R1 RCM Stock Forecast - Naive Prediction
| RCM Stock | USD 14.31 0.01 0.07% |
The Naive Prediction forecasted value of R1 RCM Inc on the next trading day is expected to be 14.32 with a mean absolute deviation of 0.01 and the sum of the absolute errors of 0.62. RCM Stock Forecast is based on your current time horizon. Although R1 RCM's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of R1 RCM's systematic risk associated with finding meaningful patterns of R1 RCM fundamentals over time.
RCM |
R1 RCM Cash Forecast
Forecasting financial indicators like cash flow involves analysts applying various statistical methods, techniques, and algorithms. These tools reveal hidden trends within the R1 RCM's financial statements to estimate their effects on upcoming price movements.
Cash | First Reported 2007-12-31 | Previous Quarter 163 M | Current Value 167.3 M | Quarterly Volatility 58.2 M |
R1 RCM Naive Prediction Price Forecast For the 23rd of November
Given 90 days horizon, the Naive Prediction forecasted value of R1 RCM Inc on the next trading day is expected to be 14.32 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.0002, and the sum of the absolute errors of 0.62.Please note that although there have been many attempts to predict RCM 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 R1 RCM's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
R1 RCM Stock Forecast Pattern
| Backtest R1 RCM | R1 RCM Price Prediction | Buy or Sell Advice |
R1 RCM Forecasted Value
In the context of forecasting R1 RCM'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. R1 RCM's downside and upside margins for the forecasting period are 14.19 and 14.44, respectively. We have considered R1 RCM'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 R1 RCM stock data series using in forecasting. Note that when a statistical model is used to represent R1 RCM 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 | 111.6335 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.01 |
| MAPE | Mean absolute percentage error | 7.0E-4 |
| SAE | Sum of the absolute errors | 0.6194 |
Predictive Modules for R1 RCM
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as R1 RCM Inc. 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 R1 RCM'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 R1 RCM
For every potential investor in RCM, whether a beginner or expert, R1 RCM's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. RCM Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in RCM. Basic forecasting techniques help filter out the noise by identifying R1 RCM's price trends.R1 RCM 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 R1 RCM stock to make a market-neutral strategy. Peer analysis of R1 RCM could also be used in its relative valuation, which is a method of valuing R1 RCM by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
R1 RCM Inc 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 R1 RCM'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 R1 RCM's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
R1 RCM Market Strength Events
Market strength indicators help investors to evaluate how R1 RCM stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading R1 RCM shares will generate the highest return on investment. By undertsting and applying R1 RCM stock market strength indicators, traders can identify R1 RCM Inc entry and exit signals to maximize returns.
R1 RCM Risk Indicators
The analysis of R1 RCM'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 R1 RCM's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting rcm 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 | 0.1039 | |||
| Standard Deviation | 0.1397 | |||
| Variance | 0.0195 | |||
| Downside Variance | 0.025 | |||
| Semi Variance | (0.02) | |||
| Expected Short fall | (0.15) |
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.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of R1 RCM to cross-verify your projections. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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 R1 RCM. If investors know RCM 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 R1 RCM listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.99) | Earnings Share (0.14) | Revenue Per Share 5.854 | Quarterly Revenue Growth 0.147 | Return On Assets 0.0235 |
The market value of R1 RCM Inc is measured differently than its book value, which is the value of RCM that is recorded on the company's balance sheet. Investors also form their own opinion of R1 RCM's value that differs from its market value or its book value, called intrinsic value, which is R1 RCM'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 R1 RCM's market value can be influenced by many factors that don't directly affect R1 RCM'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 R1 RCM's value and its price as these two are different measures arrived at by different means. Investors typically determine if R1 RCM is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, R1 RCM'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.