Steelcase Stock Market Value
| SCS Stock | USD 13.01 0.07 0.54% |
| Symbol | Steelcase |
Steelcase Price To Book Ratio
Is Commercial Services & Supplies 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 Steelcase. If investors know Steelcase 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 Steelcase 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 1.304 | Dividend Share 0.4 | Earnings Share 1.06 | Revenue Per Share 27.462 | Quarterly Revenue Growth 0.001 |
The market value of Steelcase is measured differently than its book value, which is the value of Steelcase that is recorded on the company's balance sheet. Investors also form their own opinion of Steelcase's value that differs from its market value or its book value, called intrinsic value, which is Steelcase'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 Steelcase's market value can be influenced by many factors that don't directly affect Steelcase'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 Steelcase's value and its price as these two are different measures arrived at by different means. Investors typically determine if Steelcase is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steelcase'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.
Steelcase '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 Steelcase'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 Steelcase.
| 12/25/2022 |
| 12/14/2024 |
If you would invest 0.00 in Steelcase on December 25, 2022 and sell it all today you would earn a total of 0.00 from holding Steelcase or generate 0.0% return on investment in Steelcase over 720 days. Steelcase is related to or competes with Ennis, Acco Brands, Acacia Research, and HNI Corp. Steelcase Inc. provides a portfolio of furniture and architectural products in the United States and internationally More
Steelcase 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 Steelcase'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 Steelcase upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 9.82 | |||
| Value At Risk | (3.02) | |||
| Potential Upside | 2.85 |
Steelcase Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Steelcase's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steelcase's standard deviation. In reality, there are many statistical measures that can use Steelcase historical prices to predict the future Steelcase's volatility.| Risk Adjusted Performance | 6.0E-4 | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Steelcase'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.
Steelcase Backtested Returns
Steelcase owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0397, which indicates the firm had a -0.0397% return per unit of risk over the last 3 months. Steelcase exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Steelcase's Coefficient Of Variation of (12,671), variance of 3.86, and Risk Adjusted Performance of 6.0E-4 to confirm the risk estimate we provide. The entity has a beta of 1.41, which indicates 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, Steelcase will likely underperform. At this point, Steelcase has a negative expected return of -0.0777%. Please make sure to validate Steelcase's treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if Steelcase performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
Steelcase has poor predictability. Overlapping area represents the amount of predictability between Steelcase time series from 25th of December 2022 to 20th of December 2023 and 20th of December 2023 to 14th 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 Steelcase price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Steelcase price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Steelcase lagged returns against current returns
Autocorrelation, which is Steelcase 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 Steelcase's stock expected returns. We can calculate the autocorrelation of Steelcase returns to help us make a trade decision. For example, suppose you find that Steelcase 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 |
Steelcase 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 Steelcase stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steelcase stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Steelcase stock over time.
Current vs Lagged Prices |
| Timeline |
Steelcase Lagged Returns
When evaluating Steelcase's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Steelcase stock have on its future price. Steelcase 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, Steelcase autocorrelation shows the relationship between Steelcase stock current value and its past values and can show if there is a momentum factor associated with investing in Steelcase.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Steelcase Stock Analysis
When running Steelcase's price analysis, check to measure Steelcase'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 Steelcase is operating at the current time. Most of Steelcase's value examination focuses on studying past and present price action to predict the probability of Steelcase's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steelcase's price. Additionally, you may evaluate how the addition of Steelcase to your portfolios can decrease your overall portfolio volatility.