Wesdome Gold Stock Forward View
| WDO Stock | CAD 23.95 0.64 2.75% |
Wesdome Stock outlook is based on your current time horizon. Although Wesdome Gold's naive historical forecasting may sometimes provide an important future outlook for the firm, we suggest always cross-verifying it against solid analysis of Wesdome Gold's systematic risk associated with finding meaningful patterns of Wesdome Gold fundamentals over time.
As of today, The relative strength momentum indicator of Wesdome Gold's share price is at 51. This entails that the stock is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Wesdome Gold, making its price go up or down. Momentum 51
Impartial
Oversold | Overbought |
Quarterly Earnings Growth 1.192 | EPS Estimate Next Quarter 0.8177 | EPS Estimate Current Year 2.2238 | EPS Estimate Next Year 3.7575 | Wall Street Target Price 29.5625 |
Using Wesdome Gold hype-based prediction, you can estimate the value of Wesdome Gold Mines from the perspective of Wesdome Gold response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Wesdome Gold Mines on the next trading day is expected to be 26.17 with a mean absolute deviation of 0.69 and the sum of the absolute errors of 42.71. Wesdome Gold after-hype prediction price | CAD 23.8 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Wesdome |
Wesdome Gold Additional Predictive Modules
Most predictive techniques to examine Wesdome price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Wesdome using various technical indicators. When you analyze Wesdome charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Wesdome Gold Naive Prediction Price Forecast For the 20th of February
Given 90 days horizon, the Naive Prediction forecasted value of Wesdome Gold Mines on the next trading day is expected to be 26.17 with a mean absolute deviation of 0.69, mean absolute percentage error of 0.78, and the sum of the absolute errors of 42.71.Please note that although there have been many attempts to predict Wesdome Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Wesdome Gold's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Wesdome Gold Stock Forecast Pattern
| Backtest Wesdome Gold | Wesdome Gold Price Prediction | Research Analysis |
Wesdome Gold Forecasted Value
In the context of forecasting Wesdome Gold's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Wesdome Gold's downside and upside margins for the forecasting period are 22.94 and 29.39, respectively. We have considered Wesdome Gold's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Wesdome Gold stock data series using in forecasting. Note that when a statistical model is used to represent Wesdome Gold stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 119.6939 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.6888 |
| MAPE | Mean absolute percentage error | 0.0297 |
| SAE | Sum of the absolute errors | 42.7083 |
Predictive Modules for Wesdome 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 Wesdome Gold Mines. 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.Wesdome Gold After-Hype Price Density Analysis
As far as predicting the price of Wesdome Gold at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Wesdome Gold or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Wesdome Gold, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Wesdome Gold Estimiated After-Hype Price Volatility
In the context of predicting Wesdome Gold's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Wesdome Gold's historical news coverage. Wesdome Gold's after-hype downside and upside margins for the prediction period are 20.57 and 27.03, respectively. We have considered Wesdome Gold's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Wesdome Gold is not too volatile at this time. Analysis and calculation of next after-hype price of Wesdome Gold Mines is based on 3 months time horizon.
Wesdome Gold Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Wesdome Gold is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Wesdome Gold backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Wesdome Gold, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.38 | 3.23 | 0.15 | 0.06 | 7 Events / Month | 0 Events / Month | In about 7 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
23.95 | 23.80 | 0.63 |
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Wesdome Gold Hype Timeline
Wesdome Gold Mines is at this time traded for 23.95on Toronto Exchange of Canada. The entity has historical hype elasticity of -0.15, and average elasticity to hype of competition of -0.06. Wesdome is estimated to decline in value after the next headline, with the price expected to drop to 23.8. The average volatility of media hype impact on the company price is over 100%. The price drop on the next news is expected to be -0.63%, whereas the daily expected return is at this time at 0.38%. The volatility of related hype on Wesdome Gold is about 2153.33%, with the expected price after the next announcement by competition of 23.89. About 41.0% of the company outstanding shares are owned by institutional investors. The book value of Wesdome Gold was at this time reported as 5.5. The company last dividend was issued on the 13th of April 2011. Wesdome Gold Mines had 1:1.538 split on the 6th of February 2006. Assuming the 90 days trading horizon the next estimated press release will be in about 7 days. Check out Historical Fundamental Analysis of Wesdome Gold to cross-verify your projections.Wesdome Gold Related Hype Analysis
Having access to credible news sources related to Wesdome Gold's direct competition is more important than ever and may enhance your ability to predict Wesdome Gold's future price movements. Getting to know how Wesdome Gold's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Wesdome Gold may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| AG | First Majestic Silver | (0.60) | 9 per month | 4.34 | 0.19 | 8.63 | (6.66) | 27.79 | |
| IE | Ivanhoe Energy | 0.15 | 4 per month | 4.92 | 0.07 | 8.04 | (8.02) | 26.80 | |
| URZ | Urz Energy Corp | 0.00 | 2 per month | 4.17 | 0.06 | 9.38 | (8.33) | 25.63 |
Other Forecasting Options for Wesdome Gold
For every potential investor in Wesdome, whether a beginner or expert, Wesdome Gold's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Wesdome Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Wesdome. Basic forecasting techniques help filter out the noise by identifying Wesdome Gold's price trends.Wesdome Gold Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Wesdome Gold stock to make a market-neutral strategy. Peer analysis of Wesdome Gold could also be used in its relative valuation, which is a method of valuing Wesdome Gold by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Wesdome Gold Market Strength Events
Market strength indicators help investors to evaluate how Wesdome Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wesdome Gold shares will generate the highest return on investment. By undertsting and applying Wesdome Gold stock market strength indicators, traders can identify Wesdome Gold Mines entry and exit signals to maximize returns.
Wesdome Gold Risk Indicators
The analysis of Wesdome Gold's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Wesdome Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting wesdome stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.41 | |||
| Semi Deviation | 3.16 | |||
| Standard Deviation | 3.17 | |||
| Variance | 10.06 | |||
| Downside Variance | 10.87 | |||
| Semi Variance | 9.97 | |||
| Expected Short fall | (2.55) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Wesdome Gold
The number of cover stories for Wesdome Gold depends on current market conditions and Wesdome Gold's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Wesdome Gold is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Wesdome Gold's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Wesdome Gold Short Properties
Wesdome Gold's future price predictability will typically decrease when Wesdome Gold's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Wesdome Gold Mines often depends not only on the future outlook of the potential Wesdome 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. Wesdome Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 150.9 M | |
| Cash And Short Term Investments | 123.1 M |
Other Information on Investing in Wesdome Stock
Wesdome Gold financial ratios help investors to determine whether Wesdome Stock 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 Wesdome with respect to the benefits of owning Wesdome Gold security.