Wheaton Precious Stock Forecast - Day Median Price
| WPM Stock | USD 52.69 0.34 0.64% |
Wheaton Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Wheaton Precious stock prices and determine the direction of Wheaton Precious Metals's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Wheaton Precious' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Wheaton Precious' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Wheaton Precious' systematic risk associated with finding meaningful patterns of Wheaton Precious fundamentals over time.
Check out Historical Fundamental Analysis of Wheaton Precious to cross-verify your projections. Wheaton |
Open Interest Against 2024-05-10 Wheaton Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Wheaton Precious' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Wheaton Precious' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Wheaton Precious stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Wheaton Precious' open interest, investors have to compare it to Wheaton Precious' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Wheaton Precious is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Wheaton. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Wheaton Precious cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Wheaton Precious' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Wheaton Precious' price structures and extracts relationships that further increase the generated results' accuracy.
Median Price is the statistical median of an asset price for a given trading period.| Previous Day Median Price | Day Median Price | Trend |
| 52.86 | 52.86 |
| Check Wheaton Precious Volatility | Backtest Wheaton Precious | Information Ratio |
Wheaton Precious Trading Date Momentum
| On May 06 2024 Wheaton Precious Metals was traded for 52.69 at the closing time. Highest Wheaton Precious's price during the trading hours was 53.70 and the lowest price during the day was 52.02 . There was no trading activity during the period 0.0. Lack of trading volume on the 6th of May had no short-term effect on price fluctuation. The trading price change to current price is 1.61% . |
The median price is the midpoint of the trading periods range.
| Compare Wheaton Precious to competition |
Other Forecasting Options for Wheaton Precious
For every potential investor in Wheaton, whether a beginner or expert, Wheaton Precious' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Wheaton Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Wheaton. Basic forecasting techniques help filter out the noise by identifying Wheaton Precious' price trends.Wheaton Precious 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 Wheaton Precious stock to make a market-neutral strategy. Peer analysis of Wheaton Precious could also be used in its relative valuation, which is a method of valuing Wheaton Precious by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Wheaton Precious Metals Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Wheaton Precious' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Wheaton Precious' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Wheaton Precious Market Strength Events
Market strength indicators help investors to evaluate how Wheaton Precious stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wheaton Precious shares will generate the highest return on investment. By undertsting and applying Wheaton Precious stock market strength indicators, traders can identify Wheaton Precious Metals entry and exit signals to maximize returns.
Wheaton Precious Risk Indicators
The analysis of Wheaton Precious' 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 Wheaton Precious' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting wheaton 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 | 1.53 | |||
| Semi Deviation | 1.93 | |||
| Standard Deviation | 2.06 | |||
| Variance | 4.24 | |||
| Downside Variance | 5.09 | |||
| Semi Variance | 3.72 | |||
| Expected Short fall | (1.55) |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Wheaton Precious Metals is a strong investment it is important to analyze Wheaton Precious' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Wheaton Precious' future performance. For an informed investment choice regarding Wheaton Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Wheaton Precious to cross-verify your projections. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Wheaton Stock analysis
When running Wheaton Precious' price analysis, check to measure Wheaton Precious' 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 Wheaton Precious is operating at the current time. Most of Wheaton Precious' value examination focuses on studying past and present price action to predict the probability of Wheaton Precious' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wheaton Precious' price. Additionally, you may evaluate how the addition of Wheaton Precious to your portfolios can decrease your overall portfolio volatility.
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Is Wheaton Precious' industry 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 Wheaton Precious. If investors know Wheaton 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 Wheaton Precious listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.013 | Dividend Share 0.6 | Earnings Share 1.19 | Revenue Per Share 2.244 | Quarterly Revenue Growth 0.328 |
The market value of Wheaton Precious Metals is measured differently than its book value, which is the value of Wheaton that is recorded on the company's balance sheet. Investors also form their own opinion of Wheaton Precious' value that differs from its market value or its book value, called intrinsic value, which is Wheaton Precious' 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 Wheaton Precious' market value can be influenced by many factors that don't directly affect Wheaton Precious' 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 Wheaton Precious' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wheaton Precious is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wheaton Precious' 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.