Steelcase Price Patterns
| SCSDelisted Stock | USD 16.14 0.10 0.62% |
Momentum 56
Buy Extended
Oversold | Overbought |
Using Steelcase hype-based prediction, you can estimate the value of Steelcase from the perspective of Steelcase response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in Steelcase to buy its stock at a price that has no basis in reality. In that case, they are not buying Steelcase because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Steelcase after-hype prediction price | USD 16.15 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as delisted stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Steelcase |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Steelcase'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.
Steelcase After-Hype Price Density Analysis
As far as predicting the price of Steelcase at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Steelcase or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Steelcase, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Steelcase Estimiated After-Hype Price Volatility
In the context of predicting Steelcase's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Steelcase's historical news coverage. Steelcase's after-hype downside and upside margins for the prediction period are 15.38 and 16.92, respectively. We have considered Steelcase's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Steelcase is very steady at this time. Analysis and calculation of next after-hype price of Steelcase is based on 3 months time horizon.
Steelcase Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Steelcase is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Steelcase backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Delisted Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Steelcase, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.07 | 0.77 | 0.01 | 0.05 | 17 Events / Month | 6 Events / Month | In about 17 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
16.14 | 16.15 | 0.06 |
|
Steelcase Hype Timeline
On the 30th of January Steelcase is traded for 16.14. The entity has historical hype elasticity of 0.01, and average elasticity to hype of competition of -0.05. Steelcase is forecasted to increase in value after the next headline, with the price projected to jump to 16.15 or above. The average volatility of media hype impact on the company the price is over 100%. The price appreciation on the next news is projected to be 0.06%, whereas the daily expected return is at this time at 0.07%. The volatility of related hype on Steelcase is about 113.42%, with the expected price after the next announcement by competition of 16.09. The company reported the last year's revenue of 3.17 B. Total Income to common stockholders was 120.7 M with profit before taxes, overhead, and interest of 1.1 B. Considering the 90-day investment horizon the next forecasted press release will be in about 17 days. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.Steelcase Related Hype Analysis
Having access to credible news sources related to Steelcase's direct competition is more important than ever and may enhance your ability to predict Steelcase's future price movements. Getting to know how Steelcase's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Steelcase may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| HNI | HNI Corp | (0.46) | 10 per month | 1.48 | 0.02 | 2.32 | (1.73) | 7.38 | |
| PBI | Pitney Bowes | (0.03) | 10 per month | 0.00 | (0.11) | 2.65 | (2.96) | 11.40 | |
| VVX | V2X Inc | (0.85) | 11 per month | 1.69 | 0.06 | 3.81 | (2.27) | 10.12 | |
| ROCK | Gibraltar Industries | (0.07) | 8 per month | 0.00 | (0.10) | 5.00 | (4.60) | 23.65 | |
| KMT | Kennametal | 0.18 | 8 per month | 0.71 | 0.24 | 4.67 | (1.67) | 17.95 | |
| DXPE | DXP Enterprises | (4.29) | 10 per month | 4.48 | 0.03 | 4.42 | (3.76) | 18.99 | |
| CECO | CECO Environmental Corp | (0.89) | 9 per month | 2.75 | 0.16 | 4.25 | (4.56) | 13.46 | |
| CMBT | CMBTECH NV | 0.38 | 9 per month | 1.65 | 0.19 | 4.58 | (3.12) | 13.21 | |
| MVST | Microvast Holdings | (0.08) | 8 per month | 0.00 | (0.25) | 6.02 | (8.87) | 18.37 |
Steelcase Additional Predictive Modules
Most predictive techniques to examine Steelcase price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Steelcase using various technical indicators. When you analyze Steelcase charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Steelcase Predictive Indicators
The successful prediction of Steelcase stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Steelcase, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Steelcase based on analysis of Steelcase hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Steelcase's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Steelcase's related companies.
Thematic Opportunities
Explore Investment Opportunities
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Other Consideration for investing in Steelcase Stock
If you are still planning to invest in Steelcase check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Steelcase's history and understand the potential risks before investing.
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |