Opko Health Stock Forward View - Simple Regression
| OPK Stock | USD 1.20 0.01 0.84% |
This Simple Regression reference page for Opko Health presents model-generated forecast data based on historical daily prices. The output values and deviation metrics are provided for informational reference.
The Simple Regression forecasted value of Opko Health on the next trading day is expected to be 1.17 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 1.53.In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Opko Health historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data. All Simple Regression forecast figures shown for Opko Health are reference data reflecting model output based on available historical prices. Simple Regression Price Forecast For the 19th of March
Given 90 days horizon, the Simple Regression forecasted value of Opko Health on the next trading day is expected to be 1.17 with a mean absolute deviation of 0.03 , mean absolute percentage error of 0.0011 , and the sum of the absolute errors of 1.53 .Please note that although there have been many attempts to predict Opko 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 Opko Health's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Opko Health | Opko Health Price Prediction | Research Analysis |
Forecasted Value
For the next trading day, Macroaxis evaluates Opko Health's predictive range by looking for statistically meaningful downside and upside boundaries. Used properly, these levels provide context around forecast dispersion rather than certainty about the next closing print.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Opko Health stock data series using in forecasting. Note that when a statistical model is used to represent Opko 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 | 111.2668 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.025 |
| MAPE | Mean absolute percentage error | 0.0197 |
| SAE | Sum of the absolute errors | 1.5266 |
Other Forecasting Options for Opko Health
Price movement is the most fundamental factor that determines whether Opko is a viable investment for any investor. Opko Stock price charts are often noisy, making it difficult to identify meaningful patterns without analytical tools.Opko Health Related Equities
The following equities are related to Opko Health within the Health Care space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Opko Health 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 |
Opko Health Market Strength Events
Assessing the market strength of Opko Health stock provides investors with a clearer picture of how the security reacts to evolving market dynamics. These indicators can be used to identify periods when trading Opko Health is most likely to be profitable.
Opko Health Risk Indicators
The analysis of Opko Health's basic risk metrics provides a foundation for forecasting its future price and managing investment risk. Identifying the magnitude of risk in Opko Health's helps investors choose between accepting or hedging their exposure.
| Mean Deviation | 1.47 | |||
| Standard Deviation | 1.96 | |||
| Variance | 3.83 |
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 Opko Health
A coverage review of Opko Health helps investors see when the security is attracting above-average attention from contributors and market observers. A disciplined read of coverage helps investors separate durable relevance from temporary noise.
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Latest Perspective From Macroaxis
Opko Health Short Properties
A short-interest review of Opko Health helps investors understand whether skepticism in the market is becoming more influential. The practical goal is to identify when the balance between long and short participation may be changing the quality of the setup.
| Common Stock Shares Outstanding | 765.5 M | |
| Cash And Short Term Investments | 369.1 M |