Encore Wire Stock Probability of Future Stock Price Finishing Under 188.55
WIRE Stock | USD 262.78 9.59 3.79% |
Closest to current price Encore long CALL Option Payoff at Expiration
Encore |
Encore Wire Target Price Odds to finish below 188.55
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 Price | Horizon | Target Price | Odds to drop to $ 188.55 or more in 90 days |
262.78 | 90 days | 188.55 | near 1 |
Based on a normal probability distribution, the odds of Encore Wire to drop to $ 188.55 or more in 90 days from now is near 1 (This Encore Wire probability density function shows the probability of Encore Stock to fall within a particular range of prices over 90 days) . Probability of Encore Wire price to stay between $ 188.55 and its current price of $262.78 at the end of the 90-day period is close to 99 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.69 . 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 Encore Wire has an alpha of 0.1123, 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 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, 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.
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 Composite | 1.69 | |
σ | Overall volatility | 11.99 | |
Ir | Information ratio | 0.1 |
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 93.0% of the company outstanding shares are owned by institutional investors | |
Latest headline from time.com: Tuberculosis Is the Highest Its Been in a Decade |
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 Outstanding | 17.2 M | |
Cash And Short Term Investments | 560.6 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 93.0% of the company outstanding shares are owned by institutional investors | |
Latest headline from time.com: Tuberculosis Is the Highest Its Been in a Decade |
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.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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.