Chemed Corp Stock Forecast - Naive Prediction
| CHE Stock | USD 566.43 5.96 1.04% |
The Naive Prediction forecasted value of Chemed Corp on the next trading day is expected to be 577.29 with a mean absolute deviation of 10.59 and the sum of the absolute errors of 646.23. Chemed Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Chemed Corp stock prices and determine the direction of Chemed Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Chemed Corp's historical fundamentals, such as revenue growth or operating cash flow patterns.
Chemed |
Open Interest Against 2024-12-20 Chemed Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Chemed Corp's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Chemed Corp's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Chemed Corp stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Chemed Corp's open interest, investors have to compare it to Chemed Corp's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Chemed Corp is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Chemed. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Chemed Corp Cash Forecast
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Chemed Corp's financial statements to predict how it will affect future prices.
Cash | First Reported 1985-12-31 | Previous Quarter 222.9 M | Current Value 238.5 M | Quarterly Volatility 53.1 M |
Chemed Corp Naive Prediction Price Forecast For the 4th of December
Given 90 days horizon, the Naive Prediction forecasted value of Chemed Corp on the next trading day is expected to be 577.29 with a mean absolute deviation of 10.59, mean absolute percentage error of 207.63, and the sum of the absolute errors of 646.23.Please note that although there have been many attempts to predict Chemed 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 Chemed Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Chemed Corp Stock Forecast Pattern
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Chemed Corp Forecasted Value
In the context of forecasting Chemed Corp'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. Chemed Corp's downside and upside margins for the forecasting period are 575.44 and 579.14, respectively. We have considered Chemed Corp'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 Chemed Corp stock data series using in forecasting. Note that when a statistical model is used to represent Chemed Corp 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 | 123.4462 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 10.5939 |
| MAPE | Mean absolute percentage error | 0.0185 |
| SAE | Sum of the absolute errors | 646.2283 |
Predictive Modules for Chemed Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Chemed Corp. 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 Chemed Corp
For every potential investor in Chemed, whether a beginner or expert, Chemed Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Chemed Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Chemed. Basic forecasting techniques help filter out the noise by identifying Chemed Corp's price trends.Chemed Corp 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 Chemed Corp stock to make a market-neutral strategy. Peer analysis of Chemed Corp could also be used in its relative valuation, which is a method of valuing Chemed Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Chemed Corp 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 Chemed Corp'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 Chemed Corp's current price.| Cycle Indicators | ||
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Chemed Corp Market Strength Events
Market strength indicators help investors to evaluate how Chemed Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Chemed Corp shares will generate the highest return on investment. By undertsting and applying Chemed Corp stock market strength indicators, traders can identify Chemed Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0128 | |||
| Daily Balance Of Power | (0.81) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 569.94 | |||
| Day Typical Price | 568.77 | |||
| Market Facilitation Index | 7.32 | |||
| Price Action Indicator | (6.49) | |||
| Period Momentum Indicator | (5.96) |
Chemed Corp Risk Indicators
The analysis of Chemed Corp'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 Chemed Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting chemed 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 | 0.9961 | |||
| Standard Deviation | 1.83 | |||
| Variance | 3.34 |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Chemed Corp is a strong investment it is important to analyze Chemed Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Chemed Corp's future performance. For an informed investment choice regarding Chemed Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Chemed Corp to cross-verify your projections. For information on how to trade Chemed Stock refer to our How to Trade Chemed Stock guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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 Chemed Corp. If investors know Chemed 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 Chemed Corp 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 0.014 | Dividend Share 1.7 | Earnings Share 19.8 | Revenue Per Share 157.577 | Quarterly Revenue Growth 0.074 |
The market value of Chemed Corp is measured differently than its book value, which is the value of Chemed that is recorded on the company's balance sheet. Investors also form their own opinion of Chemed Corp's value that differs from its market value or its book value, called intrinsic value, which is Chemed Corp'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 Chemed Corp's market value can be influenced by many factors that don't directly affect Chemed Corp'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 Chemed Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chemed Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chemed Corp'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.