Cue Health Stock Forecast - Naive Prediction
Cue Stock outlook is based on your current time horizon. Although Cue 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 Cue Health's systematic risk associated with finding meaningful patterns of Cue Health fundamentals over time.
As of today the relative strength index (rsi) of Cue Health's share price is below 20 . This usually indicates that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Quarterly Revenue Growth (0.59) |
Using Cue Health hype-based prediction, you can estimate the value of Cue Health from the perspective of Cue Health response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Cue Health on the next trading day is expected to be 0.000042 with a mean absolute deviation of 0.00000361 and the sum of the absolute errors of 0.0002. Cue Health after-hype prediction price | USD 0.0 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Cue Health to cross-verify your projections. Cue Health Additional Predictive Modules
Most predictive techniques to examine Cue price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Cue using various technical indicators. When you analyze Cue charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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Cue Health Cash Forecast
Forecasting financial indicators like cash flow involves analysts applying various statistical methods, techniques, and algorithms. These tools reveal hidden trends within the Cue Health's financial statements to estimate their effects on upcoming price movements.
Cash | First Reported 2010-12-31 | Previous Quarter 93 M | Current Value 88.4 M | Quarterly Volatility 108.9 M |
Cue Health Naive Prediction Price Forecast For the 27th of January
Given 90 days horizon, the Naive Prediction forecasted value of Cue Health on the next trading day is expected to be 0.000042 with a mean absolute deviation of 0.00000361, mean absolute percentage error of 0, and the sum of the absolute errors of 0.0002.Please note that although there have been many attempts to predict Cue 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 Cue Health's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Cue Health Stock Forecast Pattern
| Backtest Cue Health | Cue Health Price Prediction | Buy or Sell Advice |
Cue Health Forecasted Value
In the context of forecasting Cue 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. Cue Health's downside and upside margins for the forecasting period are 0.00 and 133.35, respectively. We have considered Cue 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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Cue Health stock data series using in forecasting. Note that when a statistical model is used to represent Cue 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 | 95.283 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 9.223372036854776E14 |
| SAE | Sum of the absolute errors | 2.0E-4 |
Predictive Modules for Cue 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 Cue 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.Cue Health After-Hype Price Density Analysis
As far as predicting the price of Cue Health at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Cue Health or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Cue Health, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Cue Health Estimiated After-Hype Price Volatility
In the context of predicting Cue Health's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Cue Health's historical news coverage. Cue Health's after-hype downside and upside margins for the prediction period are 0.00 and 50.00, respectively. We have considered Cue Health's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Cue Health is out of control at this time. Analysis and calculation of next after-hype price of Cue Health is based on 3 months time horizon.
Cue Health Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Cue Health is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Cue Health backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Cue Health, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
15.79 | 133.35 | 0.00 | 0.03 | 2 Events / Month | 0 Events / Month | In a few days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
0.00 | 0.00 | 0.00 |
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Cue Health Hype Timeline
Cue Health is currently traded for 0.00. The entity stock is not elastic to its hype. The average elasticity to hype of competition is -0.03. Cue is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is currently at 15.79%. %. The volatility of related hype on Cue Health is about 6061363.64%, with the expected price after the next announcement by competition of -0.03. The company recorded a loss per share of 2.13. Cue Health had not issued any dividends in recent years. Assuming the 90 days horizon the next forecasted press release will be in a few days. Check out Historical Fundamental Analysis of Cue Health to cross-verify your projections.Cue Health Related Hype Analysis
Having access to credible news sources related to Cue Health's direct competition is more important than ever and may enhance your ability to predict Cue Health's future price movements. Getting to know how Cue Health's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Cue Health may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| MDVLQ | MedAvail Holdings | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| PARD | Poniard Pharmaceuticals | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| ENCW | Enchanted World | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| CLVR | Clever Leaves Holdings | (0.02) | 1 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| NEXI | Neximmune | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| PPII | Coenzyme A | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| HTGMQ | HTG Molecular Diagnostics | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| NRTSF | Nobilis Health Corp | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| ACUS | Acusphere | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| CRFTF | BC Craft Supply | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Other Forecasting Options for Cue Health
For every potential investor in Cue, whether a beginner or expert, Cue Health's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Cue Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Cue. Basic forecasting techniques help filter out the noise by identifying Cue Health's price trends.Cue 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 Cue Health stock to make a market-neutral strategy. Peer analysis of Cue Health could also be used in its relative valuation, which is a method of valuing Cue Health by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Story Coverage note for Cue Health
The number of cover stories for Cue Health depends on current market conditions and Cue Health's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Cue Health is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Cue Health's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Cue Health Short Properties
Cue Health's future price predictability will typically decrease when Cue Health's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Cue Health often depends not only on the future outlook of the potential Cue Health's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Cue Health's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 152.9 M | |
| Cash And Short Term Investments | 81.7 M |
Additional Tools for Cue Stock Analysis
When running Cue Health's price analysis, check to measure Cue 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 Cue Health is operating at the current time. Most of Cue Health's value examination focuses on studying past and present price action to predict the probability of Cue 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 Cue Health's price. Additionally, you may evaluate how the addition of Cue Health to your portfolios can decrease your overall portfolio volatility.