Gfl Environmental Stock Forecast - 4 Period Moving Average
| GFL Stock | USD 46.66 0.44 0.93% |
The 4 Period Moving Average forecasted value of Gfl Environmental Holdings on the next trading day is expected to be 46.67 with a mean absolute deviation of 0.57 and the sum of the absolute errors of 32.75. Gfl Stock Forecast is based on your current time horizon. Although Gfl Environmental's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Gfl Environmental's systematic risk associated with finding meaningful patterns of Gfl Environmental fundamentals over time.
Gfl |
Gfl Environmental 4 Period Moving Average Price Forecast For the 4th of December
Given 90 days horizon, the 4 Period Moving Average forecasted value of Gfl Environmental Holdings on the next trading day is expected to be 46.67 with a mean absolute deviation of 0.57, mean absolute percentage error of 0.70, and the sum of the absolute errors of 32.75.Please note that although there have been many attempts to predict Gfl 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 Gfl Environmental's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Gfl Environmental Stock Forecast Pattern
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Gfl Environmental Forecasted Value
In the context of forecasting Gfl Environmental'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. Gfl Environmental's downside and upside margins for the forecasting period are 45.17 and 48.17, respectively. We have considered Gfl Environmental'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 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Gfl Environmental stock data series using in forecasting. Note that when a statistical model is used to represent Gfl Environmental 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 | 110.3989 |
| Bias | Arithmetic mean of the errors | -0.281 |
| MAD | Mean absolute deviation | 0.5746 |
| MAPE | Mean absolute percentage error | 0.0134 |
| SAE | Sum of the absolute errors | 32.7525 |
Predictive Modules for Gfl Environmental
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Gfl Environmental. 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 Gfl Environmental
For every potential investor in Gfl, whether a beginner or expert, Gfl Environmental's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Gfl Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Gfl. Basic forecasting techniques help filter out the noise by identifying Gfl Environmental's price trends.Gfl Environmental 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 Gfl Environmental stock to make a market-neutral strategy. Peer analysis of Gfl Environmental could also be used in its relative valuation, which is a method of valuing Gfl Environmental by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Gfl Environmental 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 Gfl Environmental'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 Gfl Environmental's current price.| Cycle Indicators | ||
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Gfl Environmental Market Strength Events
Market strength indicators help investors to evaluate how Gfl Environmental stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gfl Environmental shares will generate the highest return on investment. By undertsting and applying Gfl Environmental stock market strength indicators, traders can identify Gfl Environmental Holdings entry and exit signals to maximize returns.
Gfl Environmental Risk Indicators
The analysis of Gfl Environmental'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 Gfl Environmental's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting gfl 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 | 1.23 | |||
| Semi Deviation | 1.34 | |||
| Standard Deviation | 1.56 | |||
| Variance | 2.45 | |||
| Downside Variance | 2.13 | |||
| Semi Variance | 1.79 | |||
| Expected Short fall | (1.34) |
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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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 Gfl Environmental. If investors know Gfl 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 Gfl Environmental 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 4.972 | Dividend Share 0.073 | Earnings Share (1.28) | Revenue Per Share 21.876 | Quarterly Revenue Growth 0.066 |
The market value of Gfl Environmental is measured differently than its book value, which is the value of Gfl that is recorded on the company's balance sheet. Investors also form their own opinion of Gfl Environmental's value that differs from its market value or its book value, called intrinsic value, which is Gfl Environmental'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 Gfl Environmental's market value can be influenced by many factors that don't directly affect Gfl Environmental'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 Gfl Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gfl Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gfl Environmental'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.