Northwest Pipe Stock Market Value
| NWPX Stock | USD 55.95 0.06 0.11% |
| Symbol | Northwest |
Northwest Pipe Price To Book Ratio
Is Construction & Engineering 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 Northwest Pipe. If investors know Northwest 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 Northwest Pipe 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 0.759 | Earnings Share 2.96 | Revenue Per Share 48.607 | Quarterly Revenue Growth 0.097 | Return On Assets 0.0481 |
The market value of Northwest Pipe is measured differently than its book value, which is the value of Northwest that is recorded on the company's balance sheet. Investors also form their own opinion of Northwest Pipe's value that differs from its market value or its book value, called intrinsic value, which is Northwest Pipe'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 Northwest Pipe's market value can be influenced by many factors that don't directly affect Northwest Pipe'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 Northwest Pipe's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northwest Pipe is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northwest Pipe'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.
Northwest Pipe '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 Northwest Pipe'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 Northwest Pipe.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Northwest Pipe on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Northwest Pipe or generate 0.0% return on investment in Northwest Pipe over 30 days. Northwest Pipe is related to or competes with Insteel Industries, Carpenter Technology, ESAB Corp, Gulf Island, Haynes International, Mayville Engineering, and Ryerson Holding. Northwest Pipe Company, together with its subsidiaries, manufactures and supplies water related infrastructure products ... More
Northwest Pipe 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 Northwest Pipe'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 Northwest Pipe upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | 0.1012 | |||
| Maximum Drawdown | 12.92 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 3.47 |
Northwest Pipe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Northwest Pipe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Northwest Pipe's standard deviation. In reality, there are many statistical measures that can use Northwest Pipe historical prices to predict the future Northwest Pipe's volatility.| Risk Adjusted Performance | 0.1257 | |||
| Jensen Alpha | 0.2695 | |||
| Total Risk Alpha | 0.001 | |||
| Sortino Ratio | 0.1659 | |||
| Treynor Ratio | 0.5019 |
Northwest Pipe Backtested Returns
Northwest Pipe appears to be very steady, given 3 months investment horizon. Northwest Pipe has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Northwest Pipe, which you can use to evaluate the volatility of the firm. Please exercise Northwest Pipe's Downside Deviation of 1.41, mean deviation of 1.64, and Risk Adjusted Performance of 0.1257 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Northwest Pipe holds a performance score of 14. The company secures a Beta (Market Risk) of 0.7, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Northwest Pipe's returns are expected to increase less than the market. However, during the bear market, the loss of holding Northwest Pipe is expected to be smaller as well. Please check Northwest Pipe's downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether Northwest Pipe's current price movements will revert.
Auto-correlation | 0.89 |
Very good predictability
Northwest Pipe has very good predictability. Overlapping area represents the amount of predictability between Northwest Pipe time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Northwest Pipe price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Northwest Pipe price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 1.49 |
Northwest Pipe lagged returns against current returns
Autocorrelation, which is Northwest Pipe 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 Northwest Pipe's stock expected returns. We can calculate the autocorrelation of Northwest Pipe returns to help us make a trade decision. For example, suppose you find that Northwest Pipe 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 |
Northwest Pipe 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 Northwest Pipe stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Northwest Pipe stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Northwest Pipe stock over time.
Current vs Lagged Prices |
| Timeline |
Northwest Pipe Lagged Returns
When evaluating Northwest Pipe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Northwest Pipe stock have on its future price. Northwest Pipe 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, Northwest Pipe autocorrelation shows the relationship between Northwest Pipe stock current value and its past values and can show if there is a momentum factor associated with investing in Northwest Pipe.
Regressed Prices |
| Timeline |
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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.Additional Tools for Northwest Stock Analysis
When running Northwest Pipe's price analysis, check to measure Northwest Pipe'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 Northwest Pipe is operating at the current time. Most of Northwest Pipe's value examination focuses on studying past and present price action to predict the probability of Northwest Pipe's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northwest Pipe's price. Additionally, you may evaluate how the addition of Northwest Pipe to your portfolios can decrease your overall portfolio volatility.