SiteOne Landscape Stock Forecast - Simple Moving Average
| SITE Stock | USD 147.84 5.17 3.62% |
The Simple Moving Average forecasted value of SiteOne Landscape Supply on the next trading day is expected to be 147.84 with a mean absolute deviation of 2.40 and the sum of the absolute errors of 141.76. SiteOne Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast SiteOne Landscape stock prices and determine the direction of SiteOne Landscape Supply's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of SiteOne Landscape's historical fundamentals, such as revenue growth or operating cash flow patterns.
The value of RSI of SiteOne Landscape's stock price is about 63. This usually implies that the stock is rather overbought by investors at the present time. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling SiteOne, making its price go up or down. Momentum 63
Buy Extended
Oversold | Overbought |
Using SiteOne Landscape hype-based prediction, you can estimate the value of SiteOne Landscape Supply from the perspective of SiteOne Landscape response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Moving Average forecasted value of SiteOne Landscape Supply on the next trading day is expected to be 147.84 with a mean absolute deviation of 2.40 and the sum of the absolute errors of 141.76. SiteOne Landscape after-hype prediction price | USD 147.84 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of SiteOne Landscape to cross-verify your projections. SiteOne Landscape Additional Predictive Modules
Most predictive techniques to examine SiteOne price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for SiteOne using various technical indicators. When you analyze SiteOne charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
SiteOne Landscape Simple Moving Average Price Forecast For the 23rd of January
Given 90 days horizon, the Simple Moving Average forecasted value of SiteOne Landscape Supply on the next trading day is expected to be 147.84 with a mean absolute deviation of 2.40, mean absolute percentage error of 10.26, and the sum of the absolute errors of 141.76.Please note that although there have been many attempts to predict SiteOne 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 SiteOne Landscape's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
SiteOne Landscape Stock Forecast Pattern
| Backtest SiteOne Landscape | SiteOne Landscape Price Prediction | Buy or Sell Advice |
SiteOne Landscape Forecasted Value
In the context of forecasting SiteOne Landscape'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. SiteOne Landscape's downside and upside margins for the forecasting period are 145.66 and 150.02, respectively. We have considered SiteOne Landscape'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 Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of SiteOne Landscape stock data series using in forecasting. Note that when a statistical model is used to represent SiteOne Landscape 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 | 116.7628 |
| Bias | Arithmetic mean of the errors | -0.5901 |
| MAD | Mean absolute deviation | 2.4026 |
| MAPE | Mean absolute percentage error | 0.0181 |
| SAE | Sum of the absolute errors | 141.755 |
Predictive Modules for SiteOne Landscape
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SiteOne Landscape Supply. 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 SiteOne Landscape's 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.
SiteOne Landscape After-Hype Price Prediction Density Analysis
As far as predicting the price of SiteOne Landscape at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in SiteOne Landscape or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of SiteOne Landscape, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
SiteOne Landscape Estimiated After-Hype Price Volatility
In the context of predicting SiteOne Landscape's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on SiteOne Landscape's historical news coverage. SiteOne Landscape's after-hype downside and upside margins for the prediction period are 145.66 and 150.02, respectively. We have considered SiteOne Landscape's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
SiteOne Landscape is very steady at this time. Analysis and calculation of next after-hype price of SiteOne Landscape Supply is based on 3 months time horizon.
SiteOne Landscape Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as SiteOne Landscape is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading SiteOne Landscape backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with SiteOne Landscape, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.30 | 2.18 | 0.03 | 0.02 | 4 Events / Month | 6 Events / Month | In about 4 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
147.84 | 147.84 | 0.00 |
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SiteOne Landscape Hype Timeline
SiteOne Landscape Supply is at this time traded for 147.84. The entity has historical hype elasticity of -0.03, and average elasticity to hype of competition of -0.02. SiteOne is anticipated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is anticipated to be very small, whereas the daily expected return is at this time at 0.3%. %. The volatility of related hype on SiteOne Landscape is about 2831.17%, with the expected price after the next announcement by competition of 147.82. About 99.0% of the company shares are owned by institutional investors. The book value of SiteOne Landscape was at this time reported as 38.07. The company has Price/Earnings To Growth (PEG) ratio of 2.52. SiteOne Landscape Supply had not issued any dividends in recent years. Given the investment horizon of 90 days the next anticipated press release will be in about 4 days. Check out Historical Fundamental Analysis of SiteOne Landscape to cross-verify your projections.SiteOne Landscape Related Hype Analysis
Having access to credible news sources related to SiteOne Landscape's direct competition is more important than ever and may enhance your ability to predict SiteOne Landscape's future price movements. Getting to know how SiteOne Landscape's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how SiteOne Landscape may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| MSM | MSC Industrial Direct | (0.11) | 8 per month | 1.68 | (0.01) | 3.10 | (3.15) | 10.04 | |
| GTES | Gates Industrial | 0.00 | 0 per month | 0.00 | (0.09) | 2.97 | (2.94) | 12.86 | |
| GATX | GATX Corporation | (0.11) | 4 per month | 1.28 | 0.02 | 1.96 | (1.90) | 6.30 | |
| FCN | FTI Consulting | 0.00 | 0 per month | 0.87 | 0.09 | 2.48 | (1.82) | 8.69 | |
| ACA | Arcosa Inc | (0.11) | 31 per month | 0.81 | 0.14 | 3.06 | (1.84) | 13.18 | |
| TKR | Timken Company | (0.11) | 8 per month | 1.11 | 0.13 | 3.38 | (2.13) | 8.44 | |
| NPO | Enpro Industries | (0.11) | 15 per month | 2.56 | (0.01) | 3.53 | (3.85) | 9.97 | |
| KEX | Kirby | (0.11) | 8 per month | 0.00 | 0.27 | 3.74 | (1.24) | 16.66 | |
| TREX | Trex Company | 0.00 | 0 per month | 0.00 | (0.04) | 3.78 | (2.31) | 32.74 | |
| KBR | KBR Inc | (0.11) | 35 per month | 1.70 | (0.03) | 3.22 | (2.79) | 10.41 |
Other Forecasting Options for SiteOne Landscape
For every potential investor in SiteOne, whether a beginner or expert, SiteOne Landscape's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. SiteOne Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in SiteOne. Basic forecasting techniques help filter out the noise by identifying SiteOne Landscape's price trends.SiteOne Landscape 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 SiteOne Landscape stock to make a market-neutral strategy. Peer analysis of SiteOne Landscape could also be used in its relative valuation, which is a method of valuing SiteOne Landscape by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
SiteOne Landscape Market Strength Events
Market strength indicators help investors to evaluate how SiteOne Landscape stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SiteOne Landscape shares will generate the highest return on investment. By undertsting and applying SiteOne Landscape stock market strength indicators, traders can identify SiteOne Landscape Supply entry and exit signals to maximize returns.
SiteOne Landscape Risk Indicators
The analysis of SiteOne Landscape'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 SiteOne Landscape's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting siteone 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 | 1.55 | |||
| Semi Deviation | 1.39 | |||
| Standard Deviation | 2.18 | |||
| Variance | 4.77 | |||
| Downside Variance | 2.93 | |||
| Semi Variance | 1.94 | |||
| Expected Short fall | (1.75) |
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.
Story Coverage note for SiteOne Landscape
The number of cover stories for SiteOne Landscape depends on current market conditions and SiteOne Landscape's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that SiteOne Landscape is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about SiteOne Landscape's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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SiteOne Landscape Short Properties
SiteOne Landscape's future price predictability will typically decrease when SiteOne Landscape's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of SiteOne Landscape Supply often depends not only on the future outlook of the potential SiteOne Landscape's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. SiteOne Landscape's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 45.6 M | |
| Cash And Short Term Investments | 107.1 M |
Check out Historical Fundamental Analysis of SiteOne Landscape to cross-verify your projections. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Stock 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 SiteOne Landscape. If investors know SiteOne 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 SiteOne Landscape listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of SiteOne Landscape Supply is measured differently than its book value, which is the value of SiteOne that is recorded on the company's balance sheet. Investors also form their own opinion of SiteOne Landscape's value that differs from its market value or its book value, called intrinsic value, which is SiteOne Landscape'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 SiteOne Landscape's market value can be influenced by many factors that don't directly affect SiteOne Landscape'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 SiteOne Landscape's value and its price as these two are different measures arrived at by different means. Investors typically determine if SiteOne Landscape is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SiteOne Landscape'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.