Encore Wire Stock Price on November 29, 2023

WIRE Stock  USD 220.41  3.82  1.76%   
Below is the normalized historical share price chart for Encore Wire extending back to July 16, 1992. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Encore Wire stands at 220.41, as last reported on the 25th of February, with the highest price reaching 221.26 and the lowest price hitting 215.51 during the day.
IPO Date
16th of July 1992
200 Day MA
186.5557
50 Day MA
219.601
Beta
1.311
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Encore Stock, it is important to understand the factors that can impact its stock price. Encore Wire appears to be very steady, given 3 months investment horizon. Encore Wire secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had 0.11% 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-nine 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 1.92, semi deviation of 1.71, and Mean Deviation of 1.41 to check if our risk estimates are consistent with your expectations.
  
As of February 25, 2024, Net Income Common Stock is expected to decline to about 305.3 M. 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. Encore Stock stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1088

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Estimated Market Risk

 1.91
  actual daily
16
84% of assets are more volatile

Expected Return

 0.21
  actual daily
4
96% of assets have higher returns

Risk-Adjusted Return

 0.11
  actual daily
8
92% of assets perform better
Based on monthly moving average Encore Wire is performing at about 8% 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.
Price Book
1.9882
Enterprise Value Ebitda
6.0276
Price Sales
1.3532
Shares Float
15.1 M
Dividend Share
0.08

Related Headline

MGIC Investment Headline on 29th of November 2023

Filed transaction by Mgic Investment Corp director. Grant, award or other acquisition pursuant to Rule 16b-3(d)

Encore Wire Valuation on November 29, 2023

It is possible to determine the worth of Encore Wire on a given historical date. On November 29, 2023 Encore was worth 190.27 at the beginning of the trading date compared to the closed value of 184.32. 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
  195.96    195.96    185.98    187.31    437,950  
11/29/2023
  190.27    190.40    181.81    184.32    175,240  
  185.73    185.73    183.25    184.28    162,549  
Backtest Encore Wire  |  Encore Wire History  |  Encore Wire Valuation   PreviousNext  
Open Value
190.27
184.55
Downside
184.32
Closing Value
195.99
Upside

Encore Wire Trading Date Momentum on November 29, 2023

On November 30 2023 Encore Wire was traded for  184.28  at the closing time. The top price for the day was 185.73  and the lowest listed price was  183.25 . The trading volume for the day was 162.5 K. The trading history from November 30, 2023 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.02% . The overall trading delta against the current closing price is 4.48% .

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 ReportedProjected for 2024
Weighted Average Shares16.9 M17.4 M
Weighted Average Shares Diluted17.2 M17.6 M
Issuance Purchase of Equity Shares-459.2 M-471.3 M

Encore Wire Quarterly Net Working Capital

1.05 Billion

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
November 29, 2023
High

 190.27 

  

 184.32 

-5.95-3.13%

Encore Wire February 25, 2024 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.
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 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 metropolitan statistical area.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.
You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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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.