Clean Harbors Stock Forecast - 8 Period Moving Average

CLH Stock  USD 202.21  0.93  0.46%   
The 8 Period Moving Average forecasted value of Clean Harbors on the next trading day is expected to be 209.35 with a mean absolute deviation of 5.41 and the sum of the absolute errors of 286.78. 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.
  
As of now, Clean Harbors' Payables Turnover is increasing as compared to previous years. The Clean Harbors' current Fixed Asset Turnover is estimated to increase to 2.97, while Inventory Turnover is projected to decrease to 10.04. . The Clean Harbors' current Net Income Applicable To Common Shares is estimated to increase to about 497.2 M, while Common Stock Shares Outstanding is projected to decrease to under 39.8 M.

Open Interest Against 2025-04-17 Clean Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Clean Harbors' 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 Clean Harbors' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Clean Harbors 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 Clean Harbors' open interest, investors have to compare it to Clean Harbors' 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 Clean Harbors 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 Clean. 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.
An 8-period moving average forecast model for Clean Harbors is based on an artificially constructed time series of Clean Harbors daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Clean Harbors 8 Period Moving Average Price Forecast For the 6th of March

Given 90 days horizon, the 8 Period Moving Average forecasted value of Clean Harbors on the next trading day is expected to be 209.35 with a mean absolute deviation of 5.41, mean absolute percentage error of 47.93, and the sum of the absolute errors of 286.78.
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 207.83 and 210.87, 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.
Market Value
202.21
207.83
Downside
209.35
Expected Value
210.87
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average 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.
AICAkaike Information Criteria107.2772
BiasArithmetic mean of the errors 3.3049
MADMean absolute deviation5.411
MAPEMean absolute percentage error0.024
SAESum of the absolute errors286.7837
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Clean Harbors 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

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.
Hype
Prediction
LowEstimatedHigh
197.47199.00221.41
Details
Intrinsic
Valuation
LowRealHigh
181.15211.82213.35
Details
14 Analysts
Consensus
LowTargetHigh
251.80276.70307.14
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.981.061.25
Details

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.

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.
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.

Currently Active Assets on Macroaxis

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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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
(0.15)
Earnings Share
7.19
Revenue Per Share
109.271
Quarterly Revenue Growth
0.069
Return On Assets
0.0609
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.