Wellnex Life (Australia) Probability of Future Stock Price Finishing Under 0.01
| WNX Stock | 0.63 0.01 1.61% |
Wellnex |
Wellnex Life Target Price Odds to finish below 0.01
The tendency of Wellnex 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 0.01 or more in 90 days |
| 0.63 | 90 days | 0.01 | near 1 |
Based on a normal probability distribution, the odds of Wellnex Life to drop to 0.01 or more in 90 days from now is near 1 (This Wellnex Life probability density function shows the probability of Wellnex Stock to fall within a particular range of prices over 90 days) . Probability of Wellnex Life price to stay between 0.01 and its current price of 0.63 at the end of the 90-day period is about 12.64 .
Assuming the 90 days trading horizon Wellnex Life has a beta of -1.8. This entails as returns on its benchmark rise, returns on holding Wellnex Life are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Wellnex Life is expected to outperform its benchmark. Additionally Wellnex Life 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. Wellnex Life Price Density |
| Price |
Predictive Modules for Wellnex Life
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wellnex Life. 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.Wellnex Life Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Wellnex Life is not an exception. The market had few large corrections towards the Wellnex Life'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 Wellnex Life, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Wellnex Life within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.21 | |
β | Beta against Dow Jones | -1.8 | |
σ | Overall volatility | 0.14 | |
Ir | Information ratio | -0.06 |
Wellnex Life 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 Wellnex Life for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Wellnex Life can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Wellnex Life generated a negative expected return over the last 90 days | |
| Wellnex Life has high historical volatility and very poor performance | |
| Wellnex Life has some characteristics of a very speculative penny stock | |
| Wellnex Life has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 16.93 M. Net Loss for the year was (13.74 M) with profit before overhead, payroll, taxes, and interest of 4.74 M. | |
| Wellnex Life has accumulated about 322 K in cash with (6.82 M) of positive cash flow from operations. | |
| Roughly 30.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Wellnex Life Limited Reports Robust Sales Growth - TipRanks |
Wellnex Life 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 Wellnex Stock often depends not only on the future outlook of the current and potential Wellnex Life'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. Wellnex Life's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 23.9 M | |
| Cash And Short Term Investments | 903 K |
Wellnex Life Technical Analysis
Wellnex Life's future price can be derived by breaking down and analyzing its technical indicators over time. Wellnex Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Wellnex Life. In general, you should focus on analyzing Wellnex Stock price patterns and their correlations with different microeconomic environments and drivers.
Wellnex Life Predictive Forecast Models
Wellnex Life's time-series forecasting models is one of many Wellnex Life'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 Wellnex Life'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 Wellnex Life
Checking the ongoing alerts about Wellnex Life for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Wellnex Life help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Wellnex Life generated a negative expected return over the last 90 days | |
| Wellnex Life has high historical volatility and very poor performance | |
| Wellnex Life has some characteristics of a very speculative penny stock | |
| Wellnex Life has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 16.93 M. Net Loss for the year was (13.74 M) with profit before overhead, payroll, taxes, and interest of 4.74 M. | |
| Wellnex Life has accumulated about 322 K in cash with (6.82 M) of positive cash flow from operations. | |
| Roughly 30.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Wellnex Life Limited Reports Robust Sales Growth - TipRanks |
Additional Tools for Wellnex Stock Analysis
When running Wellnex Life's price analysis, check to measure Wellnex Life'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 Wellnex Life is operating at the current time. Most of Wellnex Life's value examination focuses on studying past and present price action to predict the probability of Wellnex Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wellnex Life's price. Additionally, you may evaluate how the addition of Wellnex Life to your portfolios can decrease your overall portfolio volatility.