Western Resources Corp Stock Probability of Future Stock Price Finishing Over 0.06
| WRX Stock | CAD 0.06 0.01 8.33% |
Western |
Western Resources Target Price Odds to finish over 0.06
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$ 0.06 or more in 90 days |
| 0.06 | 90 days | 0.06 | about 51.72 |
Based on a normal probability distribution, the odds of Western Resources to move over C$ 0.06 or more in 90 days from now is about 51.72 (This Western Resources Corp probability density function shows the probability of Western Stock to fall within a particular range of prices over 90 days) . Probability of Western Resources Corp price to stay between its current price of C$ 0.06 and C$ 0.06 at the end of the 90-day period is about 25.97 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.83 . 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, Western Resources will likely underperform. Additionally Western Resources Corp has an alpha of 0.6042, implying that it can generate a 0.6 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Western Resources Price Density |
| Price |
Predictive Modules for Western 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 Western Resources Corp. 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 Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Western Resources is not an exception. The market had few large corrections towards the Western 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 Western Resources Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Western Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.60 | |
β | Beta against Dow Jones | 1.83 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.08 |
Western 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 Western Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Western Resources Corp 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 Resources is way too risky over 90 days horizon | |
| Western Resources has some characteristics of a very speculative penny stock | |
| Western Resources appears to be risky and price may revert if volatility continues | |
| Western Resources has high likelihood to experience some financial distress in the next 2 years | |
| Western Resources Corp has accumulated about 2.2 M in cash with (759.4 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 65.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Western Metallica Begins Drilling at Luz Maria Prospect - TipRanks |
Western 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 Western Stock often depends not only on the future outlook of the current and potential Western 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. Western Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 408.6 M | |
| Cash And Short Term Investments | 12.2 M |
Western Resources Technical Analysis
Western Resources' 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 Resources Corp. In general, you should focus on analyzing Western Stock price patterns and their correlations with different microeconomic environments and drivers.
Western Resources Predictive Forecast Models
Western Resources' time-series forecasting models is one of many Western 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 Western 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 Western Resources Corp
Checking the ongoing alerts about Western Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Western Resources Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Western Resources is way too risky over 90 days horizon | |
| Western Resources has some characteristics of a very speculative penny stock | |
| Western Resources appears to be risky and price may revert if volatility continues | |
| Western Resources has high likelihood to experience some financial distress in the next 2 years | |
| Western Resources Corp has accumulated about 2.2 M in cash with (759.4 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 65.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Western Metallica Begins Drilling at Luz Maria Prospect - TipRanks |
Other Information on Investing in Western Stock
Western Resources 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 Resources security.