Cross Country Stock Forecast - Daily Balance Of Power
| CCRN Stock | USD 10.76 0.04 0.37% |
Cross Stock Forecast is based on your current time horizon. Although Cross Country's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Cross Country's systematic risk associated with finding meaningful patterns of Cross Country fundamentals over time.
Cross |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.1) | 0.901 |
| Check Cross Country Volatility | Backtest Cross Country | Trend Details |
Cross Country Trading Date Momentum
| On October 18 2024 Cross Country Healthcare was traded for 12.87 at the closing time. The top price for the day was 13.33 and the lowest listed price was 12.85 . The trading volume for the day was 530.4 K. The trading history from October 18, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.87% . The overall trading delta against the current closing price is 9.89% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Cross Country to competition |
Other Forecasting Options for Cross Country
For every potential investor in Cross, whether a beginner or expert, Cross Country's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Cross Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Cross. Basic forecasting techniques help filter out the noise by identifying Cross Country's price trends.Cross Country 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 Cross Country stock to make a market-neutral strategy. Peer analysis of Cross Country could also be used in its relative valuation, which is a method of valuing Cross Country by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Cross Country Healthcare 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 Cross Country'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 Cross Country's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Cross Country Market Strength Events
Market strength indicators help investors to evaluate how Cross Country stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cross Country shares will generate the highest return on investment. By undertsting and applying Cross Country stock market strength indicators, traders can identify Cross Country Healthcare entry and exit signals to maximize returns.
| Accumulation Distribution | 5536.85 | |||
| Daily Balance Of Power | (0.13) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 10.69 | |||
| Day Typical Price | 10.71 | |||
| Price Action Indicator | 0.05 | |||
| Period Momentum Indicator | (0.04) |
Cross Country Risk Indicators
The analysis of Cross Country'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 Cross Country's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cross 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 | 2.41 | |||
| Standard Deviation | 3.5 | |||
| Variance | 12.23 |
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.
Pair Trading with Cross Country
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cross Country position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cross Country will appreciate offsetting losses from the drop in the long position's value.Moving together with Cross Stock
Moving against Cross Stock
| 0.87 | ECOR | Electrocore LLC | PairCorr |
| 0.85 | MD | Mednax Inc | PairCorr |
| 0.79 | DOCS | Doximity | PairCorr |
| 0.74 | VREX | Varex Imaging Corp | PairCorr |
| 0.7 | OM | Outset Medical | PairCorr |
The ability to find closely correlated positions to Cross Country could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cross Country when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cross Country - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cross Country Healthcare to buy it.
The correlation of Cross Country is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cross Country moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cross Country Healthcare moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cross Country can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Cross Country to cross-verify your projections. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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.