Encore Wire Alpha and Beta Analysis
| WIREDelisted Stock | USD 289.84 0.00 0.00% |
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. Key technical indicators related to Encore Wire's market risk premium analysis include:
Beta 0.47 | Alpha 0.0919 | Risk 0.0 | Sharpe Ratio 0.0 | Expected Return 0.0 |
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 | 0.09 | β | 0.47 |
Encore Wire Fundamentals Vs Peers
Comparing Encore Wire's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Encore Wire's direct or indirect competition across all of the common fundamentals between Encore Wire and the related equities. This way, we can detect undervalued stocks with similar characteristics as Encore Wire or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Encore Wire's fundamental indicators could also be used in its relative valuation, which is a method of valuing Encore Wire by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Encore Wire to competition |
| Fundamentals | Encore Wire | Peer Average |
| Return On Equity | 0.17 | -0.31 |
| Return On Asset | 0.12 | -0.14 |
| Profit Margin | 0.12 % | (1.27) % |
| Operating Margin | 0.12 % | (5.51) % |
| Current Valuation | 3.96 B | 16.62 B |
| Shares Outstanding | 15.8 M | 571.82 M |
| Shares Owned By Insiders | 7.45 % | 10.09 % |
Encore Wire Opportunities
Encore Wire Return and Market Media
The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
| Encore Wire dividend paid on 19th of April 2024 | 04/19/2024 |
1 | Judy Garlands Hometown is Raising Funds to Purchase Stolen Wizard of Oz Ruby Slippers | 06/20/2024 |
2 | Ukraine and Moldova Are Launching E.U. Membership Talks. Its a Dream Come True for Ukraines Zelensky | 06/25/2024 |
3 | Three Climbers Bodies Found in Crater at Summit of Japans Mount Fuji | 06/27/2024 |
4 | Bolivian Government Says it Detained 4 More People Linked to a Failed Coup Attempt | 06/28/2024 |
5 | Pennsylvania Man Killed When Fireworks Explode in His Garage | 07/01/2024 |
6 | Disposition of 14100 shares by Wilson John H of Encore Wire at 290.0 subject to Rule 16b-3 | 07/02/2024 |
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 delisted 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.
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.
| 13th of February 2024 Upcoming Quarterly Report | View | |
| 23rd of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 13th of February 2024 Next Fiscal Year End | View | |
| 30th of September 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 Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Other Consideration for investing in Encore Stock
If you are still planning to invest in Encore Wire check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Encore Wire's history and understand the potential risks before investing.
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |