Wabash National Stock Market Value
| WNC Stock | USD 25.82 0.46 1.81% |
| Symbol | Wabash |
Wabash National Price To Book Ratio
Is Wabash National'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 Wabash National. If investors know Wabash 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 Wabash National 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 0.286 | Dividend Share 0.32 | Earnings Share 4.81 | Revenue Per Share 53.955 | Quarterly Revenue Growth (0.09) |
The market value of Wabash National is measured differently than its book value, which is the value of Wabash that is recorded on the company's balance sheet. Investors also form their own opinion of Wabash National's value that differs from its market value or its book value, called intrinsic value, which is Wabash National'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 Wabash National's market value can be influenced by many factors that don't directly affect Wabash National'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 Wabash National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wabash National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wabash National'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.
Wabash National '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 Wabash National'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 Wabash National.
| 06/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Wabash National on June 28, 2023 and sell it all today you would earn a total of 0.00 from holding Wabash National or generate 0.0% return on investment in Wabash National over 300 days. Wabash National is related to or competes with AGCO, CNH Industrial, Deere, Lindsay, and Lion Electric. Wabash National Corporation designs, manufactures, and distributes engineered solutions for the transportation, logistic... More
Wabash National 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 Wabash National'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 Wabash National upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.14 | |||
| Information Ratio | 0.0151 | |||
| Maximum Drawdown | 9.6 | |||
| Value At Risk | (3.36) | |||
| Potential Upside | 4.28 |
Wabash National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wabash National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wabash National's standard deviation. In reality, there are many statistical measures that can use Wabash National historical prices to predict the future Wabash National's volatility.| Risk Adjusted Performance | 0.0396 | |||
| Jensen Alpha | 0.0107 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0159 | |||
| Treynor Ratio | 0.0835 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wabash National'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.
Wabash National Backtested Returns
We consider Wabash National very steady. Wabash National shows Sharpe Ratio of 0.0272, which attests that the company had a 0.0272% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wabash National, which you can use to evaluate the volatility of the company. Please check out Wabash National's Downside Deviation of 2.14, mean deviation of 1.78, and Market Risk Adjusted Performance of 0.0935 to validate if the risk estimate we provide is consistent with the expected return of 0.0627%. Wabash National has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of 1.31, which attests to 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, Wabash National will likely underperform. Wabash National right now maintains a risk of 2.31%. Please check out Wabash National jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Wabash National will be following its historical returns.
Auto-correlation | -0.68 |
Very good reverse predictability
Wabash National has very good reverse predictability. Overlapping area represents the amount of predictability between Wabash National time series from 28th of June 2023 to 25th of November 2023 and 25th of November 2023 to 23rd of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Wabash National price movement. The serial correlation of -0.68 indicates that around 68.0% of current Wabash National price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 3.21 |
Wabash National lagged returns against current returns
Autocorrelation, which is Wabash National 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 Wabash National's stock expected returns. We can calculate the autocorrelation of Wabash National returns to help us make a trade decision. For example, suppose you find that Wabash National 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Wabash National 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 Wabash National stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wabash National stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wabash National stock over time.
Current vs Lagged Prices |
| Timeline |
Wabash National Lagged Returns
When evaluating Wabash National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wabash National stock have on its future price. Wabash National 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, Wabash National autocorrelation shows the relationship between Wabash National stock current value and its past values and can show if there is a momentum factor associated with investing in Wabash National.
Regressed Prices |
| Timeline |
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 Wabash National offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Wabash National's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wabash National Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wabash National Stock:Check out Wabash National Correlation, Wabash National Volatility and Wabash National Alpha and Beta module to complement your research on Wabash National. For information on how to trade Wabash Stock refer to our How to Trade Wabash Stock guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Wabash Stock analysis
When running Wabash National's price analysis, check to measure Wabash National'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 Wabash National is operating at the current time. Most of Wabash National's value examination focuses on studying past and present price action to predict the probability of Wabash National's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wabash National's price. Additionally, you may evaluate how the addition of Wabash National to your portfolios can decrease your overall portfolio volatility.
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Wabash National 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.