Worthington Steel Stock Market Value
| WS Stock | 44.45 0.68 1.55% |
| Symbol | Worthington |
Worthington Steel 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 Worthington Steel. If investors know Worthington 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 Worthington Steel 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 (0.53) | Dividend Share 0.48 | Earnings Share 2.52 | Revenue Per Share 68.095 | Quarterly Revenue Growth (0.08) |
The market value of Worthington Steel is measured differently than its book value, which is the value of Worthington that is recorded on the company's balance sheet. Investors also form their own opinion of Worthington Steel's value that differs from its market value or its book value, called intrinsic value, which is Worthington Steel'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 Worthington Steel's market value can be influenced by many factors that don't directly affect Worthington Steel'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 Worthington Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Worthington Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Worthington Steel'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.
Worthington Steel '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 Worthington Steel'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 Worthington Steel.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Worthington Steel on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Worthington Steel or generate 0.0% return on investment in Worthington Steel over 30 days. Worthington Steel is related to or competes with Allient, Trupanion, GoHealth, Senmiao Technology, Old Republic, Direct Line, and Hanover Insurance. Worthington Steel is entity of United States More
Worthington Steel 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 Worthington Steel'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 Worthington Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.88 | |||
| Information Ratio | 0.1488 | |||
| Maximum Drawdown | 18.06 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 3.98 |
Worthington Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Worthington Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Worthington Steel's standard deviation. In reality, there are many statistical measures that can use Worthington Steel historical prices to predict the future Worthington Steel's volatility.| Risk Adjusted Performance | 0.1434 | |||
| Jensen Alpha | 0.5749 | |||
| Total Risk Alpha | 0.0838 | |||
| Sortino Ratio | 0.1654 | |||
| Treynor Ratio | 4.47 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Worthington Steel'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.
Worthington Steel Backtested Returns
Worthington Steel appears to be very steady, given 3 months investment horizon. Worthington Steel shows Sharpe Ratio of 0.18, which attests that the company had a 0.18% return per unit of risk over the last 3 months. By examining Worthington Steel's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please utilize Worthington Steel's Market Risk Adjusted Performance of 4.48, downside deviation of 2.88, and Mean Deviation of 2.18 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Worthington Steel holds a performance score of 14. The firm maintains a market beta of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Worthington Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Worthington Steel is expected to be smaller as well. Please check Worthington Steel's value at risk, kurtosis, market facilitation index, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether Worthington Steel's historical returns will revert.
Auto-correlation | -0.37 |
Poor reverse predictability
Worthington Steel has poor reverse predictability. Overlapping area represents the amount of predictability between Worthington Steel time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Worthington Steel price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Worthington Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Worthington Steel lagged returns against current returns
Autocorrelation, which is Worthington Steel 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 Worthington Steel's stock expected returns. We can calculate the autocorrelation of Worthington Steel returns to help us make a trade decision. For example, suppose you find that Worthington Steel 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 |
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Worthington Steel 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 Worthington Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Worthington Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Worthington Steel stock over time.
Current vs Lagged Prices |
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Worthington Steel Lagged Returns
When evaluating Worthington Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Worthington Steel stock have on its future price. Worthington Steel 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, Worthington Steel autocorrelation shows the relationship between Worthington Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Worthington Steel.
Regressed Prices |
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Additional Tools for Worthington Stock Analysis
When running Worthington Steel's price analysis, check to measure Worthington Steel'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 Worthington Steel is operating at the current time. Most of Worthington Steel's value examination focuses on studying past and present price action to predict the probability of Worthington Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worthington Steel's price. Additionally, you may evaluate how the addition of Worthington Steel to your portfolios can decrease your overall portfolio volatility.