Bluescope Steel (Australia) Market Value
| BSL Stock | 21.23 0.11 0.52% |
| Symbol | Bluescope |
Bluescope Steel '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 Bluescope Steel'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 Bluescope Steel.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Bluescope Steel on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Bluescope Steel or generate 0.0% return on investment in Bluescope Steel over 720 days. Bluescope Steel is related to or competes with Northern Star, Evolution Mining, Sandfire Resources, Aneka Tambang, Perseus Mining, and De Grey. Bluescope Steel is entity of Australia. It is traded as Stock on AU exchange. More
Bluescope Steel 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 Bluescope Steel'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 Bluescope Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.7 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.75 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 2.58 |
Bluescope Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bluescope Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bluescope Steel's standard deviation. In reality, there are many statistical measures that can use Bluescope Steel historical prices to predict the future Bluescope Steel's volatility.| Risk Adjusted Performance | 0.0388 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1106 |
Bluescope Steel Backtested Returns
Currently, Bluescope Steel is very steady. Bluescope Steel secures Sharpe Ratio (or Efficiency) of 0.024, which signifies that the company had a 0.024% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bluescope Steel, which you can use to evaluate the volatility of the firm. Please confirm Bluescope Steel's Risk Adjusted Performance of 0.0388, mean deviation of 1.37, and Downside Deviation of 1.7 to double-check if the risk estimate we provide is consistent with the expected return of 0.043%. Bluescope Steel has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bluescope Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bluescope Steel is expected to be smaller as well. Bluescope Steel right now shows a risk of 1.79%. Please confirm Bluescope Steel treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Bluescope Steel will be following its price patterns.
Auto-correlation | -0.33 |
Poor reverse predictability
Bluescope Steel has poor reverse predictability. Overlapping area represents the amount of predictability between Bluescope Steel time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Bluescope Steel price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Bluescope Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 1.11 |
Bluescope Steel lagged returns against current returns
Autocorrelation, which is Bluescope Steel 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 Bluescope Steel's stock expected returns. We can calculate the autocorrelation of Bluescope Steel returns to help us make a trade decision. For example, suppose you find that Bluescope Steel 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 |
Bluescope Steel 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 Bluescope Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bluescope Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bluescope Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Bluescope Steel Lagged Returns
When evaluating Bluescope Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bluescope Steel stock have on its future price. Bluescope Steel 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, Bluescope Steel autocorrelation shows the relationship between Bluescope Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Bluescope Steel.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Bluescope Stock Analysis
When running Bluescope Steel's price analysis, check to measure Bluescope 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 Bluescope Steel is operating at the current time. Most of Bluescope Steel's value examination focuses on studying past and present price action to predict the probability of Bluescope 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 Bluescope Steel's price. Additionally, you may evaluate how the addition of Bluescope Steel to your portfolios can decrease your overall portfolio volatility.