Encore Stock Market Value

WIRE Stock

USD 180.39 2.43 1.37%

Encore Wire's market value is the price at which a share of Encore Wire stock trades on a public exchange. It measures the collective expectations of Encore Wire investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Encore Wire and determine expected loss or profit from investing in Encore Wire over a given investment horizon. Check out Encore Wire Correlation, Encore Wire Volatility and Encore Wire Alpha and Beta module to complement your research on Encore Wire.

Symbol

Encore Wire company 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

0.198

Dividend Share

0.08

Earnings Share

36.92

Revenue Per Share

157.501

Quarterly Revenue Growth

0.009

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 Encore Wire value 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.

0.00

05/01/2021

No Change 0.00

0.0

In 1 year 10 months and 22 days

03/22/2023

0.00

If you would invest 0.00 in Encore Wire on May 1, 2021 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 690 days. Encore Wire is related to or competes with Ads Tec, Bloom Energy, CBAK Energy, Tritium Dcfc, and Chardan NexTech. 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	2.44
	Information Ratio	0.1581
	Maximum Drawdown	20.96
	Value At Risk	(3.16)
	Potential Upside	3.61

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	0.1434
	Jensen Alpha	0.458
	Total Risk Alpha	0.5289
	Sortino Ratio	0.1759
	Treynor Ratio	0.244

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.

Hype

Prediction

Low	Estimated Value	High
162.50	184.39	187.16

Details

Intrinsic

Valuation

Low	Real Value	High
162.50	227.95	230.72

Details

1 Analysts

Consensus

Low	Target Price	High
250.00	250.00	250.00

Details

Earnings

Estimates (1)

Low	Projected EPS	High
5.44	5.44	5.44

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Encore Wire. Your research has to be compared to or analyzed against Encore Wire's peers to derive any actionable benefits. When done correctly, Encore Wire'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 Encore Wire.

Encore Wire Backtested Returns

Encore Wire appears to be very steady, given 3 months investment horizon. Encore Wire secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the company had 0.17% 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-eight technical indicators for Encore Wire, which you can use to evaluate the future volatility of the firm. Please utilize Encore Wire's Mean Deviation of 1.8, downside deviation of 2.44, and Semi Deviation of 2.06 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 12. The firm shows a Beta (market volatility) of 1.5271, which means a somewhat significant risk relative to the market. Let's try to break down what Encore's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Encore Wire will likely underperform. Although it is vital to follow Encore Wire historical returns, it is good to be conservative about what you can do with the information regarding 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 0.47% 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

0.55

Modest predictability

Encore Wire has modest predictability. Overlapping area represents the amount of predictability between Encore Wire time series from 1st of May 2021 to 11th of April 2022 and 11th of April 2022 to 22nd of March 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 0.55 indicates that about 55.0% of current Encore Wire price fluctuation can be explain by its past prices.

	Correlation Coefficient	0.55
	Spearman Rank Test	0.56
	Residual Average	0.0
	Price Variance	558.22

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.

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Check out Encore Wire Correlation, Encore Wire Volatility and Encore Wire Alpha and Beta module to complement your research on Encore Wire. You can also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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When running Encore Wire 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 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.

Volatility Indicators

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Value Movement

View

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...

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Encore Stock Market Value

Encore Wire company Valuation

Encore Wire 'What if' Analysis

Encore Wire Upside/Downside Indicators

Encore Wire Market Risk Indicators

Encore Wire Backtested Returns

Auto-correlation

Modest predictability

Encore Wire lagged returns against current returns

Encore Wire regressed lagged prices vs. current prices

Encore Wire Lagged Returns

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