Encore Wire Stock Market Value
| WIRE Stock | USD 184.34 2.99 1.60% |
| Symbol | Encore |
Encore Wire Valuation
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 (0.52) | Dividend Share 0.08 | Earnings Share 25.73 | Revenue Per Share 150.007 | Quarterly Revenue Growth (0.16) |
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.
Encore Wire 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Encore Wire's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Encore Wire.
| 09/30/2023 |
| 11/29/2023 |
If you would invest 0.00 in Encore Wire on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding Encore Wire or generate 0.0% return on investment in Encore Wire over 60 days. Encore Wire is related to or competes with Bloom Energy, Kimball Electronics, Electrovaya Common, Enovix Corp, Eos Energy, Sunrise New, and FuelCell Energy. Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in th... More
Encore Wire Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Encore Wire's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Encore Wire upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | 0.1157 | |||
| Maximum Drawdown | 10.73 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 3.43 |
Encore Wire Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Encore Wire's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Encore Wire's standard deviation. In reality, there are many statistical measures that can use Encore Wire historical prices to predict the future Encore Wire's volatility.| Risk Adjusted Performance | 0.1027 | |||
| Jensen Alpha | 0.2401 | |||
| Total Risk Alpha | 0.2313 | |||
| Sortino Ratio | 0.1186 | |||
| Treynor Ratio | 0.149 |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Encore Wire'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 Encore Wire in the context of predictive analytics.
Encore Wire Backtested Returns
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% of 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-seven technical indicators for Encore Wire, which you can use to evaluate the future volatility of the firm. Please utilize Encore Wire's Semi Deviation of 1.84, downside deviation of 2.08, and Mean Deviation of 1.62 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Encore Wire holds a performance score of 8. The firm shows a Beta (market volatility) of 1.709, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Encore Wire will likely underperform. By reviewing Encore Wire technical indicators, you can presently evaluate if the expected return of 0.23% will be sustainable into the future. Please utilizes Encore Wire potential upside, and the relationship between the total risk alpha and kurtosis to make a quick decision on whether Encore Wire price patterns will revert.
Auto-correlation | -0.37 |
Poor reverse predictability
Encore Wire has poor reverse predictability. Overlapping area represents the amount of predictability between Encore Wire time series from 30th of September 2023 to 30th of October 2023 and 30th of October 2023 to 29th of November 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Encore Wire price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Encore Wire price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 45.31 |
Encore Wire lagged returns against current returns
Autocorrelation, which is Encore Wire stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Encore Wire's stock expected returns. We can calculate the autocorrelation of Encore Wire returns to help us make a trade decision. For example, suppose you find that Encore Wire stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Encore Wire regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Encore Wire stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Encore Wire stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Encore Wire stock over time.
Current vs Lagged Prices |
| Timeline |
Encore Wire Lagged Returns
When evaluating Encore Wire's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Encore Wire stock have on its future price. Encore Wire autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Encore Wire autocorrelation shows the relationship between Encore Wire stock current value and its past values and can show if there is a momentum factor associated with investing in Encore Wire.
Regressed Prices |
| Timeline |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Encore Wire without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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 Encore Wire Correlation, Encore Wire Volatility and Encore Wire Alpha and Beta module to complement your research on Encore Wire. For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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.
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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.