Health Catalyst Stock Forward View
| HCAT Stock | USD 1.23 0.01 0.82% |
This reference page presents Naive Prediction forecast data for Health Catalyst. The model output shown here is derived from Health Catalyst's historical price series and is provided for informational purposes.
The Naive Prediction forecasted value of Health Catalyst on the next trading day is expected to be 0.83 with a mean absolute deviation of 0.09 and the sum of the absolute errors of 5.68.This model is not at all useful as a medium-long range forecasting tool of Health Catalyst. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Health Catalyst. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights. This Naive Prediction forecast data for Health Catalyst is sourced from the most recent available trading data and is intended solely as reference information. Naive Prediction Price Forecast For the 21st of March
Given 90 days horizon, the Naive Prediction forecasted value of Health Catalyst on the next trading day is expected to be 0.83 with a mean absolute deviation of 0.09 , mean absolute percentage error of 0.01 , and the sum of the absolute errors of 5.68 .Please note that although there have been many attempts to predict Health Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Health Catalyst's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Health Catalyst | Health Catalyst Price Prediction | Research Analysis |
Forecasted Value
This next-day forecast for Health Catalyst uses model performance to estimate practical downside and upside boundaries rather than a single point target alone. At the moment, the model places downside around 0.01 and upside around 5.95 for the forecasting period.
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 Health Catalyst stock data series using in forecasting. Note that when a statistical model is used to represent Health Catalyst 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 | 113.7714 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0931 |
| MAPE | Mean absolute percentage error | 0.0523 |
| SAE | Sum of the absolute errors | 5.6779 |
Other Forecasting Options for Health Catalyst
For every potential investor in Health, whether a beginner or expert, Health Catalyst's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better.Health Catalyst Related Equities
The following equities are related to Health Catalyst within the Health Care space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Health Catalyst against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |
Health Catalyst Market Strength Events
Market strength indicators help investors to evaluate how Health Catalyst stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Health Catalyst shares will generate the highest return on.
| Accumulation Distribution | 64428.7 | |||
| Daily Balance Of Power | 0.1111 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 1.21 | |||
| Day Typical Price | 1.21 | |||
| Price Action Indicator | 0.03 | |||
| Period Momentum Indicator | 0.01 |
Health Catalyst Risk Indicators
The analysis of Health Catalyst'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 Health Catalyst's investment and either accepting that risk or mitigating it.
| Mean Deviation | 3.5 | |||
| Standard Deviation | 5.12 | |||
| Variance | 26.26 |
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.
Story Coverage note for Health Catalyst
Coverage intensity for Health Catalyst matters because narrative visibility can influence sentiment, participation, and volatility around the name. The practical risk is that faster visibility can increase both interest and skepticism at the same time.
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Health Catalyst Short Properties
Short sentiment tied to Health Catalyst matters because heavier bearish pressure can change how quickly future price expectations become unstable. A disciplined short-interest review can make timing decisions more informed under rising skepticism.
| Common Stock Shares Outstanding | 69.9 M | |
| Cash And Short Term Investments | 95.7 M |
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