Gohealth Stock Odds of Future Stock Price Finishing Under 13.51
| GOCO Stock | USD 11.50 0.20 1.77% |
GoHealth |
GoHealth Target Price Odds to finish below 13.51
The tendency of GoHealth 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 under $ 13.51 after 90 days |
| 11.50 | 90 days | 13.51 | about 99.0 |
Based on a normal probability distribution, the odds of GoHealth to stay under $ 13.51 after 90 days from now is about 99.0 (This GoHealth probability density function shows the probability of GoHealth Stock to fall within a particular range of prices over 90 days) . Probability of GoHealth price to stay between its current price of $ 11.50 and $ 13.51 at the end of the 90-day period is about 14.51 .
Given the investment horizon of 90 days GoHealth has a beta of 0.53. This usually indicates as returns on the market go up, GoHealth average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding GoHealth will be expected to be much smaller as well. Additionally GoHealth has an alpha of 0.7184, implying that it can generate a 0.72 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). GoHealth Price Density |
| Price |
Predictive Modules for GoHealth
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GoHealth. 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 GoHealth'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.
GoHealth Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. GoHealth is not an exception. The market had few large corrections towards the GoHealth'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 GoHealth, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of GoHealth within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.72 | |
β | Beta against Dow Jones | 0.53 | |
σ | Overall volatility | 1.55 | |
Ir | Information ratio | 0.13 |
GoHealth 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 GoHealth for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for GoHealth can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| GoHealth had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 734.67 M. Net Loss for the year was (63.26 M) with profit before overhead, payroll, taxes, and interest of 444 M. | |
| About 15.0% of the company shares are held by company insiders | |
| Latest headline from insidermonkey.com: GoHealth, Inc. Q3 2024 Earnings Call Transcript |
GoHealth 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 GoHealth Stock often depends not only on the future outlook of the current and potential GoHealth'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. GoHealth's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 9.3 M | |
| Cash And Short Term Investments | 90.8 M |
GoHealth Technical Analysis
GoHealth's future price can be derived by breaking down and analyzing its technical indicators over time. GoHealth Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of GoHealth. In general, you should focus on analyzing GoHealth Stock price patterns and their correlations with different microeconomic environments and drivers.
GoHealth Predictive Forecast Models
GoHealth's time-series forecasting models is one of many GoHealth'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 GoHealth'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 GoHealth
Checking the ongoing alerts about GoHealth for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for GoHealth help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| GoHealth had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 734.67 M. Net Loss for the year was (63.26 M) with profit before overhead, payroll, taxes, and interest of 444 M. | |
| About 15.0% of the company shares are held by company insiders | |
| Latest headline from insidermonkey.com: GoHealth, Inc. Q3 2024 Earnings Call Transcript |
Check out GoHealth Backtesting, GoHealth Valuation, GoHealth Correlation, GoHealth Hype Analysis, GoHealth Volatility, GoHealth History as well as GoHealth Performance. To learn how to invest in GoHealth Stock, please use our How to Invest in GoHealth guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Is Property & Casualty Insurance 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 GoHealth. If investors know GoHealth 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 GoHealth 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 4.241 | Earnings Share (3.29) | Revenue Per Share 69.776 | Quarterly Revenue Growth (0.10) | Return On Assets (0.03) |
The market value of GoHealth is measured differently than its book value, which is the value of GoHealth that is recorded on the company's balance sheet. Investors also form their own opinion of GoHealth's value that differs from its market value or its book value, called intrinsic value, which is GoHealth'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 GoHealth's market value can be influenced by many factors that don't directly affect GoHealth'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 GoHealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoHealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoHealth'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.