Encore Competitors

WIRE Stock  USD 284.40  2.60  0.91%   
Encore Wire competes with Advanced Energy, Acuity Brands, Enersys, NVent Electric, and Kimball Electronics; as well as few others. The company conducts business under Electrical Equipment sector and is part of Industrials industry. Analyzing Encore Wire competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Encore Wire to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Encore Wire Correlation with its peers.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Encore Wire competition on your existing holdings.
  
At present, Encore Wire's Return On Assets are projected to increase slightly based on the last few years of reporting. At present, Encore Wire's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Total Current Assets is expected to grow to about 1.3 B, whereas Other Current Assets are forecasted to decline to about 5 M.
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Encore Wire's 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.
Hype
Prediction
LowEstimatedHigh
281.84284.40286.96
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Intrinsic
Valuation
LowRealHigh
236.98239.54312.84
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Naive
Forecast
LowNextHigh
283.47286.03288.59
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3 Analysts
Consensus
LowTargetHigh
217.19238.67264.92
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Encore Wire. Your research has to be compared to or analyzed against Encore Wire's peers to derive any actionable benefits. When done correctly, Encore Wire's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Encore Wire.

Encore Wire Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Encore Wire and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Encore and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Encore Wire does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
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High negative correlations   
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Risk-Adjusted Indicators

There is a big difference between Encore Stock performing well and Encore Wire Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Encore Wire's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Cross Equities Net Income Analysis

Compare Encore Wire and related stocks such as Advanced Energy Indu, Acuity Brands, and Enersys Net Income Over Time
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Return On Equity
201020112012201320142015201620172018201920202021202220232024
AEIS13.3 M36.3 M20.6 M32.1 M47 M(158.5 M)127.5 M137.9 M147 M64.9 M134.7 M134.7 M199.7 M128.3 M134.7 M
AYI83.7 M116.3 M127.4 M175.8 M222.1 M290.8 M321.7 M349.6 M330.4 M248.3 M306.3 M384 M346 M397.9 M417.8 M
ENS(42 M)144 M166.5 M150.3 M181.2 M136.2 M160.2 M119.6 M160.2 M137.1 M143.4 M143.9 M175.8 M202.2 M111.6 M
NVT210.1 M210.1 M210.1 M210.1 M210.1 M210.1 M259.1 M361.7 M230.8 M222.7 M(47.2 M)272.9 M399.8 M567.1 M302.7 M
KE4.4 M23.9 M21.5 M24.6 M26.2 M22.3 M34.2 M16.8 M31.6 M18.2 M56.8 M31.3 M55.8 M64.2 M67.4 M
HUBB47.7 M267.9 M299.7 M326.5 M325.3 M277.3 M293 M243.1 M360.2 M400.9 M351.2 M399.5 M545.9 M759.8 M797.8 M
VRT(303.4 K)(303.4 K)(303.4 K)(303.4 K)(303.4 K)(303.4 K)(303.4 K)(1.3 K)M(140.8 M)(183.6 M)119.6 M76.6 M460.2 M483.2 M
ENR187 M187 M114.9 M157.3 M(4 M)127.7 M201.5 M93.5 M51.1 M46.8 M160.9 M(231.5 M)140.5 M126.5 M69.7 M

Encore Wire and related stocks such as Advanced Energy Indu, Acuity Brands, and Enersys Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Encore Wire financial statement analysis. It represents the amount of money remaining after all of Encore Wire operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Encore Wire Competitive Analysis

The better you understand Encore Wire competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Encore Wire's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Encore Wire's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
WIRE AEIS AYI ENS NVT KE HUBB VRT ENR
 0.91 
 284.40 
Encore
 1.22 
 89.70 
Advanced
 0.08 
 247.06 
Acuity
 0.33 
 90.50 
Enersys
 0.13 
 71.63 
NVent
 0.72 
 20.78 
Kimball
 1.08 
 388.03 
Hubbell
 7.41 
 75.01 
Vertiv
 1.57 
 28.41 
Energizer
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(90 Days Market Risk)
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Encore Wire Competition Performance Charts

Five steps to successful analysis of Encore Wire Competition

Encore Wire's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Encore Wire in relation to its competition. Encore Wire's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Encore Wire in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Encore Wire's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Encore Wire, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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When determining whether Encore Wire is a strong investment it is important to analyze Encore Wire's 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 Encore Wire's future performance. For an informed investment choice regarding Encore Stock, refer to the following important reports:
Check out Encore Wire Correlation with its peers.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.
You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

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Is Encore Wire's 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 Encore Wire. If investors know Encore 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 Encore Wire 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
(0.50)
Dividend Share
0.08
Earnings Share
21.62
Revenue Per Share
152.179
Quarterly Revenue Growth
(0.09)
The market value of Encore Wire is measured differently than its book value, which is the value of Encore that is recorded on the company's balance sheet. Investors also form their own opinion of Encore Wire's value that differs from its market value or its book value, called intrinsic value, which is Encore Wire'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 Encore Wire's market value can be influenced by many factors that don't directly affect Encore Wire'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 Encore Wire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Encore Wire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Encore Wire'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.