Workhorse Stock Forward View
| WKHS Stock | USD 4.90 0.08 1.66% |
Workhorse Stock outlook is based on your current time horizon.
At this time, the relative strength index (RSI) of Workhorse's share price is approaching 37. This entails that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Workhorse, making its price go up or down. Momentum 37
Sell Extended
Oversold | Overbought |
Quarterly Earnings Growth 190.435 | EPS Estimate Next Quarter (1.34) | EPS Estimate Current Year (59.28) | EPS Estimate Next Year (25.80) | Wall Street Target Price 7.8 |
Using Workhorse hype-based prediction, you can estimate the value of Workhorse Group from the perspective of Workhorse response to recently generated media hype and the effects of current headlines on its competitors.
Workhorse Relative Strength Index
The Naive Prediction forecasted value of Workhorse Group on the next trading day is expected to be 2.79 with a mean absolute deviation of 0.80 and the sum of the absolute errors of 49.76.Workhorse Group Hype to Price Pattern
Investor biases related to Workhorse's public news can be used to forecast risks associated with an investment in Workhorse. The trend in average sentiment can be used to explain how an investor holding Workhorse can time the market purely based on public headlines and social activities around Workhorse Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Workhorse's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Workhorse.
The Naive Prediction forecasted value of Workhorse Group on the next trading day is expected to be 2.79 with a mean absolute deviation of 0.80 and the sum of the absolute errors of 49.76. Workhorse after-hype prediction price | USD 5.1 |
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.
Workhorse | Build AI portfolio with Workhorse Stock |
Workhorse Additional Predictive Modules
Most predictive techniques to examine Workhorse price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Workhorse using various technical indicators. When you analyze Workhorse 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 |
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Workhorse's financial statements to predict how it will affect future prices.
Cash | First Reported 2008-09-30 | Previous Quarter 2.2 M | Current Value 12.7 M | Quarterly Volatility 55 M |
Workhorse Naive Prediction Price Forecast For the 1st of February
Given 90 days horizon, the Naive Prediction forecasted value of Workhorse Group on the next trading day is expected to be 2.79 with a mean absolute deviation of 0.80, mean absolute percentage error of 0.94, and the sum of the absolute errors of 49.76.Please note that although there have been many attempts to predict Workhorse 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 Workhorse's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Workhorse Stock Forecast Pattern
| Backtest Workhorse | Workhorse Price Prediction | Buy or Sell Advice |
Workhorse Forecasted Value
In the context of forecasting Workhorse'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. Workhorse's downside and upside margins for the forecasting period are 0.05 and 10.97, respectively. We have considered Workhorse'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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Workhorse stock data series using in forecasting. Note that when a statistical model is used to represent Workhorse 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 | 119.8887 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.8026 |
| MAPE | Mean absolute percentage error | 0.1154 |
| SAE | Sum of the absolute errors | 49.7584 |
Predictive Modules for Workhorse
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Workhorse Group. 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.Workhorse After-Hype Price Density Analysis
As far as predicting the price of Workhorse 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 Workhorse 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 Workhorse, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Workhorse Estimiated After-Hype Price Volatility
In the context of predicting Workhorse's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Workhorse's historical news coverage. Workhorse's after-hype downside and upside margins for the prediction period are 0.26 and 13.28, respectively. We have considered Workhorse'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
Workhorse is risky at this time. Analysis and calculation of next after-hype price of Workhorse Group is based on 3 months time horizon.
Workhorse Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Workhorse is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Workhorse 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 Workhorse, 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 |
1.04 | 8.18 | 0.20 | 0.02 | 8 Events / Month | 5 Events / Month | In about 8 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
4.90 | 5.10 | 4.08 |
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Workhorse Hype Timeline
Workhorse Group is at this time traded for 4.90. The entity has historical hype elasticity of 0.2, and average elasticity to hype of competition of -0.02. Workhorse is forecasted to increase in value after the next headline, with the price projected to jump to 5.1 or above. The average volatility of media hype impact on the company the price is over 100%. The price appreciation on the next news is projected to be 4.08%, whereas the daily expected return is at this time at -1.04%. The volatility of related hype on Workhorse is about 45444.44%, with the expected price after the next announcement by competition of 4.88. Workhorse Group currently holds about 140.06 M in cash with (47.59 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.86. Given the investment horizon of 90 days the next forecasted press release will be in about 8 days. Check out Historical Fundamental Analysis of Workhorse to cross-verify your projections.Workhorse Related Hype Analysis
Having access to credible news sources related to Workhorse's direct competition is more important than ever and may enhance your ability to predict Workhorse's future price movements. Getting to know how Workhorse'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 Workhorse may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| CREV | Carbon Revolution Public | 0.14 | 6 per month | 0.00 | (0.14) | 13.14 | (25.85) | 57.57 | |
| FLYE | Fly E Group Common | 0.16 | 9 per month | 11.97 | 0.04 | 21.57 | (20.17) | 284.75 | |
| YJ | Yunji Inc | (0.03) | 6 per month | 0.00 | (0.06) | 6.50 | (6.04) | 19.76 | |
| CENN | Cenntro Electric Group | 0.00 | 3 per month | 0.00 | (0.06) | 13.33 | (6.67) | 24.81 | |
| AIEV | Thunder Power Holdings | (0.48) | 26 per month | 13.50 | 0.05 | 46.15 | (27.78) | 138.46 | |
| GORV | Lazydays Holdings | 0.11 | 8 per month | 0.00 | (0.23) | 13.27 | (22.68) | 54.71 | |
| LOBO | LOBO EV TECHNOLOGIES | 0.03 | 8 per month | 0.00 | (0.05) | 13.64 | (11.63) | 47.21 | |
| INEO | INNEOVA Holdings Limited | 0.02 | 8 per month | 0.00 | (0.09) | 7.55 | (11.48) | 29.22 | |
| SOND | Sonder Holdings | (0.02) | 8 per month | 24.50 | 0.10 | 67.74 | (61.54) | 2,000 | |
| ECDA | ECD Automotive Design | (0.11) | 11 per month | 0.00 | (0.34) | 17.65 | (27.61) | 138.90 |
Other Forecasting Options for Workhorse
For every potential investor in Workhorse, whether a beginner or expert, Workhorse's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Workhorse Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Workhorse. Basic forecasting techniques help filter out the noise by identifying Workhorse's price trends.Workhorse 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 Workhorse stock to make a market-neutral strategy. Peer analysis of Workhorse could also be used in its relative valuation, which is a method of valuing Workhorse by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Workhorse Market Strength Events
Market strength indicators help investors to evaluate how Workhorse stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Workhorse shares will generate the highest return on investment. By undertsting and applying Workhorse stock market strength indicators, traders can identify Workhorse Group entry and exit signals to maximize returns.
Workhorse Risk Indicators
The analysis of Workhorse'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 Workhorse's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting workhorse 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 | 4.69 | |||
| Standard Deviation | 7.92 | |||
| Variance | 62.67 |
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 Workhorse
The number of cover stories for Workhorse depends on current market conditions and Workhorse's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Workhorse 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 Workhorse'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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Workhorse Short Properties
Workhorse's future price predictability will typically decrease when Workhorse's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Workhorse Group often depends not only on the future outlook of the potential Workhorse'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. Workhorse's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2 M | |
| Cash And Short Term Investments | 4.1 M |
Additional Tools for Workhorse Stock Analysis
When running Workhorse's price analysis, check to measure Workhorse's 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 Workhorse is operating at the current time. Most of Workhorse's value examination focuses on studying past and present price action to predict the probability of Workhorse's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Workhorse's price. Additionally, you may evaluate how the addition of Workhorse to your portfolios can decrease your overall portfolio volatility.