Nucor Corp Stock Market Value
| NUE Stock | USD 153.44 1.52 1.00% |
| Symbol | Nucor |
Nucor Corp Price To Book Ratio
Is 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 Nucor Corp. If investors know Nucor 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 Nucor Corp 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 (0.77) | Dividend Share 2.16 | Earnings Share 10.39 | Revenue Per Share 129.875 | Quarterly Revenue Growth (0.15) |
The market value of Nucor Corp is measured differently than its book value, which is the value of Nucor that is recorded on the company's balance sheet. Investors also form their own opinion of Nucor Corp's value that differs from its market value or its book value, called intrinsic value, which is Nucor Corp'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 Nucor Corp's market value can be influenced by many factors that don't directly affect Nucor Corp'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 Nucor Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nucor Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nucor Corp'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.
Nucor Corp '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 Nucor Corp'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 Nucor Corp.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Nucor Corp on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Nucor Corp or generate 0.0% return on investment in Nucor Corp over 660 days. Nucor Corp is related to or competes with Fortitude Gold, and GoldMining. Nucor Corporation manufactures and sells steel and steel products More
Nucor Corp 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 Nucor Corp'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 Nucor Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 19.91 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 2.5 |
Nucor Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nucor Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nucor Corp's standard deviation. In reality, there are many statistical measures that can use Nucor Corp historical prices to predict the future Nucor Corp's volatility.| Risk Adjusted Performance | 0.0347 | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.034 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nucor Corp'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.
Nucor Corp Backtested Returns
At this point, Nucor Corp is very steady. Nucor Corp has Sharpe Ratio of 0.0265, which conveys that the firm had a 0.0265% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nucor Corp, which you can use to evaluate the volatility of the firm. Please verify Nucor Corp's Downside Deviation of 2.32, mean deviation of 1.71, and Risk Adjusted Performance of 0.0347 to check out if the risk estimate we provide is consistent with the expected return of 0.0753%. Nucor Corp has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 2.67, which conveys 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, Nucor Corp will likely underperform. Nucor Corp right now secures a risk of 2.84%. Please verify Nucor Corp value at risk, and the relationship between the jensen alpha and skewness , to decide if Nucor Corp will be following its current price movements.
Auto-correlation | -0.47 |
Modest reverse predictability
Nucor Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Nucor Corp time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Nucor Corp price movement. The serial correlation of -0.47 indicates that about 47.0% of current Nucor Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 288.52 |
Nucor Corp lagged returns against current returns
Autocorrelation, which is Nucor Corp 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 Nucor Corp's stock expected returns. We can calculate the autocorrelation of Nucor Corp returns to help us make a trade decision. For example, suppose you find that Nucor Corp 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 |
Nucor Corp 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 Nucor Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nucor Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nucor Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Nucor Corp Lagged Returns
When evaluating Nucor Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nucor Corp stock have on its future price. Nucor Corp 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, Nucor Corp autocorrelation shows the relationship between Nucor Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Nucor Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Nucor Corp is a strong investment it is important to analyze Nucor Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nucor Corp's future performance. For an informed investment choice regarding Nucor Stock, refer to the following important reports:Check out Nucor Corp Correlation, Nucor Corp Volatility and Nucor Corp Alpha and Beta module to complement your research on Nucor Corp. For information on how to trade Nucor Stock refer to our How to Trade Nucor Stock guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Nucor Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.