Wheaton Precious Metals Stock Probability of Future Stock Price Finishing Over 89.22
| WPM Stock | CAD 89.19 0.53 0.60% |
Wheaton |
Wheaton Precious Target Price Odds to finish over 89.22
The tendency of Wheaton 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 over C$ 89.22 or more in 90 days |
| 89.19 | 90 days | 89.22 | about 19.43 |
Based on a normal probability distribution, the odds of Wheaton Precious to move over C$ 89.22 or more in 90 days from now is about 19.43 (This Wheaton Precious Metals probability density function shows the probability of Wheaton Stock to fall within a particular range of prices over 90 days) . Probability of Wheaton Precious Metals price to stay between its current price of C$ 89.19 and C$ 89.22 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Wheaton Precious Metals has a beta of -0.26. This entails as returns on the benchmark increase, returns on holding Wheaton Precious are expected to decrease at a much lower rate. During a bear market, however, Wheaton Precious Metals is likely to outperform the market. Additionally Wheaton Precious Metals has an alpha of 0.1246, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Wheaton Precious Price Density |
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Predictive Modules for Wheaton Precious
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wheaton Precious Metals. 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.Wheaton Precious Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Wheaton Precious is not an exception. The market had few large corrections towards the Wheaton Precious' 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 Wheaton Precious Metals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Wheaton Precious within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.12 | |
β | Beta against Dow Jones | -0.26 | |
σ | Overall volatility | 4.13 | |
Ir | Information ratio | -0.02 |
Wheaton Precious 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 Wheaton Precious for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Wheaton Precious Metals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 70.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from news.google.com: Telemark Asset Management LLC Invests 3.67 Million in Wheaton Precious Metals Corp. - MarketBeat |
Wheaton Precious 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 Wheaton Stock often depends not only on the future outlook of the current and potential Wheaton Precious' 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. Wheaton Precious' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 453.5 M | |
| Cash And Short Term Investments | 546.5 M |
Wheaton Precious Technical Analysis
Wheaton Precious' future price can be derived by breaking down and analyzing its technical indicators over time. Wheaton Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Wheaton Precious Metals. In general, you should focus on analyzing Wheaton Stock price patterns and their correlations with different microeconomic environments and drivers.
Wheaton Precious Predictive Forecast Models
Wheaton Precious' time-series forecasting models is one of many Wheaton Precious' 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 Wheaton Precious' 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 Wheaton Precious Metals
Checking the ongoing alerts about Wheaton Precious for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Wheaton Precious Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 70.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from news.google.com: Telemark Asset Management LLC Invests 3.67 Million in Wheaton Precious Metals Corp. - MarketBeat |
Check out Wheaton Precious Backtesting, Wheaton Precious Valuation, Wheaton Precious Correlation, Wheaton Precious Hype Analysis, Wheaton Precious Volatility, Wheaton Precious History as well as Wheaton Precious Performance. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.