Weride American Depositary Stock Probability of Future Stock Price Finishing Over 30.87
| WRD Stock | 17.16 0.34 1.94% |
WeRide |
WeRide American Target Price Odds to finish over 30.87
The tendency of WeRide 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 30.87 or more in 90 days |
| 17.16 | 90 days | 30.87 | near 1 |
Based on a normal probability distribution, the odds of WeRide American to move over 30.87 or more in 90 days from now is near 1 (This WeRide American Depositary probability density function shows the probability of WeRide Stock to fall within a particular range of prices over 90 days) . Probability of WeRide American Depo price to stay between its current price of 17.16 and 30.87 at the end of the 90-day period is about 47.89 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.48 . 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, WeRide American will likely underperform. Additionally WeRide American Depositary has an alpha of 0.6416, implying that it can generate a 0.64 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). WeRide American Price Density |
| Price |
Predictive Modules for WeRide American
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as WeRide American Depo. 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.WeRide American Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. WeRide American is not an exception. The market had few large corrections towards the WeRide American'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 WeRide American Depositary, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of WeRide American within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.64 | |
β | Beta against Dow Jones | 1.48 | |
σ | Overall volatility | 1.89 | |
Ir | Information ratio | 0.06 |
WeRide American 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 WeRide American for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for WeRide American Depo can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| WeRide American Depo is way too risky over 90 days horizon | |
| WeRide American Depo appears to be risky and price may revert if volatility continues | |
| WeRide American Depo has high likelihood to experience some financial distress in the next 2 years | |
| WeRide American Depo has accumulated 53.41 Million in debt which can lead to volatile earnings | |
| WeRide American Depositary has 53.41 M in debt with debt to equity (D/E) ratio of 73.5, demonstrating that the company may be unable to create cash to meet all of its financial commitments. WeRide American Depo has a current ratio of 0.31, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for WeRide to invest in growth at high rates of return. | |
| The entity reported the last year's revenue of 401.84 M. Reported Net Loss for the year was (1.95 B) with profit before taxes, overhead, and interest of 0. | |
| WeRide American Depositary has about 1.75 M in cash with (474.89 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of -12.7574. | |
| Latest headline from finance.yahoo.com: WeRide initiated with an Overweight at Morgan Stanley |
WeRide American 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 WeRide Stock often depends not only on the future outlook of the current and potential WeRide American'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. WeRide American's indicators that are reflective of the short sentiment are summarized in the table below.
| Cash And Short Term Investments | 4.5 B |
WeRide American Technical Analysis
WeRide American's future price can be derived by breaking down and analyzing its technical indicators over time. WeRide Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of WeRide American Depositary. In general, you should focus on analyzing WeRide Stock price patterns and their correlations with different microeconomic environments and drivers.
WeRide American Predictive Forecast Models
WeRide American's time-series forecasting models is one of many WeRide American'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 WeRide American'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 WeRide American Depo
Checking the ongoing alerts about WeRide American for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for WeRide American Depo help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| WeRide American Depo is way too risky over 90 days horizon | |
| WeRide American Depo appears to be risky and price may revert if volatility continues | |
| WeRide American Depo has high likelihood to experience some financial distress in the next 2 years | |
| WeRide American Depo has accumulated 53.41 Million in debt which can lead to volatile earnings | |
| WeRide American Depositary has 53.41 M in debt with debt to equity (D/E) ratio of 73.5, demonstrating that the company may be unable to create cash to meet all of its financial commitments. WeRide American Depo has a current ratio of 0.31, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for WeRide to invest in growth at high rates of return. | |
| The entity reported the last year's revenue of 401.84 M. Reported Net Loss for the year was (1.95 B) with profit before taxes, overhead, and interest of 0. | |
| WeRide American Depositary has about 1.75 M in cash with (474.89 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of -12.7574. | |
| Latest headline from finance.yahoo.com: WeRide initiated with an Overweight at Morgan Stanley |
Check out WeRide American Backtesting, WeRide American Valuation, WeRide American Correlation, WeRide American Hype Analysis, WeRide American Volatility, WeRide American History as well as WeRide American Performance. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Computers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of WeRide American. If investors know WeRide will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about WeRide American listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of WeRide American Depo is measured differently than its book value, which is the value of WeRide that is recorded on the company's balance sheet. Investors also form their own opinion of WeRide American's value that differs from its market value or its book value, called intrinsic value, which is WeRide American's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because WeRide American's market value can be influenced by many factors that don't directly affect WeRide American's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between WeRide American's value and its price as these two are different measures arrived at by different means. Investors typically determine if WeRide American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WeRide American's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.