Steel Partners Holdings Stock Beta
| SPLP Stock | USD 41.00 0.47 1.16% |
Steel Partners Holdings fundamentals help investors to digest information that contributes to Steel Partners' financial success or failures. It also enables traders to predict the movement of Steel Stock. The fundamental analysis module provides a way to measure Steel Partners' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Steel Partners stock.
Steel | Beta |
Steel Partners Holdings Company Beta Analysis
Steel Partners' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Steel Partners Beta | 1.36 |
Most of Steel Partners' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Steel Partners Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Steel Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Steel Partners is extremely important. It helps to project a fair market value of Steel Stock properly, considering its historical fundamentals such as Beta. Since Steel Partners' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Steel Partners' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Steel Partners' interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Steel Partners Holdings has a Beta of 1.359. This indicator is about the same for the Industrial Conglomerates average (which is currently at 1.37) sector and 43.05% higher than that of the Industrials industry. The beta for all United States stocks is notably lower than that of the firm.
Steel Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Steel Partners' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Steel Partners could also be used in its relative valuation, which is a method of valuing Steel Partners by comparing valuation metrics of similar companies.Steel Partners is currently under evaluation in beta category among its peers.
Steel Partners ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Steel Partners' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Steel Partners' managers, analysts, and investors.Environmental | Governance | Social |
Steel Partners Institutional Holders
Institutional Holdings refers to the ownership stake in Steel Partners that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Steel Partners' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Steel Partners' value.| Shares | Bb&t Corp. | 2024-09-30 | 5.7 K | Ubs Group Ag | 2024-06-30 | 2.3 K | Adar1 Capital Management Llc | 2024-06-30 | 0.0 | Acadian Asset Management Llc | 2024-06-30 | 0.0 | Gabelli Funds Llc | 2024-09-30 | 593 K | Gamco Investors, Inc. Et Al | 2024-06-30 | 88.4 K | Alpha Omega Investment Advisors | 2024-09-30 | 76.6 K | Nj State Employees Deferred Compnstin Pl | 2024-09-30 | 36.6 K | Kennedy Capital Management Inc | 2024-06-30 | 35 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 26.4 K | Hightower Advisors, Llc | 2024-06-30 | 25.8 K |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Steel Partners will likely underperform.
Steel Fundamentals
| Return On Equity | 0.24 | ||||
| Return On Asset | 0.0337 | ||||
| Profit Margin | 0.11 % | ||||
| Operating Margin | 0.11 % | ||||
| Current Valuation | 572.75 M | ||||
| Shares Outstanding | 19.19 M | ||||
| Shares Owned By Insiders | 49.01 % | ||||
| Shares Owned By Institutions | 40.25 % | ||||
| Number Of Shares Shorted | 3.54 K | ||||
| Price To Earning | 26.37 X | ||||
| Price To Book | 0.75 X | ||||
| Price To Sales | 0.39 X | ||||
| Revenue | 1.91 B | ||||
| Gross Profit | 558.42 M | ||||
| EBITDA | 221.79 M | ||||
| Net Income | 150.83 M | ||||
| Cash And Equivalents | 201.62 M | ||||
| Cash Per Share | 9.26 X | ||||
| Total Debt | 445.64 M | ||||
| Debt To Equity | 0.66 % | ||||
| Current Ratio | 1.26 X | ||||
| Book Value Per Share | 54.36 X | ||||
| Cash Flow From Operations | 21.22 M | ||||
| Short Ratio | 4.41 X | ||||
| Earnings Per Share | 9.77 X | ||||
| Number Of Employees | 5.1 K | ||||
| Beta | 1.36 | ||||
| Market Capitalization | 786.61 M | ||||
| Total Asset | 3.99 B | ||||
| Retained Earnings | 205.97 M | ||||
| Working Capital | 562.22 M | ||||
| Current Asset | 719.47 M | ||||
| Current Liabilities | 321.25 M | ||||
| Net Asset | 3.99 B |
About Steel Partners Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Steel Partners Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Steel Partners using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Steel Partners Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Steel Partners
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 Partners 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 Partners will appreciate offsetting losses from the drop in the long position's value.Moving against Steel Stock
The ability to find closely correlated positions to Steel Partners 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 Partners 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 Partners - 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 Partners Holdings to buy it.
The correlation of Steel Partners 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 Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Steel Partners Holdings 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 Partners 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.Additional Tools for Steel Stock Analysis
When running Steel Partners' price analysis, check to measure Steel Partners' 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 Steel Partners is operating at the current time. Most of Steel Partners' value examination focuses on studying past and present price action to predict the probability of Steel Partners' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steel Partners' price. Additionally, you may evaluate how the addition of Steel Partners to your portfolios can decrease your overall portfolio volatility.