Synalloy Stock Market Value
| ACNT Stock | USD 10.88 0.07 0.65% |
| Symbol | Synalloy |
Synalloy Price To Book Ratio
Is Diversified Metals & Mining 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 Synalloy. If investors know Synalloy 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 Synalloy 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 88.944 | Earnings Share (1.87) | Revenue Per Share 18.018 | Quarterly Revenue Growth (0) | Return On Assets (0.06) |
The market value of Synalloy is measured differently than its book value, which is the value of Synalloy that is recorded on the company's balance sheet. Investors also form their own opinion of Synalloy's value that differs from its market value or its book value, called intrinsic value, which is Synalloy'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 Synalloy's market value can be influenced by many factors that don't directly affect Synalloy'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 Synalloy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Synalloy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Synalloy'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.
Synalloy '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 Synalloy'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 Synalloy.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Synalloy on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Synalloy or generate 0.0% return on investment in Synalloy over 30 days. Synalloy is related to or competes with Grupo Simec, Mesabi Trust, Algoma Steel, Aperam PK, Acerinox, Algoma Steel, and ArcelorMittal. Ascent Industries Co. an industrials company, focuses on the production and distribution of industrial tubular products ... More
Synalloy 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 Synalloy'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 Synalloy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.54 | |||
| Information Ratio | 0.0096 | |||
| Maximum Drawdown | 21.13 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 3.41 |
Synalloy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Synalloy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Synalloy's standard deviation. In reality, there are many statistical measures that can use Synalloy historical prices to predict the future Synalloy's volatility.| Risk Adjusted Performance | 0.0476 | |||
| Jensen Alpha | 0.1777 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.011 | |||
| Treynor Ratio | (0.48) |
Synalloy Backtested Returns
Currently, Synalloy is not too volatile. Synalloy owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0541, which indicates the firm had a 0.0541% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Synalloy, which you can use to evaluate the volatility of the company. Please validate Synalloy's Risk Adjusted Performance of 0.0476, coefficient of variation of 1903.56, and Semi Deviation of 2.34 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Synalloy has a performance score of 4 on a scale of 0 to 100. The entity has a beta of -0.3, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Synalloy are expected to decrease at a much lower rate. During the bear market, Synalloy is likely to outperform the market. Synalloy right now has a risk of 2.94%. Please validate Synalloy downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Synalloy will be following its existing price patterns.
Auto-correlation | 0.53 |
Modest predictability
Synalloy has modest predictability. Overlapping area represents the amount of predictability between Synalloy time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Synalloy price movement. The serial correlation of 0.53 indicates that about 53.0% of current Synalloy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Synalloy lagged returns against current returns
Autocorrelation, which is Synalloy 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 Synalloy's stock expected returns. We can calculate the autocorrelation of Synalloy returns to help us make a trade decision. For example, suppose you find that Synalloy 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 |
Synalloy 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 Synalloy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Synalloy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Synalloy stock over time.
Current vs Lagged Prices |
| Timeline |
Synalloy Lagged Returns
When evaluating Synalloy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Synalloy stock have on its future price. Synalloy 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, Synalloy autocorrelation shows the relationship between Synalloy stock current value and its past values and can show if there is a momentum factor associated with investing in Synalloy.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Synalloy Stock Analysis
When running Synalloy's price analysis, check to measure Synalloy'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 Synalloy is operating at the current time. Most of Synalloy's value examination focuses on studying past and present price action to predict the probability of Synalloy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synalloy's price. Additionally, you may evaluate how the addition of Synalloy to your portfolios can decrease your overall portfolio volatility.