Western Energy Services Stock Probability of Future Stock Price Finishing Over 3.0
| WRG Stock | CAD 2.69 0.11 4.26% |
Western |
Western Energy Target Price Odds to finish over 3.0
The tendency of Western 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$ 3.00 or more in 90 days |
| 2.69 | 90 days | 3.00 | about 13.33 |
Based on a normal probability distribution, the odds of Western Energy to move over C$ 3.00 or more in 90 days from now is about 13.33 (This Western Energy Services probability density function shows the probability of Western Stock to fall within a particular range of prices over 90 days) . Probability of Western Energy Services price to stay between its current price of C$ 2.69 and C$ 3.00 at the end of the 90-day period is about 59.61 .
Assuming the 90 days trading horizon Western Energy has a beta of 0.31. This entails as returns on the market go up, Western Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Western Energy Services will be expected to be much smaller as well. Additionally Western Energy Services 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. Western Energy Price Density |
| Price |
Predictive Modules for Western Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Western Energy Services. 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.Western Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Western Energy is not an exception. The market had few large corrections towards the Western Energy'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 Western Energy Services, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Western Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.16 | |
β | Beta against Dow Jones | 0.31 | |
σ | Overall volatility | 0.18 | |
Ir | Information ratio | -0.08 |
Western Energy 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 Western Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Western Energy Services can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Western Energy generated a negative expected return over the last 90 days | |
| Western Energy has high historical volatility and very poor performance | |
| The company reported the revenue of 233.45 M. Net Loss for the year was (7.21 M) with profit before overhead, payroll, taxes, and interest of 53.78 M. | |
| About 33.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Western Energy Services Third Quarter 2024 Earnings CA0.037 loss per share - Simply Wall St |
Western Energy 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 Western Stock often depends not only on the future outlook of the current and potential Western Energy'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. Western Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 33.8 M | |
| Cash And Short Term Investments | 6.1 M |
Western Energy Technical Analysis
Western Energy's future price can be derived by breaking down and analyzing its technical indicators over time. Western Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Western Energy Services. In general, you should focus on analyzing Western Stock price patterns and their correlations with different microeconomic environments and drivers.
Western Energy Predictive Forecast Models
Western Energy's time-series forecasting models is one of many Western Energy'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 Western Energy'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 Western Energy Services
Checking the ongoing alerts about Western Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Western Energy Services help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Western Energy generated a negative expected return over the last 90 days | |
| Western Energy has high historical volatility and very poor performance | |
| The company reported the revenue of 233.45 M. Net Loss for the year was (7.21 M) with profit before overhead, payroll, taxes, and interest of 53.78 M. | |
| About 33.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Western Energy Services Third Quarter 2024 Earnings CA0.037 loss per share - Simply Wall St |
Other Information on Investing in Western Stock
Western Energy financial ratios help investors to determine whether Western Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Western with respect to the benefits of owning Western Energy security.