Wesco International Preferred Stock Probability of Future Preferred Stock Price Finishing Under 23.90
| WCC-PA Preferred Stock | USD 26.11 0.03 0.11% |
WESCO |
WESCO International Target Price Odds to finish below 23.90
The tendency of WESCO Preferred 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 drop to $ 23.90 or more in 90 days |
| 26.11 | 90 days | 23.90 | near 1 |
Based on a normal probability distribution, the odds of WESCO International to drop to $ 23.90 or more in 90 days from now is near 1 (This WESCO International probability density function shows the probability of WESCO Preferred Stock to fall within a particular range of prices over 90 days) . Probability of WESCO International price to stay between $ 23.90 and its current price of $26.11 at the end of the 90-day period is about 86.52 .
Assuming the 90 days trading horizon WESCO International has a beta of 0.0145. This entails as returns on the market go up, WESCO International average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding WESCO International will be expected to be much smaller as well. Additionally WESCO International has an alpha of 0.026, implying that it can generate a 0.026 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). WESCO International Price Density |
| Price |
Predictive Modules for WESCO International
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as WESCO International. Regardless of method or technology, however, to accurately forecast the preferred stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the preferred 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.WESCO International Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. WESCO International is not an exception. The market had few large corrections towards the WESCO International'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 WESCO International, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of WESCO International within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.03 | |
β | Beta against Dow Jones | 0.01 | |
σ | Overall volatility | 0.19 | |
Ir | Information ratio | -0.66 |
WESCO International 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 WESCO Preferred Stock often depends not only on the future outlook of the current and potential WESCO International'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. WESCO International's indicators that are reflective of the short sentiment are summarized in the table below.
| Cash And Short Term Investments | 212.6 M |
WESCO International Technical Analysis
WESCO International's future price can be derived by breaking down and analyzing its technical indicators over time. WESCO Preferred Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of WESCO International. In general, you should focus on analyzing WESCO Preferred Stock price patterns and their correlations with different microeconomic environments and drivers.
WESCO International Predictive Forecast Models
WESCO International's time-series forecasting models is one of many WESCO International's preferred 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 WESCO International'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 preferred stock 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 WESCO International 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, WESCO International's short interest history, or implied volatility extrapolated from WESCO International options trading.
Other Information on Investing in WESCO Preferred Stock
WESCO International financial ratios help investors to determine whether WESCO Preferred Stock 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 WESCO with respect to the benefits of owning WESCO International security.