ABM Industries Stock Probability of Future Stock Price Finishing Over 45.71

ABM
 Stock
  

USD 45.71  0.65  1.44%   

ABM Industries' future price is the expected price of ABM Industries instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of ABM Industries Incorporated performance during a given time horizon utilizing its historical volatility. Price to Earnings Ratio is expected to hike to 27.78 this year, although Price to Book Value will most likely fall to 2.05.
  
ABM Industries' implied volatility is one of the determining factors in the pricing options written on ABM Industries Incorporated. Implied volatility approximates the future value of ABM Industries based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in ABM Industries Incorporated over a specific time period. For example, 2022-12-16 CALL at $45.0 is a CALL option contract on ABM Industries' common stock with a strick price of 45.0 expiring on 2022-12-16. The contract was last traded on 2022-12-08 at 12:00:56 for $1.25 and, as of today, has 7 days remaining before the expiration. The option is currently trading at a bid price of $1.0, and an ask price of $2.25. The implied volatility as of the 9th of December is 45.9048. View All ABM Industries options

Closest to current price ABM Industries long CALL Option Payoff at Expiration

Please continue to ABM Industries Backtesting, ABM Industries Valuation, ABM Industries Correlation, ABM Industries Hype Analysis, ABM Industries Volatility, ABM Industries History as well as ABM Industries Performance. Please specify ABM Industries time horizon, a valid symbol (red box) and a target price (blue box) you would like ABM Industries odds to be computed.

ABM Industries Target Price Odds to finish over 45.71

The tendency of ABM Industries Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move above the current price in 90 days
 45.71 90 days 45.71 
about 13.83
Based on a normal probability distribution, the odds of ABM Industries to move above the current price in 90 days from now is about 13.83 (This ABM Industries Incorporated probability density function shows the probability of ABM Industries Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.11 . This suggests ABM Industries Incorporated market returns are highly reactive to returns on the market. As the market goes up or down, ABM Industries is expected to follow. Additionally The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. ABM Industries Incor is significantly underperforming NYSE Composite.
   ABM Industries Price Density   
       Price  

Predictive Modules for ABM Industries

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ABM Industries Incor. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of ABM Industries' 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. Please use the tools below to analyze the current value of ABM Industries in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
43.0245.1947.36
Details
Intrinsic
Valuation
LowReal ValueHigh
40.6749.4051.57
Details
Naive
Forecast
LowNext ValueHigh
42.8144.9847.16
Details
3 Analysts
Consensus
LowTarget PriceHigh
55.0055.0055.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ABM Industries. Your research has to be compared to or analyzed against ABM Industries' peers to derive any actionable benefits. When done correctly, ABM Industries' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in ABM Industries Incor.

ABM Industries Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. ABM Industries is not an exception. The market had few large corrections towards the ABM Industries' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold ABM Industries Incorporated, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ABM Industries within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.06
β
Beta against NYSE Composite1.11
σ
Overall volatility
2.62
Ir
Information ratio -0.03

ABM Industries Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of ABM Industries for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ABM Industries Incor can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
ABM Industries Incor has a strong financial position based on the latest SEC filings
Over 96.0% of the company shares are held by institutions such as insurance companies
On 7th of November 2022 ABM Industries paid $ 0.195 per share dividend to its current shareholders
Latest headline from news.google.com: ABM Industries Undervalued Dividend King With Big Upside Potential - Seeking Alpha

ABM Industries Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of ABM Industries Stock often depends not only on the future outlook of the current and potential ABM Industries' 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. ABM Industries' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding68000000.00
Cash And Short Term Investments62800000.00

ABM Industries Technical Analysis

ABM Industries' future price can be derived by breaking down and analyzing its technical indicators over time. ABM Industries Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ABM Industries Incorporated. In general, you should focus on analyzing ABM Industries Stock price patterns and their correlations with different microeconomic environments and drivers.

ABM Industries Predictive Forecast Models

ABM Industries time-series forecasting models is one of many ABM Industries' stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary ABM Industries' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about ABM Industries Incor

Checking the ongoing alerts about ABM Industries for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ABM Industries Incor help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
ABM Industries Incor has a strong financial position based on the latest SEC filings
Over 96.0% of the company shares are held by institutions such as insurance companies
On 7th of November 2022 ABM Industries paid $ 0.195 per share dividend to its current shareholders
Latest headline from news.google.com: ABM Industries Undervalued Dividend King With Big Upside Potential - Seeking Alpha
Please continue to ABM Industries Backtesting, ABM Industries Valuation, ABM Industries Correlation, ABM Industries Hype Analysis, ABM Industries Volatility, ABM Industries History as well as ABM Industries Performance. Note that the ABM Industries Incor information on this page should be used as a complementary analysis to other ABM Industries' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.

Complementary Tools for ABM Industries Stock analysis

When running ABM Industries Incor price analysis, check to measure ABM Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ABM Industries is operating at the current time. Most of ABM Industries' value examination focuses on studying past and present price action to predict the probability of ABM Industries' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ABM Industries' price. Additionally, you may evaluate how the addition of ABM Industries to your portfolios can decrease your overall portfolio volatility.
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Is ABM Industries' industry 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 ABM Industries. If investors know ABM Industries 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 ABM Industries 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 YOY
0.565
Market Capitalization
B
Quarterly Revenue Growth YOY
0.271
Return On Assets
0.0492
Return On Equity
0.1324
The market value of ABM Industries Incor is measured differently than its book value, which is the value of ABM Industries that is recorded on the company's balance sheet. Investors also form their own opinion of ABM Industries' value that differs from its market value or its book value, called intrinsic value, which is ABM Industries' 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 ABM Industries' market value can be influenced by many factors that don't directly affect ABM Industries' 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 ABM Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine ABM Industries value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ABM Industries' 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.