Workhorse Stock Story

WKHS -  USA Stock  

USD 10.71  0.49  4.38%

It seems Workhorse Grp will continue to recover much faster as its share price surged up 28.21% today. Workhorse Grp current daily volatility is 7.05 percent, with a beta of 0.19 and an alpha of -0.46 over DOW. As many baby boomers are still indifferent towards workhorse grp, it makes sense to sum up Workhorse Grp. What exactly are Workhorse Grp shareholders getting in July?
Published over a month ago
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Should you buy Workhorse after the latest volatility fall?
Workhorse Grp currently holds roughly 46.82 M in cash with (70.28 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.38.
Workhorse Grp has performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of 0.1936, which attests to not very significant fluctuations relative to the market. Let's try to break down what Workhorse's beta means in this case. As returns on the market increase, Workhorse Grp returns are expected to increase less than the market. However, during the bear market, the loss on holding Workhorse Grp will be expected to be smaller as well. Although it is extremely important to respect Workhorse Grp historical price patterns, it is better to be realistic regarding the information on equity current price history. The philosophy towards determining 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 examining Workhorse Grp technical indicators, you can presently evaluate if the expected return of 0.15% will be sustainable into the future. Workhorse Grp right now maintains a risk of 7.05%. Please check out Workhorse Grp downside variance, as well as the relationship between the accumulation distribution and price action indicator to decide if Workhorse Grp will be following its historical returns.
Investing in Workhorse Grp, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding Workhorse Grp along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Workhorse Grp'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. Please use the tools below to analyze the current value of Workhorse Grp in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Workhorse Grp. Your research has to be compared to or analyzed against Workhorse Grp's peers to derive any actionable benefits. When done correctly, Workhorse Grp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Workhorse Grp.

How important is Workhorse Grp's Liquidity

Workhorse Grp financial leverage refers to using borrowed capital as a funding source to finance Workhorse Grp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Workhorse Grp financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Workhorse Grp's total debt and its cash.

How Workhorse utilizes its cash?

To perform a cash flow analysis of Workhorse Grp, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Workhorse Grp is receiving and how much cash it distributes out in a given period. The Workhorse Grp cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Workhorse Grp Net Cash Flow from Operations is relatively stable at the moment as compared to the past year. Workhorse Grp reported last year Net Cash Flow from Operations of (70.28 Million)

Workhorse Grp Correlation with Peers

Investors in Workhorse can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Workhorse Grp. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Workhorse Grp and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Workhorse is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage.
Please check volatility of Workhorse for more details

What is the case for Workhorse Grp Investors

We consider Workhorse Grp slightly risky. Workhorse Grp shows Sharpe Ratio of 0.022, which attests that the company had 0.022% of return per unit of risk over the last 3 months. Our standpoint towards determining 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-seven technical indicators for Workhorse Grp, which you can use to evaluate the future volatility of the company. Please check out Workhorse Grp market risk adjusted performance of (2.26), and Mean Deviation of 4.78 to validate if the risk estimate we provide is consistent with the expected return of 0.15%.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Our take on today Workhorse Grp spike

Latest total risk alpha indicator falls down to -1.67. Possible price gain? Workhorse Grp is displaying above-average volatility over the selected time horizon. Investors should scrutinize Workhorse Grp independently to ensure intended market timing strategies are aligned with expectations about Workhorse Grp volatility. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Workhorse Grp's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Workhorse Grp's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Final Take On Workhorse Grp

While some companies within the auto manufacturers industry are still a little expensive, even after the recent corrections, Workhorse Grp may offer a potential longer-term growth to retail investors. While some retail investors may not share our view, we believe that right now is not a good time to increase your holdings in Workhorse. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Workhorse Grp.

Editorial Staff

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Workhorse Grp. Please refer to our Terms of Use for any information regarding our disclosure principles.

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