STERIS Plc Stock Forecast - Simple Regression
| STE Stock | USD 221.70 1.42 0.64% |
The Simple Regression forecasted value of STERIS plc on the next trading day is expected to be 208.92 with a mean absolute deviation of 4.52 and the sum of the absolute errors of 275.63. STERIS Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast STERIS Plc stock prices and determine the direction of STERIS plc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of STERIS Plc's historical fundamentals, such as revenue growth or operating cash flow patterns.
STERIS |
Open Interest Against 2025-03-21 STERIS Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast STERIS Plc'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 STERIS Plc's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for STERIS Plc 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 STERIS Plc's open interest, investors have to compare it to STERIS Plc'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 STERIS Plc 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 STERIS. 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.
STERIS Plc Simple Regression Price Forecast For the 31st of January
Given 90 days horizon, the Simple Regression forecasted value of STERIS plc on the next trading day is expected to be 208.92 with a mean absolute deviation of 4.52, mean absolute percentage error of 30.76, and the sum of the absolute errors of 275.63.Please note that although there have been many attempts to predict STERIS 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 STERIS Plc's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
STERIS Plc Stock Forecast Pattern
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STERIS Plc Forecasted Value
In the context of forecasting STERIS Plc'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. STERIS Plc's downside and upside margins for the forecasting period are 207.58 and 210.26, respectively. We have considered STERIS Plc'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 Regression forecasting method's relative quality and the estimations of the prediction error of STERIS Plc stock data series using in forecasting. Note that when a statistical model is used to represent STERIS Plc 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 | 121.5368 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 4.5185 |
| MAPE | Mean absolute percentage error | 0.0211 |
| SAE | Sum of the absolute errors | 275.6313 |
Predictive Modules for STERIS Plc
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as STERIS plc. 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 STERIS Plc'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.
Other Forecasting Options for STERIS Plc
For every potential investor in STERIS, whether a beginner or expert, STERIS Plc's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. STERIS Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in STERIS. Basic forecasting techniques help filter out the noise by identifying STERIS Plc's price trends.View STERIS Plc Related Equities
| Risk & Return | Correlation |
STERIS plc 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 STERIS Plc'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 STERIS Plc's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volume Indicators |
STERIS Plc Market Strength Events
Market strength indicators help investors to evaluate how STERIS Plc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading STERIS Plc shares will generate the highest return on investment. By undertsting and applying STERIS Plc stock market strength indicators, traders can identify STERIS plc entry and exit signals to maximize returns.
| Accumulation Distribution | 5422.15 | |||
| Daily Balance Of Power | 0.3632 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 222.24 | |||
| Day Typical Price | 222.06 | |||
| Price Action Indicator | 0.17 | |||
| Period Momentum Indicator | 1.42 |
STERIS Plc Risk Indicators
The analysis of STERIS Plc'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 STERIS Plc's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting steris 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 | 0.9421 | |||
| Semi Deviation | 1.33 | |||
| Standard Deviation | 1.35 | |||
| Variance | 1.82 | |||
| Downside Variance | 1.82 | |||
| Semi Variance | 1.76 | |||
| Expected Short fall | (1.01) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether STERIS plc is a strong investment it is important to analyze STERIS Plc's 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 STERIS Plc's future performance. For an informed investment choice regarding STERIS Stock, refer to the following important reports:Check out Historical Fundamental Analysis of STERIS Plc to cross-verify your projections. For information on how to trade STERIS Stock refer to our How to Trade STERIS Stock 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 Health Care Equipment & Supplies 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 STERIS Plc. If investors know STERIS 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 STERIS Plc 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 0.305 | Dividend Share 2.13 | Earnings Share 5.95 | Revenue Per Share | Quarterly Revenue Growth 0.073 |
The market value of STERIS plc is measured differently than its book value, which is the value of STERIS that is recorded on the company's balance sheet. Investors also form their own opinion of STERIS Plc's value that differs from its market value or its book value, called intrinsic value, which is STERIS Plc'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 STERIS Plc's market value can be influenced by many factors that don't directly affect STERIS Plc'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 STERIS Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if STERIS Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, STERIS Plc'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.