Ryerson Holding Corp Stock Market Value
| RYI Stock | USD 24.78 0.39 1.60% |
| Symbol | Ryerson |
Ryerson Holding 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 Ryerson Holding. If investors know Ryerson 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 Ryerson Holding 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 (0.73) | Dividend Share 0.748 | Earnings Share 0.63 | Revenue Per Share 139.339 | Quarterly Revenue Growth (0.1) |
The market value of Ryerson Holding Corp is measured differently than its book value, which is the value of Ryerson that is recorded on the company's balance sheet. Investors also form their own opinion of Ryerson Holding's value that differs from its market value or its book value, called intrinsic value, which is Ryerson Holding'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 Ryerson Holding's market value can be influenced by many factors that don't directly affect Ryerson Holding'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 Ryerson Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ryerson Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ryerson Holding'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.
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.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Ryerson Holding on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Ryerson Holding Corp or generate 0.0% return on investment in Ryerson Holding over 30 days. Ryerson Holding is related to or competes with Carpenter Technology, Mueller Industries, Allegheny Technologies, ESAB Corp, Northwest Pipe, Insteel Industries, and Gulf Island. 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 Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.34 | |||
| Information Ratio | 0.1133 | |||
| Maximum Drawdown | 21.43 | |||
| Value At Risk | (3.34) | |||
| Potential Upside | 5.05 |
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 | 0.1156 | |||
| Jensen Alpha | 0.1782 | |||
| Total Risk Alpha | 0.0853 | |||
| Sortino Ratio | 0.154 | |||
| Treynor Ratio | 0.1422 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ryerson Holding'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.
Ryerson Holding Corp Backtested Returns
Ryerson Holding appears to be very steady, given 3 months investment horizon. Ryerson Holding Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ryerson Holding Corp, which you can use to evaluate the volatility of the company. Please evaluate Ryerson Holding's Coefficient Of Variation of 697.83, semi deviation of 1.95, and Risk Adjusted Performance of 0.1156 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 9. The company holds a Beta of 3.14, 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 potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Ryerson Holding's historical price patterns will revert.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Ryerson Holding Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ryerson Holding time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Corp price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Ryerson Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Ryerson Holding Corp 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 |
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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 |
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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 Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Ryerson Holding Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ryerson Holding's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ryerson Holding Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ryerson Holding Corp Stock:Check out Ryerson Holding Correlation, Ryerson Holding Volatility and Ryerson Holding Alpha and Beta module to complement your research on Ryerson Holding. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Ryerson Holding 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.