Wescan Energy Corp Stock Probability of Future Stock Price Finishing Under 0.0777
| WCE Stock | CAD 0.09 0.02 18.18% |
WesCan |
WesCan Energy Target Price Odds to finish below 0.0777
The tendency of WesCan 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 C$ 0.08 or more in 90 days |
| 0.09 | 90 days | 0.08 | roughly 2.91 |
Based on a normal probability distribution, the odds of WesCan Energy to drop to C$ 0.08 or more in 90 days from now is roughly 2.91 (This WesCan Energy Corp probability density function shows the probability of WesCan Stock to fall within a particular range of prices over 90 days) . Probability of WesCan Energy Corp price to stay between C$ 0.08 and its current price of C$0.09 at the end of the 90-day period is about 24.77 .
Assuming the 90 days horizon WesCan Energy has a beta of 0.24. This entails as returns on the market go up, WesCan Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding WesCan Energy Corp will be expected to be much smaller as well. Additionally WesCan Energy Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. WesCan Energy Price Density |
| Price |
Predictive Modules for WesCan Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as WesCan Energy Corp. 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.WesCan Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. WesCan Energy is not an exception. The market had few large corrections towards the WesCan Energy'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 WesCan Energy Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of WesCan Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.32 | |
β | Beta against Dow Jones | 0.24 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.07 |
WesCan Energy 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 WesCan Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for WesCan Energy Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| WesCan Energy Corp generated a negative expected return over the last 90 days | |
| WesCan Energy Corp has high historical volatility and very poor performance | |
| WesCan Energy Corp has some characteristics of a very speculative penny stock | |
| WesCan Energy Corp has a very high chance of going through financial distress in the upcoming years | |
| WesCan Energy Corp has accumulated 1.77 M in total debt with debt to equity ratio (D/E) of 0.77, which is about average as compared to similar companies. WesCan Energy Corp has a current ratio of 0.19, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist WesCan Energy until it has trouble settling it off, either with new capital or with free cash flow. So, WesCan Energy'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 WesCan Energy Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for WesCan to invest in growth at high rates of return. When we think about WesCan Energy's use of debt, we should always consider it together with cash and equity. | |
| WesCan Energy Corp has accumulated about 289.23 K in cash with (270.54 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 33.0% of WesCan Energy outstanding shares are owned by insiders | |
| Latest headline from news.google.com: WesCan Energy Announces AGM Results and Board Re-election - TipRanks |
WesCan Energy 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 WesCan Stock often depends not only on the future outlook of the current and potential WesCan Energy'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. WesCan Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 41.5 M | |
| Cash And Short Term Investments | 19.8 K |
WesCan Energy Technical Analysis
WesCan Energy's future price can be derived by breaking down and analyzing its technical indicators over time. WesCan Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of WesCan Energy Corp. In general, you should focus on analyzing WesCan Stock price patterns and their correlations with different microeconomic environments and drivers.
WesCan Energy Predictive Forecast Models
WesCan Energy's time-series forecasting models is one of many WesCan Energy'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 WesCan Energy'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 WesCan Energy Corp
Checking the ongoing alerts about WesCan Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for WesCan Energy Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| WesCan Energy Corp generated a negative expected return over the last 90 days | |
| WesCan Energy Corp has high historical volatility and very poor performance | |
| WesCan Energy Corp has some characteristics of a very speculative penny stock | |
| WesCan Energy Corp has a very high chance of going through financial distress in the upcoming years | |
| WesCan Energy Corp has accumulated 1.77 M in total debt with debt to equity ratio (D/E) of 0.77, which is about average as compared to similar companies. WesCan Energy Corp has a current ratio of 0.19, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist WesCan Energy until it has trouble settling it off, either with new capital or with free cash flow. So, WesCan Energy'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 WesCan Energy Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for WesCan to invest in growth at high rates of return. When we think about WesCan Energy's use of debt, we should always consider it together with cash and equity. | |
| WesCan Energy Corp has accumulated about 289.23 K in cash with (270.54 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 33.0% of WesCan Energy outstanding shares are owned by insiders | |
| Latest headline from news.google.com: WesCan Energy Announces AGM Results and Board Re-election - TipRanks |
Additional Tools for WesCan Stock Analysis
When running WesCan Energy's price analysis, check to measure WesCan Energy'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 WesCan Energy is operating at the current time. Most of WesCan Energy's value examination focuses on studying past and present price action to predict the probability of WesCan Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WesCan Energy's price. Additionally, you may evaluate how the addition of WesCan Energy to your portfolios can decrease your overall portfolio volatility.