WOODSIDE ENE (Germany) Probability of Future Stock Price Finishing Over 30.13
| WOP Stock | EUR 14.00 0.50 3.45% |
WOODSIDE |
WOODSIDE ENE Target Price Odds to finish over 30.13
The tendency of WOODSIDE 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 € 30.13 or more in 90 days |
| 14.00 | 90 days | 30.13 | close to zero percent |
Based on a normal probability distribution, the odds of WOODSIDE ENE to move over € 30.13 or more in 90 days from now is close to zero percent (This WOODSIDE ENE SPADR probability density function shows the probability of WOODSIDE Stock to fall within a particular range of prices over 90 days) . Probability of WOODSIDE ENE SPADR price to stay between its current price of € 14.00 and € 30.13 at the end of the 90-day period is about 85.19 .
Assuming the 90 days horizon WOODSIDE ENE has a beta of 0.99. This entails WOODSIDE ENE SPADR market returns are reactive to returns on the market. As the market goes up or down, WOODSIDE ENE is expected to follow. Additionally WOODSIDE ENE SPADR 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. WOODSIDE ENE Price Density |
| Price |
Predictive Modules for WOODSIDE ENE
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as WOODSIDE ENE SPADR. 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.WOODSIDE ENE Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. WOODSIDE ENE is not an exception. The market had few large corrections towards the WOODSIDE ENE'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 WOODSIDE ENE SPADR, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of WOODSIDE ENE within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | 0.99 | |
σ | Overall volatility | 0.67 | |
Ir | Information ratio | -0.02 |
WOODSIDE ENE 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 WOODSIDE ENE for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for WOODSIDE ENE SPADR can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| WOODSIDE ENE SPADR generated a negative expected return over the last 90 days | |
| WOODSIDE ENE SPADR has high historical volatility and very poor performance | |
| WOODSIDE ENE SPADR has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 10.27 B. Net Loss for the year was (4.03 B) with profit before overhead, payroll, taxes, and interest of 3.12 B. |
WOODSIDE ENE Technical Analysis
WOODSIDE ENE's future price can be derived by breaking down and analyzing its technical indicators over time. WOODSIDE Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of WOODSIDE ENE SPADR. In general, you should focus on analyzing WOODSIDE Stock price patterns and their correlations with different microeconomic environments and drivers.
WOODSIDE ENE Predictive Forecast Models
WOODSIDE ENE's time-series forecasting models is one of many WOODSIDE ENE'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 WOODSIDE ENE'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.
Things to note about WOODSIDE ENE SPADR
Checking the ongoing alerts about WOODSIDE ENE for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for WOODSIDE ENE SPADR help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| WOODSIDE ENE SPADR generated a negative expected return over the last 90 days | |
| WOODSIDE ENE SPADR has high historical volatility and very poor performance | |
| WOODSIDE ENE SPADR has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 10.27 B. Net Loss for the year was (4.03 B) with profit before overhead, payroll, taxes, and interest of 3.12 B. |
Other Information on Investing in WOODSIDE Stock
WOODSIDE ENE financial ratios help investors to determine whether WOODSIDE 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 WOODSIDE with respect to the benefits of owning WOODSIDE ENE security.