Performant Healthcare Stock Forward View
| PHLTDelisted Stock | 7.75 0.00 0.00% |
Performant Stock outlook is based on your current time horizon.
At this time The value of RSI of Performant Healthcare's share price is above 80 indicating that the stock is significantly overbought by investors. 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 89
Buy Peaked
Oversold | Overbought |
Using Performant Healthcare hype-based prediction, you can estimate the value of Performant Healthcare from the perspective of Performant Healthcare response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Performant Healthcare on the next trading day is expected to be 8.34 with a mean absolute deviation of 0.24 and the sum of the absolute errors of 14.94. Performant Healthcare after-hype prediction price | USD 7.75 |
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 delisted stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Performant |
Performant Healthcare Additional Predictive Modules
Most predictive techniques to examine Performant price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Performant using various technical indicators. When you analyze Performant 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Performant Healthcare Naive Prediction Price Forecast For the 2nd of February
Given 90 days horizon, the Naive Prediction forecasted value of Performant Healthcare on the next trading day is expected to be 8.34 with a mean absolute deviation of 0.24, mean absolute percentage error of 0.17, and the sum of the absolute errors of 14.94.Please note that although there have been many attempts to predict Performant 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 Performant Healthcare's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Performant Healthcare Stock Forecast Pattern
| Backtest Performant Healthcare | Performant Healthcare Price Prediction | Buy or Sell Advice |
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 Performant Healthcare stock data series using in forecasting. Note that when a statistical model is used to represent Performant Healthcare 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 | 116.3536 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.245 |
| MAPE | Mean absolute percentage error | 0.0388 |
| SAE | Sum of the absolute errors | 14.9439 |
Predictive Modules for Performant Healthcare
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Performant Healthcare. 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.Performant Healthcare After-Hype Price Density Analysis
As far as predicting the price of Performant Healthcare 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 Performant Healthcare 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 Performant Healthcare, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Performant Healthcare Estimiated After-Hype Price Volatility
In the context of predicting Performant Healthcare's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Performant Healthcare's historical news coverage. Performant Healthcare's after-hype downside and upside margins for the prediction period are 7.75 and 7.75, respectively. We have considered Performant Healthcare'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
Performant Healthcare is very steady at this time. Analysis and calculation of next after-hype price of Performant Healthcare is based on 3 months time horizon.
Performant Healthcare Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Performant Healthcare is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Performant Healthcare 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 Delisted 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 Performant Healthcare, 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 |
0.00 | 0.00 | 0.00 | 0.00 | 0 Events / Month | 5 Events / Month | Within a week |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
7.75 | 7.75 | 0.00 |
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Performant Healthcare Hype Timeline
Performant Healthcare is at this time traded for 7.75. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Performant is expected 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 expected to be very small, whereas the daily expected return is at this time at 0.0%. %. The volatility of related hype on Performant Healthcare is about 0.0%, with the expected price after the next announcement by competition of 7.75. About 88.0% of the company shares are owned by institutional investors. The company recorded a loss per share of 0.01. Performant Healthcare had not issued any dividends in recent years. Given the investment horizon of 90 days the next expected press release will be within a week. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.Performant Healthcare Related Hype Analysis
Having access to credible news sources related to Performant Healthcare's direct competition is more important than ever and may enhance your ability to predict Performant Healthcare's future price movements. Getting to know how Performant Healthcare'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 Performant Healthcare may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| PSFE | Paysafe | 0.05 | 7 per month | 0.00 | (0.18) | 4.29 | (5.16) | 31.29 | |
| IBEX | IBEX | 0.31 | 7 per month | 0.00 | (0.03) | 2.60 | (3.06) | 8.63 | |
| HCKT | The Hackett Group | 0.00 | 0 per month | 1.20 | 0.02 | 2.91 | (1.94) | 10.46 | |
| TSSI | TSS Common Stock | 0.00 | 0 per month | 0.00 | (0.09) | 8.56 | (7.95) | 45.57 | |
| TLS | Telos Corp | (0.06) | 17 per month | 0.00 | (0.06) | 4.85 | (5.45) | 37.35 | |
| LZMH | LZ Technology Holdings | 0.34 | 20 per month | 0.00 | (0.15) | 5.38 | (15.48) | 58.11 | |
| GDYN | Grid Dynamics Holdings | (0.16) | 16 per month | 2.45 | 0.01 | 5.80 | (4.18) | 27.91 | |
| POET | POET Technologies | (0.15) | 10 per month | 0.00 | (0.03) | 12.24 | (9.85) | 45.50 | |
| SPT | Sprout Social | 0.00 | 0 per month | 0.00 | (0.08) | 4.85 | (5.32) | 15.22 | |
| ARQQ | Arqit Quantum | 0.71 | 8 per month | 0.00 | (0.21) | 7.11 | (9.81) | 21.99 |
Performant Healthcare 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 Performant Healthcare stock to make a market-neutral strategy. Peer analysis of Performant Healthcare could also be used in its relative valuation, which is a method of valuing Performant Healthcare by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Performant Healthcare Market Strength Events
Market strength indicators help investors to evaluate how Performant Healthcare stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Performant Healthcare shares will generate the highest return on investment. By undertsting and applying Performant Healthcare stock market strength indicators, traders can identify Performant Healthcare entry and exit signals to maximize returns.
Story Coverage note for Performant Healthcare
The number of cover stories for Performant Healthcare depends on current market conditions and Performant Healthcare's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Performant Healthcare 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 Performant Healthcare'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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Performant Healthcare Short Properties
Performant Healthcare's future price predictability will typically decrease when Performant Healthcare's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Performant Healthcare often depends not only on the future outlook of the potential Performant Healthcare'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. Performant Healthcare's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 77.5 M | |
| Cash And Short Term Investments | 9.3 M |
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Other Consideration for investing in Performant Stock
If you are still planning to invest in Performant Healthcare check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Performant Healthcare's history and understand the potential risks before investing.
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