Encore Stock Price on May 4, 2023
| WIRE Stock | USD 174.23 0.17 0.1% |
If you're considering investing in Encore Stock, it is important to understand the factors that can impact its stock price. As of today, the current price of Encore Wire is 174.23, as last reported on the 25th of September, with the highest price reaching 178.01 and the lowest price hitting 174.17 during the day. Encore Wire secures Sharpe Ratio (or Efficiency) of -0.0253, which denotes the company had -0.0253% of return per unit of standard deviation over the last 3 months. Our philosophy in predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Encore Wire exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please confirm Encore Wire Downside Deviation of 1.88, semi deviation of 1.85, and Mean Deviation of 1.53 to check the risk estimate we provide.
The current year's Net Income Common Stock is expected to grow to about 774.5 M. The current year's Price to Book Value is expected to grow to 1.42. The current year's Price to Earnings Ratio is expected to grow to 3.77. Encore Stock stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Encore |
Sharpe Ratio = -0.0253
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | WIRE |
Estimated Market Risk
| 1.83 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Encore Wire is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Encore Wire by adding it to a well-diversified portfolio.
Encore Wire Stock Most Recent Updates
Price Book 1.5588 | Enterprise Value Ebitda 2.2072 | Price Sales 0.847 | Shares Float 16.2 M | Dividend Share 0.08 |
Encore Wire Main Headline on 4th of May 2023
Financial Statements by SEC Financial Statements and Exhibits. Submission of Matters to a Vote of Security Holders |
Encore Wire Valuation on May 4, 2023
It is possible to determine the worth of Encore Wire on a given historical date. On May 4, 2023 Encore was worth 163.24 at the beginning of the trading date compared to the closed value of 161.7. 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 Encore Wire 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 | |
| 164.27 | 168.00 | 164.27 | 164.62 | 260,607 | |
05/04/2023 | 163.24 | 164.20 | 158.21 | 161.70 | 498,079 |
| 165.00 | 167.35 | 164.00 | 166.61 | 179,076 |
| Backtest Encore Wire | | | Encore Wire History | | | Encore Wire Valuation | Previous | Next |
Encore Wire Trading Date Momentum on May 4, 2023
| On May 05 2023 Encore Wire was traded for 166.61 at the closing time. The top price for the day was 167.35 and the lowest listed price was 164.00 . The trading volume for the day was 179.1 K. The trading history from May 5, 2023 was a factor to the next trading day price growth. The trading price change against the next closing price was 3.04% . The overall trading delta against the current closing price is 1.29% . |
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 stock prices may prove useful in developing a viable investing in Encore Wire
| Last Reported | Projected for 2023 | ||
| Weighted Average Shares | 19.2 M | 18.8 M | |
| Weighted Average Shares Diluted | 19.4 M | 19 M | |
| Issuance Purchase of Equity Shares | -247.4 M | -253.9 M |
Encore Wire Quarterly Market Capitalization |
|
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.
Price Boundaries
Encore Wire Period Price Range
Low | May 4, 2023 | High |
163.24 | 161.70 |
| -1.54 | -0.94% |
Encore Wire September 25, 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
| Accumulation Distribution | 18169.87 | |||
| Daily Balance Of Power | (0.26) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 161.2 | |||
| Day Typical Price | 161.37 | |||
| Price Action Indicator | (0.28) | |||
| Period Momentum Indicator | 12.53 |
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.
| Risk Adjusted Performance | 0.0074 | |||
| Jensen Alpha | 0.0179 | |||
| Total Risk Alpha | 0.046 | |||
| Sortino Ratio | 0.0044 | |||
| Treynor Ratio | (0.005337) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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.
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance |
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 (0.44) | Dividend Share 0.08 | Earnings Share 30.82 | Revenue Per Share 152.102 | Quarterly Revenue Growth (0.24) |
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.