AECOM TECHNOLOGY Stock Forecast - Simple Regression
| E6Z Stock | EUR 79.00 0.50 0.64% |
The Simple Regression forecasted value of AECOM TECHNOLOGY on the next trading day is expected to be 83.61 with a mean absolute deviation of 2.61 and the sum of the absolute errors of 159.01. 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.
Check out Historical Fundamental Analysis of AECOM TECHNOLOGY to cross-verify your projections. AECOM |
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.
Simple Regression model is a single variable regression model that attempts to put a straight line through AECOM TECHNOLOGY price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X. AECOM TECHNOLOGY Simple Regression Price Forecast For the 4th of June
Given 90 days horizon, the Simple Regression forecasted value of AECOM TECHNOLOGY on the next trading day is expected to be 83.61 with a mean absolute deviation of 2.61, mean absolute percentage error of 8.80, and the sum of the absolute errors of 159.01.Please note that although there have been many attempts to predict AECOM Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that AECOM TECHNOLOGY's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
AECOM TECHNOLOGY Stock Forecast Pattern
| Backtest AECOM TECHNOLOGY | AECOM TECHNOLOGY Price Prediction | Buy or Sell Advice |
AECOM TECHNOLOGY Forecasted Value
In the context of forecasting AECOM TECHNOLOGY's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. AECOM TECHNOLOGY's downside and upside margins for the forecasting period are 82.40 and 84.83, respectively. We have considered AECOM TECHNOLOGY's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
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 AECOM TECHNOLOGY stock data series using in forecasting. Note that when a statistical model is used to represent AECOM TECHNOLOGY 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 | 120.2849 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.6067 |
| MAPE | Mean absolute percentage error | 0.0307 |
| SAE | Sum of the absolute errors | 159.0114 |
Predictive Modules for AECOM TECHNOLOGY
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as AECOM TECHNOLOGY. 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 AECOM TECHNOLOGY'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.
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.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 79.0 | |||
| Day Typical Price | 79.0 | |||
| Price Action Indicator | 0.25 | |||
| Period Momentum Indicator | 0.5 |
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 | 0.8523 | |||
| Standard Deviation | 1.19 | |||
| Variance | 1.41 |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether AECOM TECHNOLOGY is a strong investment it is important to analyze AECOM TECHNOLOGY's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact AECOM TECHNOLOGY's future performance. For an informed investment choice regarding AECOM Stock, refer to the following important reports:Check out Historical Fundamental Analysis of AECOM TECHNOLOGY to cross-verify your projections. For information on how to trade AECOM Stock refer to our How to Trade AECOM Stock 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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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