Worthington Story

<div class='circular--portrait' style='background:#FF6600;color: #f7f7f7;font-size:4em;'>WI</div>
WOR -- USA Stock  

USD 49.54  1.24  2.44%

It seems Worthington Industries will continue to recover much faster as its share price surged up 2.28% today. The company's current daily volatility is 2.73 percent, with a beta of 1.3 and an alpha of 0.02 over DOW. While some baby boomers are getting worried about fabricated metal and composite products, it is reasonable to sum up Worthington Industries. We will look into some reasons why it is still possible for Worthington Industries to maintain above-average margins while minimizing volatility.
Published over a month ago
View all stories for Worthington Industries | View All Stories
Should we continue shadow Worthington Industries (NYSE:WOR) executives?
Worthington Industries has roughly 147.2 M in cash with 336.73 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.67. The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Worthington Industries has an asset utilization ratio of 148.45 percent. This connotes that the company is making $1.48 for each dollar of assets. An increasing asset utilization means that Worthington Industries is more efficient with each dollar of assets it utilizes for everyday operations.
Investing in Worthington Industries, 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 Worthington Industries 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.

How important is Worthington Industries's Liquidity

Worthington Industries financial leverage refers to using borrowed capital as a funding source to finance Worthington Industries ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Worthington Industries 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 Worthington Industries's total debt and its cash.

How Worthington utilizes its cash?

To perform a cash flow analysis of Worthington Industries, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Worthington Industries is receiving and how much cash it distributes out in a given period. The Worthington Industries cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. Worthington Industries Net Cash Flow from Operations is relatively stable at the moment as compared to the past year. Worthington Industries reported last year Net Cash Flow from Operations of 336.73 Million

Worthington Industries Correlation with Peers

Investors in Worthington can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Worthington Industries. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Worthington Industries and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Worthington 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 Worthington for more details

What is the case for Worthington Industries Investors

We consider Worthington Industries very steady. Worthington Industries shows Sharpe Ratio of 0.0122, which attests that the company had 0.0122% of return per unit of risk over the last month. 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-eight technical indicators for Worthington Industries, which you can use to evaluate future volatility of the company. Please check out Worthington Industries Downside Deviation of 2.78, mean deviation of 2.0, and Market Risk Adjusted Performance of 0.1003 to validate if the risk estimate we provide is consistent with the expected return of 0.0333%.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Another 3 percent spike for Worthington Industries

Latest downside variance is at 7.71. As of the 23rd of September, Worthington Industries maintains the Mean Deviation of 2.0, downside deviation of 2.78, and Market Risk Adjusted Performance of 0.1003. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Worthington Industries, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We have analyze and collected data for nineteen technical drivers for Worthington Industries, which can be compared to its rivals. Please check out Worthington Industries jensen alpha and semi variance to decide if Worthington Industries is priced fairly, providing market reflects its latest price of 37.69 per share. Given that Worthington Industries has jensen alpha of 0.0173, we strongly advise you to confirm Worthington Industries's prevalent market performance to make sure the company can sustain itself at a future point.

The Current Takeaway on Worthington Industries Investment

When is the right time to buy or sell Worthington Industries? Buying stocks such as Worthington Industries isn't very hard. However, what challenging for most investors is doing it at the right time. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities, deliver winning trades and diversify portfolios on a daily bases. To conclude, as of the 23rd of September 2020, we believe that Worthington Industries is currently overvalued with below average chance of distress in the next two years. Our final 30 days buy-or-sell advice on the enterprise is Cautious Hold.

About Contributor

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 Raphi Shpitalnik do not own shares of Worthington Industries. Please refer to our Terms of Use for any information regarding our disclosure principles.

Would you like to provide feedback on the content of this article?

You can get in touch with us directly or send us a quick note via email to editors@macroaxis.com