Westaim Corp Stock Probability of Future Stock Price Finishing Under 3.95
| WED Stock | CAD 4.95 0.02 0.40% |
Westaim |
Westaim Corp Target Price Odds to finish below 3.95
The tendency of Westaim 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$ 3.95 or more in 90 days |
| 4.95 | 90 days | 3.95 | about 17.97 |
Based on a normal probability distribution, the odds of Westaim Corp to drop to C$ 3.95 or more in 90 days from now is about 17.97 (This Westaim Corp probability density function shows the probability of Westaim Stock to fall within a particular range of prices over 90 days) . Probability of Westaim Corp price to stay between C$ 3.95 and its current price of C$4.95 at the end of the 90-day period is about 71.57 .
Assuming the 90 days horizon Westaim Corp has a beta of -0.3. This entails as returns on the benchmark increase, returns on holding Westaim Corp are expected to decrease at a much lower rate. During a bear market, however, Westaim Corp is likely to outperform the market. Additionally Westaim Corp has an alpha of 0.405, implying that it can generate a 0.41 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Westaim Corp Price Density |
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Predictive Modules for Westaim Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Westaim 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.Westaim Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Westaim Corp is not an exception. The market had few large corrections towards the Westaim Corp'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 Westaim Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Westaim Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.41 | |
β | Beta against Dow Jones | -0.3 | |
σ | Overall volatility | 0.46 | |
Ir | Information ratio | 0.11 |
Westaim Corp 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 Westaim Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Westaim 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.| Westaim Corp is unlikely to experience financial distress in the next 2 years | |
| Westaim Corp has accumulated about 375.18 M in cash with (3.09 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.62. | |
| Latest headline from news.google.com: The Westaim Corporation Announces Amendment to Investment Agreement - Yahoo Finance |
Westaim Corp 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 Westaim Stock often depends not only on the future outlook of the current and potential Westaim Corp'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. Westaim Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 142.4 M | |
| Cash And Short Term Investments | 135 M |
Westaim Corp Technical Analysis
Westaim Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Westaim Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Westaim Corp. In general, you should focus on analyzing Westaim Stock price patterns and their correlations with different microeconomic environments and drivers.
Westaim Corp Predictive Forecast Models
Westaim Corp's time-series forecasting models is one of many Westaim Corp'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 Westaim Corp'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 Westaim Corp
Checking the ongoing alerts about Westaim Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Westaim Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Westaim Corp is unlikely to experience financial distress in the next 2 years | |
| Westaim Corp has accumulated about 375.18 M in cash with (3.09 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.62. | |
| Latest headline from news.google.com: The Westaim Corporation Announces Amendment to Investment Agreement - Yahoo Finance |
Additional Tools for Westaim Stock Analysis
When running Westaim Corp's price analysis, check to measure Westaim Corp'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 Westaim Corp is operating at the current time. Most of Westaim Corp's value examination focuses on studying past and present price action to predict the probability of Westaim Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westaim Corp's price. Additionally, you may evaluate how the addition of Westaim Corp to your portfolios can decrease your overall portfolio volatility.