West Fraser Timber Stock Price Prediction
| WFG Stock | CAD 96.02 0.62 0.65% |
Momentum 70
Buy Stretched
Oversold | Overbought |
Quarterly Earnings Growth 0.103 | EPS Estimate Next Quarter (1.64) | EPS Estimate Current Year (4.64) | EPS Estimate Next Year 0.08 | Wall Street Target Price 101.316 |
Using West Fraser hype-based prediction, you can estimate the value of West Fraser Timber from the perspective of West Fraser 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 West Fraser to buy its stock at a price that has no basis in reality. In that case, they are not buying West 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.
West Fraser after-hype prediction price | CAD 96.03 |
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.
West |
West Fraser After-Hype Price Density Analysis
As far as predicting the price of West Fraser 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 West Fraser 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 West Fraser, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
West Fraser Estimiated After-Hype Price Volatility
In the context of predicting West Fraser's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on West Fraser's historical news coverage. West Fraser's after-hype downside and upside margins for the prediction period are 94.13 and 97.93, respectively. We have considered West Fraser'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
West Fraser is very steady at this time. Analysis and calculation of next after-hype price of West Fraser Timber is based on 3 months time horizon.
West Fraser Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as West Fraser is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading West Fraser 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 West Fraser, 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 |
0.21 | 1.90 | 0.01 | 0.01 | 3 Events / Month | 2 Events / Month | In about 3 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
96.02 | 96.03 | 0.01 |
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West Fraser Hype Timeline
West Fraser Timber is at this time traded for 96.02on Toronto Exchange of Canada. The entity has historical hype elasticity of 0.01, and average elasticity to hype of competition of -0.01. West is forecasted to increase in value after the next headline, with the price projected to jump to 96.03 or above. The average volatility of media hype impact on the company the price is over 100%. The price boost on the next news is estimated to be 0.01%, whereas the daily expected return is at this time at 0.21%. The volatility of related hype on West Fraser is about 3114.75%, with the expected price after the next announcement by competition of 96.01. The company reported the revenue of 6.17 B. Net Loss for the year was (4.76 M) with profit before overhead, payroll, taxes, and interest of 1.46 B. Assuming the 90 days trading horizon the next forecasted press release will be in about 3 days. Check out West Fraser Basic Forecasting Models to cross-verify your projections.West Fraser Related Hype Analysis
Having access to credible news sources related to West Fraser's direct competition is more important than ever and may enhance your ability to predict West Fraser's future price movements. Getting to know how West Fraser'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 West Fraser may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| SSRM | SSR Mining | (0.76) | 9 per month | 2.91 | 0.07 | 4.63 | (5.03) | 12.93 | |
| SJ | Stella Jones | 0.04 | 1 per month | 1.11 | 0.08 | 2.30 | (1.94) | 7.81 | |
| GMIN | G Mining Ventures | 0.04 | 1 per month | 2.85 | 0.27 | 6.60 | (4.24) | 15.99 | |
| NG | NovaGold Resources | 0.04 | 1 per month | 2.49 | 0.11 | 5.85 | (4.56) | 12.28 | |
| ELD | Eldorado Gold Corp | 0.04 | 2 per month | 1.19 | 0.37 | 4.82 | (2.84) | 11.64 | |
| CFP | Canfor | (0.20) | 7 per month | 1.98 | 0.09 | 3.70 | (3.55) | 12.01 | |
| OGC | OceanaGold | 0.14 | 7 per month | 1.83 | 0.29 | 4.57 | (3.88) | 11.33 | |
| NGD | New Gold | 0.04 | 1 per month | 2.15 | 0.25 | 7.68 | (3.10) | 20.09 | |
| PRU | Perseus Mining | (0.03) | 9 per month | 1.65 | 0.23 | 4.01 | (2.91) | 9.69 | |
| NGEX | NGEx Minerals | 0.04 | 5 per month | 3.26 | 0.06 | 5.08 | (4.71) | 13.26 |
West Fraser Additional Predictive Modules
Most predictive techniques to examine West price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for West using various technical indicators. When you analyze West 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 West Fraser Predictive Indicators
The successful prediction of West Fraser 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 West Fraser Timber, 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 West Fraser based on analysis of West Fraser hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to West Fraser's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to West Fraser's related companies. | 2023 | 2024 | 2025 | 2026 (projected) | Dividend Yield | 0.0108 | 0.009547 | 0.011 | 0.0109 | Price To Sales Ratio | 1.46 | 1.63 | 1.47 | 0.77 |
Pair Trading with West Fraser
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if West Fraser position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in West Fraser will appreciate offsetting losses from the drop in the long position's value.Moving together with West Stock
| 0.8 | AG | First Majestic Silver | PairCorr |
| 0.79 | IE | Ivanhoe Energy | PairCorr |
| 0.76 | ORE | Orezone Gold Corp | PairCorr |
| 0.71 | FDY | Faraday Copper Corp | PairCorr |
Moving against West Stock
| 0.78 | AAPL | Apple CDR | PairCorr |
| 0.78 | AAPL | Apple Inc CDR | PairCorr |
| 0.43 | MSFT | Microsoft CDR | PairCorr |
| 0.43 | MSFT | Microsoft Corp CDR | PairCorr |
The ability to find closely correlated positions to West Fraser could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace West Fraser when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back West Fraser - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling West Fraser Timber to buy it.
The correlation of West Fraser is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as West Fraser moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if West Fraser Timber moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for West Fraser can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out West Fraser Basic Forecasting Models to cross-verify your projections. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.