Clean Harbors Stock Forecast - Naive Prediction
| CLH Stock | USD 259.00 6.50 2.57% |
The Naive Prediction forecasted value of Clean Harbors on the next trading day is expected to be 260.31 with a mean absolute deviation of 5.15 and the sum of the absolute errors of 314.37. Clean Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Clean Harbors' historical fundamentals, such as revenue growth or operating cash flow patterns.
Clean |
Clean Harbors Cash Forecast
Predicting cash flow or other financial metrics requires analysts to utilize a variety of statistical methods, techniques, and algorithms. These tools help uncover hidden patterns in the Clean Harbors' financial statements, enabling forecasts of their impact on future stock prices.
Cash | First Reported 1986-12-31 | Previous Quarter 402 M | Current Value 512.4 M | Quarterly Volatility 172.2 M |
Clean Harbors Naive Prediction Price Forecast For the 27th of November
Given 90 days horizon, the Naive Prediction forecasted value of Clean Harbors on the next trading day is expected to be 260.31 with a mean absolute deviation of 5.15, mean absolute percentage error of 47.16, and the sum of the absolute errors of 314.37.Please note that although there have been many attempts to predict Clean 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 Clean Harbors' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Clean Harbors Stock Forecast Pattern
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Clean Harbors Forecasted Value
In the context of forecasting Clean Harbors' 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. Clean Harbors' downside and upside margins for the forecasting period are 258.17 and 262.44, respectively. We have considered Clean Harbors' 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 Clean Harbors stock data series using in forecasting. Note that when a statistical model is used to represent Clean Harbors 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 | 121.9639 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 5.1536 |
| MAPE | Mean absolute percentage error | 0.0209 |
| SAE | Sum of the absolute errors | 314.368 |
Predictive Modules for Clean Harbors
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Clean Harbors. 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 Clean Harbors
For every potential investor in Clean, whether a beginner or expert, Clean Harbors' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Clean Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Clean. Basic forecasting techniques help filter out the noise by identifying Clean Harbors' price trends.Clean Harbors 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 Clean Harbors stock to make a market-neutral strategy. Peer analysis of Clean Harbors could also be used in its relative valuation, which is a method of valuing Clean Harbors by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Clean Harbors 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 Clean Harbors' 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 Clean Harbors' current price.| Cycle Indicators | ||
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Clean Harbors Market Strength Events
Market strength indicators help investors to evaluate how Clean Harbors stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Clean Harbors shares will generate the highest return on investment. By undertsting and applying Clean Harbors stock market strength indicators, traders can identify Clean Harbors entry and exit signals to maximize returns.
Clean Harbors Risk Indicators
The analysis of Clean Harbors' 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 Clean Harbors' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting clean 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 | 1.26 | |||
| Semi Deviation | 2.37 | |||
| Standard Deviation | 2.09 | |||
| Variance | 4.38 | |||
| Downside Variance | 6.63 | |||
| Semi Variance | 5.61 | |||
| Expected Short fall | (1.16) |
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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When determining whether Clean Harbors offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Clean Harbors' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Clean Harbors Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Clean Harbors Stock:Check out Historical Fundamental Analysis of Clean Harbors to cross-verify your projections. For more detail on how to invest in Clean Stock please use our How to Invest in Clean Harbors guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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 Clean Harbors. If investors know Clean 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 Clean Harbors 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 0.262 | Earnings Share 7.68 | Revenue Per Share 107.451 | Quarterly Revenue Growth 0.12 | Return On Assets 0.0628 |
The market value of Clean Harbors is measured differently than its book value, which is the value of Clean that is recorded on the company's balance sheet. Investors also form their own opinion of Clean Harbors' value that differs from its market value or its book value, called intrinsic value, which is Clean Harbors' 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 Clean Harbors' market value can be influenced by many factors that don't directly affect Clean Harbors' 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 Clean Harbors' value and its price as these two are different measures arrived at by different means. Investors typically determine if Clean Harbors is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clean Harbors' 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.