Steel Dynamics Stock Market Value
| STLD Stock | USD 144.81 0.46 0.32% |
| Symbol | Steel |
Steel Dynamics Price To Book Ratio
Is Metals & Mining 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 Steel Dynamics. If investors know Steel 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 Steel Dynamics 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 (0.41) | Dividend Share 1.805 | Earnings Share 11.11 | Revenue Per Share 113.479 | Quarterly Revenue Growth (0.05) |
The market value of Steel Dynamics is measured differently than its book value, which is the value of Steel that is recorded on the company's balance sheet. Investors also form their own opinion of Steel Dynamics' value that differs from its market value or its book value, called intrinsic value, which is Steel Dynamics' 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 Steel Dynamics' market value can be influenced by many factors that don't directly affect Steel Dynamics' 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 Steel Dynamics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Steel Dynamics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steel Dynamics' 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.
Steel Dynamics '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 Steel Dynamics' 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 Steel Dynamics.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Steel Dynamics on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Steel Dynamics or generate 0.0% return on investment in Steel Dynamics over 720 days. Steel Dynamics is related to or competes with Cleveland Cliffs, United States, ArcelorMittal, Reliance Steel, Nucor Corp, Gerdau SA, and Olympic Steel. Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United Stat... More
Steel Dynamics 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 Steel Dynamics' 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 Steel Dynamics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.8 | |||
| Information Ratio | 0.0848 | |||
| Maximum Drawdown | 17.89 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 4.0 |
Steel Dynamics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Steel Dynamics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steel Dynamics' standard deviation. In reality, there are many statistical measures that can use Steel Dynamics historical prices to predict the future Steel Dynamics' volatility.| Risk Adjusted Performance | 0.1137 | |||
| Jensen Alpha | 0.0535 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.118 | |||
| Treynor Ratio | 0.1514 |
Steel Dynamics Backtested Returns
Steel Dynamics appears to be very steady, given 3 months investment horizon. Steel Dynamics owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Steel Dynamics, which you can use to evaluate the volatility of the company. Please review Steel Dynamics' Risk Adjusted Performance of 0.1137, semi deviation of 1.61, and Coefficient Of Variation of 716.44 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Steel Dynamics holds a performance score of 13. The entity has a beta of 2.25, 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, Steel Dynamics will likely underperform. Please check Steel Dynamics' jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Steel Dynamics' existing price patterns will revert.
Auto-correlation | 0.07 |
Virtually no predictability
Steel Dynamics has virtually no predictability. Overlapping area represents the amount of predictability between Steel Dynamics time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Steel Dynamics price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Steel Dynamics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 99.29 |
Steel Dynamics lagged returns against current returns
Autocorrelation, which is Steel Dynamics 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 Steel Dynamics' stock expected returns. We can calculate the autocorrelation of Steel Dynamics returns to help us make a trade decision. For example, suppose you find that Steel Dynamics 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 |
Steel Dynamics 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 Steel Dynamics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steel Dynamics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Steel Dynamics stock over time.
Current vs Lagged Prices |
| Timeline |
Steel Dynamics Lagged Returns
When evaluating Steel Dynamics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Steel Dynamics stock have on its future price. Steel Dynamics 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, Steel Dynamics autocorrelation shows the relationship between Steel Dynamics stock current value and its past values and can show if there is a momentum factor associated with investing in Steel Dynamics.
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 Steel Dynamics is a strong investment it is important to analyze Steel Dynamics' 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 Steel Dynamics' future performance. For an informed investment choice regarding Steel Stock, refer to the following important reports:Check out Steel Dynamics Correlation, Steel Dynamics Volatility and Steel Dynamics Alpha and Beta module to complement your research on Steel Dynamics. For information on how to trade Steel Stock refer to our How to Trade Steel Stock guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Steel Dynamics 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.