Stericycle Stock Forecast - Semi Deviation
| SRCL Stock | USD 48.87 0.17 0.35% |
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. Stericycle |
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.
| Check Stericycle Volatility | Backtest Stericycle | Information Ratio |
Stericycle Trading Date Momentum
| On April 19 2024 Stericycle was traded for 48.87 at the closing time. The top price for the day was 49.31 and the lowest listed price was 48.47 . There was no trading activity during the period 0.0. Lack of trading volume on April 19, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 0.16% . |
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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.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.
| Mean Deviation | 1.21 | |||
| Semi Deviation | 1.28 | |||
| Standard Deviation | 1.78 | |||
| Variance | 3.18 | |||
| Downside Variance | 1.78 | |||
| Semi Variance | 1.63 | |||
| Expected Short fall | (1.33) |
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.
Stericycle Investors Sentiment
The influence of Stericycle'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 Stericycle. 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 Stericycle's public news can be used to forecast risks associated with an investment in Stericycle. The trend in average sentiment can be used to explain how an investor holding Stericycle can time the market purely based on public headlines and social activities around Stericycle. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Stericycle'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 Stericycle'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 Stericycle's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Stericycle.
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 Stericycle 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, Stericycle's short interest history, or implied volatility extrapolated from Stericycle options trading.
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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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Stericycle Stock analysis
When running Stericycle's price analysis, check to measure Stericycle'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 Stericycle is operating at the current time. Most of Stericycle's value examination focuses on studying past and present price action to predict the probability of Stericycle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stericycle's price. Additionally, you may evaluate how the addition of Stericycle to your portfolios can decrease your overall portfolio volatility.
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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.