Option Care Stock Forecast - Triple Exponential Smoothing
| OPCH Stock | USD 22.49 0.61 2.79% |
The Triple Exponential Smoothing forecasted value of Option Care Health on the next trading day is expected to be 22.34 with a mean absolute deviation of 0.53 and the sum of the absolute errors of 32.03. Option Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Option Care's historical fundamentals, such as revenue growth or operating cash flow patterns.
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Option Care Triple Exponential Smoothing Price Forecast For the 23rd of November
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Option Care Health on the next trading day is expected to be 22.34 with a mean absolute deviation of 0.53, mean absolute percentage error of 1.12, and the sum of the absolute errors of 32.03.Please note that although there have been many attempts to predict Option 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 Option Care's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Option Care Stock Forecast Pattern
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Option Care Forecasted Value
In the context of forecasting Option Care'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. Option Care's downside and upside margins for the forecasting period are 18.87 and 25.81, respectively. We have considered Option Care'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 Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Option Care stock data series using in forecasting. Note that when a statistical model is used to represent Option Care 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 | Huge |
| Bias | Arithmetic mean of the errors | 0.1548 |
| MAD | Mean absolute deviation | 0.5338 |
| MAPE | Mean absolute percentage error | 0.0201 |
| SAE | Sum of the absolute errors | 32.0267 |
Predictive Modules for Option Care
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Option Care 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Option Care's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Option Care
For every potential investor in Option, whether a beginner or expert, Option Care's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Option Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Option. Basic forecasting techniques help filter out the noise by identifying Option Care's price trends.Option Care 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 Option Care stock to make a market-neutral strategy. Peer analysis of Option Care could also be used in its relative valuation, which is a method of valuing Option Care by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Option Care 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 Option Care'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 Option Care's current price.| Cycle Indicators | ||
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Option Care Market Strength Events
Market strength indicators help investors to evaluate how Option Care stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Option Care shares will generate the highest return on investment. By undertsting and applying Option Care stock market strength indicators, traders can identify Option Care Health entry and exit signals to maximize returns.
Option Care Risk Indicators
The analysis of Option Care'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 Option Care's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting option 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 | 1.73 | |||
| Standard Deviation | 3.38 | |||
| Variance | 11.45 |
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.
Currently Active Assets on Macroaxis
When determining whether Option Care Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Option Care's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Option Care Health Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Option Care Health Stock:Check out Historical Fundamental Analysis of Option Care to cross-verify your projections. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Is Health Care Providers & Services 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 Option Care. If investors know Option 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 Option Care listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 1.19 | Revenue Per Share 27.548 | Quarterly Revenue Growth 0.17 | Return On Assets 0.0598 | Return On Equity 0.1457 |
The market value of Option Care Health is measured differently than its book value, which is the value of Option that is recorded on the company's balance sheet. Investors also form their own opinion of Option Care's value that differs from its market value or its book value, called intrinsic value, which is Option Care'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 Option Care's market value can be influenced by many factors that don't directly affect Option Care'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 Option Care's value and its price as these two are different measures arrived at by different means. Investors typically determine if Option Care is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Option Care'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.