Wabash National Stock Probability of Future Stock Price Finishing Over 17.1
| WNC Stock | USD 17.01 0.09 0.53% |
Wabash |
Wabash National Target Price Odds to finish over 17.1
The tendency of Wabash Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 17.10 or more in 90 days |
| 17.01 | 90 days | 17.10 | about 98.0 |
Based on a normal probability distribution, the odds of Wabash National to move over $ 17.10 or more in 90 days from now is about 98.0 (This Wabash National probability density function shows the probability of Wabash Stock to fall within a particular range of prices over 90 days) . Probability of Wabash National price to stay between its current price of $ 17.01 and $ 17.10 at the end of the 90-day period is near 1 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.69 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Wabash National will likely underperform. Additionally Wabash National has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Wabash National Price Density |
| Price |
Predictive Modules for Wabash National
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wabash National. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Wabash National Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Wabash National is not an exception. The market had few large corrections towards the Wabash National's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Wabash National, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Wabash National within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.23 | |
β | Beta against Dow Jones | 1.69 | |
σ | Overall volatility | 0.84 | |
Ir | Information ratio | -0.09 |
Wabash National Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Wabash National for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Wabash National can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Wabash National generated a negative expected return over the last 90 days | |
| Wabash National has a very strong financial position based on the latest SEC filings | |
| Over 97.0% of the company outstanding shares are owned by institutional investors | |
| On 31st of October 2024 Wabash National paid $ 0.08 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Cold Storage Construction Market Forecasted to Reach USD 29.37 Billion by 2032, Growing at 10.8 percent CAGR from 2024-2032 Introspective Market Research |
Wabash National Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Wabash Stock often depends not only on the future outlook of the current and potential Wabash National's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Wabash National's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 48 M | |
| Cash And Short Term Investments | 179.3 M |
Wabash National Technical Analysis
Wabash National's future price can be derived by breaking down and analyzing its technical indicators over time. Wabash Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Wabash National. In general, you should focus on analyzing Wabash Stock price patterns and their correlations with different microeconomic environments and drivers.
Wabash National Predictive Forecast Models
Wabash National's time-series forecasting models is one of many Wabash National's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Wabash National's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Wabash National
Checking the ongoing alerts about Wabash National for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Wabash National help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Wabash National generated a negative expected return over the last 90 days | |
| Wabash National has a very strong financial position based on the latest SEC filings | |
| Over 97.0% of the company outstanding shares are owned by institutional investors | |
| On 31st of October 2024 Wabash National paid $ 0.08 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Cold Storage Construction Market Forecasted to Reach USD 29.37 Billion by 2032, Growing at 10.8 percent CAGR from 2024-2032 Introspective Market Research |
Check out Wabash National Backtesting, Wabash National Valuation, Wabash National Correlation, Wabash National Hype Analysis, Wabash National Volatility, Wabash National History as well as Wabash National Performance. For information on how to trade Wabash Stock refer to our How to Trade Wabash Stock guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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.