Westaim Corp (Germany) Probability of Future Stock Price Finishing Under 15.6
| WEM1 Stock | 20.04 0.00 0.00% |
Westaim |
Westaim Corp Target Price Odds to finish below 15.6
The tendency of Westaim 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 15.60 or more in 90 days |
| 20.04 | 90 days | 15.60 | near 1 |
Based on a normal probability distribution, the odds of Westaim Corp to drop to 15.60 or more in 90 days from now is near 1 (This The Westaim Corp probability density function shows the probability of Westaim Stock to fall within a particular range of prices over 90 days) . Probability of Westaim Corp price to stay between 15.60 and its current price of 20.04 at the end of the 90-day period is about 72.52 .
Assuming the 90 days trading horizon Westaim Corp has a beta of 0.16. This entails as returns on the market go up, Westaim Corp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding The Westaim Corp will be expected to be much smaller as well. Additionally The Westaim Corp has an alpha of 0.4178, implying that it can generate a 0.42 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Westaim Corp Price Density |
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Predictive Modules for Westaim Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Westaim 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.Westaim Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Westaim Corp is not an exception. The market had few large corrections towards the Westaim Corp'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 The Westaim Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Westaim Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.42 | |
β | Beta against Dow Jones | 0.16 | |
σ | Overall volatility | 1.45 | |
Ir | Information ratio | 0.17 |
Westaim Corp Technical Analysis
Westaim Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Westaim Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of The Westaim Corp. In general, you should focus on analyzing Westaim Stock price patterns and their correlations with different microeconomic environments and drivers.
Westaim Corp Predictive Forecast Models
Westaim Corp's time-series forecasting models is one of many Westaim Corp'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 Westaim Corp'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Westaim Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Westaim Corp's short interest history, or implied volatility extrapolated from Westaim Corp options trading.
Additional Tools for Westaim Stock Analysis
When running Westaim Corp's price analysis, check to measure Westaim Corp's 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 Westaim Corp is operating at the current time. Most of Westaim Corp's value examination focuses on studying past and present price action to predict the probability of Westaim Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westaim Corp's price. Additionally, you may evaluate how the addition of Westaim Corp to your portfolios can decrease your overall portfolio volatility.