Schnitzer Steel Industries Stock Market Value
| RDUS Stock | USD 20.21 0.47 2.38% |
| Symbol | Schnitzer |
Schnitzer Steel Indu 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 Schnitzer Steel. If investors know Schnitzer 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 Schnitzer Steel 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 (0.81) | Dividend Share 0.75 | Earnings Share (9.37) | Revenue Per Share 96.375 | Quarterly Revenue Growth 0.074 |
The market value of Schnitzer Steel Indu is measured differently than its book value, which is the value of Schnitzer that is recorded on the company's balance sheet. Investors also form their own opinion of Schnitzer Steel's value that differs from its market value or its book value, called intrinsic value, which is Schnitzer Steel'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 Schnitzer Steel's market value can be influenced by many factors that don't directly affect Schnitzer Steel'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 Schnitzer Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Schnitzer Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Schnitzer Steel'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.
Schnitzer 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 Schnitzer 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 Schnitzer Steel.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Schnitzer Steel on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Schnitzer Steel Industries or generate 0.0% return on investment in Schnitzer Steel over 30 days. Schnitzer Steel is related to or competes with NiSource, Aris Water, Marfrig Global, Kenon Holdings, WEC Energy, Hf Foods, and Albertsons Companies. Radius Health, Inc., a biopharmaceutical company, focuses on addressing unmet medical needs in the areas of bone health,... More
Schnitzer 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 Schnitzer 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 Schnitzer Steel Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.19 | |||
| Information Ratio | 0.1159 | |||
| Maximum Drawdown | 30.15 | |||
| Value At Risk | (4.78) | |||
| Potential Upside | 6.56 |
Schnitzer Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Schnitzer Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Schnitzer Steel's standard deviation. In reality, there are many statistical measures that can use Schnitzer Steel historical prices to predict the future Schnitzer Steel's volatility.| Risk Adjusted Performance | 0.1214 | |||
| Jensen Alpha | 0.173 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1499 | |||
| Treynor Ratio | 0.1698 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Schnitzer Steel'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.
Schnitzer Steel Indu Backtested Returns
Schnitzer Steel appears to be not too volatile, given 3 months investment horizon. Schnitzer Steel Indu owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. By inspecting Schnitzer Steel's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please review Schnitzer Steel's Coefficient Of Variation of 677.24, risk adjusted performance of 0.1214, and Semi Deviation of 2.6 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Schnitzer Steel holds a performance score of 9. The entity has a beta of 3.53, which indicates 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, Schnitzer Steel will likely underperform. Please check Schnitzer Steel's treynor ratio, as well as the relationship between the expected short fall and day median price , to make a quick decision on whether Schnitzer Steel's existing price patterns will revert.
Auto-correlation | 0.58 |
Modest predictability
Schnitzer Steel Industries has modest predictability. Overlapping area represents the amount of predictability between Schnitzer Steel time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 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 Schnitzer Steel Indu price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Schnitzer Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 1.15 |
Schnitzer Steel Indu lagged returns against current returns
Autocorrelation, which is Schnitzer 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 Schnitzer Steel's stock expected returns. We can calculate the autocorrelation of Schnitzer Steel returns to help us make a trade decision. For example, suppose you find that Schnitzer 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 |
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Schnitzer 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 Schnitzer Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Schnitzer Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Schnitzer Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Schnitzer Steel Lagged Returns
When evaluating Schnitzer Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Schnitzer Steel stock have on its future price. Schnitzer 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, Schnitzer Steel autocorrelation shows the relationship between Schnitzer Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Schnitzer Steel Industries.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Schnitzer Stock Analysis
When running Schnitzer Steel's price analysis, check to measure Schnitzer 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 Schnitzer Steel is operating at the current time. Most of Schnitzer Steel's value examination focuses on studying past and present price action to predict the probability of Schnitzer 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 Schnitzer Steel's price. Additionally, you may evaluate how the addition of Schnitzer Steel to your portfolios can decrease your overall portfolio volatility.