Wajax Stock Price Prediction
| WJX Stock | CAD 23.73 0.13 0.55% |
Oversold Vs Overbought
34
Oversold | Overbought |
Quarterly Earnings Growth (0.72) | EPS Estimate Next Quarter 0.82 | EPS Estimate Current Year 2.4625 | EPS Estimate Next Year 2.7125 | Wall Street Target Price 23.75 |
Using Wajax hype-based prediction, you can estimate the value of Wajax from the perspective of Wajax response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in Wajax to buy its stock at a price that has no basis in reality. In that case, they are not buying Wajax because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Wajax after-hype prediction price | CAD 23.71 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Wajax |
Wajax After-Hype Price Prediction Density Analysis
As far as predicting the price of Wajax at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Wajax or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Wajax, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Wajax Estimiated After-Hype Price Volatility
In the context of predicting Wajax's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Wajax's historical news coverage. Wajax's after-hype downside and upside margins for the prediction period are 21.02 and 26.40, respectively. We have considered Wajax's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Wajax is not too volatile at this time. Analysis and calculation of next after-hype price of Wajax is based on 3 months time horizon.
Wajax Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Wajax is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Wajax backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Wajax, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.01 | 2.69 | 0.02 | 0.00 | 2 Events / Month | 1 Events / Month | In a few days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
23.73 | 23.71 | 0.08 |
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Wajax Hype Timeline
Wajax is at this time traded for 23.73on Toronto Exchange of Canada. The entity has historical hype elasticity of -0.02, and average elasticity to hype of competition of 0.0. Wajax is anticipated to decline in value after the next headline, with the price expected to drop to 23.71. The average volatility of media hype impact on the company price is about 123.39%. The price drop on the next news is expected to be -0.08%, whereas the daily expected return is at this time at -0.01%. The volatility of related hype on Wajax is about 4803.57%, with the expected price after the next announcement by competition of 23.73. About 24.0% of the company outstanding shares are owned by institutional investors. The company has Price to Book (P/B) ratio of 1.0. Historically many companies with similar price-to-book (P/B) ratio do better than the market in the long run. Wajax has Price/Earnings To Growth (PEG) ratio of 2.6. The entity last dividend was issued on the 16th of December 2024. Assuming the 90 days trading horizon the next anticipated press release will be in a few days. Check out Wajax Basic Forecasting Models to cross-verify your projections.Wajax Related Hype Analysis
Having access to credible news sources related to Wajax's direct competition is more important than ever and may enhance your ability to predict Wajax's future price movements. Getting to know how Wajax's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Wajax may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| RUS | Russel Metals | 1.43 | 3 per month | 1.18 | 0.14 | 2.87 | (2.68) | 8.70 | |
| BDT | Bird Construction | 0.40 | 3 per month | 1.85 | 0.13 | 3.80 | (2.86) | 20.62 | |
| FTT | Finning International | (0.24) | 3 per month | 0.00 | (0.08) | 3.30 | (2.19) | 14.49 | |
| MTL | Mullen Group | 0.05 | 3 per month | 0.89 | (0.0006) | 2.12 | (1.63) | 10.94 | |
| AFN | Ag Growth International | (1.36) | 3 per month | 0.00 | (0.12) | 2.23 | (3.05) | 8.00 |
Wajax Additional Predictive Modules
Most predictive techniques to examine Wajax price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Wajax using various technical indicators. When you analyze Wajax charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Wajax Predictive Indicators
The successful prediction of Wajax stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Wajax, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Wajax based on analysis of Wajax hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Wajax's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Wajax's related companies. | 2023 | 2024 (projected) | Dividend Yield | 0.041 | 0.0805 | Price To Sales Ratio | 0.3 | 0.25 |
Story Coverage note for Wajax
The number of cover stories for Wajax depends on current market conditions and Wajax's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Wajax is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Wajax's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
Other Macroaxis Stories
Our audience includes start-ups and big corporations as well as marketing, public relation firms, and advertising agencies, including technology and finance journalists. Our platform and its news and story outlet are popular among finance students, amateur traders, self-guided investors, entrepreneurs, retirees and baby boomers, academic researchers, financial advisers, as well as professional money managers - a very diverse and influential demographic landscape united by one goal - build optimal investment portfolios
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Wajax Short Properties
Wajax's future price predictability will typically decrease when Wajax's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Wajax often depends not only on the future outlook of the potential Wajax's 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. Wajax's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 22.3 M |
Other Information on Investing in Wajax Stock
Wajax financial ratios help investors to determine whether Wajax 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 Wajax with respect to the benefits of owning Wajax security.