation or reduction is taking place in the market. This value is adjusted by Health Catalyst trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 43618.16 | 56744.33 |
| Check Health Catalyst Volatility | Backtest Health Catalyst | Trend Details |
Health Catalyst Trading Date Momentum
| On May 01 2024 Health Catalyst was traded for 6.31 at the closing time. The top price for the day was 6.46 and the lowest listed price was 6.17 . The trading volume for the day was 419.3 K. The trading history from May 1, 2024 was a factor to the next trading day price appreciation. The trading delta at closing time against the next closing price was 1.45% . The trading delta at closing time against the current closing price is 5.63% . |
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 Health Catalyst to competition |
Other Forecasting Options for Health Catalyst
For every potential investor in Health, whether a beginner or expert, Health Catalyst's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Health Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Health. Basic forecasting techniques help filter out the noise by identifying Health Catalyst's price trends.Health Catalyst 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 Health Catalyst stock to make a market-neutral strategy. Peer analysis of Health Catalyst could also be used in its relative valuation, which is a method of valuing Health Catalyst by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Health Catalyst 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 Health Catalyst'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 Health Catalyst's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Health Catalyst Market Strength Events
Market strength indicators help investors to evaluate how Health Catalyst stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Health Catalyst shares will generate the highest return on investment. By undertsting and applying Health Catalyst stock market strength indicators, traders can identify Health Catalyst entry and exit signals to maximize returns.
Health Catalyst Risk Indicators
The analysis of Health Catalyst'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 Health Catalyst's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting health 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 | 2.61 | |||
| Standard Deviation | 3.35 | |||
| Variance | 11.21 |
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 Health Catalyst
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 Health Catalyst 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 Health Catalyst will appreciate offsetting losses from the drop in the long position's value.Moving together with Health Stock
| 0.73 | LH | Laboratory | PairCorr |
The ability to find closely correlated positions to Health Catalyst could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Health Catalyst 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 Health Catalyst - 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 Health Catalyst to buy it.
The correlation of Health Catalyst 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 Health Catalyst moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Health Catalyst 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 Health Catalyst 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 Health Catalyst to cross-verify your projections. For more information on how to buy Health Stock please use our How to Invest in Health Catalyst guide.Note that the Health Catalyst information on this page should be used as a complementary analysis to other Health Catalyst'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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Health Stock analysis
When running Health Catalyst's price analysis, check to measure Health Catalyst'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 Health Catalyst is operating at the current time. Most of Health Catalyst's value examination focuses on studying past and present price action to predict the probability of Health Catalyst's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Health Catalyst's price. Additionally, you may evaluate how the addition of Health Catalyst to your portfolios can decrease your overall portfolio volatility.
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Is Health Catalyst'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 Health Catalyst. If investors know Health 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 Health Catalyst listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.84) | Revenue Per Share 5.189 | Quarterly Revenue Growth 0.012 | Return On Assets (0.07) | Return On Equity (0.28) |
The market value of Health Catalyst is measured differently than its book value, which is the value of Health that is recorded on the company's balance sheet. Investors also form their own opinion of Health Catalyst's value that differs from its market value or its book value, called intrinsic value, which is Health Catalyst'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 Health Catalyst's market value can be influenced by many factors that don't directly affect Health Catalyst'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 Health Catalyst's value and its price as these two are different measures arrived at by different means. Investors typically determine if Health Catalyst is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Health Catalyst'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.