Worthington Industries Stock Technical Analysis
| WOR Stock | USD 41.38 0.48 1.15% |
As of the 4th of December, Worthington Industries maintains the Standard Deviation of 2.43, mean deviation of 1.69, and Market Risk Adjusted Performance of (0.05). Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Worthington Industries, as well as the relationship between them. Please check out Worthington Industries market risk adjusted performance and treynor ratio to decide if Worthington Industries is priced fairly, providing market reflects its latest price of 41.38 per share. Given that Worthington Industries has information ratio of (0.1), we strongly advise you to confirm Worthington Industries's prevalent market performance to make sure the company can sustain itself at a future point.
Worthington Industries 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 Industries Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 65.0 | Hold | 3 | 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 Industries, talking to its executives and customers, or listening to Worthington conference calls.
Worthington Industries 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 Industries 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 Industries volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Worthington Industries Trend Analysis
Use this graph to draw trend lines for Worthington Industries. You can use it to identify possible trend reversals for Worthington Industries 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 Industries price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Worthington Industries Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Worthington Industries applied against its price change over selected period. The best fit line has a slop of 0.07 , which may imply that the returns on investment in Worthington Industries will continue to fail. It has 122 observation points and a regression sum of squares at 164.59, which is the sum of squared deviations for the predicted Worthington Industries price change compared to its average price change.About Worthington Industries 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 Industries 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 Industries based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Worthington Industries price pattern first instead of the macroeconomic environment surrounding Worthington Industries. By analyzing Worthington Industries'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 Industries'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 Industries specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2023 | 2024 (projected) | Dividend Yield | 0.0399 | 0.0203 | 0.0192 | Price To Sales Ratio | 0.27 | 2.25 | 2.36 |
Worthington Industries December 4, 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 | (0.03) | |||
| Market Risk Adjusted Performance | (0.05) | |||
| Mean Deviation | 1.69 | |||
| Coefficient Of Variation | (2,041) | |||
| Standard Deviation | 2.43 | |||
| Variance | 5.89 | |||
| Information Ratio | (0.1) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.06) | |||
| Maximum Drawdown | 13.44 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 2.6 | |||
| Skewness | 0.6821 | |||
| Kurtosis | 4.97 |
Additional Tools for Worthington Stock Analysis
When running Worthington Industries' price analysis, check to measure Worthington Industries' 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 Industries is operating at the current time. Most of Worthington Industries' value examination focuses on studying past and present price action to predict the probability of Worthington Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worthington Industries' price. Additionally, you may evaluate how the addition of Worthington Industries to your portfolios can decrease your overall portfolio volatility.