Wescan Goldfields Stock Probability of Future Stock Price Finishing Under 0.02
| WGF Stock | CAD 0.02 0.00 0.00% |
Wescan |
Wescan Goldfields Target Price Odds to finish below 0.02
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 move below current price in 90 days |
| 0.02 | 90 days | 0.02 | about 8.0 |
Based on a normal probability distribution, the odds of Wescan Goldfields to move below current price in 90 days from now is about 8.0 (This Wescan Goldfields probability density function shows the probability of Wescan Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon the stock has the beta coefficient of 1.06 . This entails Wescan Goldfields market returns are correlated to returns on the market. As the market goes up or down, Wescan Goldfields is expected to follow. Additionally Wescan Goldfields 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 Goldfields Price Density |
| Price |
Predictive Modules for Wescan Goldfields
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 Goldfields. 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 Goldfields Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Wescan Goldfields is not an exception. The market had few large corrections towards the Wescan Goldfields' 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 Goldfields, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Wescan Goldfields within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.51 | |
β | Beta against Dow Jones | 1.06 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.08 |
Wescan Goldfields 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 Goldfields for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Wescan Goldfields 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 Goldfields generated a negative expected return over the last 90 days | |
| Wescan Goldfields has high historical volatility and very poor performance | |
| Wescan Goldfields has some characteristics of a very speculative penny stock | |
| Wescan Goldfields has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (351.6 K) with profit before overhead, payroll, taxes, and interest of 11. | |
| Wescan Goldfields has accumulated about 15.45 K in cash with (325.14 K) of positive cash flow from operations. | |
| Roughly 56.0% of the company outstanding shares are owned by insiders |
Wescan Goldfields 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 Goldfields' 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 Goldfields' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 53.7 M |
Wescan Goldfields Technical Analysis
Wescan Goldfields' 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 Goldfields. In general, you should focus on analyzing Wescan Stock price patterns and their correlations with different microeconomic environments and drivers.
Wescan Goldfields Predictive Forecast Models
Wescan Goldfields' time-series forecasting models is one of many Wescan Goldfields' 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 Goldfields' 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 Goldfields
Checking the ongoing alerts about Wescan Goldfields for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Wescan Goldfields help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Wescan Goldfields generated a negative expected return over the last 90 days | |
| Wescan Goldfields has high historical volatility and very poor performance | |
| Wescan Goldfields has some characteristics of a very speculative penny stock | |
| Wescan Goldfields has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (351.6 K) with profit before overhead, payroll, taxes, and interest of 11. | |
| Wescan Goldfields has accumulated about 15.45 K in cash with (325.14 K) of positive cash flow from operations. | |
| Roughly 56.0% of the company outstanding shares are owned by insiders |
Additional Tools for Wescan Stock Analysis
When running Wescan Goldfields' price analysis, check to measure Wescan Goldfields' 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 Goldfields is operating at the current time. Most of Wescan Goldfields' value examination focuses on studying past and present price action to predict the probability of Wescan Goldfields' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wescan Goldfields' price. Additionally, you may evaluate how the addition of Wescan Goldfields to your portfolios can decrease your overall portfolio volatility.