Workhorse Group Stock Probability of Future Stock Price Finishing Over 0.23
WKHS Stock | USD 0.23 0.01 4.55% |
Closest to current price Workhorse long CALL Option Payoff at Expiration
Workhorse |
Workhorse Target Price Odds to finish over 0.23
The tendency of Workhorse 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 above the current price in 90 days |
0.23 | 90 days | 0.23 | about 90.49 |
Based on a normal probability distribution, the odds of Workhorse to move above the current price in 90 days from now is about 90.49 (This Workhorse Group probability density function shows the probability of Workhorse Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.19 . 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, Workhorse will likely underperform. Additionally Workhorse Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite. Workhorse Price Density |
Price |
Predictive Modules for Workhorse
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Workhorse Group. 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 Workhorse's 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.
Workhorse Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Workhorse is not an exception. The market had few large corrections towards the Workhorse'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 Workhorse Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Workhorse within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.69 | |
β | Beta against NYSE Composite | 1.19 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | -0.11 |
Workhorse 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 Workhorse for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Workhorse Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.Workhorse Group generated a negative expected return over the last 90 days | |
Workhorse Group has high historical volatility and very poor performance | |
Workhorse Group has some characteristics of a very speculative penny stock | |
Workhorse Group has a very high chance of going through financial distress in the upcoming years | |
The company reported the previous year's revenue of 13.09 M. Net Loss for the year was (123.92 M) with loss before overhead, payroll, taxes, and interest of (32.65 M). | |
Workhorse Group currently holds about 140.06 M in cash with (123.02 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.86, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
Workhorse Group has a frail financial position based on the latest SEC disclosures | |
Latest headline from finance.yahoo.com: Ballard Announces Appointment of Jacqui Dedo to Board of Directors |
Workhorse 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 Workhorse Stock often depends not only on the future outlook of the current and potential Workhorse'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. Workhorse's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding | 207.3 M | |
Cash And Short Term Investments | 35.8 M |
Workhorse Technical Analysis
Workhorse's future price can be derived by breaking down and analyzing its technical indicators over time. Workhorse Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Workhorse Group. In general, you should focus on analyzing Workhorse Stock price patterns and their correlations with different microeconomic environments and drivers.
Workhorse Predictive Forecast Models
Workhorse's time-series forecasting models is one of many Workhorse'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 Workhorse'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 Workhorse Group
Checking the ongoing alerts about Workhorse for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Workhorse Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Workhorse Group generated a negative expected return over the last 90 days | |
Workhorse Group has high historical volatility and very poor performance | |
Workhorse Group has some characteristics of a very speculative penny stock | |
Workhorse Group has a very high chance of going through financial distress in the upcoming years | |
The company reported the previous year's revenue of 13.09 M. Net Loss for the year was (123.92 M) with loss before overhead, payroll, taxes, and interest of (32.65 M). | |
Workhorse Group currently holds about 140.06 M in cash with (123.02 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.86, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
Workhorse Group has a frail financial position based on the latest SEC disclosures | |
Latest headline from finance.yahoo.com: Ballard Announces Appointment of Jacqui Dedo to Board of Directors |
Check out Workhorse Backtesting, Workhorse Valuation, Workhorse Correlation, Workhorse Hype Analysis, Workhorse Volatility, Workhorse History as well as Workhorse Performance. Note that the Workhorse Group information on this page should be used as a complementary analysis to other Workhorse's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Workhorse Stock analysis
When running Workhorse's price analysis, check to measure Workhorse's 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 Workhorse is operating at the current time. Most of Workhorse's value examination focuses on studying past and present price action to predict the probability of Workhorse's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Workhorse's price. Additionally, you may evaluate how the addition of Workhorse to your portfolios can decrease your overall portfolio volatility.
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |
Is Workhorse's industry 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 Workhorse. If investors know Workhorse 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 Workhorse 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 190.435 | Earnings Share (0.60) | Revenue Per Share 0.063 | Quarterly Revenue Growth 0.278 | Return On Assets (0.40) |
The market value of Workhorse Group is measured differently than its book value, which is the value of Workhorse that is recorded on the company's balance sheet. Investors also form their own opinion of Workhorse's value that differs from its market value or its book value, called intrinsic value, which is Workhorse's 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 Workhorse's market value can be influenced by many factors that don't directly affect Workhorse's 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 Workhorse's value and its price as these two are different measures arrived at by different means. Investors typically determine if Workhorse is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workhorse's 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.