Wabash National Stock Market Value
| WNC Stock | USD 17.10 0.46 2.62% |
| Symbol | Wabash |
Wabash National Price To Book Ratio
Is Construction Machinery & Heavy Transportation Equipment space 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 Wabash National. If investors know Wabash 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 Wabash National 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 (0.58) | Dividend Share 0.32 | Earnings Share (5.26) | Revenue Per Share 47.238 | Quarterly Revenue Growth (0.27) |
The market value of Wabash National is measured differently than its book value, which is the value of Wabash that is recorded on the company's balance sheet. Investors also form their own opinion of Wabash National's value that differs from its market value or its book value, called intrinsic value, which is Wabash National'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 Wabash National's market value can be influenced by many factors that don't directly affect Wabash National'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 Wabash National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wabash National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wabash National'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.
Wabash National '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 Wabash National's 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 Wabash National.
| 10/21/2024 |
| 12/20/2024 |
If you would invest 0.00 in Wabash National on October 21, 2024 and sell it all today you would earn a total of 0.00 from holding Wabash National or generate 0.0% return on investment in Wabash National over 60 days. Wabash National is related to or competes with Thrivent High, Morningstar Unconstrained, Via Renewables, T Rowe, 70082LAB3, Sitka Gold, and MSCI ACWI. Wabash National Corporation designs, manufactures, and distributes engineered solutions for the transportation, logistic... More
Wabash National 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 Wabash National's 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 Wabash National upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.81 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 3.0 |
Wabash National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wabash National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wabash National's standard deviation. In reality, there are many statistical measures that can use Wabash National historical prices to predict the future Wabash National's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.12) |
Wabash National Backtested Returns
Wabash National shows Sharpe Ratio of -0.0712, which attests that the company had a -0.0712% return per unit of risk over the last 3 months. Wabash National exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wabash National's Market Risk Adjusted Performance of (0.11), mean deviation of 1.8, and Standard Deviation of 2.3 to validate the risk estimate we provide. The firm maintains a market beta of 1.69, 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, Wabash National will likely underperform. At this point, Wabash National has a negative expected return of -0.17%. Please make sure to check out Wabash National's skewness, and the relationship between the total risk alpha and rate of daily change , to decide if Wabash National performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.26 |
Weak reverse predictability
Wabash National has weak reverse predictability. Overlapping area represents the amount of predictability between Wabash National time series from 21st of October 2024 to 20th of November 2024 and 20th of November 2024 to 20th of December 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 Wabash National price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Wabash National price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.69 |
Wabash National lagged returns against current returns
Autocorrelation, which is Wabash National 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 Wabash National's stock expected returns. We can calculate the autocorrelation of Wabash National returns to help us make a trade decision. For example, suppose you find that Wabash National 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 |
Wabash National 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 Wabash National stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wabash National stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wabash National stock over time.
Current vs Lagged Prices |
| Timeline |
Wabash National Lagged Returns
When evaluating Wabash National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wabash National stock have on its future price. Wabash National 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, Wabash National autocorrelation shows the relationship between Wabash National stock current value and its past values and can show if there is a momentum factor associated with investing in Wabash National.
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 Wabash National offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Wabash National's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wabash National Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wabash National Stock:Check out Wabash National Correlation, Wabash National Volatility and Wabash National Alpha and Beta module to complement your research on Wabash National. For information on how to trade Wabash Stock refer to our How to Trade Wabash Stock guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Wabash National 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.