Steel Dynamics (Mexico) Market Value
| STLD Stock | MXN 3,031 0.00 0.00% |
| Symbol | Steel |
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.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Steel Dynamics on November 19, 2023 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 390 days. Steel Dynamics is related to or competes with United States, Companhia Siderrgica, Select Sector, Promotora, IShares Global, and SPDR Series. 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.
| Information Ratio | 0.0857 | |||
| Maximum Drawdown | 45.01 |
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 | 0.0854 | |||
| Jensen Alpha | 0.6056 | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (2.53) |
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 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. By inspecting Steel Dynamics' technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please review Steel Dynamics' Risk Adjusted Performance of 0.0854, coefficient of variation of 946.92, and Variance of 31.44 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 10. The entity has a beta of -0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Steel Dynamics are expected to decrease at a much lower rate. During the bear market, Steel Dynamics is likely to outperform the market. Please check Steel Dynamics' information ratio, maximum drawdown, and the relationship between the variance and treynor ratio , to make a quick decision on whether Steel Dynamics' existing price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Steel Dynamics has poor predictability. Overlapping area represents the amount of predictability between Steel Dynamics time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 0.27 indicates that nearly 27.0% of current Steel Dynamics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 105.9 K |
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 |
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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 Steel Stock Analysis
When running Steel Dynamics' price analysis, check to measure Steel Dynamics' 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 Steel Dynamics is operating at the current time. Most of Steel Dynamics' value examination focuses on studying past and present price action to predict the probability of Steel Dynamics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steel Dynamics' price. Additionally, you may evaluate how the addition of Steel Dynamics to your portfolios can decrease your overall portfolio volatility.