Vulcan Steel (Australia) Market Value
| VSL Stock | 7.44 0.42 5.98% |
| Symbol | Vulcan |
Vulcan Steel '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 Vulcan Steel'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 Vulcan Steel.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Vulcan Steel on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Vulcan Steel or generate 0.0% return on investment in Vulcan Steel over 30 days. Vulcan Steel is related to or competes with Argo Investments, MFF Capital, Auctus Alternative, Collins Foods, Garda Diversified, and Pinnacle Investment. Vulcan Steel is entity of Australia. It is traded as Stock on AU exchange. More
Vulcan Steel 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 Vulcan Steel'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 Vulcan Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.4 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 22.8 | |||
| Value At Risk | (5.59) | |||
| Potential Upside | 5.87 |
Vulcan Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vulcan Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vulcan Steel's standard deviation. In reality, there are many statistical measures that can use Vulcan Steel historical prices to predict the future Vulcan Steel's volatility.| Risk Adjusted Performance | 0.0269 | |||
| Jensen Alpha | 0.0337 | |||
| Total Risk Alpha | (0.50) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2 |
Vulcan Steel Backtested Returns
Vulcan Steel appears to be slightly risky, given 3 months investment horizon. Vulcan Steel owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0799, which indicates the firm had a 0.0799% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Vulcan Steel, which you can use to evaluate the volatility of the company. Please review Vulcan Steel's Semi Deviation of 3.34, risk adjusted performance of 0.0269, and Coefficient Of Variation of 4044.24 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Vulcan Steel holds a performance score of 6. The entity has a beta of 0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vulcan Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vulcan Steel is expected to be smaller as well. Please check Vulcan Steel's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Vulcan Steel's existing price patterns will revert.
Auto-correlation | -0.58 |
Good reverse predictability
Vulcan Steel has good reverse predictability. Overlapping area represents the amount of predictability between Vulcan Steel time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Vulcan Steel price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Vulcan Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Vulcan Steel lagged returns against current returns
Autocorrelation, which is Vulcan Steel 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 Vulcan Steel's stock expected returns. We can calculate the autocorrelation of Vulcan Steel returns to help us make a trade decision. For example, suppose you find that Vulcan Steel 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 |
Vulcan Steel 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 Vulcan Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vulcan Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vulcan Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Vulcan Steel Lagged Returns
When evaluating Vulcan Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vulcan Steel stock have on its future price. Vulcan Steel 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, Vulcan Steel autocorrelation shows the relationship between Vulcan Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Vulcan Steel.
Regressed Prices |
| Timeline |
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Additional Tools for Vulcan Stock Analysis
When running Vulcan Steel's price analysis, check to measure Vulcan Steel's 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 Vulcan Steel is operating at the current time. Most of Vulcan Steel's value examination focuses on studying past and present price action to predict the probability of Vulcan Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vulcan Steel's price. Additionally, you may evaluate how the addition of Vulcan Steel to your portfolios can decrease your overall portfolio volatility.