Waste Management Stock Forecast - Naive Prediction
| WM Stock | USD 217.90 3.82 1.72% |
The Naive Prediction forecasted value of Waste Management on the next trading day is expected to be 222.46 with a mean absolute deviation of 2.02 and the sum of the absolute errors of 123.48. Waste Stock Forecast is based on your current time horizon. Although Waste Management's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Waste Management's systematic risk associated with finding meaningful patterns of Waste Management fundamentals over time.
Waste |
Open Interest Against 2024-12-20 Waste Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Waste Management'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 Waste Management's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Waste Management 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 Waste Management's open interest, investors have to compare it to Waste Management'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 Waste Management 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 Waste. 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.
Waste Management Cash Forecast
Forecasting financial indicators like cash flow involves analysts applying various statistical methods, techniques, and algorithms. These tools reveal hidden trends within the Waste Management's financial statements to estimate their effects on upcoming price movements.
Cash | First Reported 1987-12-31 | Previous Quarter 176 M | Current Value 614 M | Quarterly Volatility 569.7 M |
Waste Management Naive Prediction Price Forecast For the 18th of November 2024
Given 90 days horizon, the Naive Prediction forecasted value of Waste Management on the next trading day is expected to be 222.46 with a mean absolute deviation of 2.02, mean absolute percentage error of 6.76, and the sum of the absolute errors of 123.48.Please note that although there have been many attempts to predict Waste 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 Waste Management's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Waste Management Stock Forecast Pattern
| Backtest Waste Management | Waste Management Price Prediction | Buy or Sell Advice |
Waste Management Forecasted Value
In the context of forecasting Waste Management'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. Waste Management's downside and upside margins for the forecasting period are 221.34 and 223.58, respectively. We have considered Waste Management'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.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Waste Management stock data series using in forecasting. Note that when a statistical model is used to represent Waste Management 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.| AIC | Akaike Information Criteria | 120.0219 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.0243 |
| MAPE | Mean absolute percentage error | 0.0095 |
| SAE | Sum of the absolute errors | 123.4797 |
Predictive Modules for Waste Management
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Waste Management. 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.Other Forecasting Options for Waste Management
For every potential investor in Waste, whether a beginner or expert, Waste Management's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Waste Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Waste. Basic forecasting techniques help filter out the noise by identifying Waste Management's price trends.Waste Management 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 Waste Management stock to make a market-neutral strategy. Peer analysis of Waste Management could also be used in its relative valuation, which is a method of valuing Waste Management by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Waste Management 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 Waste Management'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 Waste Management's current price.| Cycle Indicators | ||
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Waste Management Market Strength Events
Market strength indicators help investors to evaluate how Waste Management stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Waste Management shares will generate the highest return on investment. By undertsting and applying Waste Management stock market strength indicators, traders can identify Waste Management entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0193 | |||
| Daily Balance Of Power | (0.89) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 219.39 | |||
| Day Typical Price | 218.89 | |||
| Market Facilitation Index | 4.28 | |||
| Price Action Indicator | (3.40) | |||
| Period Momentum Indicator | (3.82) | |||
| Relative Strength Index | 55.36 |
Waste Management Risk Indicators
The analysis of Waste Management'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 Waste Management's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting waste 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 | 0.7634 | |||
| Semi Deviation | 0.9179 | |||
| Standard Deviation | 1.12 | |||
| Variance | 1.26 | |||
| Downside Variance | 1.07 | |||
| Semi Variance | 0.8426 | |||
| Expected Short fall | (0.79) |
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 ArchitectCheck out Historical Fundamental Analysis of Waste Management to cross-verify your projections. To learn how to invest in Waste Stock, please use our How to Invest in Waste Management guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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 Waste Management. If investors know Waste 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 Waste Management 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 0.153 | Dividend Share 2.95 | Earnings Share 6.56 | Revenue Per Share 53.245 | Quarterly Revenue Growth 0.079 |
The market value of Waste Management is measured differently than its book value, which is the value of Waste that is recorded on the company's balance sheet. Investors also form their own opinion of Waste Management's value that differs from its market value or its book value, called intrinsic value, which is Waste Management'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 Waste Management's market value can be influenced by many factors that don't directly affect Waste Management'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 Waste Management's value and its price as these two are different measures arrived at by different means. Investors typically determine if Waste Management is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Waste Management'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.