Olympic Steel Stock Price on February 6, 2024
| ZEUS Stock | USD 42.28 0.03 0.07% |
Below is the normalized historical share price chart for Olympic Steel extending back to March 10, 1994. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Olympic Steel stands at 42.28, as last reported on the 29th of November, with the highest price reaching 42.77 and the lowest price hitting 41.98 during the day.
If you're considering investing in Olympic Stock, it is important to understand the factors that can impact its price. Olympic Steel appears to be very steady, given 3 months investment horizon. Olympic Steel maintains Sharpe Ratio (i.e., Efficiency) of 0.091, which implies the firm had a 0.091% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Olympic Steel, which you can use to evaluate the volatility of the company. Please evaluate Olympic Steel's Coefficient Of Variation of 2435.11, risk adjusted performance of 0.0388, and Semi Deviation of 2.57 to confirm if our risk estimates are consistent with your expectations.
At this time, Olympic Steel's Total Stockholder Equity is comparatively stable compared to the past year. Common Stock Shares Outstanding is likely to gain to about 11.7 M in 2024, whereas Other Stockholder Equity is likely to drop slightly above 11.1 M in 2024. . Price To Free Cash Flows Ratio is likely to gain to 6.56 in 2024, whereas Price To Sales Ratio is likely to drop 0.23 in 2024. Olympic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 10th of March 1994 | 200 Day MA 51.4569 | 50 Day MA 38.3544 | Beta 1.473 |
Olympic |
Sharpe Ratio = 0.091
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ZEUS | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.71 actual daily | 24 76% of assets are more volatile |
Expected Return
| 0.25 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Olympic Steel is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Olympic Steel by adding it to a well-diversified portfolio.
Price Book 0.8255 | Enterprise Value Ebitda 8.4402 | Price Sales 0.2341 | Shares Float 9.8 M | Dividend Share 0.575 |
Olympic Steel Valuation on February 6, 2024
It is possible to determine the worth of Olympic Steel on a given historical date. On February 6, 2024 Olympic was worth 65.22 at the beginning of the trading date compared to the closed value of 64.66. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Olympic Steel stock. Still, in general, we apply an absolute valuation method to find Olympic Steel's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Olympic Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Olympic Steel's related companies.
| Open | High | Low | Close | Volume | |
| 66.70 | 66.70 | 64.08 | 65.27 | 71,368 | |
02/06/2024 | 65.22 | 65.57 | 64.37 | 64.66 | 53,367 |
| 64.55 | 65.90 | 64.18 | 65.73 | 47,123 |
| Backtest Olympic Steel | | | Olympic Steel History | | | Olympic Steel Valuation | Previous | Next |
Olympic Steel Trading Date Momentum on February 6, 2024
| On February 07 2024 Olympic Steel was traded for 65.73 at the closing time. The top price for the day was 65.90 and the lowest listed price was 64.18 . The trading volume for the day was 47.1 K. The trading history from February 7, 2024 was a factor to the next trading day price appreciation. The trading date delta against the next closing price was 1.65% . The trading delta at closing time against the current closing price is 9.98% . |
Olympic Steel Fundamentals Correlations and Trends
By evaluating Olympic Steel's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Olympic Steel's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Olympic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Olympic Steel Stock history
Olympic Steel investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Olympic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Olympic Steel will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Olympic Steel stock prices may prove useful in developing a viable investing in Olympic Steel
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 11.6 M | 11.7 M | |
| Net Income Applicable To Common Shares | 104.6 M | 109.8 M |
Olympic Steel Quarterly Net Working Capital |
|
Olympic Steel Stock Technical Analysis
Olympic Steel technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Olympic Steel Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Olympic Steel cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Olympic Steel November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Olympic Steel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Olympic Steel shares will generate the highest return on investment. By undertsting and applying Olympic Steel stock market strength indicators, traders can identify Olympic Steel entry and exit signals to maximize returns
Olympic Steel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Olympic Steel's price direction in advance. Along with the technical and fundamental analysis of Olympic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Olympic to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0388 | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0489 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.