Steel Total Debt To Capitalization from 2010 to 2024
| STCN Stock | USD 9.90 0.13 1.30% |
Total Debt To Capitalization | First Reported 2010-12-31 | Previous Quarter 0.05119385 | Current Value 0.0486 | Quarterly Volatility 0.29655952 |
Check Steel Connect financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Steel Connect's main balance sheet or income statement drivers, such as Depreciation And Amortization of 5.1 M, Interest Expense of 946.2 K or Total Revenue of 165.4 M, as well as many indicators such as Price To Sales Ratio of 0.44, Dividend Yield of 0.0253 or PTB Ratio of 0.49. Steel financial statements analysis is a perfect complement when working with Steel Connect Valuation or Volatility modules.
Steel | Total Debt To Capitalization |
Latest Steel Connect's Total Debt To Capitalization Growth Pattern
Below is the plot of the Total Debt To Capitalization of Steel Connect over the last few years. It is Steel Connect's Total Debt To Capitalization historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Steel Connect's overall financial position and show how it may be relating to other accounts over time.
| Total Debt To Capitalization | 10 Years Trend |
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Total Debt To Capitalization |
| Timeline |
Steel Total Debt To Capitalization Regression Statistics
| Arithmetic Mean | 0.32 | |
| Geometric Mean | 0.11 | |
| Coefficient Of Variation | 92.24 | |
| Mean Deviation | 0.24 | |
| Median | 0.31 | |
| Standard Deviation | 0.30 | |
| Sample Variance | 0.09 | |
| Range | 0.8236 | |
| R-Value | 0.10 | |
| Mean Square Error | 0.09 | |
| R-Squared | 0.01 | |
| Significance | 0.71 | |
| Slope | 0.01 | |
| Total Sum of Squares | 1.23 |
Steel Total Debt To Capitalization History
About Steel Connect Financial Statements
Steel Connect investors utilize fundamental indicators, such as Total Debt To Capitalization, to predict how Steel Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Total Debt To Capitalization | 0.05 | 0.05 |
Pair Trading with Steel Connect
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Steel Connect position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Steel Connect will appreciate offsetting losses from the drop in the long position's value.Moving against Steel Stock
| 0.79 | NL | NL Industries | PairCorr |
| 0.68 | BR | Broadridge Financial | PairCorr |
| 0.63 | SQ | Block Inc | PairCorr |
| 0.49 | KC | Kingsoft Cloud Holdings Trending | PairCorr |
| 0.47 | WM | Waste Management | PairCorr |
The ability to find closely correlated positions to Steel Connect could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Steel Connect when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Steel Connect - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Steel Connect to buy it.
The correlation of Steel Connect is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Steel Connect moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Steel Connect moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Steel Connect can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Steel Connect Correlation against competitors. To learn how to invest in Steel Stock, please use our How to Invest in Steel Connect guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Data Processing & Outsourced Services 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 Steel Connect. If investors know Steel 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 Steel Connect 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 (0.20) | Earnings Share 3.11 | Revenue Per Share 28.001 | Quarterly Revenue Growth 0.124 | Return On Assets 0.0104 |
The market value of Steel Connect is measured differently than its book value, which is the value of Steel that is recorded on the company's balance sheet. Investors also form their own opinion of Steel Connect's value that differs from its market value or its book value, called intrinsic value, which is Steel Connect'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 Steel Connect's market value can be influenced by many factors that don't directly affect Steel Connect'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 Steel Connect's value and its price as these two are different measures arrived at by different means. Investors typically determine if Steel Connect is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steel Connect'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.