ABM Industries Stock Forecast - Rate Of Daily Change
| ABM Stock | USD 52.08 0.25 0.48% |
ABM Stock Forecast is based on your current time horizon. Although ABM Industries' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of ABM Industries' systematic risk associated with finding meaningful patterns of ABM Industries fundamentals over time.
ABM |
Open Interest Against 2024-10-18 ABM Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast ABM Industries' 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 ABM Industries' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for ABM Industries 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 ABM Industries' open interest, investors have to compare it to ABM Industries' 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 ABM Industries 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 ABM. 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.
| Check ABM Industries Volatility | Backtest ABM Industries | Trend Details |
ABM Industries Trading Date Momentum
| On May 14 2024 ABM Industries Incorporated was traded for 45.75 at the closing time. Highest ABM Industries's price during the trading hours was 46.06 and the lowest price during the day was 45.23 . The net volume was 375.3 K. The overall trading history on the 14th of May 2024 contributed to the next trading period price boost. The overall trading delta to the next next day price was 0.28% . The overall trading delta to current price is 2.70% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| Compare ABM Industries to competition |
Other Forecasting Options for ABM Industries
For every potential investor in ABM, whether a beginner or expert, ABM Industries' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ABM Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ABM. Basic forecasting techniques help filter out the noise by identifying ABM Industries' price trends.ABM Industries 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 ABM Industries stock to make a market-neutral strategy. Peer analysis of ABM Industries could also be used in its relative valuation, which is a method of valuing ABM Industries by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ABM Industries 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 ABM Industries' 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 ABM Industries' current price.| Cycle Indicators | ||
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| Volume Indicators |
ABM Industries Market Strength Events
Market strength indicators help investors to evaluate how ABM Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ABM Industries shares will generate the highest return on investment. By undertsting and applying ABM Industries stock market strength indicators, traders can identify ABM Industries Incorporated entry and exit signals to maximize returns.
ABM Industries Risk Indicators
The analysis of ABM Industries' 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 ABM Industries' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting abm 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 | 1.11 | |||
| Semi Deviation | 2.06 | |||
| Standard Deviation | 1.74 | |||
| Variance | 3.04 | |||
| Downside Variance | 4.64 | |||
| Semi Variance | 4.24 | |||
| Expected Short fall | (1.06) |
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.
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Try AI Portfolio ArchitectAdditional Information and Resources on Investing in ABM Stock
When determining whether ABM Industries is a strong investment it is important to analyze ABM Industries' 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 ABM Industries' future performance. For an informed investment choice regarding ABM Stock, refer to the following important reports:Check out Historical Fundamental Analysis of ABM Industries to cross-verify your projections. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Is Environmental & Facilities Services space 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 ABM Industries. If investors know ABM 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 ABM Industries 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 (0.95) | Dividend Share 0.895 | Earnings Share 2.42 | Revenue Per Share 129.802 | Quarterly Revenue Growth 0.033 |
The market value of ABM Industries is measured differently than its book value, which is the value of ABM that is recorded on the company's balance sheet. Investors also form their own opinion of ABM Industries' value that differs from its market value or its book value, called intrinsic value, which is ABM Industries' 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 ABM Industries' market value can be influenced by many factors that don't directly affect ABM Industries' 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 ABM Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if ABM Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ABM Industries' 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.