Omni Health Stock Forecast - Naive Prediction
| OMHE Stock | USD 0.00001 0.00 0.00% |
The Naive Prediction forecasted value of Omni Health on the next trading day is expected to be 0.000001 with a mean absolute deviation of 0.00000041 and the sum of the absolute errors of 0.000025. Omni Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Omni Health stock prices and determine the direction of Omni Health's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Omni Health's historical fundamentals, such as revenue growth or operating cash flow patterns.
Omni |
Omni Health Cash Forecast
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Omni Health's financial statements to predict how it will affect future prices.
Cash | First Reported 2010-12-31 | Previous Quarter 436.2 K | Current Value 458 K | Quarterly Volatility 170.3 K |
Omni Health Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of Omni Health on the next trading day is expected to be 0.000001 with a mean absolute deviation of 0.00000041, mean absolute percentage error of 0, and the sum of the absolute errors of 0.000025.Please note that although there have been many attempts to predict Omni 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 Omni Health's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Omni Health Stock Forecast Pattern
| Backtest Omni Health | Omni Health Price Prediction | Buy or Sell Advice |
Omni Health Forecasted Value
In the context of forecasting Omni 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. Omni Health's downside and upside margins for the forecasting period are 0.000001 and 0.000001, respectively. We have considered Omni 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 Omni Health stock data series using in forecasting. Note that when a statistical model is used to represent Omni 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 | 90.9077 |
| 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 | 0.0 |
Predictive Modules for Omni 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 Omni 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.Other Forecasting Options for Omni Health
For every potential investor in Omni, whether a beginner or expert, Omni Health's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Omni Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Omni. Basic forecasting techniques help filter out the noise by identifying Omni Health's price trends.Omni 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 Omni Health stock to make a market-neutral strategy. Peer analysis of Omni Health could also be used in its relative valuation, which is a method of valuing Omni Health by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Omni Health 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 Omni 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 Omni Health's current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
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| Volume Indicators |
Omni Health Market Strength Events
Market strength indicators help investors to evaluate how Omni 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 Omni Health shares will generate the highest return on investment. By undertsting and applying Omni Health stock market strength indicators, traders can identify Omni Health entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 9223372 T |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Omni Health is a strong investment it is important to analyze Omni Health's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Omni Health's future performance. For an informed investment choice regarding Omni Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Omni Health to cross-verify your projections. For information on how to trade Omni Stock refer to our How to Trade Omni Stock guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Consumer Staples Distribution & Retail space 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 Omni Health. If investors know Omni 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 Omni Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Revenue Growth 36.608 |
The market value of Omni Health is measured differently than its book value, which is the value of Omni that is recorded on the company's balance sheet. Investors also form their own opinion of Omni Health's value that differs from its market value or its book value, called intrinsic value, which is Omni 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 Omni Health's market value can be influenced by many factors that don't directly affect Omni 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 Omni Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Omni Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Omni 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.