Whitemud Resources Stock Probability of Future Stock Price Finishing Under 0.05
WMK Stock | CAD 0.21 0.02 8.70% |
Whitemud |
Whitemud Resources Target Price Odds to finish below 0.05
The tendency of Whitemud 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 C$ 0.05 or more in 90 days |
0.21 | 90 days | 0.05 | near 1 |
Based on a normal probability distribution, the odds of Whitemud Resources to drop to C$ 0.05 or more in 90 days from now is near 1 (This Whitemud Resources probability density function shows the probability of Whitemud Stock to fall within a particular range of prices over 90 days) . Probability of Whitemud Resources price to stay between C$ 0.05 and its current price of C$0.21 at the end of the 90-day period is about 19.89 .
Assuming the 90 days horizon Whitemud Resources has a beta of 0.0654. This entails as returns on the market go up, Whitemud Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Whitemud Resources will be expected to be much smaller as well. Additionally Whitemud Resources has an alpha of 0.8478, implying that it can generate a 0.85 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Whitemud Resources Price Density |
Price |
Predictive Modules for Whitemud Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Whitemud Resources. 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 Whitemud Resources' 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.
Whitemud Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Whitemud Resources is not an exception. The market had few large corrections towards the Whitemud Resources' 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 Whitemud Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Whitemud Resources within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.85 | |
β | Beta against NYSE Composite | 0.07 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | 0.1 |
Whitemud Resources 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 Whitemud Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Whitemud Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.Whitemud Resources is way too risky over 90 days horizon | |
Whitemud Resources has some characteristics of a very speculative penny stock | |
Whitemud Resources appears to be risky and price may revert if volatility continues | |
The company reported the revenue of 35.7 K. Net Loss for the year was (687.55 K) with loss before overhead, payroll, taxes, and interest of (228.25 K). | |
Whitemud Resources has accumulated about 3.07 M in cash with (765.51 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
Roughly 46.0% of the company outstanding shares are owned by insiders | |
Latest headline from news.google.com: Closing Bell Whitemud Resources Inc down on Friday - The Globe and Mail |
Whitemud Resources 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 Whitemud Stock often depends not only on the future outlook of the current and potential Whitemud Resources' 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. Whitemud Resources' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding | 360.5 M |
Whitemud Resources Technical Analysis
Whitemud Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Whitemud Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Whitemud Resources. In general, you should focus on analyzing Whitemud Stock price patterns and their correlations with different microeconomic environments and drivers.
Whitemud Resources Predictive Forecast Models
Whitemud Resources' time-series forecasting models is one of many Whitemud Resources' 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 Whitemud Resources' 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 Whitemud Resources
Checking the ongoing alerts about Whitemud Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Whitemud Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Whitemud Resources is way too risky over 90 days horizon | |
Whitemud Resources has some characteristics of a very speculative penny stock | |
Whitemud Resources appears to be risky and price may revert if volatility continues | |
The company reported the revenue of 35.7 K. Net Loss for the year was (687.55 K) with loss before overhead, payroll, taxes, and interest of (228.25 K). | |
Whitemud Resources has accumulated about 3.07 M in cash with (765.51 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
Roughly 46.0% of the company outstanding shares are owned by insiders | |
Latest headline from news.google.com: Closing Bell Whitemud Resources Inc down on Friday - The Globe and Mail |
Check out Whitemud Resources Backtesting, Whitemud Resources Valuation, Whitemud Resources Correlation, Whitemud Resources Hype Analysis, Whitemud Resources Volatility, Whitemud Resources History as well as Whitemud Resources Performance. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Whitemud Stock analysis
When running Whitemud Resources' price analysis, check to measure Whitemud Resources' 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 Whitemud Resources is operating at the current time. Most of Whitemud Resources' value examination focuses on studying past and present price action to predict the probability of Whitemud Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Whitemud Resources' price. Additionally, you may evaluate how the addition of Whitemud Resources to your portfolios can decrease your overall portfolio volatility.
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
Transaction History View history of all your transactions and understand their impact on performance | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data |