Whitecap Resources Stock Probability of Future Pink Sheet Price Finishing Under 5.95
| SPGYF Stock | USD 7.66 0.14 1.86% |
Whitecap |
Whitecap Resources Target Price Odds to finish below 5.95
The tendency of Whitecap 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 $ 5.95 or more in 90 days |
| 7.66 | 90 days | 5.95 | near 1 |
Based on a normal probability distribution, the odds of Whitecap Resources to drop to $ 5.95 or more in 90 days from now is near 1 (This Whitecap Resources probability density function shows the probability of Whitecap Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Whitecap Resources price to stay between $ 5.95 and its current price of $7.66 at the end of the 90-day period is about 73.37 .
Assuming the 90 days horizon Whitecap Resources has a beta of 0.37. This usually implies as returns on the market go up, Whitecap Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Whitecap Resources will be expected to be much smaller as well. Additionally Whitecap Resources has an alpha of 0.0191, implying that it can generate a 0.0191 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Whitecap Resources Price Density |
| Price |
Predictive Modules for Whitecap Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Whitecap Resources. 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 Whitecap Resources' 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.
Whitecap Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Whitecap Resources is not an exception. The market had few large corrections towards the Whitecap Resources' 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 Whitecap Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Whitecap Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.02 | |
β | Beta against Dow Jones | 0.37 | |
σ | Overall volatility | 0.24 | |
Ir | Information ratio | -0.03 |
Whitecap Resources 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 Whitecap Pink Sheet often depends not only on the future outlook of the current and potential Whitecap Resources' 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. Whitecap Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 615.8 M |
Whitecap Resources Technical Analysis
Whitecap Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Whitecap Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Whitecap Resources. In general, you should focus on analyzing Whitecap Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Whitecap Resources Predictive Forecast Models
Whitecap Resources' time-series forecasting models is one of many Whitecap Resources' 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 Whitecap Resources' 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Whitecap Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Whitecap Resources' short interest history, or implied volatility extrapolated from Whitecap Resources options trading.
Other Information on Investing in Whitecap Pink Sheet
Whitecap Resources financial ratios help investors to determine whether Whitecap 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 Whitecap with respect to the benefits of owning Whitecap Resources security.