Wesdome Gold Mines Stock Price Prediction
| WDO Stock | CAD 11.06 0.45 3.91% |
Oversold Vs Overbought
56
Oversold | Overbought |
Wesdome Gold Mines stock price prediction is an act of determining the future value of Wesdome Gold shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Wesdome Gold's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Wesdome Gold and does not consider all of the tangible or intangible factors available from Wesdome Gold's fundamental data. We analyze noise-free headlines and recent hype associated with Wesdome Gold Mines, which may create opportunities for some arbitrage if properly timed.
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Wesdome Gold based on different types of headlines from major news networks to social media. The Wesdome stock price prediction module provides an analysis of price elasticity to changes in media outlook on Wesdome Gold over a specific investment horizon. Using Wesdome Gold hype-based prediction, you can estimate the value of Wesdome Gold Mines from the perspective of Wesdome Gold response to recently generated media hype and the effects of current headlines on its competitors.
This module is based on analyzing investor sentiment around taking a position in Wesdome Gold. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Wesdome Gold to buy its stock at a price that has no basis in reality. In that case, they are not buying Wesdome 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.
Wesdome Gold after-hype prediction price | CAD 10.92 |
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.
Wesdome |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wesdome Gold'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.
Wesdome Gold After-Hype Price Prediction Density Analysis
As far as predicting the price of Wesdome Gold 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 Wesdome Gold 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 Wesdome Gold, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Wesdome Gold Estimiated After-Hype Price Volatility
In the context of predicting Wesdome Gold's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Wesdome Gold's historical news coverage. Wesdome Gold's after-hype downside and upside margins for the prediction period are 7.97 and 13.87, respectively. We have considered Wesdome Gold'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
Wesdome Gold is somewhat reliable at this time. Analysis and calculation of next after-hype price of Wesdome Gold Mines is based on 3 months time horizon.
Wesdome Gold Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Wesdome Gold is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Wesdome Gold 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 Wesdome Gold, 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 |
0.42 | 2.95 | 0.14 | 0.03 | 8 Events / Month | 1 Events / Month | In about 8 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
11.06 | 10.92 | 1.27 |
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Wesdome Gold Hype Timeline
Wesdome Gold Mines is at this time traded for 11.06on Toronto Exchange of Canada. The entity has historical hype elasticity of -0.14, and average elasticity to hype of competition of 0.03. Wesdome is estimated to decline in value after the next headline, with the price expected to drop to 10.92. The average volatility of media hype impact on the company price is over 100%. The price drop on the next news is expected to be -1.27%, whereas the daily expected return is at this time at 0.42%. The volatility of related hype on Wesdome Gold is about 4916.67%, with the expected price after the next announcement by competition of 11.09. About 47.0% of the company outstanding shares are owned by institutional investors. The book value of Wesdome Gold was at this time reported as 2.96. The company last dividend was issued on the 13th of April 2011. Wesdome Gold Mines had 1:1 split on the 6th of February 2006. Assuming the 90 days trading horizon the next estimated press release will be in about 8 days. Check out Wesdome Gold Basic Forecasting Models to cross-verify your projections.Wesdome Gold Related Hype Analysis
Having access to credible news sources related to Wesdome Gold's direct competition is more important than ever and may enhance your ability to predict Wesdome Gold's future price movements. Getting to know how Wesdome Gold'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 Wesdome Gold may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| OGC | OceanaGold | (0.02) | 6 per month | 3.18 | 0.05 | 5.76 | (5.64) | 16.84 | |
| TXG | Torex Gold Resources | 0.43 | 8 per month | 1.96 | 0.18 | 6.61 | (3.93) | 11.75 | |
| OSK | Osisko Mining Corp | (0.04) | 9 per month | 2.45 | 0.09 | 4.90 | (4.10) | 11.64 | |
| AGI | Alamos Gold | (0.08) | 8 per month | 1.61 | 0.17 | 4.09 | (2.78) | 11.00 | |
| DPM | Dundee Precious Metals | 0.01 | 5 per month | 1.38 | 0.18 | 3.75 | (2.51) | 10.54 |
Wesdome Gold Additional Predictive Modules
Most predictive techniques to examine Wesdome price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Wesdome using various technical indicators. When you analyze Wesdome 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Wesdome Gold Predictive Indicators
The successful prediction of Wesdome Gold 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 Wesdome Gold Mines, 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 Wesdome Gold based on analysis of Wesdome Gold hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Wesdome Gold's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Wesdome Gold's related companies. Story Coverage note for Wesdome Gold
The number of cover stories for Wesdome Gold depends on current market conditions and Wesdome Gold's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Wesdome Gold 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 Wesdome Gold's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Wesdome Gold Short Properties
Wesdome Gold's future price predictability will typically decrease when Wesdome Gold's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Wesdome Gold Mines often depends not only on the future outlook of the potential Wesdome Gold'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. Wesdome Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 149 M |
Check out Wesdome Gold Basic Forecasting Models to cross-verify your projections. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Wesdome Stock analysis
When running Wesdome Gold's price analysis, check to measure Wesdome Gold'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 Wesdome Gold is operating at the current time. Most of Wesdome Gold's value examination focuses on studying past and present price action to predict the probability of Wesdome Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wesdome Gold's price. Additionally, you may evaluate how the addition of Wesdome Gold to your portfolios can decrease your overall portfolio volatility.
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