Worthington Industries Stock Forecast - Accumulation Distribution
| WOR Stock | USD 57.96 0.80 1.40% |
Worthington Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Worthington Industries stock prices and determine the direction of Worthington Industries's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Worthington Industries' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Worthington Industries' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Worthington Industries' systematic risk associated with finding meaningful patterns of Worthington Industries fundamentals over time.
Check out Historical Fundamental Analysis of Worthington Industries to cross-verify your projections. Worthington |
Open Interest Against 2024-05-17 Worthington Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Worthington Industries' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Worthington Industries' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Worthington Industries stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Worthington Industries' open interest, investors have to compare it to Worthington Industries' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Worthington Industries is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Worthington. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Worthington Industries cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Worthington Industries' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Worthington Industries' price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Worthington Industries is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Worthington Industries to determine if accumulation or reduction is taking place in the market. This value is adjusted by Worthington Industries trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 4657.72 | 7572.32 |
| Check Worthington Industries Volatility | Backtest Worthington Industries | Information Ratio |
Worthington Industries Trading Date Momentum
| On May 01 2024 Worthington Industries was traded for 57.96 at the closing time. Highest Worthington Industries's price during the trading hours was 58.58 and the lowest price during the day was 56.83 . The net volume was 253.5 K. The overall trading history on the 1st of May had no short-term effect on price fluctuation. The trading price change to current price is 1.16% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Worthington Industries to competition |
Other Forecasting Options for Worthington Industries
For every potential investor in Worthington, whether a beginner or expert, Worthington Industries' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Worthington Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Worthington. Basic forecasting techniques help filter out the noise by identifying Worthington Industries' price trends.Worthington Industries Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Worthington Industries stock to make a market-neutral strategy. Peer analysis of Worthington Industries could also be used in its relative valuation, which is a method of valuing Worthington Industries by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Worthington Industries Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Worthington Industries' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Worthington Industries' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Worthington Industries Market Strength Events
Market strength indicators help investors to evaluate how Worthington Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Worthington Industries shares will generate the highest return on investment. By undertsting and applying Worthington Industries stock market strength indicators, traders can identify Worthington Industries entry and exit signals to maximize returns.
| Accumulation Distribution | 7572.32 | |||
| Daily Balance Of Power | 0.4571 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 57.71 | |||
| Day Typical Price | 57.79 | |||
| Price Action Indicator | 0.66 | |||
| Period Momentum Indicator | 0.8 |
Worthington Industries Risk Indicators
The analysis of Worthington Industries' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Worthington Industries' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting worthington stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.62 | |||
| Semi Deviation | 1.95 | |||
| Standard Deviation | 2.22 | |||
| Variance | 4.94 | |||
| Downside Variance | 4.11 | |||
| Semi Variance | 3.82 | |||
| Expected Short fall | (1.77) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Worthington Industries Investors Sentiment
The influence of Worthington Industries' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Worthington. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Worthington Industries' public news can be used to forecast risks associated with an investment in Worthington. The trend in average sentiment can be used to explain how an investor holding Worthington can time the market purely based on public headlines and social activities around Worthington Industries. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Worthington Industries' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Worthington Industries' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Worthington Industries' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Worthington Industries.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Worthington Industries in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Worthington Industries' short interest history, or implied volatility extrapolated from Worthington Industries options trading.
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.| MSFT | Microsoft | |
| CRM | Salesforce | |
| GOOG | Alphabet Inc Class C |
Check out Historical Fundamental Analysis of Worthington Industries to cross-verify your projections. To learn how to invest in Worthington Stock, please use our How to Invest in Worthington Industries guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Worthington Stock analysis
When running Worthington Industries' price analysis, check to measure Worthington Industries' 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 Worthington Industries is operating at the current time. Most of Worthington Industries' value examination focuses on studying past and present price action to predict the probability of Worthington Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worthington Industries' price. Additionally, you may evaluate how the addition of Worthington Industries to your portfolios can decrease your overall portfolio volatility.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities |
Is Worthington Industries' industry 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 Worthington Industries. If investors know Worthington 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 Worthington Industries 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 (0.53) | Dividend Share 1.11 | Earnings Share 4.99 | Revenue Per Share 97.839 | Quarterly Revenue Growth (0.09) |
The market value of Worthington Industries is measured differently than its book value, which is the value of Worthington that is recorded on the company's balance sheet. Investors also form their own opinion of Worthington Industries' value that differs from its market value or its book value, called intrinsic value, which is Worthington Industries' 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 Worthington Industries' market value can be influenced by many factors that don't directly affect Worthington Industries' 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 Worthington Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Worthington Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Worthington Industries' 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.