Western Energy Services Stock Price Prediction
| WRG Stock | CAD 2.69 0.11 4.26% |
Oversold Vs Overbought
42
Oversold | Overbought |
Quarterly Earnings Growth (0.68) | Wall Street Target Price 3 | Quarterly Revenue Growth 0.061 |
Using Western Energy hype-based prediction, you can estimate the value of Western Energy Services from the perspective of Western Energy response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in Western Energy to buy its stock at a price that has no basis in reality. In that case, they are not buying Western because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Western Energy after-hype prediction price | CAD 2.66 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Western |
Western Energy After-Hype Price Prediction Density Analysis
As far as predicting the price of Western Energy at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Western Energy or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Western Energy, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Western Energy Estimiated After-Hype Price Volatility
In the context of predicting Western Energy's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Western Energy's historical news coverage. Western Energy's after-hype downside and upside margins for the prediction period are 0.13 and 5.78, respectively. We have considered Western Energy's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Western Energy is risky at this time. Analysis and calculation of next after-hype price of Western Energy Services is based on 3 months time horizon.
Western Energy Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Western Energy is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Western Energy backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Western Energy, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.14 | 3.12 | 0.03 | 0.01 | 4 Events / Month | 0 Events / Month | In about 4 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
2.69 | 2.66 | 1.12 |
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Western Energy Hype Timeline
Western Energy Services is at this time traded for 2.69on Toronto Exchange of Canada. The entity has historical hype elasticity of -0.03, and average elasticity to hype of competition of -0.01. Western is forecasted to decline in value after the next headline, with the price expected to drop to 2.66. The average volatility of media hype impact on the company price is over 100%. The price drop on the next news is expected to be -1.12%, whereas the daily expected return is at this time at -0.14%. The volatility of related hype on Western Energy is about 4457.14%, with the expected price after the next announcement by competition of 2.68. About 33.0% of the company outstanding shares are owned by insiders. The company has Price to Book (P/B) ratio of 0.31. Historically many companies with similar price-to-book (P/B) ratio do better than the market in the long run. Western Energy Services has Price/Earnings To Growth (PEG) ratio of 0.19. The entity recorded a loss per share of 0.2. The firm last dividend was issued on the 29th of December 2015. Western Energy had 1:120 split on the 4th of August 2022. Assuming the 90 days trading horizon the next forecasted press release will be in about 4 days. Check out Western Energy Basic Forecasting Models to cross-verify your projections.Western Energy Related Hype Analysis
Having access to credible news sources related to Western Energy's direct competition is more important than ever and may enhance your ability to predict Western Energy's future price movements. Getting to know how Western Energy's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Western Energy may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| TOT | Total Energy Services | 0.11 | 4 per month | 1.00 | 0.11 | 2.76 | (1.91) | 6.00 | |
| PHX | PHX Energy Services | (0.14) | 2 per month | 0.00 | (0.10) | 2.85 | (2.65) | 9.81 | |
| CFW | Calfrac Well Services | (0.18) | 1 per month | 0.00 | (0.12) | 2.41 | (2.30) | 7.78 |
Western Energy Additional Predictive Modules
Most predictive techniques to examine Western price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Western using various technical indicators. When you analyze Western charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Western Energy Predictive Indicators
The successful prediction of Western Energy stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Western Energy Services, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Western Energy based on analysis of Western Energy hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Western Energy's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Western Energy's related companies. | 2023 | 2024 (projected) | Dividend Yield | 0.00128 | 0.001216 | Price To Sales Ratio | 0.43 | 0.41 |
Story Coverage note for Western Energy
The number of cover stories for Western Energy depends on current market conditions and Western Energy's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Western Energy is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Western Energy's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Western Energy Short Properties
Western Energy's future price predictability will typically decrease when Western Energy's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Western Energy Services often depends not only on the future outlook of the 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 |
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.