Worthington Steel Stock Technical Analysis
| WS Stock | 30.84 0.30 0.96% |
As of the 13th of June 2024, Worthington Steel maintains the Market Risk Adjusted Performance of 0.051, downside deviation of 2.61, and Mean Deviation of 2.01. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Worthington Steel, as well as the relationship between them. Please check out Worthington Steel value at risk, as well as the relationship between the semi variance and kurtosis to decide if Worthington Steel is priced fairly, providing market reflects its latest price of 30.84 per share. Given that Worthington Steel has jensen alpha of 0.0673, we strongly advise you to confirm Worthington Steel's prevalent market performance to make sure the company can sustain itself at a future point.
Worthington Steel Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Worthington, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to WorthingtonWorthington |
Worthington Steel Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 29.0 | Buy | 2 | Odds |
Most Worthington analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Worthington stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Worthington Steel, talking to its executives and customers, or listening to Worthington conference calls.
Worthington Steel 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.
Worthington Steel Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Worthington Steel volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Worthington Steel Trend Analysis
Use this graph to draw trend lines for Worthington Steel. You can use it to identify possible trend reversals for Worthington Steel as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Worthington Steel price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Worthington Steel Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Worthington Steel applied against its price change over selected period. The best fit line has a slop of 0.05 , which may indicate that the price for Worthington Steel will continue to decline. It has 122 observation points and a regression sum of squares at 80.43, which is the sum of squared deviations for the predicted Worthington Steel price change compared to its average price change.About Worthington Steel Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Worthington Steel on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Worthington Steel based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Worthington Steel price pattern first instead of the macroeconomic environment surrounding Worthington Steel. By analyzing Worthington Steel's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Worthington Steel's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Worthington Steel specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 53.9 | 47.73 | 54.89 | 62.76 | PTB Ratio | 1.1 | 1.22 | 1.4 | 1.54 |
Worthington Steel June 13, 2024 Technical Indicators
Most technical analysis of Worthington help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Worthington from various momentum indicators to cycle indicators. When you analyze Worthington charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.0264 | |||
| Market Risk Adjusted Performance | 0.051 | |||
| Mean Deviation | 2.01 | |||
| Semi Deviation | 2.43 | |||
| Downside Deviation | 2.61 | |||
| Coefficient Of Variation | 3356.87 | |||
| Standard Deviation | 2.83 | |||
| Variance | 8.03 | |||
| Information Ratio | 0.0249 | |||
| Jensen Alpha | 0.0673 | |||
| Total Risk Alpha | 0.0565 | |||
| Sortino Ratio | 0.027 | |||
| Treynor Ratio | 0.041 | |||
| Maximum Drawdown | 17.03 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 4.81 | |||
| Downside Variance | 6.79 | |||
| Semi Variance | 5.93 | |||
| Expected Short fall | (2.15) | |||
| Skewness | 0.7696 | |||
| Kurtosis | 2.63 |
Additional Tools for Worthington Stock Analysis
When running Worthington Steel's price analysis, check to measure Worthington Steel'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 Worthington Steel is operating at the current time. Most of Worthington Steel's value examination focuses on studying past and present price action to predict the probability of Worthington Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worthington Steel's price. Additionally, you may evaluate how the addition of Worthington Steel to your portfolios can decrease your overall portfolio volatility.