Steel Partners Holdings Preferred Stock Market Value
| SPLP-PA Preferred Stock | USD 24.59 0.05 0.20% |
| Symbol | Steel |
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' preferred 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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Steel Partners on October 27, 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, Brookfield Business, Matthews International, Tejon Ranch, Compass Diversified, Steel Partners, and Compass Diversified. 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' preferred 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 | 0.2362 | |||
| Information Ratio | (0.41) | |||
| Maximum Drawdown | 1.05 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.3796 |
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 | 0.1361 | |||
| Jensen Alpha | 0.0353 | |||
| Total Risk Alpha | 0.002 | |||
| Sortino Ratio | (0.36) | |||
| Treynor Ratio | (3.06) |
Steel Partners Holdings Backtested Returns
At this point, Steel Partners is very steady. Steel Partners Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the firm had a 0.21% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Steel Partners Holdings, which you can use to evaluate the volatility of the company. Please validate Steel Partners' Standard Deviation of 0.2059, risk adjusted performance of 0.1361, and Downside Deviation of 0.2362 to confirm if the risk estimate we provide is consistent with the expected return of 0.0434%. Steel Partners has a performance score of 16 on a scale of 0 to 100. The entity has a beta of -0.0111, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Steel Partners are expected to decrease at a much lower rate. During the bear market, Steel Partners is likely to outperform the market. Steel Partners Holdings right now has a risk of 0.21%. Please validate Steel Partners jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Steel Partners will be following its existing price patterns.
Auto-correlation | 0.04 |
Virtually no predictability
Steel Partners Holdings has virtually no predictability. Overlapping area represents the amount of predictability between Steel Partners time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 0.04 indicates that only as little as 4.0% of current Steel Partners price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Steel Partners Holdings lagged returns against current returns
Autocorrelation, which is Steel Partners preferred 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' preferred 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 preferred 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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steel Partners preferred 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 preferred 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 preferred 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 preferred 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 |
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.Other Information on Investing in Steel Preferred Stock
Steel Partners financial ratios help investors to determine whether Steel Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Steel with respect to the benefits of owning Steel Partners security.