Stericycle Stock Forecast - 20 Period Moving Average

SRCL Stock  USD 52.81  0.29  0.55%   
The 20 Period Moving Average forecasted value of Stericycle on the next trading day is expected to be 52.76 with a mean absolute deviation of  1.18  and the sum of the absolute errors of 48.51. Stericycle Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Stericycle stock prices and determine the direction of Stericycle's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Stericycle's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Stericycle's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Stericycle's systematic risk associated with finding meaningful patterns of Stericycle fundamentals over time.
Check out Historical Fundamental Analysis of Stericycle to cross-verify your projections.
For more information on how to buy Stericycle Stock please use our How to buy in Stericycle Stock guide.
  
At this time, Stericycle's Payables Turnover is quite stable compared to the past year. Fixed Asset Turnover is expected to rise to 3.27 this year, although the value of Inventory Turnover will most likely fall to 43.62. . Net Income Applicable To Common Shares is expected to rise to about 70 M this year, although the value of Common Stock Shares Outstanding will most likely fall to about 88.2 M.

Open Interest Against 2024-04-19 Stericycle Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Stericycle'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 Stericycle's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Stericycle 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 Stericycle's open interest, investors have to compare it to Stericycle'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 Stericycle 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 Stericycle. 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 Stericycle 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 Stericycle's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Stericycle's price structures and extracts relationships that further increase the generated results' accuracy.
A commonly used 20-period moving average forecast model for Stericycle is based on a synthetically constructed Stericycledaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Stericycle 20 Period Moving Average Price Forecast For the 29th of March

Given 90 days horizon, the 20 Period Moving Average forecasted value of Stericycle on the next trading day is expected to be 52.76 with a mean absolute deviation of 1.18, mean absolute percentage error of 3.36, and the sum of the absolute errors of 48.51.
Please note that although there have been many attempts to predict Stericycle 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 Stericycle's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Stericycle Stock Forecast Pattern

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Stericycle Forecasted Value

In the context of forecasting Stericycle'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. Stericycle's downside and upside margins for the forecasting period are 50.92 and 54.60, respectively. We have considered Stericycle'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.
Market Value
52.81
52.76
Expected Value
54.60
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Stericycle stock data series using in forecasting. Note that when a statistical model is used to represent Stericycle 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.
AICAkaike Information Criteria82.564
BiasArithmetic mean of the errors -1.0205
MADMean absolute deviation1.1832
MAPEMean absolute percentage error0.0225
SAESum of the absolute errors48.5107
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Stericycle 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Stericycle

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Stericycle. 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 Stericycle'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.
Hype
Prediction
LowEstimatedHigh
51.1853.0454.90
Details
Intrinsic
Valuation
LowRealHigh
52.3954.2556.11
Details
Bollinger
Band Projection (param)
LowMiddleHigh
52.5352.8653.20
Details
8 Analysts
Consensus
LowTargetHigh
51.1956.2562.44
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Stericycle. Your research has to be compared to or analyzed against Stericycle's peers to derive any actionable benefits. When done correctly, Stericycle's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Stericycle.

Other Forecasting Options for Stericycle

For every potential investor in Stericycle, whether a beginner or expert, Stericycle's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Stericycle Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Stericycle. Basic forecasting techniques help filter out the noise by identifying Stericycle's price trends.

Stericycle 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 Stericycle stock to make a market-neutral strategy. Peer analysis of Stericycle could also be used in its relative valuation, which is a method of valuing Stericycle by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Stericycle 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 Stericycle'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 Stericycle's current price.

Stericycle Market Strength Events

Market strength indicators help investors to evaluate how Stericycle stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Stericycle shares will generate the highest return on investment. By undertsting and applying Stericycle stock market strength indicators, traders can identify Stericycle entry and exit signals to maximize returns.

Stericycle Risk Indicators

The analysis of Stericycle'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 Stericycle's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting stericycle 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.
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.

Currently Active Assets on Macroaxis

When determining whether Stericycle is a strong investment it is important to analyze Stericycle'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 Stericycle's future performance. For an informed investment choice regarding Stericycle Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Stericycle to cross-verify your projections.
For more information on how to buy Stericycle Stock please use our How to buy in Stericycle Stock guide.
Note that the Stericycle information on this page should be used as a complementary analysis to other Stericycle'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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

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Is Stericycle'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 Stericycle. If investors know Stericycle 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 Stericycle 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
(0.54)
Earnings Share
(0.23)
Revenue Per Share
28.78
Quarterly Revenue Growth
(0.03)
Return On Assets
0.0216
The market value of Stericycle is measured differently than its book value, which is the value of Stericycle that is recorded on the company's balance sheet. Investors also form their own opinion of Stericycle's value that differs from its market value or its book value, called intrinsic value, which is Stericycle'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 Stericycle's market value can be influenced by many factors that don't directly affect Stericycle'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 Stericycle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stericycle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stericycle'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.