Worthington Industries Stock Market Value
| WOR Stock | USD 58.84 0.76 1.28% |
| Symbol | Worthington |
Worthington Industries Price To Book Ratio
Is Worthington Industries' 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 Worthington Industries. If investors know Worthington 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 Worthington Industries 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 (0.53) | Dividend Share 1.11 | Earnings Share 4.99 | Revenue Per Share 97.839 | Quarterly Revenue Growth (0.09) |
The market value of Worthington Industries is measured differently than its book value, which is the value of Worthington that is recorded on the company's balance sheet. Investors also form their own opinion of Worthington Industries' value that differs from its market value or its book value, called intrinsic value, which is Worthington Industries' 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 Worthington Industries' market value can be influenced by many factors that don't directly affect Worthington Industries' 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 Worthington Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Worthington Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Worthington Industries' 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.
Worthington Industries '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 Worthington Industries' 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 Worthington Industries.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Worthington Industries on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Worthington Industries or generate 0.0% return on investment in Worthington Industries over 720 days. Worthington Industries is related to or competes with Insteel Industries, Mayville Engineering, Gulf Island, ESAB Corp, Northwest Pipe, Ryerson Holding, and Mueller Industries. Worthington Industries, Inc., an industrial manufacturing company, focuses on value-added steel processing, manufactured... More
Worthington Industries 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 Worthington Industries' 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 Worthington Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.09 | |||
| Information Ratio | 0.022 | |||
| Maximum Drawdown | 12.85 | |||
| Value At Risk | (3.58) | |||
| Potential Upside | 3.45 |
Worthington Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Worthington Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Worthington Industries' standard deviation. In reality, there are many statistical measures that can use Worthington Industries historical prices to predict the future Worthington Industries' volatility.| Risk Adjusted Performance | 0.0476 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0234 | |||
| Treynor Ratio | 0.0628 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Worthington Industries' 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.
Worthington Industries Backtested Returns
We consider Worthington Industries very steady. Worthington Industries shows Sharpe Ratio of 0.0418, which attests that the company had a 0.0418% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Worthington Industries, which you can use to evaluate the volatility of the company. Please check out Worthington Industries' Downside Deviation of 2.09, mean deviation of 1.61, and Market Risk Adjusted Performance of 0.0728 to validate if the risk estimate we provide is consistent with the expected return of 0.0943%. Worthington Industries has a performance score of 3 on a scale of 0 to 100. The firm maintains a market beta of 2.14, 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, Worthington Industries will likely underperform. Worthington Industries right now maintains a risk of 2.26%. Please check out Worthington Industries sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to decide if Worthington Industries will be following its historical returns.
Auto-correlation | 0.78 |
Good predictability
Worthington Industries has good predictability. Overlapping area represents the amount of predictability between Worthington Industries time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th 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 Worthington Industries price movement. The serial correlation of 0.78 indicates that around 78.0% of current Worthington Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 95.87 |
Worthington Industries lagged returns against current returns
Autocorrelation, which is Worthington Industries 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 Worthington Industries' stock expected returns. We can calculate the autocorrelation of Worthington Industries returns to help us make a trade decision. For example, suppose you find that Worthington Industries 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 |
Worthington Industries 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 Worthington Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Worthington Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Worthington Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Worthington Industries Lagged Returns
When evaluating Worthington Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Worthington Industries stock have on its future price. Worthington Industries 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, Worthington Industries autocorrelation shows the relationship between Worthington Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Worthington Industries.
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 Worthington Industries is a strong investment it is important to analyze Worthington Industries' 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 Worthington Industries' future performance. For an informed investment choice regarding Worthington Stock, refer to the following important reports:Check out Worthington Industries Correlation, Worthington Industries Volatility and Worthington Industries Alpha and Beta module to complement your research on Worthington Industries. To learn how to invest in Worthington Stock, please use our How to Invest in Worthington Industries guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Worthington Stock analysis
When running Worthington Industries' price analysis, check to measure Worthington Industries' 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 Worthington Industries is operating at the current time. Most of Worthington Industries' value examination focuses on studying past and present price action to predict the probability of Worthington Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worthington Industries' price. Additionally, you may evaluate how the addition of Worthington Industries to your portfolios can decrease your overall portfolio volatility.
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Worthington Industries 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.