Encore Stock Alpha and Beta Analysis
| WIRE Stock | USD 180.14 2.32 1.27% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Encore Wire. It also helps investors analyze the systematic and unsystematic risks associated with investing in Encore Wire over a specified time horizon. Remember, high Encore Wire's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Beta 1.48 | Alpha 0.0487 | Risk 1.89 | Sharpe Ratio 0.0083 | Expected Return 0.0156 |
Encore Wire Quarterly Book Value per Share |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Encore |
Encore Wire Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Encore Wire market risk premium is the additional return an investor will receive from holding Encore Wire long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Encore Wire. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Encore Wire's performance over market.| α | 0.048727 | β | 1.48 |
Encore Wire expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Encore Wire's Buy-and-hold return. Our buy-and-hold chart shows how Encore Wire performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Encore Wire Market Price Analysis
Market price analysis indicators help investors to evaluate how Encore Wire stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Encore Wire shares will generate the highest return on investment. By understating and applying Encore Wire stock market price indicators, traders can identify Encore Wire position entry and exit signals to maximize returns.
Encore Wire Return and Market Media
The median price of Encore Wire for the period between Wed, Jul 5, 2023 and Tue, Oct 3, 2023 is 168.04 with a coefficient of variation of 4.46. The daily time series for the period is distributed with a sample standard deviation of 7.6, arithmetic mean of 170.33, and mean deviation of 6.54. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
| Encore Wire dividend paid on 21st of July 2023 | 07/21/2023 |
1 | EPS Reported | 07/25/2023 |
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7 | China Arrests 2 Construction Workers for Smashing a Shortcut... | 09/06/2023 |
8 | Branch-Circuit Cable Market 2023-2031 Market Outlook by Indu... | 09/11/2023 |
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About Encore Wire Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Encore or other stocks. Alpha measures the amount that position in Encore Wire has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2010 | 2011 | 2022 | 2023 (projected) | Long Term Debt to Equity | 0.28 | 0.26 | 0.3 | 0.29 | Interest Coverage | 77.24 | 919.01 | 827.11 | 892.41 |
Encore Wire Upcoming Company Events
As portrayed in its financial statements, the presentation of Encore Wire's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Encore Wire's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Encore Wire's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Encore Wire. Please utilize our Beneish M Score to check the likelihood of Encore Wire's management manipulating its earnings.
| 24th of October 2023 Upcoming Quarterly Report | View | |
| 13th of February 2024 Next Financial Report | View | |
| 30th of September 2023 Next Fiscal Quarter End | View | |
| 13th of February 2024 Next Fiscal Year End | View | |
| 30th of June 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Encore Wire
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Encore Wire Backtesting, Encore Wire Valuation, Encore Wire Correlation, Encore Wire Hype Analysis, Encore Wire Volatility, Encore Wire History and analyze Encore Wire Performance. For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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.