Winnebago Industries Stock Market Value
| WGO Stock | USD 63.11 1.32 2.05% |
| Symbol | Winnebago |
Is Winnebago Industries' 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 Winnebago Industries. If investors know Winnebago 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 Winnebago Industries 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 (0.55) | Dividend Share 1.16 | Earnings Share 3.42 | Revenue Per Share 105.492 | Quarterly Revenue Growth (0.19) |
The market value of Winnebago Industries is measured differently than its book value, which is the value of Winnebago that is recorded on the company's balance sheet. Investors also form their own opinion of Winnebago Industries' value that differs from its market value or its book value, called intrinsic value, which is Winnebago Industries' 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 Winnebago Industries' market value can be influenced by many factors that don't directly affect Winnebago Industries' 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 Winnebago Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Winnebago Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Winnebago Industries' 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.
Winnebago Industries 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Winnebago Industries' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Winnebago Industries.
| 01/22/2023 |
| 04/16/2024 |
If you would invest 0.00 in Winnebago Industries on January 22, 2023 and sell it all today you would earn a total of 0.00 from holding Winnebago Industries or generate 0.0% return on investment in Winnebago Industries over 450 days. Winnebago Industries is related to or competes with Hycroft Mining, Exela Technologies, Thrivent High, Morningstar Unconstrained, T Rowe, and 70082LAB3. Winnebago Industries, Inc. manufactures and sells recreation vehicles and marine products primarily for use in leisure t... More
Winnebago Industries Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Winnebago Industries' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Winnebago Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.01 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 2.66 |
Winnebago Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Winnebago Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Winnebago Industries' standard deviation. In reality, there are many statistical measures that can use Winnebago Industries historical prices to predict the future Winnebago Industries' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Winnebago Industries' 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.
Winnebago Industries Backtested Returns
Winnebago Industries shows Sharpe Ratio of -0.0302, which attests that the company had a -0.0302% return per unit of risk over the last 3 months. Winnebago Industries exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Winnebago Industries' Mean Deviation of 1.48, standard deviation of 1.96, and Market Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The firm maintains a market beta of 1.42, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Winnebago Industries will likely underperform. Winnebago Industries has an expected return of -0.0604%. Please make sure to check out Winnebago Industries treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Winnebago Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Winnebago Industries has virtually no predictability. Overlapping area represents the amount of predictability between Winnebago Industries time series from 22nd of January 2023 to 4th of September 2023 and 4th of September 2023 to 16th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Winnebago Industries price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Winnebago Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 23.57 |
Winnebago Industries lagged returns against current returns
Autocorrelation, which is Winnebago Industries stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Winnebago Industries' stock expected returns. We can calculate the autocorrelation of Winnebago Industries returns to help us make a trade decision. For example, suppose you find that Winnebago Industries has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Winnebago Industries regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Winnebago Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Winnebago Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Winnebago Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Winnebago Industries Lagged Returns
When evaluating Winnebago Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Winnebago Industries stock have on its future price. Winnebago Industries autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Winnebago Industries autocorrelation shows the relationship between Winnebago Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Winnebago Industries.
Regressed Prices |
| Timeline |
Winnebago Industries Investors Sentiment
The influence of Winnebago Industries' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Winnebago. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Winnebago Industries' public news can be used to forecast risks associated with an investment in Winnebago. The trend in average sentiment can be used to explain how an investor holding Winnebago can time the market purely based on public headlines and social activities around Winnebago Industries. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Winnebago Industries' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Winnebago Industries' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Winnebago Industries' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Winnebago Industries.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Winnebago Industries in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Winnebago Industries' short interest history, or implied volatility extrapolated from Winnebago Industries options trading.
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Check out Winnebago Industries Correlation, Winnebago Industries Volatility and Winnebago Industries Alpha and Beta module to complement your research on Winnebago Industries. To learn how to invest in Winnebago Stock, please use our How to Invest in Winnebago Industries guide.Note that the Winnebago Industries information on this page should be used as a complementary analysis to other Winnebago Industries' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Winnebago Stock analysis
When running Winnebago Industries' price analysis, check to measure Winnebago Industries' 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 Winnebago Industries is operating at the current time. Most of Winnebago Industries' value examination focuses on studying past and present price action to predict the probability of Winnebago Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Winnebago Industries' price. Additionally, you may evaluate how the addition of Winnebago Industries to your portfolios can decrease your overall portfolio volatility.
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Winnebago Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.