Steel Partners Holdings Stock Market Value
| SPLP Stock | USD 41.00 0.47 1.16% |
| Symbol | Steel |
Steel Partners Holdings Price To Book Ratio
Is Industrial Conglomerates 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 Steel Partners. If investors know Steel 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 Steel Partners 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 0.44 | Earnings Share 9.77 | Revenue Per Share 97.096 | Quarterly Revenue Growth 0.057 | Return On Assets 0.0337 |
The market value of Steel Partners Holdings is measured differently than its book value, which is the value of Steel that is recorded on the company's balance sheet. Investors also form their own opinion of Steel Partners' value that differs from its market value or its book value, called intrinsic value, which is Steel Partners' 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 Steel Partners' market value can be influenced by many factors that don't directly affect Steel Partners' 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 Steel Partners' value and its price as these two are different measures arrived at by different means. Investors typically determine if Steel Partners is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steel Partners' 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.
Steel Partners '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 Steel Partners' 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 Steel Partners.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Steel Partners on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Steel Partners Holdings or generate 0.0% return on investment in Steel Partners over 30 days. Steel Partners is related to or competes with Compass Diversified, Compass Diversified, Compass Diversified, Tejon Ranch, Steel Partners, Matthews International, and Valmont Industries. Steel Partners Holdings L.P., through its subsidiaries, engages in industrial products, energy, defense, supply chain ma... More
Steel Partners 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 Steel Partners' 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 Steel Partners Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.1 | |||
| Information Ratio | 0.001 | |||
| Maximum Drawdown | 15.59 | |||
| Value At Risk | (3.66) | |||
| Potential Upside | 3.7 |
Steel Partners Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Steel Partners' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steel Partners' standard deviation. In reality, there are many statistical measures that can use Steel Partners historical prices to predict the future Steel Partners' volatility.| Risk Adjusted Performance | 0.0394 | |||
| Jensen Alpha | 0.0422 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 8.0E-4 | |||
| Treynor Ratio | 0.1695 |
Steel Partners Holdings Backtested Returns
Currently, Steel Partners Holdings is very steady. Steel Partners Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0384, which indicates the firm had a 0.0384% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Steel Partners Holdings, which you can use to evaluate the volatility of the company. Please validate Steel Partners' Risk Adjusted Performance of 0.0394, coefficient of variation of 2361.38, and Semi Deviation of 1.98 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. Steel Partners has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.6, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Steel Partners' returns are expected to increase less than the market. However, during the bear market, the loss of holding Steel Partners is expected to be smaller as well. Steel Partners Holdings right now has a risk of 2.69%. Please validate Steel Partners potential upside, and the relationship between the total risk alpha and kurtosis , to decide if Steel Partners will be following its existing price patterns.
Auto-correlation | -0.24 |
Weak reverse predictability
Steel Partners Holdings has weak reverse predictability. Overlapping area represents the amount of predictability between Steel Partners 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 Steel Partners Holdings price movement. The serial correlation of -0.24 indicates that over 24.0% of current Steel Partners price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 1.63 |
Steel Partners Holdings lagged returns against current returns
Autocorrelation, which is Steel Partners 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 Steel Partners' stock expected returns. We can calculate the autocorrelation of Steel Partners returns to help us make a trade decision. For example, suppose you find that Steel Partners 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 |
Steel Partners 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 Steel Partners stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steel Partners stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Steel Partners stock over time.
Current vs Lagged Prices |
| Timeline |
Steel Partners Lagged Returns
When evaluating Steel Partners' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Steel Partners stock have on its future price. Steel Partners 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, Steel Partners autocorrelation shows the relationship between Steel Partners stock current value and its past values and can show if there is a momentum factor associated with investing in Steel Partners Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Steel Partners
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Steel Partners position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Steel Partners will appreciate offsetting losses from the drop in the long position's value.Moving against Steel Stock
The ability to find closely correlated positions to Steel Partners could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Steel Partners when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Steel Partners - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Steel Partners Holdings to buy it.
The correlation of Steel Partners is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Steel Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Steel Partners Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Steel Partners can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Steel Stock Analysis
When running Steel Partners' price analysis, check to measure Steel Partners' 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 Steel Partners is operating at the current time. Most of Steel Partners' value examination focuses on studying past and present price action to predict the probability of Steel Partners' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steel Partners' price. Additionally, you may evaluate how the addition of Steel Partners to your portfolios can decrease your overall portfolio volatility.