ABM Industries Story

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ABM -- USA Stock  

USD 40.22  0.97  2.35%

Macroaxis News
By Raphi Shpitalnik  
Macroaxis Story
As many millenniums are trying to avoid industrials space, it makes sense to summarize ABM Industries Incorporated a little further and try to understand its current market patterns. As we have suggested previously, ABM Industries is beginning its pull down as stakeholders shift to be more bearish due to the increased sector volatility. The returns on investing in ABM Industries and the market returns of the last few months appear not related. Sluggish forward indicators of the company may also denote signs of medium-term losses for ABM Industries stakeholders. ABM Industries Incor is scheduled to announce its earnings today. The next earnings report is expected on the 3rd of March 2021.
Published over a month ago
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Will ABM Industries (NYSE:ABM) continue to pull down in January?
The entity's average rating is Hold from 6 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on ABM Industries market sentiment investors' perception of the future value of ABM Industries. Let us look at a few aspects of ABM Industries technical analysis.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of ABM Industries Incorporated. In general, we focus on analyzing ABM Industries stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build ABM Industries's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of ABM Industries's intrinsic value. In addition to deriving basic predictive indicators for ABM Industries, we also check how macroeconomic factors affect ABM Industries price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of ABM Industries' stock 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. Please use the tools below to analyze the current value of ABM Industries in the context of predictive analytics.
Hype
Prediction
Details
Intrinsic
Valuation
Details
Naive
Forecast
Details
6 Analysts
Consensus
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ABM Industries. Your research has to be compared to or analyzed against ABM Industries' peers to derive any actionable benefits. When done correctly, ABM Industries' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in ABM Industries Incor.

How does ABM Industries Stands against Peers?

Analyzing ABM Industries competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to ABM Industries across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.
Check out ABM Industries Competition Details

How ABM Industries utilizes its cash?

To perform a cash flow analysis of ABM Industries, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash ABM Industries is receiving and how much cash it distributes out in a given period. The ABM Industries cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. ABM Industries Net Cash Flow from Operations is relatively stable at the moment as compared to the past year. The company's current value of Net Cash Flow from Operations is estimated at 567.66 Million

Closer look at ABM Industries Variance

ABM Industries Incorporated has current Variance of 5.31. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.

Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.

Variance 
 = 
SUM(RET DEV)2 
N 
 = 
5.31
SUM = Summation notation
RET DEV = Actual returns deviation over selected period
N = Number of points for the period
Let's now compare ABM Industries Variance to its closest peers:
ABM
BV
DLHC
ARC
ABM5.31
BV10.26
DLHC14.44
ARC16.42

ABM Industries is projected to stay under $42 in January

Expected Short fall just dropped to -1.78, may denote upcoming price depreciation. ABM Industries Incorporated currently demonstrates below-verage downside deviation. It has Information Ratio of 0.03 and Jensen Alpha of 0.21. However, we do advice investors to further question ABM Industries Incorporated expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk.

Our Conclusion on ABM Industries

While some companies under the specialty business services industry are still a bit expensive, ABM Industries may offer a potential longer-term growth to stakeholders. To conclude, as of the 16th of December 2020, our analysis shows that ABM Industries moves indifferently to market moves. The company is overvalued and projects low probability of bankruptcy for the next 2 years. Our up-to-date 30 days advice on the company is Strong Sell.

About Contributor

Raphi Shpitalnik is a Junior Member of Macroaxs Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time base at the beginning of the pandemic and eventually acquired a real test for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI. View Profile
This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of ABM Industries Incorporated. Please refer to our Terms of Use for any information regarding our disclosure principles.

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