Wheaton Precious Metals Stock Probability of Future Stock Price Finishing Under 40.97
| WPM Stock | USD 57.40 0.03 0.05% |
Wheaton |
Wheaton Precious Target Price Odds to finish below 40.97
The tendency of Wheaton 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 $ 40.97 or more in 90 days |
| 57.40 | 90 days | 40.97 | near 1 |
Based on a normal probability distribution, the odds of Wheaton Precious to drop to $ 40.97 or more in 90 days from now is near 1 (This Wheaton Precious Metals probability density function shows the probability of Wheaton Stock to fall within a particular range of prices over 90 days) . Probability of Wheaton Precious Metals price to stay between $ 40.97 and its current price of $57.4 at the end of the 90-day period is nearly 4.1 .
Considering the 90-day investment horizon Wheaton Precious Metals has a beta of -0.0333. This entails as returns on the benchmark increase, returns on holding Wheaton Precious are expected to decrease at a much lower rate. During a bear market, however, Wheaton Precious Metals is likely to outperform the market. Additionally Wheaton Precious Metals 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. Wheaton Precious Price Density |
| Price |
Predictive Modules for Wheaton Precious
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wheaton Precious Metals. 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.Wheaton Precious Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Wheaton Precious is not an exception. The market had few large corrections towards the Wheaton Precious' 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 Wheaton Precious Metals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Wheaton Precious within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | -0.03 | |
σ | Overall volatility | 2.79 | |
Ir | Information ratio | -0.07 |
Wheaton Precious 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 Wheaton Precious for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Wheaton Precious Metals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Wheaton Precious generated a negative expected return over the last 90 days | |
| Wheaton Precious has a strong financial position based on the latest SEC filings | |
| About 70.0% of the company outstanding shares are owned by institutional investors | |
| On 6th of December 2024 Wheaton Precious paid $ 0.155 per share dividend to its current shareholders | |
| Latest headline from cbsnews.com: How todays gold prices stack up historically |
Wheaton Precious 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 Wheaton Stock often depends not only on the future outlook of the current and potential Wheaton Precious' 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. Wheaton Precious' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 453.5 M | |
| Cash And Short Term Investments | 546.5 M |
Wheaton Precious Technical Analysis
Wheaton Precious' future price can be derived by breaking down and analyzing its technical indicators over time. Wheaton Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Wheaton Precious Metals. In general, you should focus on analyzing Wheaton Stock price patterns and their correlations with different microeconomic environments and drivers.
Wheaton Precious Predictive Forecast Models
Wheaton Precious' time-series forecasting models is one of many Wheaton Precious' 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 Wheaton Precious' 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 Wheaton Precious Metals
Checking the ongoing alerts about Wheaton Precious for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Wheaton Precious Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Wheaton Precious generated a negative expected return over the last 90 days | |
| Wheaton Precious has a strong financial position based on the latest SEC filings | |
| About 70.0% of the company outstanding shares are owned by institutional investors | |
| On 6th of December 2024 Wheaton Precious paid $ 0.155 per share dividend to its current shareholders | |
| Latest headline from cbsnews.com: How todays gold prices stack up historically |
Check out Wheaton Precious Backtesting, Wheaton Precious Valuation, Wheaton Precious Correlation, Wheaton Precious Hype Analysis, Wheaton Precious Volatility, Wheaton Precious History as well as Wheaton Precious Performance. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Wheaton Precious. If investors know Wheaton will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Wheaton Precious listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.323 | Dividend Share 0.615 | Earnings Share 1.34 | Revenue Per Share 2.686 | Quarterly Revenue Growth 0.381 |
The market value of Wheaton Precious Metals is measured differently than its book value, which is the value of Wheaton that is recorded on the company's balance sheet. Investors also form their own opinion of Wheaton Precious' value that differs from its market value or its book value, called intrinsic value, which is Wheaton Precious' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Wheaton Precious' market value can be influenced by many factors that don't directly affect Wheaton Precious' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Wheaton Precious' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wheaton Precious is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wheaton Precious' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.