| 2015 | 2016 | 2017 | 2018 | 2019 (projected) | Receivables | 186,065,000 | 184,876,000 | 228,885,000 | 235,353,000 | 210,210,866 | Inventories | 95,254,000 | 93,274,000 | 92,365,000 | 102,367,000 | 86,698,047 |
Encore Wire dips -0.2 percent despite market ascent
 | By Rifka Kats | Macroaxis Story |
In this story I am going to address all ongoing Encore Wire shareholders. I will look into why despite ongoing dip, the longer-term fundamental drivers of the firm are still sound. Encore Wire is at this time traded for56.01. The entity has historical hype elasticity of -0.29. The average price elasticity to hype of competition is about 0.05. The firm is projected to decline in value after the next headline with price expected to drop to 55.72. The average volatility of media hype impact on the company stock price is about 74.79%. The price decrease on the next news is expected to be -0.52% where as daily expected return is at this time at 0.12%. The volatility of related hype on Encore Wire is about 440.39% with expected price after next announcement by competition of 56.06. Given the investment horizon of 30 days, the next projected press release will be in about 8 days. This firm dividends can provide a clue to current valuation of the stock. Encore Wire one year expected dividend income is about $0.04 per share.
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Reviewed by Vlad Skutelnik
Encore Wire has performance score of 4 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.7194 which denotes to the fact that as returns on market increase, Encore Wire returns are expected to increase less than the market. However during bear market, the loss on holding Encore Wire will be expected to be smaller as well. Although it is extremely important to respect Encore Wire historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy in predicting future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By reviewing Encore Wire technical indicators you can presently evaluate if the expected return of 0.1173% will be sustainable into the future. Encore Wire right now shows a risk of 1.811%. Please confirm Encore Wire Information Ratio as well as the relationship between Potential Upside and Kurtosis to decide if Encore Wire will be following its price patterns. The successful prediction of Encore Wire stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Encore Wire, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Encore Wire based on Encore Wire hews, social hype, general headline patterns, and widely used predictive technical indicators. We also calculate exposure to Encore Wire's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Encore Wire's related companies.
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...
Use Technical Analysis to project Encore expected Price
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.
Encore Wire Gross Profit
Encore Wire Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Encore Wire previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Encore Wire Gross Profit growth over the last 10 years. Please check Encore Wire's gross profit and other fundamental indicators for more details.
A Deeper Perspective
The company currently falls under 'Mid-Cap' category with current market capitalization of 1.17 B. The modest gains experienced by current holders of Encore Wire may raise some interest from investors as it closed today at a share price of 55.77 on 0 in trading volume. The company management have been quite successful with maneuvering the stock at opportune times to take advantage of all market conditions in October. The stock standard deviation of daily returns for 30 days (very short) investing horizon is currently 1.811. The below-average Stock volatility is a good sign for a longer term investment options and for buy-and-hold investors. Encore Wire maintains shares owned by institutions of 90.40 . Encore Wire is trading at 56.01 which is 0.2% down. Opened at 56.01. Encore Wire Net Cash Flow Investment Acquisitions and Disposals is rather stable at the moment. Encore Wire Weighted Average Shares is rather stable at the moment. Furthermore, Encore Wire Cash and Equivalents is increasing over the last 5 years.
All things considered, our up-to-date buy/sell advice on the firm is Strong Hold. We believe Encore Wire is undervalued with below average probability of distress for the next two years.
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