Workforce Holdings (South Africa) Probability of Future Stock Price Finishing Over 152.04
| WKF Stock | 146.00 0.00 0.00% |
Workforce |
Workforce Holdings Target Price Odds to finish over 152.04
The tendency of Workforce 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 152.04 or more in 90 days |
| 146.00 | 90 days | 152.04 | about 49.48 |
Based on a normal probability distribution, the odds of Workforce Holdings to move over 152.04 or more in 90 days from now is about 49.48 (This Workforce Holdings probability density function shows the probability of Workforce Stock to fall within a particular range of prices over 90 days) . Probability of Workforce Holdings price to stay between its current price of 146.00 and 152.04 at the end of the 90-day period is about 16.22 .
Assuming the 90 days trading horizon Workforce Holdings has a beta of -0.27. This entails as returns on the benchmark increase, returns on holding Workforce Holdings are expected to decrease at a much lower rate. During a bear market, however, Workforce Holdings is likely to outperform the market. Additionally Workforce Holdings has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Workforce Holdings Price Density |
| Price |
Predictive Modules for Workforce Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Workforce Holdings. 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.Workforce Holdings Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Workforce Holdings is not an exception. The market had few large corrections towards the Workforce Holdings' 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 Workforce Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Workforce Holdings within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.29 | |
β | Beta against Dow Jones | -0.27 | |
σ | Overall volatility | 14.47 | |
Ir | Information ratio | -0.14 |
Workforce Holdings 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 Workforce Holdings for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Workforce Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Workforce Holdings generated a negative expected return over the last 90 days | |
| Workforce Holdings generates negative cash flow from operations | |
| About 85.0% of the company outstanding shares are owned by insiders |
Workforce Holdings 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 Workforce Stock often depends not only on the future outlook of the current and potential Workforce Holdings' 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. Workforce Holdings' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 225.5 M | |
| Cash And Short Term Investments | 79 M |
Workforce Holdings Technical Analysis
Workforce Holdings' future price can be derived by breaking down and analyzing its technical indicators over time. Workforce Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Workforce Holdings. In general, you should focus on analyzing Workforce Stock price patterns and their correlations with different microeconomic environments and drivers.
Workforce Holdings Predictive Forecast Models
Workforce Holdings' time-series forecasting models is one of many Workforce Holdings' 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 Workforce Holdings' 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 Workforce Holdings
Checking the ongoing alerts about Workforce Holdings for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Workforce Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Workforce Holdings generated a negative expected return over the last 90 days | |
| Workforce Holdings generates negative cash flow from operations | |
| About 85.0% of the company outstanding shares are owned by insiders |
Other Information on Investing in Workforce Stock
Workforce Holdings financial ratios help investors to determine whether Workforce 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 Workforce with respect to the benefits of owning Workforce Holdings security.