Step One (Australia) Market Value
| STP Stock | 1.40 0.05 3.45% |
| Symbol | Step |
Step One '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 Step One'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 Step One.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Step One on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Step One Clothing or generate 0.0% return on investment in Step One over 30 days. Step One is related to or competes with Global Health, EMvision Medical, Healthco Healthcare, Platinum Asset, and Apiam Animal. Step One is entity of Australia. It is traded as Stock on AU exchange. More
Step One 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 Step One'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 Step One Clothing upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 13.75 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 4.17 |
Step One Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Step One's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Step One's standard deviation. In reality, there are many statistical measures that can use Step One historical prices to predict the future Step One's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (0.63) |
Step One Clothing Backtested Returns
Step One Clothing owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0843, which indicates the firm had a -0.0843% return per unit of risk over the last 3 months. Step One Clothing exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Step One's Variance of 7.89, risk adjusted performance of (0.06), and Coefficient Of Variation of (1,104) to confirm the risk estimate we provide. The entity has a beta of 0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Step One's returns are expected to increase less than the market. However, during the bear market, the loss of holding Step One is expected to be smaller as well. At this point, Step One Clothing has a negative expected return of -0.24%. Please make sure to validate Step One's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Step One Clothing performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.54 |
Good reverse predictability
Step One Clothing has good reverse predictability. Overlapping area represents the amount of predictability between Step One time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 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 Step One Clothing price movement. The serial correlation of -0.54 indicates that about 54.0% of current Step One price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Step One Clothing lagged returns against current returns
Autocorrelation, which is Step One 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 Step One's stock expected returns. We can calculate the autocorrelation of Step One returns to help us make a trade decision. For example, suppose you find that Step One 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 |
Step One 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 Step One stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Step One stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Step One stock over time.
Current vs Lagged Prices |
| Timeline |
Step One Lagged Returns
When evaluating Step One's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Step One stock have on its future price. Step One 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, Step One autocorrelation shows the relationship between Step One stock current value and its past values and can show if there is a momentum factor associated with investing in Step One Clothing.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Step Stock Analysis
When running Step One's price analysis, check to measure Step One'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 Step One is operating at the current time. Most of Step One's value examination focuses on studying past and present price action to predict the probability of Step One's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Step One's price. Additionally, you may evaluate how the addition of Step One to your portfolios can decrease your overall portfolio volatility.