OneMedNet Corp Stock Forecast - Simple Regression
| ONMD Stock | 0.95 0.04 4.40% |
The Simple Regression forecasted value of OneMedNet Corp on the next trading day is expected to be 0.89 with a mean absolute deviation of 0.08 and the sum of the absolute errors of 4.59. OneMedNet Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast OneMedNet Corp stock prices and determine the direction of OneMedNet Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of OneMedNet Corp's historical fundamentals, such as revenue growth or operating cash flow patterns.
OneMedNet |
OneMedNet Corp Simple Regression Price Forecast For the 30th of November
Given 90 days horizon, the Simple Regression forecasted value of OneMedNet Corp on the next trading day is expected to be 0.89 with a mean absolute deviation of 0.08, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.59.Please note that although there have been many attempts to predict OneMedNet 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 OneMedNet Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
OneMedNet Corp Stock Forecast Pattern
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OneMedNet Corp Forecasted Value
In the context of forecasting OneMedNet Corp'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. OneMedNet Corp's downside and upside margins for the forecasting period are 0.01 and 7.77, respectively. We have considered OneMedNet Corp'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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of OneMedNet Corp stock data series using in forecasting. Note that when a statistical model is used to represent OneMedNet Corp 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 | 113.3202 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0752 |
| MAPE | Mean absolute percentage error | 0.1012 |
| SAE | Sum of the absolute errors | 4.5853 |
Predictive Modules for OneMedNet Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as OneMedNet Corp. 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 OneMedNet Corp
For every potential investor in OneMedNet, whether a beginner or expert, OneMedNet Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. OneMedNet Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in OneMedNet. Basic forecasting techniques help filter out the noise by identifying OneMedNet Corp's price trends.OneMedNet Corp 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 OneMedNet Corp stock to make a market-neutral strategy. Peer analysis of OneMedNet Corp could also be used in its relative valuation, which is a method of valuing OneMedNet Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
OneMedNet Corp 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 OneMedNet Corp'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 OneMedNet Corp's current price.| Cycle Indicators | ||
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OneMedNet Corp Market Strength Events
Market strength indicators help investors to evaluate how OneMedNet Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading OneMedNet Corp shares will generate the highest return on investment. By undertsting and applying OneMedNet Corp stock market strength indicators, traders can identify OneMedNet Corp entry and exit signals to maximize returns.
OneMedNet Corp Risk Indicators
The analysis of OneMedNet Corp'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 OneMedNet Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting onemednet 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 | 4.53 | |||
| Semi Deviation | 5.06 | |||
| Standard Deviation | 6.76 | |||
| Variance | 45.69 | |||
| Downside Variance | 36.32 | |||
| Semi Variance | 25.58 | |||
| Expected Short fall | (7.13) |
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.
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 OneMedNet Corp is a strong investment it is important to analyze OneMedNet Corp'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 OneMedNet Corp's future performance. For an informed investment choice regarding OneMedNet Stock, refer to the following important reports:Check out Historical Fundamental Analysis of OneMedNet Corp to cross-verify your projections. For information on how to trade OneMedNet Stock refer to our How to Trade OneMedNet Stock guide.You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Is Health Care Technology 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 OneMedNet Corp. If investors know OneMedNet 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 OneMedNet Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.98) | Revenue Per Share 0.043 | Quarterly Revenue Growth 0.292 | Return On Assets (0.34) |
The market value of OneMedNet Corp is measured differently than its book value, which is the value of OneMedNet that is recorded on the company's balance sheet. Investors also form their own opinion of OneMedNet Corp's value that differs from its market value or its book value, called intrinsic value, which is OneMedNet Corp'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 OneMedNet Corp's market value can be influenced by many factors that don't directly affect OneMedNet Corp'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 OneMedNet Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if OneMedNet Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OneMedNet Corp'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.