Willdan Stock Forecast - Treynor Ratio
| WLDN Stock | USD 43.18 0.06 0.14% |
Willdan Stock Forecast is based on your current time horizon. Although Willdan's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Willdan's systematic risk associated with finding meaningful patterns of Willdan fundamentals over time.
Willdan |
| Check Willdan Volatility | Backtest Willdan | Information Ratio |
Willdan Trading Date Momentum
| On November 29 2024 Willdan Group was traded for 43.18 at the closing time. The top price for the day was 43.80 and the lowest listed price was 42.29 . There was no trading activity during the period 0.0. Lack of trading volume on November 29, 2024 had no short-term effect on price fluctuation. The trading price change against the current closing price is 0.74% . |
| Compare Willdan to competition |
Other Forecasting Options for Willdan
For every potential investor in Willdan, whether a beginner or expert, Willdan's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Willdan Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Willdan. Basic forecasting techniques help filter out the noise by identifying Willdan's price trends.Willdan 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 Willdan stock to make a market-neutral strategy. Peer analysis of Willdan could also be used in its relative valuation, which is a method of valuing Willdan by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Willdan Group 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 Willdan'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 Willdan's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Willdan Market Strength Events
Market strength indicators help investors to evaluate how Willdan stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Willdan shares will generate the highest return on investment. By undertsting and applying Willdan stock market strength indicators, traders can identify Willdan Group entry and exit signals to maximize returns.
Willdan Risk Indicators
The analysis of Willdan'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 Willdan's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting willdan 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 | 1.56 | |||
| Semi Deviation | 2.11 | |||
| Standard Deviation | 2.2 | |||
| Variance | 4.84 | |||
| Downside Variance | 6.18 | |||
| Semi Variance | 4.45 | |||
| Expected Short fall | (1.46) |
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.
Pair Trading with Willdan
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Willdan position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Willdan will appreciate offsetting losses from the drop in the long position's value.Moving against Willdan Stock
| 0.84 | WHLM | Wilhelmina | PairCorr |
| 0.83 | FORR | Forrester Research | PairCorr |
| 0.82 | RGP | Resources Connection | PairCorr |
| 0.61 | EFX | Equifax | PairCorr |
| 0.55 | RTO | Rentokil Initial PLC | PairCorr |
The ability to find closely correlated positions to Willdan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Willdan when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Willdan - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Willdan Group to buy it.
The correlation of Willdan is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Willdan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Willdan Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Willdan can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Willdan to cross-verify your projections. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Is Research & Consulting 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 Willdan. If investors know Willdan 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 Willdan 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 3.636 | Earnings Share 1.64 | Revenue Per Share 42.175 | Quarterly Revenue Growth 0.192 | Return On Assets 0.0475 |
The market value of Willdan Group is measured differently than its book value, which is the value of Willdan that is recorded on the company's balance sheet. Investors also form their own opinion of Willdan's value that differs from its market value or its book value, called intrinsic value, which is Willdan'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 Willdan's market value can be influenced by many factors that don't directly affect Willdan'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 Willdan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Willdan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Willdan'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.