Wesco International Stock Probability of Future Stock Price Finishing Under 171.58
| WCC Stock | USD 211.57 3.24 1.56% |
WESCO |
WESCO International Target Price Odds to finish below 171.58
The tendency of WESCO 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 $ 171.58 or more in 90 days |
| 211.57 | 90 days | 171.58 | about 36.09 |
Based on a normal probability distribution, the odds of WESCO International to drop to $ 171.58 or more in 90 days from now is about 36.09 (This WESCO International probability density function shows the probability of WESCO Stock to fall within a particular range of prices over 90 days) . Probability of WESCO International price to stay between $ 171.58 and its current price of $211.57 at the end of the 90-day period is about 59.92 .
Considering the 90-day investment horizon the stock has the beta coefficient of 2.37 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, WESCO International will likely underperform. Additionally WESCO International has an alpha of 0.1222, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). WESCO International Price Density |
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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 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WESCO International'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.
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 | 0.12 | |
β | Beta against Dow Jones | 2.37 | |
σ | Overall volatility | 18.86 | |
Ir | Information ratio | 0.10 |
WESCO International 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 WESCO International for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for WESCO International can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| WESCO International has a poor financial position based on the latest SEC disclosures | |
| Over 96.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Insider Sell Christine Wolf Sells Shares of WESCO International Inc |
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 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.
| Common Stock Shares Outstanding | 52.3 M | |
| Cash And Short Term Investments | 524.1 M |
WESCO International Technical Analysis
WESCO International's future price can be derived by breaking down and analyzing its technical indicators over time. WESCO 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 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 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 stock market movement and maximize returns from investment trading.
Things to note about WESCO International
Checking the ongoing alerts about WESCO International for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for WESCO International help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| WESCO International has a poor financial position based on the latest SEC disclosures | |
| Over 96.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Insider Sell Christine Wolf Sells Shares of WESCO International Inc |
Check out WESCO International Backtesting, WESCO International Valuation, WESCO International Correlation, WESCO International Hype Analysis, WESCO International Volatility, WESCO International History as well as WESCO International Performance. For information on how to trade WESCO Stock refer to our How to Trade WESCO Stock guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Trading Companies & Distributors 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 WESCO International. If investors know WESCO 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 WESCO International 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 (0.09) | Dividend Share 1.613 | Earnings Share 12.48 | Revenue Per Share 434.114 | Quarterly Revenue Growth (0.03) |
The market value of WESCO International is measured differently than its book value, which is the value of WESCO that is recorded on the company's balance sheet. Investors also form their own opinion of WESCO International's value that differs from its market value or its book value, called intrinsic value, which is WESCO International'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 WESCO International's market value can be influenced by many factors that don't directly affect WESCO International'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 WESCO International's value and its price as these two are different measures arrived at by different means. Investors typically determine if WESCO International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WESCO International'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.