Wd 40 Company Stock Market Value
| WDFC Stock | USD 280.27 6.22 2.17% |
| Symbol | WDFC |
WD 40's Earnings Breakdown by Geography
Is Household Products 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 WD 40. If investors know WDFC 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 WD 40 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 0.016 | Dividend Share 3.52 | Earnings Share 5.11 | Revenue Per Share 43.571 | Quarterly Revenue Growth 0.111 |
The market value of WD 40 Company is measured differently than its book value, which is the value of WDFC that is recorded on the company's balance sheet. Investors also form their own opinion of WD 40's value that differs from its market value or its book value, called intrinsic value, which is WD 40'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 WD 40's market value can be influenced by many factors that don't directly affect WD 40'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 WD 40's value and its price as these two are different measures arrived at by different means. Investors typically determine if WD 40 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WD 40'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.
WD 40 '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 WD 40'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 WD 40.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in WD 40 on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding WD 40 Company or generate 0.0% return on investment in WD 40 over 30 days. WD 40 is related to or competes with Quaker Chemical, Minerals Technologies, Innospec, H B, Cabot, Sensient Technologies, and RPM International. WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the M... More
WD 40 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 WD 40'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 WD 40 Company upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | 0.0561 | |||
| Maximum Drawdown | 7.14 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 2.38 |
WD 40 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WD 40's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WD 40's standard deviation. In reality, there are many statistical measures that can use WD 40 historical prices to predict the future WD 40's volatility.| Risk Adjusted Performance | 0.1179 | |||
| Jensen Alpha | 0.1409 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0526 | |||
| Treynor Ratio | 0.4177 |
WD 40 Company Backtested Returns
At this point, WD 40 is very steady. WD 40 Company retains Efficiency (Sharpe Ratio) of 0.13, which attests that the company had a 0.13% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for WD 40, which you can use to evaluate the volatility of the company. Please check out WD 40's market risk adjusted performance of 0.4277, and Standard Deviation of 1.39 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. WD 40 has a performance score of 10 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WD 40's returns are expected to increase less than the market. However, during the bear market, the loss of holding WD 40 is expected to be smaller as well. WD 40 Company today owns a risk of 1.41%. Please check out WD 40 Company sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to decide if WD 40 Company will be following its current price history.
Auto-correlation | -0.08 |
Very weak reverse predictability
WD 40 Company has very weak reverse predictability. Overlapping area represents the amount of predictability between WD 40 time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 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 WD 40 Company price movement. The serial correlation of -0.08 indicates that barely 8.0% of current WD 40 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 16.87 |
WD 40 Company lagged returns against current returns
Autocorrelation, which is WD 40 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 WD 40's stock expected returns. We can calculate the autocorrelation of WD 40 returns to help us make a trade decision. For example, suppose you find that WD 40 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 |
WD 40 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 WD 40 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WD 40 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WD 40 stock over time.
Current vs Lagged Prices |
| Timeline |
WD 40 Lagged Returns
When evaluating WD 40's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WD 40 stock have on its future price. WD 40 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, WD 40 autocorrelation shows the relationship between WD 40 stock current value and its past values and can show if there is a momentum factor associated with investing in WD 40 Company.
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 WD 40 Company offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WD 40'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 Wd 40 Company Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wd 40 Company Stock:Check out WD 40 Correlation, WD 40 Volatility and WD 40 Alpha and Beta module to complement your research on WD 40. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
WD 40 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.