Wishpond Technologies Stock Probability of Future Stock Price Finishing Over 0.27
| WISH Stock | CAD 0.28 0.02 7.69% |
Wishpond |
Wishpond Technologies Target Price Odds to finish over 0.27
The tendency of Wishpond 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 stay above C$ 0.27 in 90 days |
| 0.28 | 90 days | 0.27 | under 95 |
Based on a normal probability distribution, the odds of Wishpond Technologies to stay above C$ 0.27 in 90 days from now is under 95 (This Wishpond Technologies probability density function shows the probability of Wishpond Stock to fall within a particular range of prices over 90 days) . Probability of Wishpond Technologies price to stay between C$ 0.27 and its current price of C$0.28 at the end of the 90-day period is under 4.
Assuming the 90 days trading horizon Wishpond Technologies has a beta of 0.84. This entails as returns on the market go up, Wishpond Technologies average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Wishpond Technologies will be expected to be much smaller as well. Additionally Wishpond Technologies 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. Wishpond Technologies Price Density |
| Price |
Predictive Modules for Wishpond Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wishpond Technologies. 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.Wishpond Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Wishpond Technologies is not an exception. The market had few large corrections towards the Wishpond Technologies' 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 Wishpond Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Wishpond Technologies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.47 | |
β | Beta against Dow Jones | 0.84 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | -0.11 |
Wishpond Technologies 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 Wishpond Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Wishpond Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Wishpond Technologies generated a negative expected return over the last 90 days | |
| Wishpond Technologies has some characteristics of a very speculative penny stock | |
| Wishpond Technologies has high historical volatility and very poor performance | |
| The company reported the revenue of 23.09 M. Net Loss for the year was (1.89 M) with profit before overhead, payroll, taxes, and interest of 13.56 M. | |
| Wishpond Technologies has accumulated about 10.17 M in cash with (260.41 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.2. | |
| Roughly 41.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Wishpond Technologies Ltd Q3 2024 Earnings Call Highlights Navigating Revenue ... By GuruFocus - Investing.com Canada |
Wishpond Technologies 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 Wishpond Stock often depends not only on the future outlook of the current and potential Wishpond Technologies' 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. Wishpond Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 54 M |
Wishpond Technologies Technical Analysis
Wishpond Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. Wishpond Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Wishpond Technologies. In general, you should focus on analyzing Wishpond Stock price patterns and their correlations with different microeconomic environments and drivers.
Wishpond Technologies Predictive Forecast Models
Wishpond Technologies' time-series forecasting models is one of many Wishpond Technologies' 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 Wishpond Technologies' 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 Wishpond Technologies
Checking the ongoing alerts about Wishpond Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Wishpond Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Wishpond Technologies generated a negative expected return over the last 90 days | |
| Wishpond Technologies has some characteristics of a very speculative penny stock | |
| Wishpond Technologies has high historical volatility and very poor performance | |
| The company reported the revenue of 23.09 M. Net Loss for the year was (1.89 M) with profit before overhead, payroll, taxes, and interest of 13.56 M. | |
| Wishpond Technologies has accumulated about 10.17 M in cash with (260.41 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.2. | |
| Roughly 41.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Wishpond Technologies Ltd Q3 2024 Earnings Call Highlights Navigating Revenue ... By GuruFocus - Investing.com Canada |
Additional Tools for Wishpond Stock Analysis
When running Wishpond Technologies' price analysis, check to measure Wishpond Technologies' 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 Wishpond Technologies is operating at the current time. Most of Wishpond Technologies' value examination focuses on studying past and present price action to predict the probability of Wishpond Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wishpond Technologies' price. Additionally, you may evaluate how the addition of Wishpond Technologies to your portfolios can decrease your overall portfolio volatility.