Western Forest Products Stock Probability of Future Stock Price Finishing Over 11.95
| WEF Stock | CAD 0.41 0.01 2.38% |
Western |
Western Forest Target Price Odds to finish over 11.95
The tendency of Western 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 C$ 11.95 or more in 90 days |
| 0.41 | 90 days | 11.95 | close to zero percent |
Based on a normal probability distribution, the odds of Western Forest to move over C$ 11.95 or more in 90 days from now is close to zero percent (This Western Forest Products probability density function shows the probability of Western Stock to fall within a particular range of prices over 90 days) . Probability of Western Forest Products price to stay between its current price of C$ 0.41 and C$ 11.95 at the end of the 90-day period is over 95.38 .
Assuming the 90 days trading horizon Western Forest Products has a beta of -1.2. This entails as returns on its benchmark rise, returns on holding Western Forest Products are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Western Forest is expected to outperform its benchmark. Additionally Western Forest Products 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. Western Forest Price Density |
| Price |
Predictive Modules for Western Forest
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Western Forest Products. 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.Western Forest Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Western Forest is not an exception. The market had few large corrections towards the Western Forest'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 Western Forest Products, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Western Forest within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | -1.2 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | -0.06 |
Western Forest 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 Western Forest for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Western Forest Products can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Western Forest generated a negative expected return over the last 90 days | |
| Western Forest has some characteristics of a very speculative penny stock | |
| Western Forest has high historical volatility and very poor performance | |
| The company reported the revenue of 1.02 B. Net Loss for the year was (70.1 M) with profit before overhead, payroll, taxes, and interest of 253.3 M. | |
| Western Forest Products has accumulated about 15.8 M in cash with (33.8 M) of positive cash flow from operations. |
Western Forest 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 Western Stock often depends not only on the future outlook of the current and potential Western Forest'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. Western Forest's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 316.7 M | |
| Cash And Short Term Investments | 2.3 M |
Western Forest Technical Analysis
Western Forest's future price can be derived by breaking down and analyzing its technical indicators over time. Western Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Western Forest Products. In general, you should focus on analyzing Western Stock price patterns and their correlations with different microeconomic environments and drivers.
Western Forest Predictive Forecast Models
Western Forest's time-series forecasting models is one of many Western Forest'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 Western Forest'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 Western Forest Products
Checking the ongoing alerts about Western Forest for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Western Forest Products help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Western Forest generated a negative expected return over the last 90 days | |
| Western Forest has some characteristics of a very speculative penny stock | |
| Western Forest has high historical volatility and very poor performance | |
| The company reported the revenue of 1.02 B. Net Loss for the year was (70.1 M) with profit before overhead, payroll, taxes, and interest of 253.3 M. | |
| Western Forest Products has accumulated about 15.8 M in cash with (33.8 M) of positive cash flow from operations. |
Other Information on Investing in Western Stock
Western Forest financial ratios help investors to determine whether Western 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 Western with respect to the benefits of owning Western Forest security.