Wabash National Stock Statistic Functions Pearson Correlation Coefficient

WNC Stock  USD 19.31  0.40  2.12%   
Wabash National statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against Wabash National. Wabash National value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Pearson Correlation Coefficient function function is designed to identify and follow existing trends. Wabash National statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

Function
Time Period
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The output start index for this execution was eleven with a total number of output elements of fifty. The Pearsons Correlation Coefficient is one of the most common measures of correlation in financial statistics. It shows the linear relationship between price series of Wabash National and its benchmark or peer.

Wabash National Technical Analysis Modules

Most technical analysis of Wabash National 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 Wabash from various momentum indicators to cycle indicators. When you analyze Wabash charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Wabash National Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Wabash National. We use our internally-developed statistical techniques to arrive at the intrinsic value of Wabash National based on widely used predictive technical indicators. In general, we focus on analyzing Wabash Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Wabash National's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Wabash National's intrinsic value. In addition to deriving basic predictive indicators for Wabash National, we also check how macroeconomic factors affect Wabash National price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2022 2023 (projected)
Dividend Yield0.01460.0132
Price To Sales Ratio0.440.47
Hype
Prediction
LowEstimatedHigh
17.3419.3421.34
Details
Intrinsic
Valuation
LowRealHigh
17.3822.6224.62
Details
Naive
Forecast
LowNextHigh
16.3018.3020.30
Details
2 Analysts
Consensus
LowTargetHigh
23.9626.3329.23
Details

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Correlation Analysis

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When determining whether Wabash National offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Wabash National'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 Wabash National Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wabash National Stock:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wabash National. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Wabash Stock refer to our How to Trade Wabash Stock guide.
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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.