Werner Enterprises Stock Market Value
| WERN Stock | USD 39.30 0.33 0.85% |
| Symbol | Werner |
Werner Enterprises Price To Book Ratio
Is Cargo Ground Transportation 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 Werner Enterprises. If investors know Werner 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 Werner Enterprises 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 (0.71) | Dividend Share 0.56 | Earnings Share 0.73 | Revenue Per Share 49.286 | Quarterly Revenue Growth (0.09) |
The market value of Werner Enterprises is measured differently than its book value, which is the value of Werner that is recorded on the company's balance sheet. Investors also form their own opinion of Werner Enterprises' value that differs from its market value or its book value, called intrinsic value, which is Werner Enterprises' 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 Werner Enterprises' market value can be influenced by many factors that don't directly affect Werner Enterprises' 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 Werner Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if Werner Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Werner Enterprises' 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.
Werner Enterprises '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 Werner Enterprises' 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 Werner Enterprises.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Werner Enterprises on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Werner Enterprises or generate 0.0% return on investment in Werner Enterprises over 180 days. Werner Enterprises is related to or competes with Heartland Express, Universal Logistics, Schneider National, Marten Transport, Covenant Logistics, and Knight Transportation. Werner Enterprises, Inc., a transportation and logistics company, engages in transporting truckload shipments of general... More
Werner Enterprises 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 Werner Enterprises' 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 Werner Enterprises upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.47 | |||
| Information Ratio | (0.0004) | |||
| Maximum Drawdown | 10.67 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 2.8 |
Werner Enterprises Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Werner Enterprises' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Werner Enterprises' standard deviation. In reality, there are many statistical measures that can use Werner Enterprises historical prices to predict the future Werner Enterprises' volatility.| Risk Adjusted Performance | 0.0454 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.0005) | |||
| Treynor Ratio | 0.0601 |
Werner Enterprises Backtested Returns
As of now, Werner Stock is very steady. Werner Enterprises shows Sharpe Ratio of 0.057, which attests that the company had a 0.057% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Werner Enterprises, which you can use to evaluate the volatility of the company. Please check out Werner Enterprises' Market Risk Adjusted Performance of 0.0701, downside deviation of 1.47, and Mean Deviation of 1.33 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. Werner Enterprises has a performance score of 4 on a scale of 0 to 100. The firm maintains a market beta of 1.41, 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, Werner Enterprises will likely underperform. Werner Enterprises right now maintains a risk of 1.82%. Please check out Werner Enterprises downside variance, as well as the relationship between the accumulation distribution and price action indicator , to decide if Werner Enterprises will be following its historical returns.
Auto-correlation | 0.19 |
Very weak predictability
Werner Enterprises has very weak predictability. Overlapping area represents the amount of predictability between Werner Enterprises time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 Werner Enterprises price movement. The serial correlation of 0.19 indicates that over 19.0% of current Werner Enterprises price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 2.1 |
Werner Enterprises lagged returns against current returns
Autocorrelation, which is Werner Enterprises 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 Werner Enterprises' stock expected returns. We can calculate the autocorrelation of Werner Enterprises returns to help us make a trade decision. For example, suppose you find that Werner Enterprises 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 |
Werner Enterprises 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 Werner Enterprises stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Werner Enterprises stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Werner Enterprises stock over time.
Current vs Lagged Prices |
| Timeline |
Werner Enterprises Lagged Returns
When evaluating Werner Enterprises' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Werner Enterprises stock have on its future price. Werner Enterprises 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, Werner Enterprises autocorrelation shows the relationship between Werner Enterprises stock current value and its past values and can show if there is a momentum factor associated with investing in Werner Enterprises.
Regressed Prices |
| Timeline |
Pair Trading with Werner Enterprises
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Werner Enterprises position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Werner Enterprises will appreciate offsetting losses from the drop in the long position's value.Moving together with Werner Stock
| 0.71 | AAL | American Airlines Fiscal Year End 23rd of January 2025 | PairCorr |
Moving against Werner Stock
| 0.61 | MESA | Mesa Air Group Fiscal Year End 24th of January 2025 | PairCorr |
| 0.57 | CP | Canadian Pacific Railway | PairCorr |
| 0.49 | FLYX | flyExclusive, | PairCorr |
The ability to find closely correlated positions to Werner Enterprises could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Werner Enterprises when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Werner Enterprises - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Werner Enterprises to buy it.
The correlation of Werner Enterprises is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Werner Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Werner Enterprises moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Werner Enterprises can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Werner Enterprises Correlation, Werner Enterprises Volatility and Werner Enterprises Alpha and Beta module to complement your research on Werner Enterprises. To learn how to invest in Werner Stock, please use our How to Invest in Werner Enterprises guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Werner Enterprises 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.