Viemed Healthcare Stock Probability of Future Stock Price Finishing Over 9.63
| VMD Stock | USD 8.31 0.30 3.75% |
Closest to current price Viemed long CALL Option Payoff at Expiration
Viemed |
Viemed Healthcare Target Price Odds to finish over 9.63
The tendency of Viemed Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 9.63 or more in 90 days |
| 8.31 | 90 days | 9.63 | nearly 4.66 |
Based on a normal probability distribution, the odds of Viemed Healthcare to move over $ 9.63 or more in 90 days from now is nearly 4.66 (This Viemed Healthcare probability density function shows the probability of Viemed Stock to fall within a particular range of prices over 90 days) . Probability of Viemed Healthcare price to stay between its current price of $ 8.31 and $ 9.63 at the end of the 90-day period is about 70.46 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.77 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Viemed Healthcare will likely underperform. Additionally Viemed Healthcare has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Viemed Healthcare Price Density |
| Price |
Predictive Modules for Viemed Healthcare
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Viemed Healthcare. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Viemed Healthcare's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Viemed Healthcare Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Viemed Healthcare is not an exception. The market had few large corrections towards the Viemed Healthcare's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Viemed Healthcare, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Viemed Healthcare within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.12 | |
β | Beta against NYSE Composite | 1.77 | |
σ | Overall volatility | 0.56 | |
Ir | Information ratio | -0.02 |
Viemed Healthcare Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Viemed Healthcare for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Viemed Healthcare can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Viemed Healthcare has a strong financial position based on the latest SEC filings | |
| About 62.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from news.google.com: Viemed Healthcare Stock Price Down 2 percent - Defense World |
Viemed Healthcare Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Viemed Stock often depends not only on the future outlook of the current and potential Viemed Healthcare's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Viemed Healthcare's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 40.4 M | |
| Cash And Short Term Investments | 12.8 M |
Viemed Healthcare Technical Analysis
Viemed Healthcare's future price can be derived by breaking down and analyzing its technical indicators over time. Viemed Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Viemed Healthcare. In general, you should focus on analyzing Viemed Stock price patterns and their correlations with different microeconomic environments and drivers.
Viemed Healthcare Predictive Forecast Models
Viemed Healthcare's time-series forecasting models is one of many Viemed Healthcare's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Viemed Healthcare's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Viemed Healthcare
Checking the ongoing alerts about Viemed Healthcare for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Viemed Healthcare help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Viemed Healthcare has a strong financial position based on the latest SEC filings | |
| About 62.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from news.google.com: Viemed Healthcare Stock Price Down 2 percent - Defense World |
Check out Viemed Healthcare Backtesting, Viemed Healthcare Valuation, Viemed Healthcare Correlation, Viemed Healthcare Hype Analysis, Viemed Healthcare Volatility, Viemed Healthcare History as well as Viemed Healthcare Performance. For information on how to trade Viemed Stock refer to our How to Trade Viemed Stock guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Viemed Stock analysis
When running Viemed Healthcare's price analysis, check to measure Viemed Healthcare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Viemed Healthcare is operating at the current time. Most of Viemed Healthcare's value examination focuses on studying past and present price action to predict the probability of Viemed Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Viemed Healthcare's price. Additionally, you may evaluate how the addition of Viemed Healthcare to your portfolios can decrease your overall portfolio volatility.
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Is Viemed Healthcare's industry 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 Viemed Healthcare. If investors know Viemed 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 Viemed Healthcare 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 0.246 | Earnings Share 0.25 | Revenue Per Share 4.772 | Quarterly Revenue Growth 0.353 | Return On Assets 0.0713 |
The market value of Viemed Healthcare is measured differently than its book value, which is the value of Viemed that is recorded on the company's balance sheet. Investors also form their own opinion of Viemed Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Viemed Healthcare'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 Viemed Healthcare's market value can be influenced by many factors that don't directly affect Viemed Healthcare'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 Viemed Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Viemed Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Viemed Healthcare'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.