Woodside Petroleum Stock Probability of Future Pink Sheet Price Finishing Over 19.20
| WOPEF Stock | USD 14.44 0.59 4.26% |
Woodside |
Woodside Petroleum Target Price Odds to finish over 19.20
The tendency of Woodside Pink Sheet 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 $ 19.20 or more in 90 days |
| 14.44 | 90 days | 19.20 | near 1 |
Based on a normal probability distribution, the odds of Woodside Petroleum to move over $ 19.20 or more in 90 days from now is near 1 (This Woodside Petroleum probability density function shows the probability of Woodside Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Woodside Petroleum price to stay between its current price of $ 14.44 and $ 19.20 at the end of the 90-day period is about 91.54 .
Assuming the 90 days horizon the pink sheet has the beta coefficient of 1.59 . 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, Woodside Petroleum will likely underperform. Additionally Woodside Petroleum 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. Woodside Petroleum Price Density |
| Price |
Predictive Modules for Woodside Petroleum
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Woodside Petroleum. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Woodside Petroleum'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.
Woodside Petroleum Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Woodside Petroleum is not an exception. The market had few large corrections towards the Woodside Petroleum'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 Woodside Petroleum, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Woodside Petroleum within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.12 | |
β | Beta against Dow Jones | 1.59 | |
σ | Overall volatility | 1.03 | |
Ir | Information ratio | -0.02 |
Woodside Petroleum 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 Woodside Petroleum for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Woodside Petroleum can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Woodside Petroleum generated a negative expected return over the last 90 days | |
| Woodside Petroleum has high historical volatility and very poor performance |
Woodside Petroleum 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 Woodside Pink Sheet often depends not only on the future outlook of the current and potential Woodside Petroleum'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. Woodside Petroleum's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 969.6 M |
Woodside Petroleum Technical Analysis
Woodside Petroleum's future price can be derived by breaking down and analyzing its technical indicators over time. Woodside Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Woodside Petroleum. In general, you should focus on analyzing Woodside Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Woodside Petroleum Predictive Forecast Models
Woodside Petroleum's time-series forecasting models is one of many Woodside Petroleum's pink sheet 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 Woodside Petroleum'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 pink sheet market movement and maximize returns from investment trading.
Things to note about Woodside Petroleum
Checking the ongoing alerts about Woodside Petroleum for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Woodside Petroleum help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Woodside Petroleum generated a negative expected return over the last 90 days | |
| Woodside Petroleum has high historical volatility and very poor performance |
Other Information on Investing in Woodside Pink Sheet
Woodside Petroleum financial ratios help investors to determine whether Woodside Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Woodside with respect to the benefits of owning Woodside Petroleum security.