Ryerson Holding (Germany) Market Value
| 7RY Stock | EUR 24.00 0.20 0.83% |
| Symbol | Ryerson |
Ryerson Holding '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 Ryerson Holding'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 Ryerson Holding.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Ryerson Holding on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Ryerson Holding or generate 0.0% return on investment in Ryerson Holding over 540 days. Ryerson Holding is related to or competes with Amkor Technology, PLAYTIKA HOLDING, Playtech Plc, PLAYTECH, Playa Hotels, LG Display, and PLAY2CHILL. Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United S... More
Ryerson Holding 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 Ryerson Holding'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 Ryerson Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.53 | |||
| Information Ratio | 0.1242 | |||
| Maximum Drawdown | 18.6 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 4.04 |
Ryerson Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ryerson Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ryerson Holding's standard deviation. In reality, there are many statistical measures that can use Ryerson Holding historical prices to predict the future Ryerson Holding's volatility.| Risk Adjusted Performance | 0.1348 | |||
| Jensen Alpha | 0.1716 | |||
| Total Risk Alpha | 0.0367 | |||
| Sortino Ratio | 0.1467 | |||
| Treynor Ratio | 0.1783 |
Ryerson Holding Backtested Returns
Ryerson Holding appears to be very steady, given 3 months investment horizon. Ryerson Holding maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the firm had a 0.17% return per unit of risk over the last 3 months. By analyzing Ryerson Holding's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please evaluate Ryerson Holding's Coefficient Of Variation of 601.7, semi deviation of 1.98, and Risk Adjusted Performance of 0.1348 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ryerson Holding holds a performance score of 13. The company holds a Beta of 2.73, 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, Ryerson Holding will likely underperform. Please check Ryerson Holding's information ratio, treynor ratio, and the relationship between the downside deviation and total risk alpha , to make a quick decision on whether Ryerson Holding's historical price patterns will revert.
Auto-correlation | 0.81 |
Very good predictability
Ryerson Holding has very good predictability. Overlapping area represents the amount of predictability between Ryerson Holding time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Ryerson Holding price movement. The serial correlation of 0.81 indicates that around 81.0% of current Ryerson Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 18.99 |
Ryerson Holding lagged returns against current returns
Autocorrelation, which is Ryerson Holding 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 Ryerson Holding's stock expected returns. We can calculate the autocorrelation of Ryerson Holding returns to help us make a trade decision. For example, suppose you find that Ryerson Holding 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 |
Ryerson Holding 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 Ryerson Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ryerson Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ryerson Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Ryerson Holding Lagged Returns
When evaluating Ryerson Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ryerson Holding stock have on its future price. Ryerson Holding 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, Ryerson Holding autocorrelation shows the relationship between Ryerson Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Ryerson Holding.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ryerson Stock
Ryerson Holding financial ratios help investors to determine whether Ryerson Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ryerson with respect to the benefits of owning Ryerson Holding security.