Correlation
The correlation between WIRE and TSLA is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
WIRE vs. TSLA
Compare and contrast key facts about Encore Wire Corporation (WIRE) and Tesla, Inc. (TSLA).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WIRE or TSLA.
Performance
WIRE vs. TSLA - Performance Comparison
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Key characteristics
Fundamentals
WIRE:
$4.58B
TSLA:
$1.15T
WIRE:
$19.04
TSLA:
$1.70
WIRE:
15.22
TSLA:
203.80
WIRE:
2.09
TSLA:
5.72
WIRE:
1.60
TSLA:
12.06
WIRE:
2.36
TSLA:
15.46
Returns By Period
WIRE
N/A
N/A
N/A
N/A
N/A
N/A
N/A
TSLA
-14.21%
23.51%
0.38%
94.55%
11.08%
44.15%
35.54%
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Risk-Adjusted Performance
WIRE vs. TSLA — Risk-Adjusted Performance Rank
WIRE
TSLA
WIRE vs. TSLA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Encore Wire Corporation (WIRE) and Tesla, Inc. (TSLA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
WIRE vs. TSLA - Dividend Comparison
Neither WIRE nor TSLA has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WIRE Encore Wire Corporation | 0.01% | 0.02% | 0.04% | 0.06% | 0.04% | 0.17% | 0.14% | 0.16% | 0.16% | 0.18% | 0.16% | 0.21% |
TSLA Tesla, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WIRE vs. TSLA - Drawdown Comparison
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Volatility
WIRE vs. TSLA - Volatility Comparison
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Financials
WIRE vs. TSLA - Financials Comparison
This section allows you to compare key financial metrics between Encore Wire Corporation and Tesla, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities