United States (Mexico) Market Value
| X Stock | MXN 824.10 4.15 0.50% |
| Symbol | United |
United States '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 United States' 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 United States.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in United States on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding United States Steel or generate 0.0% return on investment in United States over 30 days. United States is related to or competes with Ternium SA, Companhia Siderrgica. United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and... More
United States 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 United States' 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 United States Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.58 | |||
| Information Ratio | 0.0318 | |||
| Maximum Drawdown | 20.6 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 5.11 |
United States Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United States' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United States' standard deviation. In reality, there are many statistical measures that can use United States historical prices to predict the future United States' volatility.| Risk Adjusted Performance | 0.0608 | |||
| Jensen Alpha | 0.268 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0256 | |||
| Treynor Ratio | (1.36) |
United States Steel Backtested Returns
United States appears to be very steady, given 3 months investment horizon. United States Steel owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0654, which indicates the firm had a 0.0654% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for United States Steel, which you can use to evaluate the volatility of the company. Please review United States' Semi Deviation of 3.68, risk adjusted performance of 0.0608, and Coefficient Of Variation of 1445.41 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, United States holds a performance score of 5. The entity has a beta of -0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning United States are expected to decrease at a much lower rate. During the bear market, United States is likely to outperform the market. Please check United States' maximum drawdown, as well as the relationship between the skewness and price action indicator , to make a quick decision on whether United States' existing price patterns will revert.
Auto-correlation | 0.28 |
Poor predictability
United States Steel has poor predictability. Overlapping area represents the amount of predictability between United States 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 United States Steel price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current United States price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 587.0 |
United States Steel lagged returns against current returns
Autocorrelation, which is United States 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 United States' stock expected returns. We can calculate the autocorrelation of United States returns to help us make a trade decision. For example, suppose you find that United States 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 |
United States 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 United States stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United States stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United States stock over time.
Current vs Lagged Prices |
| Timeline |
United States Lagged Returns
When evaluating United States' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United States stock have on its future price. United States 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, United States autocorrelation shows the relationship between United States stock current value and its past values and can show if there is a momentum factor associated with investing in United States Steel.
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.Additional Tools for United Stock Analysis
When running United States' price analysis, check to measure United States' 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 United States is operating at the current time. Most of United States' value examination focuses on studying past and present price action to predict the probability of United States' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United States' price. Additionally, you may evaluate how the addition of United States to your portfolios can decrease your overall portfolio volatility.