White Gold Corp Stock Probability of Future Stock Price Finishing Under 0.33
| WGO Stock | CAD 0.22 0.01 4.76% |
White |
White Gold Target Price Odds to finish below 0.33
The tendency of White 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 under C$ 0.33 after 90 days |
| 0.22 | 90 days | 0.33 | close to 99 |
Based on a normal probability distribution, the odds of White Gold to stay under C$ 0.33 after 90 days from now is close to 99 (This White Gold Corp probability density function shows the probability of White Stock to fall within a particular range of prices over 90 days) . Probability of White Gold Corp price to stay between its current price of C$ 0.22 and C$ 0.33 at the end of the 90-day period is about 79.86 .
Assuming the 90 days horizon White Gold Corp has a beta of -0.19. This entails as returns on the benchmark increase, returns on holding White Gold are expected to decrease at a much lower rate. During a bear market, however, White Gold Corp is likely to outperform the market. Additionally White Gold Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. White Gold Price Density |
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Predictive Modules for White Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as White Gold Corp. 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.White Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. White Gold is not an exception. The market had few large corrections towards the White Gold'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 White Gold Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of White Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.29 | |
β | Beta against Dow Jones | -0.19 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.08 |
White Gold 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 White Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for White Gold Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| White Gold Corp generated a negative expected return over the last 90 days | |
| White Gold Corp has some characteristics of a very speculative penny stock | |
| White Gold Corp has high historical volatility and very poor performance | |
| White Gold Corp has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (2.22 M) with loss before overhead, payroll, taxes, and interest of (87.08 K). | |
| White Gold Corp has accumulated about 14.86 M in cash with (1.73 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.13. | |
| Roughly 52.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: White Gold Corp Launches 4.5M Private Placement to Advance 2.3M-Ounce Gold Portfolio in Yukon - StockTitan |
White Gold 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 White Stock often depends not only on the future outlook of the current and potential White 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. White Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 161.3 M | |
| Cash And Short Term Investments | 4.9 M |
White Gold Technical Analysis
White Gold's future price can be derived by breaking down and analyzing its technical indicators over time. White Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of White Gold Corp. In general, you should focus on analyzing White Stock price patterns and their correlations with different microeconomic environments and drivers.
White Gold Predictive Forecast Models
White Gold's time-series forecasting models is one of many White Gold'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 White Gold'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 White Gold Corp
Checking the ongoing alerts about White Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for White Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| White Gold Corp generated a negative expected return over the last 90 days | |
| White Gold Corp has some characteristics of a very speculative penny stock | |
| White Gold Corp has high historical volatility and very poor performance | |
| White Gold Corp has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (2.22 M) with loss before overhead, payroll, taxes, and interest of (87.08 K). | |
| White Gold Corp has accumulated about 14.86 M in cash with (1.73 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.13. | |
| Roughly 52.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: White Gold Corp Launches 4.5M Private Placement to Advance 2.3M-Ounce Gold Portfolio in Yukon - StockTitan |
Additional Tools for White Stock Analysis
When running White Gold's price analysis, check to measure White 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 White Gold is operating at the current time. Most of White Gold's value examination focuses on studying past and present price action to predict the probability of White 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 White Gold's price. Additionally, you may evaluate how the addition of White Gold to your portfolios can decrease your overall portfolio volatility.