Olympic Steel Stock Market Value
| ZEUS Stock | USD 42.31 0.80 1.93% |
| Symbol | Olympic |
Olympic 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 Olympic Steel. If investors know Olympic 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 Olympic 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 (0.78) | Dividend Share 0.575 | Earnings Share 2.23 | Revenue Per Share 172.703 | Quarterly Revenue Growth (0.11) |
The market value of Olympic Steel is measured differently than its book value, which is the value of Olympic that is recorded on the company's balance sheet. Investors also form their own opinion of Olympic Steel's value that differs from its market value or its book value, called intrinsic value, which is Olympic 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 Olympic Steel's market value can be influenced by many factors that don't directly affect Olympic 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 Olympic Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Olympic Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Olympic 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.
Olympic 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 Olympic 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 Olympic Steel.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Olympic Steel on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Olympic Steel or generate 0.0% return on investment in Olympic Steel over 720 days. Olympic Steel is related to or competes with Universal Stainless, Outokumpu Oyj, Usinas Siderurgicas, POSCO Holdings, Steel Dynamics, Commercial Metals, and Nucor Corp. Olympic Steel, Inc. processes, distributes, and storage metal products in the United States and internationally More
Olympic 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 Olympic 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 Olympic Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 14.9 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 4.04 |
Olympic Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Olympic Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Olympic Steel's standard deviation. In reality, there are many statistical measures that can use Olympic Steel historical prices to predict the future Olympic Steel's volatility.| Risk Adjusted Performance | 0.023 | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0217 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Olympic 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.
Olympic Steel Backtested Returns
Currently, Olympic Steel is very steady. Olympic Steel maintains Sharpe Ratio (i.e., Efficiency) of 0.0434, which implies the firm had a 0.0434% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Olympic Steel, which you can use to evaluate the volatility of the company. Please check Olympic Steel's Semi Deviation of 2.64, risk adjusted performance of 0.023, and Coefficient Of Variation of 4887.06 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Olympic Steel has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 2.23, which implies 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, Olympic Steel will likely underperform. Olympic Steel right now holds a risk of 2.92%. Please check Olympic Steel value at risk, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Olympic Steel will be following its historical price patterns.
Auto-correlation | -0.39 |
Poor reverse predictability
Olympic Steel has poor reverse predictability. Overlapping area represents the amount of predictability between Olympic Steel time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 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 Olympic Steel price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Olympic Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 145.02 |
Olympic Steel lagged returns against current returns
Autocorrelation, which is Olympic 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 Olympic Steel's stock expected returns. We can calculate the autocorrelation of Olympic Steel returns to help us make a trade decision. For example, suppose you find that Olympic 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 |
| Timeline |
Olympic 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 Olympic Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Olympic Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Olympic Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Olympic Steel Lagged Returns
When evaluating Olympic Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Olympic Steel stock have on its future price. Olympic 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, Olympic Steel autocorrelation shows the relationship between Olympic Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Olympic Steel.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Olympic Stock Analysis
When running Olympic Steel's price analysis, check to measure Olympic 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 Olympic Steel is operating at the current time. Most of Olympic Steel's value examination focuses on studying past and present price action to predict the probability of Olympic 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 Olympic Steel's price. Additionally, you may evaluate how the addition of Olympic Steel to your portfolios can decrease your overall portfolio volatility.