Workhorse Group Stock Market Value
| WKHS Stock | USD 1.07 0.01 0.94% |
| Symbol | Workhorse |
Workhorse Group Price To Book Ratio
Is Automotive Parts & 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 Workhorse. If investors know Workhorse 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 Workhorse 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 190.435 | Earnings Share (7.77) | Revenue Per Share 0.666 | Quarterly Revenue Growth (0.79) | Return On Assets (0.44) |
The market value of Workhorse Group is measured differently than its book value, which is the value of Workhorse that is recorded on the company's balance sheet. Investors also form their own opinion of Workhorse's value that differs from its market value or its book value, called intrinsic value, which is Workhorse'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 Workhorse's market value can be influenced by many factors that don't directly affect Workhorse'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 Workhorse's value and its price as these two are different measures arrived at by different means. Investors typically determine if Workhorse is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workhorse'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.
Workhorse '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 Workhorse'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 Workhorse.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Workhorse on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Workhorse Group or generate 0.0% return on investment in Workhorse over 30 days. Workhorse is related to or competes with Nio, Xpeng, Tesla, Li Auto, and Polestar Automotive. Workhorse Group Inc., a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicle... More
Workhorse 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 Workhorse'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 Workhorse Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.98 | |||
| Information Ratio | 0.0837 | |||
| Maximum Drawdown | 65.13 | |||
| Value At Risk | (9.30) | |||
| Potential Upside | 14.58 |
Workhorse Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Workhorse's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Workhorse's standard deviation. In reality, there are many statistical measures that can use Workhorse historical prices to predict the future Workhorse's volatility.| Risk Adjusted Performance | 0.0794 | |||
| Jensen Alpha | 0.5578 | |||
| Total Risk Alpha | (0.58) | |||
| Sortino Ratio | 0.1119 | |||
| Treynor Ratio | 0.3036 |
Workhorse Group Backtested Returns
Workhorse is abnormally volatile given 3 months investment horizon. Workhorse Group shows Sharpe Ratio of 0.14, which attests that the company had a 0.14% return per unit of risk over the last 3 months. We have analyze and collected data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.26% are justified by taking the suggested risk. Use Workhorse Group Mean Deviation of 6.13, downside deviation of 6.98, and Market Risk Adjusted Performance of 0.3136 to evaluate company specific risk that cannot be diversified away. Workhorse holds a performance score of 10 on a scale of zero to a hundred. The firm maintains a market beta of 2.95, 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, Workhorse will likely underperform. Use Workhorse Group downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to analyze future returns on Workhorse Group.
Auto-correlation | -0.35 |
Poor reverse predictability
Workhorse Group has poor reverse predictability. Overlapping area represents the amount of predictability between Workhorse time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Workhorse Group price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Workhorse price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Workhorse Group lagged returns against current returns
Autocorrelation, which is Workhorse 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 Workhorse's stock expected returns. We can calculate the autocorrelation of Workhorse returns to help us make a trade decision. For example, suppose you find that Workhorse 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 |
Workhorse 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 Workhorse stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Workhorse stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Workhorse stock over time.
Current vs Lagged Prices |
| Timeline |
Workhorse Lagged Returns
When evaluating Workhorse's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Workhorse stock have on its future price. Workhorse 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, Workhorse autocorrelation shows the relationship between Workhorse stock current value and its past values and can show if there is a momentum factor associated with investing in Workhorse Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Workhorse Stock Analysis
When running Workhorse's price analysis, check to measure Workhorse'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 Workhorse is operating at the current time. Most of Workhorse's value examination focuses on studying past and present price action to predict the probability of Workhorse's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Workhorse's price. Additionally, you may evaluate how the addition of Workhorse to your portfolios can decrease your overall portfolio volatility.