West African (Australia) Probability of Future Stock Price Finishing Over 0.94
| WAF Stock | 1.52 0.01 0.65% |
West |
West African Target Price Odds to finish over 0.94
The tendency of West Stock 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 stay above 0.94 in 90 days |
| 1.52 | 90 days | 0.94 | close to 99 |
Based on a normal probability distribution, the odds of West African to stay above 0.94 in 90 days from now is close to 99 (This West African Resources probability density function shows the probability of West Stock to fall within a particular range of prices over 90 days) . Probability of West African Resources price to stay between 0.94 and its current price of 1.52 at the end of the 90-day period is about 35.36 .
Assuming the 90 days trading horizon West African Resources has a beta of -0.46. This entails as returns on the benchmark increase, returns on holding West African are expected to decrease at a much lower rate. During a bear market, however, West African Resources is likely to outperform the market. Additionally West African Resources has an alpha of 0.2217, implying that it can generate a 0.22 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). West African Price Density |
| Price |
Predictive Modules for West African
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as West African Resources. 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.West African Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. West African is not an exception. The market had few large corrections towards the West African'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 West African Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of West African within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.22 | |
β | Beta against Dow Jones | -0.46 | |
σ | Overall volatility | 0.16 | |
Ir | Information ratio | 0.01 |
West African 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 West African for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for West African Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| West African may become a speculative penny stock | |
| West African had very high historical volatility over the last 90 days | |
| West African is unlikely to experience financial distress in the next 2 years | |
| About 67.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from news.google.com: West African Resources Explores New Gold Potential - TipRanks |
West African 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 West Stock often depends not only on the future outlook of the current and potential West African'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. West African's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1 B | |
| Cash And Short Term Investments | 135.1 M |
West African Technical Analysis
West African's future price can be derived by breaking down and analyzing its technical indicators over time. West Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of West African Resources. In general, you should focus on analyzing West Stock price patterns and their correlations with different microeconomic environments and drivers.
West African Predictive Forecast Models
West African's time-series forecasting models is one of many West African's stock 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 West African'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 stock market movement and maximize returns from investment trading.
Things to note about West African Resources
Checking the ongoing alerts about West African for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for West African Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| West African may become a speculative penny stock | |
| West African had very high historical volatility over the last 90 days | |
| West African is unlikely to experience financial distress in the next 2 years | |
| About 67.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from news.google.com: West African Resources Explores New Gold Potential - TipRanks |
Additional Tools for West Stock Analysis
When running West African's price analysis, check to measure West African'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 West African is operating at the current time. Most of West African's value examination focuses on studying past and present price action to predict the probability of West African's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move West African's price. Additionally, you may evaluate how the addition of West African to your portfolios can decrease your overall portfolio volatility.