Water Ways Technologies Stock Probability of Future Stock Price Finishing Under 0.0001
| WWT Stock | CAD 0.01 0.01 50.00% |
Water |
Water Ways Target Price Odds to finish below 0.0001
The tendency of Water 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 C$ 0.0001 or more in 90 days |
| 0.01 | 90 days | 0.0001 | near 1 |
Based on a normal probability distribution, the odds of Water Ways to drop to C$ 0.0001 or more in 90 days from now is near 1 (This Water Ways Technologies probability density function shows the probability of Water Stock to fall within a particular range of prices over 90 days) . Probability of Water Ways Technologies price to stay between C$ 0.0001 and its current price of C$0.005 at the end of the 90-day period is about 1.02 .
Assuming the 90 days horizon Water Ways has a beta of 0.93. This entails Water Ways Technologies market returns are correlated to returns on the market. As the market goes up or down, Water Ways is expected to follow. Moreover Water Ways Technologies has an alpha of 1.8919, implying that it can generate a 1.89 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Water Ways Price Density |
| Price |
Predictive Modules for Water Ways
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Water Ways 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.Water Ways Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Water Ways is not an exception. The market had few large corrections towards the Water Ways' 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 Water Ways Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Water Ways within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.89 | |
β | Beta against Dow Jones | 0.93 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.06 |
Water Ways 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 Water Ways for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Water Ways 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.| Water Ways is way too risky over 90 days horizon | |
| Water Ways has some characteristics of a very speculative penny stock | |
| Water Ways appears to be risky and price may revert if volatility continues | |
| Water Ways has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 6.62 M. Net Loss for the year was (3.23 M) with profit before overhead, payroll, taxes, and interest of 2.96 M. | |
| Water Ways Technologies has accumulated about 2 M in cash with (1.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 35.0% of the company outstanding shares are owned by insiders |
Water Ways 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 Water Stock often depends not only on the future outlook of the current and potential Water Ways' 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. Water Ways' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 148.8 M |
Water Ways Technical Analysis
Water Ways' future price can be derived by breaking down and analyzing its technical indicators over time. Water Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Water Ways Technologies. In general, you should focus on analyzing Water Stock price patterns and their correlations with different microeconomic environments and drivers.
Water Ways Predictive Forecast Models
Water Ways' time-series forecasting models is one of many Water Ways' 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 Water Ways' 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 Water Ways Technologies
Checking the ongoing alerts about Water Ways for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Water Ways Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Water Ways is way too risky over 90 days horizon | |
| Water Ways has some characteristics of a very speculative penny stock | |
| Water Ways appears to be risky and price may revert if volatility continues | |
| Water Ways has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 6.62 M. Net Loss for the year was (3.23 M) with profit before overhead, payroll, taxes, and interest of 2.96 M. | |
| Water Ways Technologies has accumulated about 2 M in cash with (1.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 35.0% of the company outstanding shares are owned by insiders |
Additional Tools for Water Stock Analysis
When running Water Ways' price analysis, check to measure Water Ways' 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 Water Ways is operating at the current time. Most of Water Ways' value examination focuses on studying past and present price action to predict the probability of Water Ways' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Water Ways' price. Additionally, you may evaluate how the addition of Water Ways to your portfolios can decrease your overall portfolio volatility.