Western Magnesium Stock Probability of Future Pink Sheet Price Finishing Under -3.5E-5
Western Magnesium's future price is the expected price of Western Magnesium 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 Western Magnesium performance during a given time horizon utilizing its historical volatility. Check out Western Magnesium Backtesting, Western Magnesium Valuation, Western Magnesium Correlation, Western Magnesium Hype Analysis, Western Magnesium Volatility, Western Magnesium History as well as Western Magnesium Performance.
Please specify Western Magnesium's target price for which you would like Western Magnesium odds to be computed.
Western |
Western Magnesium Target Price Odds to finish below -3.5E-5
The tendency of Western Pink Sheet 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 Price | Horizon | Target Price | Odds to drop to $(0.000035) or more in 90 days |
| 0.00 | 90 days | (0.000035) | near 1 |
Based on a normal probability distribution, the odds of Western Magnesium to drop to $(0.000035) or more in 90 days from now is near 1 (This Western Magnesium probability density function shows the probability of Western Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Western Magnesium price to stay between $(0.000035) and its current price of $0.0 at the end of the 90-day period is under 4.
Given the investment horizon of 90 days Western Magnesium has the beta coefficient that is very close to zero. This indicates the returns on DOW JONES INDUSTRIAL and Western Magnesium do not appear to be reactive. Additionally It does not look like Western Magnesium's alpha can have any bearing on the current valuation. Western Magnesium Price Density |
| Price |
Predictive Modules for Western Magnesium
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Western Magnesium. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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, anticipate that the market will even out over time. This tendency of Western Magnesium's 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.
Western Magnesium Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Western Magnesium is not an exception. The market had few large corrections towards the Western Magnesium's 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 Western Magnesium, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Western Magnesium within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.00 | |
β | Beta against Dow Jones | 0.00 | |
σ | Overall volatility | 0.000044 | |
Ir | Information ratio | 0.00 |
Western Magnesium 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 Western Magnesium for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Western Magnesium can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Western Magnesium generated a negative expected return over the last 90 days | |
| Western Magnesium has high historical volatility and very poor performance | |
| Western Magnesium has some characteristics of a very speculative penny stock | |
| Western Magnesium has a very high chance of going through financial distress in the upcoming years | |
| Western Magnesium currently holds 2.4 M in liabilities with Debt to Equity (D/E) ratio of 0.15, which may suggest the company is not taking enough advantage from borrowing. Western Magnesium has a current ratio of 0.11, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Western Magnesium until it has trouble settling it off, either with new capital or with free cash flow. So, Western Magnesium's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Western Magnesium sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Western to invest in growth at high rates of return. When we think about Western Magnesium's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (23.55 M) with loss before overhead, payroll, taxes, and interest of (515.52 K). | |
| Western Magnesium currently holds about 16.7 K in cash with (6.37 M) of positive cash flow from operations. |
Western Magnesium 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 Western Pink Sheet often depends not only on the future outlook of the current and potential Western Magnesium'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. Western Magnesium's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 392.9 M | |
| Cash And Short Term Investments | 462.4 K |
Western Magnesium Technical Analysis
Western Magnesium's future price can be derived by breaking down and analyzing its technical indicators over time. Western Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Western Magnesium. In general, you should focus on analyzing Western Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Western Magnesium Predictive Forecast Models
Western Magnesium's time-series forecasting models is one of many Western Magnesium's pink sheet analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are 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. This non-stationary Western Magnesium's 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 pink sheet market movement and maximize returns from investment trading.
Things to note about Western Magnesium
Checking the ongoing alerts about Western Magnesium for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Western Magnesium help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Western Magnesium generated a negative expected return over the last 90 days | |
| Western Magnesium has high historical volatility and very poor performance | |
| Western Magnesium has some characteristics of a very speculative penny stock | |
| Western Magnesium has a very high chance of going through financial distress in the upcoming years | |
| Western Magnesium currently holds 2.4 M in liabilities with Debt to Equity (D/E) ratio of 0.15, which may suggest the company is not taking enough advantage from borrowing. Western Magnesium has a current ratio of 0.11, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Western Magnesium until it has trouble settling it off, either with new capital or with free cash flow. So, Western Magnesium's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Western Magnesium sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Western to invest in growth at high rates of return. When we think about Western Magnesium's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (23.55 M) with loss before overhead, payroll, taxes, and interest of (515.52 K). | |
| Western Magnesium currently holds about 16.7 K in cash with (6.37 M) of positive cash flow from operations. |
Other Information on Investing in Western Pink Sheet
Western Magnesium financial ratios help investors to determine whether Western Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Western with respect to the benefits of owning Western Magnesium security.