Republic Services Stock Forecast - Double Exponential Smoothing

RSG Stock  USD 202.14  1.55  0.77%   
The Double Exponential Smoothing forecasted value of Republic Services on the next trading day is expected to be 202.10 with a mean absolute deviation of 1.46 and the sum of the absolute errors of 87.44. Republic Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Republic Services' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
The Republic Services' current Inventory Turnover is estimated to increase to 135.59. The Republic Services' current Payables Turnover is estimated to increase to 11.22. The Republic Services' current Common Stock Shares Outstanding is estimated to increase to about 324.9 M. The Republic Services' current Net Income Applicable To Common Shares is estimated to increase to about 1.8 B.
Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Republic Services works best with periods where there are trends or seasonality.

Republic Services Double Exponential Smoothing Price Forecast For the 7th of November

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Republic Services on the next trading day is expected to be 202.10 with a mean absolute deviation of 1.46, mean absolute percentage error of 3.39, and the sum of the absolute errors of 87.44.
Please note that although there have been many attempts to predict Republic 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 Republic Services' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Republic Services Stock Forecast Pattern

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Republic Services Forecasted Value

In the context of forecasting Republic Services' 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. Republic Services' downside and upside margins for the forecasting period are 201.22 and 202.97, respectively. We have considered Republic Services' 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
202.14
201.22
Downside
202.10
Expected Value
202.97
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Republic Services stock data series using in forecasting. Note that when a statistical model is used to represent Republic Services 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 CriteriaHuge
BiasArithmetic mean of the errors 0.2549
MADMean absolute deviation1.4573
MAPEMean absolute percentage error0.0072
SAESum of the absolute errors87.4409
When Republic Services prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any Republic Services trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Republic Services observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Republic Services

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Republic Services. 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 Republic Services' 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
201.25202.13203.01
Details
Intrinsic
Valuation
LowRealHigh
183.33184.20222.35
Details
Bollinger
Band Projection (param)
LowMiddleHigh
197.94203.06208.19
Details
23 Analysts
Consensus
LowTargetHigh
151.01165.94184.19
Details

Other Forecasting Options for Republic Services

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

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

Republic Services 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 Republic Services' 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 Republic Services' current price.

Republic Services Market Strength Events

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

Republic Services Risk Indicators

The analysis of Republic Services' 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 Republic Services' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting republic 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 Republic Services is a strong investment it is important to analyze Republic Services' 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 Republic Services' future performance. For an informed investment choice regarding Republic Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Republic Services to cross-verify your projections.
For more detail on how to invest in Republic Stock please use our How to Invest in Republic Services guide.
You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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 Republic Services. If investors know Republic 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 Republic Services 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
0.185
Dividend Share
2.185
Earnings Share
6.31
Revenue Per Share
50.242
Quarterly Revenue Growth
0.065
The market value of Republic Services is measured differently than its book value, which is the value of Republic that is recorded on the company's balance sheet. Investors also form their own opinion of Republic Services' value that differs from its market value or its book value, called intrinsic value, which is Republic Services' 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 Republic Services' market value can be influenced by many factors that don't directly affect Republic Services' 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 Republic Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Republic Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Republic Services' 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.