Cardinal Health Stock Forecast - Naive Prediction
| CAH Stock | USD 122.63 0.19 0.16% |
The Naive Prediction forecasted value of Cardinal Health on the next trading day is expected to be 120.43 with a mean absolute deviation of 1.65 and the sum of the absolute errors of 100.53. Cardinal Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Cardinal Health's historical fundamentals, such as revenue growth or operating cash flow patterns.
Cardinal |
Cardinal Health Cash Forecast
Predicting cash flow or other financial metrics requires analysts to utilize a variety of statistical methods, techniques, and algorithms. These tools help uncover hidden patterns in the Cardinal Health's financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 1986-03-31 | Previous Quarter 5.1 B | Current Value 2.9 B | Quarterly Volatility 1.4 B |
Cardinal Health Naive Prediction Price Forecast For the 29th of November
Given 90 days horizon, the Naive Prediction forecasted value of Cardinal Health on the next trading day is expected to be 120.43 with a mean absolute deviation of 1.65, mean absolute percentage error of 4.44, and the sum of the absolute errors of 100.53.Please note that although there have been many attempts to predict Cardinal 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 Cardinal Health's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Cardinal Health Stock Forecast Pattern
| Backtest Cardinal Health | Cardinal Health Price Prediction | Buy or Sell Advice |
Cardinal Health Forecasted Value
In the context of forecasting Cardinal Health'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. Cardinal Health's downside and upside margins for the forecasting period are 118.90 and 121.97, respectively. We have considered Cardinal Health'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 Cardinal Health stock data series using in forecasting. Note that when a statistical model is used to represent Cardinal Health 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 | 119.6014 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.648 |
| MAPE | Mean absolute percentage error | 0.0144 |
| SAE | Sum of the absolute errors | 100.5293 |
Predictive Modules for Cardinal 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 Cardinal Health. 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.Other Forecasting Options for Cardinal Health
For every potential investor in Cardinal, whether a beginner or expert, Cardinal Health's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Cardinal Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Cardinal. Basic forecasting techniques help filter out the noise by identifying Cardinal Health's price trends.Cardinal Health 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 Cardinal Health stock to make a market-neutral strategy. Peer analysis of Cardinal Health could also be used in its relative valuation, which is a method of valuing Cardinal Health by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Cardinal Health 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 Cardinal Health'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 Cardinal Health's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Cardinal Health Market Strength Events
Market strength indicators help investors to evaluate how Cardinal Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cardinal Health shares will generate the highest return on investment. By undertsting and applying Cardinal Health stock market strength indicators, traders can identify Cardinal Health entry and exit signals to maximize returns.
Cardinal Health Risk Indicators
The analysis of Cardinal Health'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 Cardinal Health's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cardinal 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 | 1.04 | |||
| Semi Deviation | 1.16 | |||
| Standard Deviation | 1.5 | |||
| Variance | 2.26 | |||
| Downside Variance | 2.01 | |||
| Semi Variance | 1.35 | |||
| Expected Short fall | (1.12) |
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.
Currently Active Assets on Macroaxis
When determining whether Cardinal Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cardinal Health's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cardinal Health Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cardinal Health Stock:Check out Historical Fundamental Analysis of Cardinal Health to cross-verify your projections. For more detail on how to invest in Cardinal Stock please use our How to Invest in Cardinal Health guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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 Cardinal Health. If investors know Cardinal 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 Cardinal Health 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 48.135 | Dividend Share 2.012 | Earnings Share 5.21 | Revenue Per Share 921.782 | Quarterly Revenue Growth (0.04) |
The market value of Cardinal Health is measured differently than its book value, which is the value of Cardinal that is recorded on the company's balance sheet. Investors also form their own opinion of Cardinal Health's value that differs from its market value or its book value, called intrinsic value, which is Cardinal Health'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 Cardinal Health's market value can be influenced by many factors that don't directly affect Cardinal Health'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 Cardinal Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cardinal Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cardinal Health'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.