Encore Wire Stock Performance

WIRE Stock  USD 231.38  6.85  3.05%   
On a scale of 0 to 100, Encore Wire holds a performance score of 16. The firm shows a Beta (market volatility) of 1.42, 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 0.4% 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.

Risk-Adjusted Performance

16 of 100

Compared to the overall equity markets, risk-adjusted returns on investments in Encore Wire are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of rather conflicting basic indicators, Encore Wire exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Forward Dividend Yield
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Dividend Date
Encore Wire dividend paid on 19th of January 2024
Unclassified Event
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Begin Period Cash Flow730.6 M

Encore Wire Relative Risk vs. Return Landscape

If you would invest  18,428  in Encore Wire on November 30, 2023 and sell it today you would earn a total of  4,710  from holding Encore Wire or generate 25.56% return on investment over 90 days. Encore Wire is currently generating 0.3972% in daily expected returns and assumes 1.8685% risk (volatility on return distribution) over the 90 days horizon. In different words, 16% of stocks are less volatile than Encore, and 93% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Expected Return   
Given the investment horizon of 90 days Encore Wire is expected to generate 2.86 times more return on investment than the market. However, the company is 2.86 times more volatile than its market benchmark. It trades about 0.21 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.23 per unit of risk.

Encore Wire Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Encore Wire's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Encore Wire, and traders can use it to determine the average amount a Encore Wire's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.2126

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Estimated Market Risk

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84% of assets are more volatile

Expected Return

  actual daily
93% of assets have higher returns

Risk-Adjusted Return

  actual daily
84% of assets perform better
Based on monthly moving average Encore Wire is performing at about 16% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Encore Wire by adding it to a well-diversified portfolio.

Encore Wire Fundamentals Growth

Encore Stock prices reflect investors' perceptions of the future prospects and financial health of Encore Wire, and Encore Wire fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Encore Stock performance.

About Encore Wire Performance

To evaluate Encore Wire Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Encore Wire generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Encore Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Encore Wire market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Encore's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Return on Investment 52.16  56.28 
Return on Average Assets 0.19  0.19 
Return on Average Equity 0.21  0.21 
Return on Invested Capital 0.40  0.38 
Return on Sales 0.19  0.17 

Things to note about Encore Wire performance evaluation

Checking the ongoing alerts about Encore Wire for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Encore Wire help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Over 94.0% of the company outstanding shares are owned by institutional investors
On 19th of January 2024 Encore Wire paid $ 0.02 per share dividend to its current shareholders
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Evaluating Encore Wire's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Encore Wire's stock performance include:
  • Analyzing Encore Wire's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Encore Wire's stock is overvalued or undervalued compared to its peers.
  • Examining Encore Wire's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Encore Wire's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Encore Wire's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Encore Wire's stock. These opinions can provide insight into Encore Wire's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Encore Wire's stock performance is not an exact science, and many factors can impact Encore Wire's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.
You can also try the Stocks Directory module to find actively traded stocks across global markets.

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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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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.
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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.