Cross Country Healthcare Stock Probability of Future Stock Price Finishing Under 6.63
| CCRN Stock | USD 10.87 0.53 5.13% |
Cross |
Cross Country Target Price Odds to finish below 6.63
The tendency of Cross 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 drop to $ 6.63 or more in 90 days |
| 10.87 | 90 days | 6.63 | near 1 |
Based on a normal probability distribution, the odds of Cross Country to drop to $ 6.63 or more in 90 days from now is near 1 (This Cross Country Healthcare probability density function shows the probability of Cross Stock to fall within a particular range of prices over 90 days) . Probability of Cross Country Healthcare price to stay between $ 6.63 and its current price of $10.87 at the end of the 90-day period is about 12.42 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.33 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, Cross Country will likely underperform. Additionally Cross Country Healthcare has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Cross Country Price Density |
| Price |
Predictive Modules for Cross Country
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cross Country 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.Cross Country Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cross Country is not an exception. The market had few large corrections towards the Cross Country'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 Cross Country Healthcare, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cross Country within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.63 | |
β | Beta against Dow Jones | 1.33 | |
σ | Overall volatility | 1.56 | |
Ir | Information ratio | -0.17 |
Cross Country 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 Cross Country for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cross Country Healthcare can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Cross Country generated a negative expected return over the last 90 days | |
| Cross Country has high historical volatility and very poor performance | |
| Cross Country is unlikely to experience financial distress in the next 2 years | |
| Cross Country has a strong financial position based on the latest SEC filings | |
| Over 94.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from businesswire.com: Cross Countrys Susan E. Ball Recognized on SIAs Global Power 150 Women in Staffing |
Cross Country 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 Cross Stock often depends not only on the future outlook of the current and potential Cross Country'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. Cross Country's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 35.5 M | |
| Cash And Short Term Investments | 17.1 M |
Cross Country Technical Analysis
Cross Country's future price can be derived by breaking down and analyzing its technical indicators over time. Cross Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cross Country Healthcare. In general, you should focus on analyzing Cross Stock price patterns and their correlations with different microeconomic environments and drivers.
Cross Country Predictive Forecast Models
Cross Country's time-series forecasting models is one of many Cross Country'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 Cross Country'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 Cross Country Healthcare
Checking the ongoing alerts about Cross Country for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cross Country Healthcare help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cross Country generated a negative expected return over the last 90 days | |
| Cross Country has high historical volatility and very poor performance | |
| Cross Country is unlikely to experience financial distress in the next 2 years | |
| Cross Country has a strong financial position based on the latest SEC filings | |
| Over 94.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from businesswire.com: Cross Countrys Susan E. Ball Recognized on SIAs Global Power 150 Women in Staffing |
Check out Cross Country Backtesting, Cross Country Valuation, Cross Country Correlation, Cross Country Hype Analysis, Cross Country Volatility, Cross Country History as well as Cross Country Performance. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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 Cross Country. If investors know Cross 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 Cross Country 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 (0.79) | Earnings Share (0.05) | Revenue Per Share 42.699 | Quarterly Revenue Growth (0.29) | Return On Assets 0.0127 |
The market value of Cross Country Healthcare is measured differently than its book value, which is the value of Cross that is recorded on the company's balance sheet. Investors also form their own opinion of Cross Country's value that differs from its market value or its book value, called intrinsic value, which is Cross Country'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 Cross Country's market value can be influenced by many factors that don't directly affect Cross Country'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 Cross Country's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cross Country is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cross Country'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.