Encore Wire Stock Probability of Future Stock Price Finishing Over 241.57

WIRE Stock  USD 241.57  0.57  0.24%   
Encore Wire's implied volatility is one of the determining factors in the pricing options written on Encore Wire. Implied volatility approximates the future value of Encore Wire based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Encore Wire over a specific time period. For example, 2024-03-15 CALL at $240.0 is a CALL option contract on Encore Wire's common stock with a strick price of 240.0 expiring on 2024-03-15. The contract was last traded on 2024-03-01 at 13:43:49 for $7.02 and, as of today, has 12 days remaining before the expiration. The option is currently trading at a bid price of $6.6, and an ask price of $9.6. The implied volatility as of the 3rd of March is 32.88. View All Encore options

Closest to current price Encore long CALL Option Payoff at Expiration

Encore Wire's future price is the expected price of Encore Wire instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Encore Wire performance during a given time horizon utilizing its historical volatility. Check out Encore Wire Backtesting, Encore Wire Valuation, Encore Wire Correlation, Encore Wire Hype Analysis, Encore Wire Volatility, Encore Wire History as well as Encore Wire Performance.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.
  
The current year's Price to Earnings Ratio is expected to grow to 11.67, whereas Price to Book Value is forecasted to decline to 1.73. Please specify Encore Wire's target price for which you would like Encore Wire odds to be computed.

Encore Wire Target Price Odds to finish over 241.57

The tendency of Encore Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move above the current price in 90 days
 241.57 90 days 241.57 
nearly 4.57
Based on a normal probability distribution, the odds of Encore Wire to move above the current price in 90 days from now is nearly 4.57 (This Encore Wire probability density function shows the probability of Encore Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.38 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Encore Wire will likely underperform. Additionally The company has an alpha of 0.1126, implying that it can generate a 0.11 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Encore Wire Price Density   
       Price  

Predictive Modules for Encore Wire

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Encore Wire. Regardless of method or technology, however, to accurately forecast the stock or bond 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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Encore Wire in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
241.47243.32245.17
Details
Intrinsic
Valuation
LowRealHigh
222.57224.42265.73
Details
Naive
Forecast
LowNextHigh
242.56244.41246.26
Details
3 Analysts
Consensus
LowTargetHigh
217.19238.67264.92
Details
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 Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Encore Wire is not an exception. The market had few large corrections towards the Encore Wire's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Encore Wire, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Encore Wire within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
0.11
β
Beta against NYSE Composite1.38
σ
Overall volatility
15.31
Ir
Information ratio 0.09

Encore Wire Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Encore Wire for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Encore Wire can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Over 94.0% of the company outstanding shares are owned by institutional investors
On 19th of January 2024 Encore Wire paid $ 0.02 per share dividend to its current shareholders
Latest headline from time.com: Lawmakers Fault Defense Secretary Austin for Failure of Leadership Over Secret Hospital Stay

Encore Wire Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Encore Stock often depends not only on the future outlook of the current and potential Encore Wire'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. Encore Wire's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding17.2 M
Cash And Short Term Investments560.6 M

Encore Wire Technical Analysis

Encore Wire's future price can be derived by breaking down and analyzing its technical indicators over time. Encore Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Encore Wire. In general, you should focus on analyzing Encore Stock price patterns and their correlations with different microeconomic environments and drivers.

Encore Wire Predictive Forecast Models

Encore Wire's time-series forecasting models is one of many Encore Wire's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Encore Wire's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Encore Wire

Checking the ongoing alerts about Encore Wire for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Encore Wire help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Over 94.0% of the company outstanding shares are owned by institutional investors
On 19th of January 2024 Encore Wire paid $ 0.02 per share dividend to its current shareholders
Latest headline from time.com: Lawmakers Fault Defense Secretary Austin for Failure of Leadership Over Secret Hospital Stay
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:

Complementary Tools for Encore Stock analysis

When running Encore Wire's price analysis, check to measure Encore Wire's 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 Encore Wire is operating at the current time. Most of Encore Wire's value examination focuses on studying past and present price action to predict the probability of Encore Wire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Encore Wire's price. Additionally, you may evaluate how the addition of Encore Wire to your portfolios can decrease your overall portfolio volatility.
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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.