Workhorse Group Stock Statistic Functions Beta

WKHS Stock  USD 1.15  0.05  4.55%   
Workhorse statistic functions tool provides the execution environment for running the Beta function and other technical functions against Workhorse. Workhorse 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 Beta function function is designed to identify and follow existing trends. Workhorse 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.

Execute Function
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Workhorse Group correlated with the market. If Beta is less than 0 Workhorse generally moves in the opposite direction as compared to the market. If Workhorse Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Workhorse Group is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Workhorse is generally in the same direction as the market. If Beta > 1 Workhorse moves generally in the same direction as, but more than the movement of the benchmark.

Workhorse Technical Analysis Modules

Most technical analysis of Workhorse 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 Workhorse from various momentum indicators to cycle indicators. When you analyze Workhorse 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 Workhorse 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 Workhorse Group. We use our internally-developed statistical techniques to arrive at the intrinsic value of Workhorse Group based on widely used predictive technical indicators. In general, we focus on analyzing Workhorse Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Workhorse'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 Workhorse's intrinsic value. In addition to deriving basic predictive indicators for Workhorse, we also check how macroeconomic factors affect Workhorse price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2021 2023 2024 (projected)
Payables Turnover16.883.082.66
Days Of Inventory On Hand27.73432.17253.89
Hype
Prediction
LowEstimatedHigh
0.050.9311.15
Details
Intrinsic
Valuation
LowRealHigh
0.071.3711.59
Details
Naive
Forecast
LowNextHigh
0.021.0011.23
Details
4 Analysts
Consensus
LowTargetHigh
2.122.332.59
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Workhorse. Your research has to be compared to or analyzed against Workhorse's peers to derive any actionable benefits. When done correctly, Workhorse's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Workhorse Group.

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As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.

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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.