Weebit Nano (Australia) Probability of Future Stock Price Finishing Over 15.79
| WBT Stock | 2.85 0.04 1.38% |
Weebit |
Weebit Nano Target Price Odds to finish over 15.79
The tendency of Weebit 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 over 15.79 or more in 90 days |
| 2.85 | 90 days | 15.79 | close to zero percent |
Based on a normal probability distribution, the odds of Weebit Nano to move over 15.79 or more in 90 days from now is close to zero percent (This Weebit Nano probability density function shows the probability of Weebit Stock to fall within a particular range of prices over 90 days) . Probability of Weebit Nano price to stay between its current price of 2.85 and 15.79 at the end of the 90-day period is about 14.01 .
Assuming the 90 days trading horizon Weebit Nano has a beta of -0.66. This entails as returns on the benchmark increase, returns on holding Weebit Nano are expected to decrease at a much lower rate. During a bear market, however, Weebit Nano is likely to outperform the market. Additionally Weebit Nano has an alpha of 0.7823, implying that it can generate a 0.78 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Weebit Nano Price Density |
| Price |
Predictive Modules for Weebit Nano
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Weebit Nano. 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.Weebit Nano Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Weebit Nano is not an exception. The market had few large corrections towards the Weebit Nano'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 Weebit Nano, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Weebit Nano within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.78 | |
β | Beta against Dow Jones | -0.66 | |
σ | Overall volatility | 0.50 | |
Ir | Information ratio | 0.13 |
Weebit Nano 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 Weebit Nano for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Weebit Nano can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Weebit Nano appears to be risky and price may revert if volatility continues | |
| Weebit Nano has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 1.02 M. Net Loss for the year was (41.25 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Weebit Nano has accumulated about 15.15 M in cash with (24.4 M) of positive cash flow from operations. | |
| Roughly 13.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Weebit Nano Gains Investor Confidence with 50M Placement - Nasdaq |
Weebit Nano 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 Weebit Stock often depends not only on the future outlook of the current and potential Weebit Nano'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. Weebit Nano's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 188 M | |
| Cash And Short Term Investments | 62.8 M | |
| Shares Float | 169.8 M |
Weebit Nano Technical Analysis
Weebit Nano's future price can be derived by breaking down and analyzing its technical indicators over time. Weebit Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Weebit Nano. In general, you should focus on analyzing Weebit Stock price patterns and their correlations with different microeconomic environments and drivers.
Weebit Nano Predictive Forecast Models
Weebit Nano's time-series forecasting models is one of many Weebit Nano'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 Weebit Nano'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 Weebit Nano
Checking the ongoing alerts about Weebit Nano for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Weebit Nano help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Weebit Nano appears to be risky and price may revert if volatility continues | |
| Weebit Nano has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 1.02 M. Net Loss for the year was (41.25 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Weebit Nano has accumulated about 15.15 M in cash with (24.4 M) of positive cash flow from operations. | |
| Roughly 13.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Weebit Nano Gains Investor Confidence with 50M Placement - Nasdaq |
Additional Tools for Weebit Stock Analysis
When running Weebit Nano's price analysis, check to measure Weebit Nano'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 Weebit Nano is operating at the current time. Most of Weebit Nano's value examination focuses on studying past and present price action to predict the probability of Weebit Nano's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Weebit Nano's price. Additionally, you may evaluate how the addition of Weebit Nano to your portfolios can decrease your overall portfolio volatility.