Woodward Stock Market Value
| WWD Stock | USD 180.32 1.27 0.71% |
| Symbol | Woodward |
Woodward Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Woodward. If investors know Woodward 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 Woodward 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 0.19 | Earnings Share 6 | Revenue Per Share 53.895 | Quarterly Revenue Growth 0.059 | Return On Assets 0.0691 |
The market value of Woodward is measured differently than its book value, which is the value of Woodward that is recorded on the company's balance sheet. Investors also form their own opinion of Woodward's value that differs from its market value or its book value, called intrinsic value, which is Woodward'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 Woodward's market value can be influenced by many factors that don't directly affect Woodward'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 Woodward's value and its price as these two are different measures arrived at by different means. Investors typically determine if Woodward is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Woodward'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.
Woodward '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 Woodward'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 Woodward.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Woodward on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Woodward or generate 0.0% return on investment in Woodward over 720 days. Woodward is related to or competes with Hexcel, Ducommun Incorporated, Mercury Systems, AAR Corp, Curtiss Wright, Moog, and Moog. Woodward, Inc. designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide More
Woodward 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 Woodward'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 Woodward upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | 0.0085 | |||
| Maximum Drawdown | 8.86 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 2.58 |
Woodward Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Woodward's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Woodward's standard deviation. In reality, there are many statistical measures that can use Woodward historical prices to predict the future Woodward's volatility.| Risk Adjusted Performance | 0.0762 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0079 | |||
| Treynor Ratio | 0.1213 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Woodward'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.
Woodward Backtested Returns
Woodward appears to be very steady, given 3 months investment horizon. Woodward shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Woodward, which you can use to evaluate the volatility of the company. Please utilize Woodward's Market Risk Adjusted Performance of 0.1313, downside deviation of 1.77, and Mean Deviation of 1.23 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Woodward holds a performance score of 10. The firm maintains a market beta of 1.17, 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, Woodward will likely underperform. Please check Woodward's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Woodward's historical returns will revert.
Auto-correlation | 0.61 |
Good predictability
Woodward has good predictability. Overlapping area represents the amount of predictability between Woodward time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Woodward price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Woodward price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 276.95 |
Woodward lagged returns against current returns
Autocorrelation, which is Woodward 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 Woodward's stock expected returns. We can calculate the autocorrelation of Woodward returns to help us make a trade decision. For example, suppose you find that Woodward 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 |
Woodward 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 Woodward stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Woodward stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Woodward stock over time.
Current vs Lagged Prices |
| Timeline |
Woodward Lagged Returns
When evaluating Woodward's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Woodward stock have on its future price. Woodward 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, Woodward autocorrelation shows the relationship between Woodward stock current value and its past values and can show if there is a momentum factor associated with investing in Woodward.
Regressed Prices |
| Timeline |
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.When determining whether Woodward is a strong investment it is important to analyze Woodward'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 Woodward's future performance. For an informed investment choice regarding Woodward Stock, refer to the following important reports:Check out Woodward Correlation, Woodward Volatility and Woodward Alpha and Beta module to complement your research on Woodward. For information on how to trade Woodward Stock refer to our How to Trade Woodward Stock guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Woodward 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.