Wd 40 Company Stock Chance of Future Stock Price Finishing Over 282.91
| WDFC Stock | USD 277.09 2.82 1.03% |
WDFC |
WD 40 Target Price Odds to finish over 282.91
The tendency of WDFC 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 move over $ 282.91 or more in 90 days |
| 277.09 | 90 days | 282.91 | under 4 |
Based on a normal probability distribution, the odds of WD 40 to move over $ 282.91 or more in 90 days from now is under 4 (This WD 40 Company probability density function shows the probability of WDFC Stock to fall within a particular range of prices over 90 days) . Probability of WD 40 Company price to stay between its current price of $ 277.09 and $ 282.91 at the end of the 90-day period is about 7.58 .
Given the investment horizon of 90 days WD 40 has a beta of 0.49. This entails as returns on the market go up, WD 40 average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding WD 40 Company will be expected to be much smaller as well. Additionally WD 40 Company has an alpha of 0.0569, implying that it can generate a 0.0569 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). WD 40 Price Density |
| Price |
Predictive Modules for WD 40
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as WD 40 Company. 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.WD 40 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. WD 40 is not an exception. The market had few large corrections towards the WD 40'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 WD 40 Company, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of WD 40 within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.06 | |
β | Beta against Dow Jones | 0.49 | |
σ | Overall volatility | 10.45 | |
Ir | Information ratio | -0.0055 |
WD 40 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 WD 40 for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for WD 40 Company can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| WD 40 Company is unlikely to experience financial distress in the next 2 years | |
| WD 40 Company has a strong financial position based on the latest SEC filings | |
| Over 95.0% of the company outstanding shares are owned by institutional investors | |
| On 31st of October 2024 WD 40 paid $ 0.88 per share dividend to its current shareholders | |
| Latest headline from simplywall.st: 13 percent Of This WD-40 Insiders Holdings Were Sold |
WD 40 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 WDFC Stock often depends not only on the future outlook of the current and potential WD 40'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. WD 40's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 13.6 M | |
| Cash And Short Term Investments | 46.7 M |
WD 40 Technical Analysis
WD 40's future price can be derived by breaking down and analyzing its technical indicators over time. WDFC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of WD 40 Company. In general, you should focus on analyzing WDFC Stock price patterns and their correlations with different microeconomic environments and drivers.
WD 40 Predictive Forecast Models
WD 40's time-series forecasting models is one of many WD 40'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 WD 40'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 WD 40 Company
Checking the ongoing alerts about WD 40 for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for WD 40 Company help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| WD 40 Company is unlikely to experience financial distress in the next 2 years | |
| WD 40 Company has a strong financial position based on the latest SEC filings | |
| Over 95.0% of the company outstanding shares are owned by institutional investors | |
| On 31st of October 2024 WD 40 paid $ 0.88 per share dividend to its current shareholders | |
| Latest headline from simplywall.st: 13 percent Of This WD-40 Insiders Holdings Were Sold |
Check out WD 40 Backtesting, WD 40 Valuation, WD 40 Correlation, WD 40 Hype Analysis, WD 40 Volatility, WD 40 History as well as WD 40 Performance. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Is Household Products 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 WD 40. If investors know WDFC 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 WD 40 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 0.016 | Dividend Share 3.52 | Earnings Share 5.1 | Revenue Per Share 43.571 | Quarterly Revenue Growth 0.111 |
The market value of WD 40 Company is measured differently than its book value, which is the value of WDFC that is recorded on the company's balance sheet. Investors also form their own opinion of WD 40's value that differs from its market value or its book value, called intrinsic value, which is WD 40'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 WD 40's market value can be influenced by many factors that don't directly affect WD 40'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 WD 40's value and its price as these two are different measures arrived at by different means. Investors typically determine if WD 40 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WD 40'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.