Wearable Devices Stock Probability of Future Stock Price Finishing Under 3.29
| WLDS Stock | USD 1.61 0.02 1.23% |
Wearable |
Wearable Devices Target Price Odds to finish below 3.29
The tendency of Wearable 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 stay under $ 3.29 after 90 days |
| 1.61 | 90 days | 3.29 | about 46.82 |
Based on a normal probability distribution, the odds of Wearable Devices to stay under $ 3.29 after 90 days from now is about 46.82 (This Wearable Devices probability density function shows the probability of Wearable Stock to fall within a particular range of prices over 90 days) . Probability of Wearable Devices price to stay between its current price of $ 1.61 and $ 3.29 at the end of the 90-day period is about 34.77 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.83 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Wearable Devices will likely underperform. Additionally Wearable Devices 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. Wearable Devices Price Density |
| Price |
Predictive Modules for Wearable Devices
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wearable Devices. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wearable Devices' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Wearable Devices Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Wearable Devices is not an exception. The market had few large corrections towards the Wearable Devices' 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 Wearable Devices, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Wearable Devices within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -2.04 | |
β | Beta against Dow Jones | 2.83 | |
σ | Overall volatility | 1.54 | |
Ir | Information ratio | -0.2 |
Wearable Devices 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 Wearable Devices for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Wearable Devices can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Wearable Devices generated a negative expected return over the last 90 days | |
| Wearable Devices has high historical volatility and very poor performance | |
| Wearable Devices may become a speculative penny stock | |
| Wearable Devices has a very high chance of going through financial distress in the upcoming years | |
| Wearable Devices currently holds 575 K in liabilities. Wearable Devices has a current ratio of 0.31, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Wearable Devices' use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 82 K. Net Loss for the year was (7.81 M) with profit before overhead, payroll, taxes, and interest of 35 K. | |
| Wearable Devices currently holds about 320 K in cash with (8.43 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Wearable Devices has a frail financial position based on the latest SEC disclosures | |
| Roughly 24.0% of the company outstanding shares are owned by insiders | |
| Latest headline from globenewswire.com: Wearable Devices Ltd. Announces Closing of 1.85 Million Registered Direct Offering and Concurrent Private Placement |
Wearable Devices 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 Wearable Stock often depends not only on the future outlook of the current and potential Wearable Devices' 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. Wearable Devices' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 16.2 M | |
| Cash And Short Term Investments | 4.9 M | |
| Shares Float | 756.7 K |
Wearable Devices Technical Analysis
Wearable Devices' future price can be derived by breaking down and analyzing its technical indicators over time. Wearable Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Wearable Devices. In general, you should focus on analyzing Wearable Stock price patterns and their correlations with different microeconomic environments and drivers.
Wearable Devices Predictive Forecast Models
Wearable Devices' time-series forecasting models is one of many Wearable Devices' 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 Wearable Devices' 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 Wearable Devices
Checking the ongoing alerts about Wearable Devices for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Wearable Devices help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Wearable Devices generated a negative expected return over the last 90 days | |
| Wearable Devices has high historical volatility and very poor performance | |
| Wearable Devices may become a speculative penny stock | |
| Wearable Devices has a very high chance of going through financial distress in the upcoming years | |
| Wearable Devices currently holds 575 K in liabilities. Wearable Devices has a current ratio of 0.31, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Wearable Devices' use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 82 K. Net Loss for the year was (7.81 M) with profit before overhead, payroll, taxes, and interest of 35 K. | |
| Wearable Devices currently holds about 320 K in cash with (8.43 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Wearable Devices has a frail financial position based on the latest SEC disclosures | |
| Roughly 24.0% of the company outstanding shares are owned by insiders | |
| Latest headline from globenewswire.com: Wearable Devices Ltd. Announces Closing of 1.85 Million Registered Direct Offering and Concurrent Private Placement |
Additional Tools for Wearable Stock Analysis
When running Wearable Devices' price analysis, check to measure Wearable Devices' 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 Wearable Devices is operating at the current time. Most of Wearable Devices' value examination focuses on studying past and present price action to predict the probability of Wearable Devices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wearable Devices' price. Additionally, you may evaluate how the addition of Wearable Devices to your portfolios can decrease your overall portfolio volatility.