United States (Brazil) Market Value
| USSX34 Stock | BRL 224.18 8.00 3.70% |
| Symbol | United |
United States '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 United States' 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 United States.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in United States on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding United States Steel or generate 0.0% return on investment in United States over 180 days. United States is related to or competes with Companhia Siderrgica, Metalurgica Gerdau, Metalurgica Gerdau, Usinas Siderrgicas, and Cia De. United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and... More
United States 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 United States' 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 United States Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.69 | |||
| Information Ratio | 0.0136 | |||
| Maximum Drawdown | 27.79 | |||
| Value At Risk | (3.70) | |||
| Potential Upside | 6.57 |
United States Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United States' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United States' standard deviation. In reality, there are many statistical measures that can use United States historical prices to predict the future United States' volatility.| Risk Adjusted Performance | 0.0349 | |||
| Jensen Alpha | 0.0957 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0089 | |||
| Treynor Ratio | 0.2506 |
United States Steel Backtested Returns
United States appears to be very steady, given 3 months investment horizon. United States Steel owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0529, which indicates the firm had a 0.0529% return per unit of risk over the last 3 months. We have found thirty technical indicators for United States Steel, which you can use to evaluate the volatility of the company. Please review United States' Coefficient Of Variation of 2831.29, semi deviation of 4.26, and Risk Adjusted Performance of 0.0349 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, United States holds a performance score of 4. The entity has a beta of 0.58, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, United States' returns are expected to increase less than the market. However, during the bear market, the loss of holding United States is expected to be smaller as well. Please check United States' jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to make a quick decision on whether United States' existing price patterns will revert.
Auto-correlation | 0.55 |
Modest predictability
United States Steel has modest predictability. Overlapping area represents the amount of predictability between United States time series from 26th of May 2024 to 24th of August 2024 and 24th of August 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 United States Steel price movement. The serial correlation of 0.55 indicates that about 55.0% of current United States price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 317.02 |
United States Steel lagged returns against current returns
Autocorrelation, which is United States 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 United States' stock expected returns. We can calculate the autocorrelation of United States returns to help us make a trade decision. For example, suppose you find that United States 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 |
United States 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 United States stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United States stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United States stock over time.
Current vs Lagged Prices |
| Timeline |
United States Lagged Returns
When evaluating United States' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United States stock have on its future price. United States 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, United States autocorrelation shows the relationship between United States stock current value and its past values and can show if there is a momentum factor associated with investing in United States Steel.
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.Additional Information and Resources on Investing in United Stock
When determining whether United States Steel offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of United States' 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 United States Steel Stock. Outlined below are crucial reports that will aid in making a well-informed decision on United States Steel Stock:Check out United States Correlation, United States Volatility and United States Alpha and Beta module to complement your research on United States. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
United States 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.