West High Yield Stock Probability of Future Stock Price Finishing Under 0.23
| WHY Stock | CAD 0.26 0.01 4.00% |
West |
West High Target Price Odds to finish below 0.23
The tendency of West 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$ 0.23 or more in 90 days |
| 0.26 | 90 days | 0.23 | about 64.69 |
Based on a normal probability distribution, the odds of West High to drop to C$ 0.23 or more in 90 days from now is about 64.69 (This West High Yield probability density function shows the probability of West Stock to fall within a particular range of prices over 90 days) . Probability of West High Yield price to stay between C$ 0.23 and its current price of C$0.26 at the end of the 90-day period is about 28.77 .
Assuming the 90 days horizon the stock has the beta coefficient of 1.8 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, West High will likely underperform. Additionally West High Yield 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. West High Price Density |
| Price |
Predictive Modules for West High
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as West High Yield. 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.West High Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. West High is not an exception. The market had few large corrections towards the West High'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 West High Yield, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of West High within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | 1.80 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | 0.01 |
West High 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 West High for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for West High Yield can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| West High Yield is way too risky over 90 days horizon | |
| West High Yield has some characteristics of a very speculative penny stock | |
| West High Yield appears to be risky and price may revert if volatility continues | |
| West High Yield has high likelihood to experience some financial distress in the next 2 years | |
| West High Yield has accumulated 2.52 M in total debt. West High Yield has a current ratio of 0.03, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist West High until it has trouble settling it off, either with new capital or with free cash flow. So, West High's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like West High Yield sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for West to invest in growth at high rates of return. When we think about West High's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (3.14 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| West High Yield has accumulated about 59.41 K in cash with (2.35 M) of positive cash flow from operations. | |
| Roughly 26.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: West High Yield Resources Ltd. Announces Final Closings of Oversubscribed Private Placement and Shares-for-Debt Transactions - Yahoo Finance |
West High 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 West Stock often depends not only on the future outlook of the current and potential West High'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. West High's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 85.8 M | |
| Cash And Short Term Investments | 168.5 K |
West High Technical Analysis
West High's future price can be derived by breaking down and analyzing its technical indicators over time. West Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of West High Yield. In general, you should focus on analyzing West Stock price patterns and their correlations with different microeconomic environments and drivers.
West High Predictive Forecast Models
West High's time-series forecasting models is one of many West High'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 West High'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 West High Yield
Checking the ongoing alerts about West High for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for West High Yield help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| West High Yield is way too risky over 90 days horizon | |
| West High Yield has some characteristics of a very speculative penny stock | |
| West High Yield appears to be risky and price may revert if volatility continues | |
| West High Yield has high likelihood to experience some financial distress in the next 2 years | |
| West High Yield has accumulated 2.52 M in total debt. West High Yield has a current ratio of 0.03, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist West High until it has trouble settling it off, either with new capital or with free cash flow. So, West High's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like West High Yield sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for West to invest in growth at high rates of return. When we think about West High's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (3.14 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| West High Yield has accumulated about 59.41 K in cash with (2.35 M) of positive cash flow from operations. | |
| Roughly 26.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: West High Yield Resources Ltd. Announces Final Closings of Oversubscribed Private Placement and Shares-for-Debt Transactions - Yahoo Finance |
Additional Tools for West Stock Analysis
When running West High's price analysis, check to measure West High'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 West High is operating at the current time. Most of West High's value examination focuses on studying past and present price action to predict the probability of West High's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move West High's price. Additionally, you may evaluate how the addition of West High to your portfolios can decrease your overall portfolio volatility.