Walkabout Resources (Australia) Probability of Future Stock Price Finishing Under 0.0949
| WKT Stock | 0.1 0.00 0.00% |
Walkabout |
Walkabout Resources Target Price Odds to finish below 0.0949
The tendency of Walkabout 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 0.09 or more in 90 days |
| 0.1 | 90 days | 0.09 | about 20.47 |
Based on a normal probability distribution, the odds of Walkabout Resources to drop to 0.09 or more in 90 days from now is about 20.47 (This Walkabout Resources probability density function shows the probability of Walkabout Stock to fall within a particular range of prices over 90 days) . Probability of Walkabout Resources price to stay between 0.09 and its current price of 0.095 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Walkabout Resources has a beta of 0.6. This entails as returns on the market go up, Walkabout Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Walkabout Resources will be expected to be much smaller as well. Additionally Walkabout Resources 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. Walkabout Resources Price Density |
| Price |
Predictive Modules for Walkabout Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Walkabout Resources. 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.Walkabout Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Walkabout Resources is not an exception. The market had few large corrections towards the Walkabout Resources' 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 Walkabout Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Walkabout Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.23 | |
β | Beta against Dow Jones | 0.60 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.08 |
Walkabout Resources 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 Walkabout Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Walkabout Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Walkabout Resources generated a negative expected return over the last 90 days | |
| Walkabout Resources has some characteristics of a very speculative penny stock | |
| Walkabout Resources has high historical volatility and very poor performance | |
| Walkabout Resources has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 1.47 K. Net Loss for the year was (8.53 M) with profit before overhead, payroll, taxes, and interest of 6.68 K. | |
| Walkabout Resources generates negative cash flow from operations | |
| About 25.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Walkabout Resources Defers Financial Reporting Amidst Administration - TipRanks |
Walkabout Resources 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 Walkabout Stock often depends not only on the future outlook of the current and potential Walkabout Resources' 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. Walkabout Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 669.1 M | |
| Cash And Short Term Investments | 380.7 K |
Walkabout Resources Technical Analysis
Walkabout Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Walkabout Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Walkabout Resources. In general, you should focus on analyzing Walkabout Stock price patterns and their correlations with different microeconomic environments and drivers.
Walkabout Resources Predictive Forecast Models
Walkabout Resources' time-series forecasting models is one of many Walkabout Resources' 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 Walkabout Resources' 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 Walkabout Resources
Checking the ongoing alerts about Walkabout Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Walkabout Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Walkabout Resources generated a negative expected return over the last 90 days | |
| Walkabout Resources has some characteristics of a very speculative penny stock | |
| Walkabout Resources has high historical volatility and very poor performance | |
| Walkabout Resources has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 1.47 K. Net Loss for the year was (8.53 M) with profit before overhead, payroll, taxes, and interest of 6.68 K. | |
| Walkabout Resources generates negative cash flow from operations | |
| About 25.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Walkabout Resources Defers Financial Reporting Amidst Administration - TipRanks |
Additional Tools for Walkabout Stock Analysis
When running Walkabout Resources' price analysis, check to measure Walkabout Resources' 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 Walkabout Resources is operating at the current time. Most of Walkabout Resources' value examination focuses on studying past and present price action to predict the probability of Walkabout Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Walkabout Resources' price. Additionally, you may evaluate how the addition of Walkabout Resources to your portfolios can decrease your overall portfolio volatility.