Wolverine World Wide Stock Probability of Future Stock Price Finishing Over 12.25
| WWW Stock | USD 14.06 0.01 0.07% |
Closest to current price Wolverine long CALL Option Payoff at Expiration
Wolverine |
Wolverine World Target Price Odds to finish over 12.25
The tendency of Wolverine 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 stay above $ 12.25 in 90 days |
| 14.06 | 90 days | 12.25 | nearly 4.16 |
Based on a normal probability distribution, the odds of Wolverine World to stay above $ 12.25 in 90 days from now is nearly 4.16 (This Wolverine World Wide probability density function shows the probability of Wolverine Stock to fall within a particular range of prices over 90 days) . Probability of Wolverine World Wide price to stay between $ 12.25 and its current price of $14.06 at the end of the 90-day period is nearly 4.11 .
Considering the 90-day investment horizon the stock has the beta coefficient of 2.97 . 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, Wolverine World will likely underperform. Additionally Wolverine World Wide has an alpha of 0.5572, implying that it can generate a 0.56 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Wolverine World Price Density |
| Price |
Predictive Modules for Wolverine World
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wolverine World Wide. 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 Wolverine World'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.
Wolverine World Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Wolverine World is not an exception. The market had few large corrections towards the Wolverine World'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 Wolverine World Wide, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Wolverine World within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.56 | |
β | Beta against NYSE Composite | 2.97 | |
σ | Overall volatility | 1.16 | |
Ir | Information ratio | 0.21 |
Wolverine World 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 Wolverine World for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Wolverine World Wide can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Wolverine World Wide appears to be risky and price may revert if volatility continues | |
| The company reported the last year's revenue of 2.24 B. Reported Net Loss for the year was (39.2 M) with profit before taxes, overhead, and interest of 1.07 B. | |
| Over 91.0% of the company outstanding shares are owned by institutional investors | |
| On 1st of May 2024 Wolverine World paid $ 0.1 per share dividend to its current shareholders | |
| Latest headline from simplywall.st: What Wolverine World Wide, Inc.s 54 percent Share Price Gain Is Not Telling You |
Wolverine World 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 Wolverine Stock often depends not only on the future outlook of the current and potential Wolverine World'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. Wolverine World's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 79.4 M | |
| Cash And Short Term Investments | 179 M |
Wolverine World Technical Analysis
Wolverine World's future price can be derived by breaking down and analyzing its technical indicators over time. Wolverine Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Wolverine World Wide. In general, you should focus on analyzing Wolverine Stock price patterns and their correlations with different microeconomic environments and drivers.
Wolverine World Predictive Forecast Models
Wolverine World's time-series forecasting models is one of many Wolverine World'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 Wolverine World'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 Wolverine World Wide
Checking the ongoing alerts about Wolverine World for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Wolverine World Wide help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Wolverine World Wide appears to be risky and price may revert if volatility continues | |
| The company reported the last year's revenue of 2.24 B. Reported Net Loss for the year was (39.2 M) with profit before taxes, overhead, and interest of 1.07 B. | |
| Over 91.0% of the company outstanding shares are owned by institutional investors | |
| On 1st of May 2024 Wolverine World paid $ 0.1 per share dividend to its current shareholders | |
| Latest headline from simplywall.st: What Wolverine World Wide, Inc.s 54 percent Share Price Gain Is Not Telling You |
Check out Wolverine World Backtesting, Wolverine World Valuation, Wolverine World Correlation, Wolverine World Hype Analysis, Wolverine World Volatility, Wolverine World History as well as Wolverine World Performance. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Wolverine Stock analysis
When running Wolverine World's price analysis, check to measure Wolverine World'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 Wolverine World is operating at the current time. Most of Wolverine World's value examination focuses on studying past and present price action to predict the probability of Wolverine World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wolverine World's price. Additionally, you may evaluate how the addition of Wolverine World to your portfolios can decrease your overall portfolio volatility.
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Is Wolverine World'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 Wolverine World. If investors know Wolverine 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 Wolverine World 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 (0.78) | Dividend Share 0.4 | Earnings Share (0.93) | Revenue Per Share 25.624 | Quarterly Revenue Growth (0.34) |
The market value of Wolverine World Wide is measured differently than its book value, which is the value of Wolverine that is recorded on the company's balance sheet. Investors also form their own opinion of Wolverine World's value that differs from its market value or its book value, called intrinsic value, which is Wolverine World'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 Wolverine World's market value can be influenced by many factors that don't directly affect Wolverine World'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 Wolverine World's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wolverine World is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wolverine World'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.