Aecom Technology Stock Forecast - Rate Of Daily Change
| ACM Stock | USD 93.24 0.71 0.77% |
Aecom Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Aecom Technology stock prices and determine the direction of Aecom Technology's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Aecom Technology's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Aecom Technology's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Aecom Technology's systematic risk associated with finding meaningful patterns of Aecom Technology fundamentals over time.
Check out Historical Fundamental Analysis of Aecom Technology to cross-verify your projections. Aecom |
Open Interest Against 2024-04-19 Aecom Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Aecom Technology'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 Aecom Technology's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Aecom Technology 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 Aecom Technology's open interest, investors have to compare it to Aecom Technology'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 Aecom Technology 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 Aecom. 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.
Most investors in Aecom Technology cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Aecom Technology's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Aecom Technology's price structures and extracts relationships that further increase the generated results' accuracy.
Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of Aecom Technology.| Check Aecom Technology Volatility | Backtest Aecom Technology | Information Ratio |
Aecom Technology Trading Date Momentum
| On April 19 2024 Aecom Technology was traded for 93.24 at the closing time. Highest Aecom Technology's price during the trading hours was 94.05 and the lowest price during the day was 92.62 . There was no trading activity during the period 0.0. Lack of trading volume on the 19th of April did not affect price variability. The overall trading delta to current price is 0.33% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| Compare Aecom Technology to competition |
Other Forecasting Options for Aecom Technology
For every potential investor in Aecom, whether a beginner or expert, Aecom Technology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Aecom Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Aecom. Basic forecasting techniques help filter out the noise by identifying Aecom Technology's price trends.Aecom Technology 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 Aecom Technology stock to make a market-neutral strategy. Peer analysis of Aecom Technology could also be used in its relative valuation, which is a method of valuing Aecom Technology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Aecom Technology 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 Aecom Technology'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 Aecom Technology's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Aecom Technology Market Strength Events
Market strength indicators help investors to evaluate how Aecom Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Aecom Technology shares will generate the highest return on investment. By undertsting and applying Aecom Technology stock market strength indicators, traders can identify Aecom Technology entry and exit signals to maximize returns.
Aecom Technology Risk Indicators
The analysis of Aecom Technology'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 Aecom Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting aecom 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 | 0.8679 | |||
| Semi Deviation | 1.08 | |||
| Standard Deviation | 1.09 | |||
| Variance | 1.18 | |||
| Downside Variance | 1.39 | |||
| Semi Variance | 1.16 | |||
| Expected Short fall | (0.83) |
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.
Aecom Technology Investors Sentiment
The influence of Aecom Technology's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Aecom. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Aecom Technology's public news can be used to forecast risks associated with an investment in Aecom. The trend in average sentiment can be used to explain how an investor holding Aecom can time the market purely based on public headlines and social activities around Aecom Technology. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Aecom Technology's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Aecom Technology's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Aecom Technology's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Aecom Technology.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Aecom Technology in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Aecom Technology's short interest history, or implied volatility extrapolated from Aecom Technology options trading.
Pair Trading with Aecom Technology
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 Aecom Technology 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 Aecom Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Aecom Stock
| 0.63 | J | Jacobs Solutions Financial Report 14th of May 2024 | PairCorr |
| 0.82 | DY | Dycom Industries Financial Report 22nd of May 2024 | PairCorr |
Moving against Aecom Stock
| 0.71 | NVEE | NV5 Global Financial Report 2nd of May 2024 | PairCorr |
| 0.7 | VATE | Innovate Corp | PairCorr |
| 0.64 | GLFH | Galenfeha | PairCorr |
| 0.48 | WLGS | Wang Lee Group Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to Aecom Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aecom Technology 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 Aecom Technology - 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 Aecom Technology to buy it.
The correlation of Aecom Technology 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 Aecom Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aecom Technology 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 Aecom Technology 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 Aecom Technology to cross-verify your projections. To learn how to invest in Aecom Stock, please use our How to Invest in Aecom Technology guide.Note that the Aecom Technology information on this page should be used as a complementary analysis to other Aecom Technology's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for Aecom Stock analysis
When running Aecom Technology's price analysis, check to measure Aecom Technology'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 Aecom Technology is operating at the current time. Most of Aecom Technology's value examination focuses on studying past and present price action to predict the probability of Aecom Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aecom Technology's price. Additionally, you may evaluate how the addition of Aecom Technology to your portfolios can decrease your overall portfolio volatility.
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Is Aecom Technology'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 Aecom Technology. If investors know Aecom 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 Aecom Technology 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 0.112 | Dividend Share 0.76 | Earnings Share 0.9 | Revenue Per Share 108.008 | Quarterly Revenue Growth 0.153 |
The market value of Aecom Technology is measured differently than its book value, which is the value of Aecom that is recorded on the company's balance sheet. Investors also form their own opinion of Aecom Technology's value that differs from its market value or its book value, called intrinsic value, which is Aecom Technology'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 Aecom Technology's market value can be influenced by many factors that don't directly affect Aecom Technology'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 Aecom Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aecom Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aecom Technology'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.