Bright Health Group Probability of Future Stock Price Finishing Over 11.8
| BHGDelisted Stock | USD 12.29 0.39 3.08% |
Bright |
Bright Health Target Price Odds to finish over 11.8
The tendency of Bright Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 11.80 in 90 days |
| 12.29 | 90 days | 11.80 | about 65.47 |
Based on a normal probability distribution, the odds of Bright Health to stay above $ 11.80 in 90 days from now is about 65.47 (This Bright Health Group probability density function shows the probability of Bright Stock to fall within a particular range of prices over 90 days) . Probability of Bright Health Group price to stay between $ 11.80 and its current price of $12.29 at the end of the 90-day period is about 8.67 .
Considering the 90-day investment horizon the stock has the beta coefficient of 3.29 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Bright Health will likely underperform. Additionally Bright Health Group has an alpha of 0.0664, implying that it can generate a 0.0664 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Bright Health Price Density |
| Price |
Predictive Modules for Bright 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 Bright Health Group. 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.Bright Health Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bright Health is not an exception. The market had few large corrections towards the Bright Health's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Bright Health Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bright Health within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.07 | |
β | Beta against Dow Jones | 3.29 | |
σ | Overall volatility | 2.16 | |
Ir | Information ratio | 0.03 |
Bright Health Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Bright Health for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bright Health Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Bright Health Group is now traded under the symbol NEUE. Please update your portfolios or report it if you believe this is an error. Report It! | |
| Bright Health Group is not yet fully synchronised with the market data | |
| Bright Health Group has a very high chance of going through financial distress in the upcoming years | |
| Bright Health Group has 303.95 M in debt with debt to equity (D/E) ratio of 0.02, which may show that the company is not taking advantage of profits from borrowing. Bright Health Group has a current ratio of 0.85, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Bright to invest in growth at high rates of return. | |
| The entity reported the last year's revenue of 2.76 B. Reported Net Loss for the year was (1.59 B) with profit before taxes, overhead, and interest of 205.79 M. | |
| Bright Health Group has about 466.32 M in cash with (2.27 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.61. | |
| Roughly 65.0% of Bright Health shares are held by institutions such as insurance companies |
Bright Health Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Bright Stock often depends not only on the future outlook of the current and potential Bright Health'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. Bright Health's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 7.9 M | |
| Cash And Short Term Investments | 479.5 M |
Bright Health Technical Analysis
Bright Health's future price can be derived by breaking down and analyzing its technical indicators over time. Bright Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bright Health Group. In general, you should focus on analyzing Bright Stock price patterns and their correlations with different microeconomic environments and drivers.
Bright Health Predictive Forecast Models
Bright Health's time-series forecasting models is one of many Bright Health's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Bright Health's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Bright Health Group
Checking the ongoing alerts about Bright Health for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bright Health Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Bright Health Group is now traded under the symbol NEUE. Please update your portfolios or report it if you believe this is an error. Report It! | |
| Bright Health Group is not yet fully synchronised with the market data | |
| Bright Health Group has a very high chance of going through financial distress in the upcoming years | |
| Bright Health Group has 303.95 M in debt with debt to equity (D/E) ratio of 0.02, which may show that the company is not taking advantage of profits from borrowing. Bright Health Group has a current ratio of 0.85, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Bright to invest in growth at high rates of return. | |
| The entity reported the last year's revenue of 2.76 B. Reported Net Loss for the year was (1.59 B) with profit before taxes, overhead, and interest of 205.79 M. | |
| Bright Health Group has about 466.32 M in cash with (2.27 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.61. | |
| Roughly 65.0% of Bright Health shares are held by institutions such as insurance companies |
Check out Trending Equities 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 rate. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Other Consideration for investing in Bright Stock
If you are still planning to invest in Bright Health Group 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 Bright Health's history and understand the potential risks before investing.
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