Universal Stainless Alloy Stock Market Value
| USAP Stock | USD 44.27 0.10 0.23% |
| Symbol | Universal |
Universal Stainless Alloy 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 Universal Stainless. If investors know Universal 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 Universal Stainless 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 4.55 | Earnings Share 2.73 | Revenue Per Share 35.583 | Quarterly Revenue Growth 0.224 | Return On Assets 0.0661 |
The market value of Universal Stainless Alloy is measured differently than its book value, which is the value of Universal that is recorded on the company's balance sheet. Investors also form their own opinion of Universal Stainless' value that differs from its market value or its book value, called intrinsic value, which is Universal Stainless' 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 Universal Stainless' market value can be influenced by many factors that don't directly affect Universal Stainless' 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 Universal Stainless' value and its price as these two are different measures arrived at by different means. Investors typically determine if Universal Stainless is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Universal Stainless' 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.
Universal Stainless '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 Universal Stainless' 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 Universal Stainless.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Universal Stainless on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Universal Stainless Alloy or generate 0.0% return on investment in Universal Stainless over 720 days. Universal Stainless is related to or competes with Cleveland Cliffs, United States, Reliance Steel, Nucor Corp, Gerdau SA, Olympic Steel, and POSCO Holdings. Universal Stainless Alloy Products, Inc., together with its subsidiaries, manufactures and markets semi-finished and fin... More
Universal Stainless 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 Universal Stainless' 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 Universal Stainless Alloy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.66 | |||
| Information Ratio | 0.0253 | |||
| Maximum Drawdown | 15.05 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 5.18 |
Universal Stainless Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Universal Stainless' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Universal Stainless' standard deviation. In reality, there are many statistical measures that can use Universal Stainless historical prices to predict the future Universal Stainless' volatility.| Risk Adjusted Performance | 0.0573 | |||
| Jensen Alpha | 0.0138 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0257 | |||
| Treynor Ratio | 0.1084 |
Universal Stainless Alloy Backtested Returns
Currently, Universal Stainless Alloy is very steady. Universal Stainless Alloy owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0399, which indicates the firm had a 0.0399% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Universal Stainless Alloy, which you can use to evaluate the volatility of the company. Please validate Universal Stainless' Semi Deviation of 2.39, coefficient of variation of 1521.94, and Risk Adjusted Performance of 0.0573 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Universal Stainless has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 1.55, 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, Universal Stainless will likely underperform. Universal Stainless Alloy right now has a risk of 2.66%. Please validate Universal Stainless semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Universal Stainless will be following its existing price patterns.
Auto-correlation | 0.81 |
Very good predictability
Universal Stainless Alloy has very good predictability. Overlapping area represents the amount of predictability between Universal Stainless time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 Universal Stainless Alloy price movement. The serial correlation of 0.81 indicates that around 81.0% of current Universal Stainless price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 78.15 |
Universal Stainless Alloy lagged returns against current returns
Autocorrelation, which is Universal Stainless 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 Universal Stainless' stock expected returns. We can calculate the autocorrelation of Universal Stainless returns to help us make a trade decision. For example, suppose you find that Universal Stainless 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 |
Universal Stainless 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 Universal Stainless stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Universal Stainless stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Universal Stainless stock over time.
Current vs Lagged Prices |
| Timeline |
Universal Stainless Lagged Returns
When evaluating Universal Stainless' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Universal Stainless stock have on its future price. Universal Stainless 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, Universal Stainless autocorrelation shows the relationship between Universal Stainless stock current value and its past values and can show if there is a momentum factor associated with investing in Universal Stainless Alloy.
Regressed Prices |
| Timeline |
Pair Trading with Universal Stainless
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 Universal Stainless 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 Universal Stainless will appreciate offsetting losses from the drop in the long position's value.Moving together with Universal Stock
| 0.79 | X | United States Steel | PairCorr |
| 0.78 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.74 | RS | Reliance Steel Aluminum | PairCorr |
The ability to find closely correlated positions to Universal Stainless could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Universal Stainless 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 Universal Stainless - 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 Universal Stainless Alloy to buy it.
The correlation of Universal Stainless 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 Universal Stainless moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Universal Stainless Alloy 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 Universal Stainless 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 Universal Stock Analysis
When running Universal Stainless' price analysis, check to measure Universal Stainless' 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 Universal Stainless is operating at the current time. Most of Universal Stainless' value examination focuses on studying past and present price action to predict the probability of Universal Stainless' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Universal Stainless' price. Additionally, you may evaluate how the addition of Universal Stainless to your portfolios can decrease your overall portfolio volatility.