Wolfspeed Stock Market Value
| WOLF Stock | USD 29.41 2.24 8.24% |
| Symbol | Wolfspeed |
Wolfspeed Price To Book Ratio
Is Semiconductors & Semiconductor 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 Wolfspeed. If investors know Wolfspeed 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 Wolfspeed listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.47) | Revenue Per Share 7.762 | Quarterly Revenue Growth 0.042 | Return On Assets (0.03) | Return On Equity (0.41) |
The market value of Wolfspeed is measured differently than its book value, which is the value of Wolfspeed that is recorded on the company's balance sheet. Investors also form their own opinion of Wolfspeed's value that differs from its market value or its book value, called intrinsic value, which is Wolfspeed'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 Wolfspeed's market value can be influenced by many factors that don't directly affect Wolfspeed'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 Wolfspeed's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wolfspeed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wolfspeed'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.
Wolfspeed '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 Wolfspeed'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 Wolfspeed.
| 04/06/2024 |
| 06/05/2024 |
If you would invest 0.00 in Wolfspeed on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Wolfspeed or generate 0.0% return on investment in Wolfspeed over 60 days. Wolfspeed is related to or competes with NXP Semiconductors, Analog Devices, Microchip Technology, Monolithic Power, ON Semiconductor, Lattice Semiconductor, and GSI Technology. Wolfspeed, Inc. operates as a powerhouse semiconductor company focuses on silicon carbide and gallium nitride technologi... More
Wolfspeed 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 Wolfspeed'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 Wolfspeed upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.8 | |||
| Information Ratio | 0.0029 | |||
| Maximum Drawdown | 20.01 | |||
| Value At Risk | (6.52) | |||
| Potential Upside | 7.68 |
Wolfspeed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wolfspeed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wolfspeed's standard deviation. In reality, there are many statistical measures that can use Wolfspeed historical prices to predict the future Wolfspeed's volatility.| Risk Adjusted Performance | 0.0131 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0027 | |||
| Treynor Ratio | 0.008 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wolfspeed's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Wolfspeed Backtested Returns
We consider Wolfspeed not too volatile. Wolfspeed shows Sharpe Ratio of 0.0273, which attests that the company had a 0.0273% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Wolfspeed, which you can use to evaluate the volatility of the company. Please check out Wolfspeed's Downside Deviation of 4.8, mean deviation of 3.69, and Market Risk Adjusted Performance of 0.018 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. Wolfspeed has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of 2.8, 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, Wolfspeed will likely underperform. Wolfspeed right now maintains a risk of 4.63%. Please check out Wolfspeed treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to decide if Wolfspeed will be following its historical returns.
Auto-correlation | -0.26 |
Weak reverse predictability
Wolfspeed has weak reverse predictability. Overlapping area represents the amount of predictability between Wolfspeed time series from 6th of April 2024 to 6th of May 2024 and 6th of May 2024 to 5th of June 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 Wolfspeed price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Wolfspeed price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 1.12 |
Wolfspeed lagged returns against current returns
Autocorrelation, which is Wolfspeed 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 Wolfspeed's stock expected returns. We can calculate the autocorrelation of Wolfspeed returns to help us make a trade decision. For example, suppose you find that Wolfspeed 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 |
Wolfspeed 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 Wolfspeed stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wolfspeed stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wolfspeed stock over time.
Current vs Lagged Prices |
| Timeline |
Wolfspeed Lagged Returns
When evaluating Wolfspeed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wolfspeed stock have on its future price. Wolfspeed 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, Wolfspeed autocorrelation shows the relationship between Wolfspeed stock current value and its past values and can show if there is a momentum factor associated with investing in Wolfspeed.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Wolfspeed Stock
When determining whether Wolfspeed is a strong investment it is important to analyze Wolfspeed's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Wolfspeed's future performance. For an informed investment choice regarding Wolfspeed Stock, refer to the following important reports:Check out Wolfspeed Correlation, Wolfspeed Volatility and Wolfspeed Alpha and Beta module to complement your research on Wolfspeed. For more detail on how to invest in Wolfspeed Stock please use our How to Invest in Wolfspeed guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Wolfspeed 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.