Weir Group Plc Stock Probability of Future Pink Sheet Price Finishing Over 16.91
| WEGRY Stock | USD 14.09 0.48 3.53% |
Weir |
Weir Group Target Price Odds to finish over 16.91
The tendency of Weir Pink Sheet 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 $ 16.91 or more in 90 days |
| 14.09 | 90 days | 16.91 | near 1 |
Based on a normal probability distribution, the odds of Weir Group to move over $ 16.91 or more in 90 days from now is near 1 (This Weir Group PLC probability density function shows the probability of Weir Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Weir Group PLC price to stay between its current price of $ 14.09 and $ 16.91 at the end of the 90-day period is about 20.44 .
Assuming the 90 days horizon Weir Group has a beta of 0.1. This entails as returns on the market go up, Weir Group average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Weir Group PLC will be expected to be much smaller as well. Additionally Weir Group PLC has an alpha of 0.1102, implying that it can generate a 0.11 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Weir Group Price Density |
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Predictive Modules for Weir Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Weir Group PLC. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.Weir Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Weir Group is not an exception. The market had few large corrections towards the Weir Group'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 Weir Group PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Weir Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.11 | |
β | Beta against Dow Jones | 0.10 | |
σ | Overall volatility | 0.46 | |
Ir | Information ratio | -0.0021 |
Weir Group 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 Weir Pink Sheet often depends not only on the future outlook of the current and potential Weir Group'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. Weir Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 523.4 M | |
| Cash And Short Term Investments | 564.4 M |
Weir Group Technical Analysis
Weir Group's future price can be derived by breaking down and analyzing its technical indicators over time. Weir Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Weir Group PLC. In general, you should focus on analyzing Weir Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Weir Group Predictive Forecast Models
Weir Group's time-series forecasting models is one of many Weir Group's pink sheet 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 Weir Group'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 pink sheet market movement and maximize returns from investment trading.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Weir Group in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Weir Group's short interest history, or implied volatility extrapolated from Weir Group options trading.
Additional Tools for Weir Pink Sheet Analysis
When running Weir Group's price analysis, check to measure Weir Group'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 Weir Group is operating at the current time. Most of Weir Group's value examination focuses on studying past and present price action to predict the probability of Weir Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Weir Group's price. Additionally, you may evaluate how the addition of Weir Group to your portfolios can decrease your overall portfolio volatility.