Encore Stock Price on January 15, 2021 Breakdown

WIRE Stock  USD 167.40  1.40  0.84%   
As of today, the current price of Encore Wire is  167.40 , as last reported on the 2nd of February, with the highest price reaching  169.20  and the lowest price hitting  166.00  during the day.
Encore Wire appears to be very steady, given 3 months investment horizon. Encore Wire secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the company had 0.16% of return per unit of standard deviation over the last 3 months. Our philosophy in predicting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Encore Wire, which you can use to evaluate the future volatility of the firm. Please utilize Encore Wire's Downside Deviation of 2.33, mean deviation of 1.69, and Semi Deviation of 2.07 to check if our risk estimates are consistent with your expectations.
  
The current year Net Income Common Stock is expected to grow to about 40.5 M. The current year Price to Book Value is expected to grow to 1.88, whereas Price to Earnings Ratio are forecasted to decline to 23.43. Encore Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Most Recent Activity

Shares Float
17.7 M
Net Income Applicable To Common Shares
541.4 M
Shares Outstanding
18.3 M
Shares Short Prior Month
2.4 M
Dividend Share
0.08

Encore Wire Valuation on January 15, 2021

It is possible to determine the worth of Encore Wire on a given historical date. On January 15, 2021 Encore was worth 61.99 at the beginning of the trading date compared to the closed value of 61.97. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Encore Wire stock. Still, in general, we apply an absolute valuation method to find Encore Wire's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Visa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Encore Wire's related companies.
 Open High Low Close Volume
01/19/2021
  61.99    62.26    61.37    61.97    60,440  
  62.15    62.63    61.58    62.27    70,084  
Backtest Encore Wire  |  Encore Wire History  |  Encore Wire Valuation Next  
Open Value 61.99
61.97
Closing Value
68.21
Upside

Encore Wire Trading Date Momentum on January 15, 2021

The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.

Encore Wire Fundamentals Correlations and Trends

By evaluating Encore Wire's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Encore Wire's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Encore financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Encore Wire Stock history

Encore Wire investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Encore is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Encore Wire will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Encore Wire historical stock prices may prove useful in developing a viable investing in Encore Wire
Last ReportedProjected for 2023
Weighted Average Shares23.5 M24.7 M
Weighted Average Shares Diluted23.7 M24.8 M
Issuance Purchase of Equity Shares1.6 M1.8 M

Encore Wire Stock Technical Analysis

Encore Wire 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.
A focus of Encore Wire technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Encore Wire trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Encore Wire Period Price Range

Low
January 19, 2021
High

 61.99 

  

 61.97 

-0.02-0.03%

Encore Wire February 2, 2023 Market Strength

Market strength indicators help investors to evaluate how Encore Wire stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Encore Wire shares will generate the highest return on investment. By undertsting and applying Encore Wire stock market strength indicators, traders can identify Encore Wire entry and exit signals to maximize returns

Encore Wire Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Encore stock's direction in advance. Along with the technical and fundamental analysis of Encore Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Encore to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen stock market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Check out Your Current Watchlist. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

Complementary Tools for analysis

When running Encore Wire 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 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
0.172
Market Capitalization
B
Quarterly Revenue Growth
0.064
Return On Assets
0.3452
Return On Equity
0.488
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 Encore Wire value 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.