Maximize Profit with WKHS (+23.05%): Unleash the Power of Market Neutral Strategy!
Choppy Market Trader, Popular Stocks: Market Neutral Strategy (TA&FA) 23.05% for WKHS
In the complex world of trading and investment, one strategy that stands out in the face of a choppy market is the Market Neutral Strategy (TA&FA). Remarkably, this strategy has reported a substantial yield of 23.05% for Workhorse Group Inc (WKHS), a popular stock among traders.
Market dynamics have observed an impressive 3-day surge for WKHS, clocking a considerable +23.67% gain. But the bullish trend doesn't stop there. Advanced analytics, stemming from a historical analysis of WKHS's trading patterns, suggest an even brighter future for the stock.
When delving into the past trading performance of WKHS, a noteworthy pattern emerges. In situations where WKHS enjoyed a positive three-day trading spree, the stock displayed a continued upward trajectory in 214 out of 255 instances. This results in an impressive 84% probability for further price advancement within the ensuing month.
Given this strong statistical backing, WKHS stands as a promising candidate for investors employing the Market Neutral Strategy (TA&FA). Traders would be wise to consider this analytical insight when scanning the stock market landscape for profitable trading opportunities.
This analytical finding serves to underline the potential inherent in a data-driven approach to stock market investment. By leveraging comprehensive technical and fundamental analysis, investors can uncover potentially profitable trends, even amidst the uncertainty of choppy markets.
With an 84% chance of continued growth, WKHS has proven to be a fruitful ground for traders deploying the Market Neutral Strategy. The numbers paint a compelling picture of the future trajectory of WKHS, underlining the effectiveness of this investment strategy. As always, careful analysis and prudent decision-making remain crucial in navigating the ever-evolving market landscape.
Momentum Indicator for WKHS turns negative, indicating new downward trend
WKHS saw its Momentum Indicator move below the 0 level on September 01, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 73 similar instances where the indicator turned negative. In of the 73 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where WKHS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for WKHS entered a downward trend on September 21, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 9 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 16 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where WKHS advanced for three days, in of 262 cases, the price rose further within the following month. The odds of a continued upward trend are .
WKHS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.827) is normal, around the industry mean (6.744). P/E Ratio (3.200) is within average values for comparable stocks, (20.494). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.659). WKHS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (6.623) is also within normal values, averaging (51.847).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. WKHS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. WKHS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufactures of high performance, medium duty trucks
Industry MotorVehicles
WKHS and
Correlation & Price change
A.I.dvisor indicates that over the last year, WKHS has been loosely correlated with RIVN. These tickers have moved in lockstep 51% of the time. This A.I.-generated data suggests there is some statistical probability that if WKHS jumps, then RIVN could also see price increases.
| Ticker / NAME | Correlation To WKHS | 1D Price Change % | ||
|---|---|---|---|---|
| WKHS | 100% | -0.84% | ||
| RIVN - WKHS | 51% Loosely correlated | +0.13% | ||
| GOEV - WKHS | 47% Loosely correlated | -1.08% | ||
| LCID - WKHS | 45% Loosely correlated | +1.28% | ||
| GM - WKHS | 44% Loosely correlated | +2.50% | ||
| NIO - WKHS | 44% Loosely correlated | +5.32% | ||
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