J Steel is trading at 1905.00 as of the 22nd of November 2024, a 0.26% up since the beginning of the trading day. The stock's open price was 1900.0. J Steel has hardly any chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for J Steel Co are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2023 and ending today, the 22nd of November 2024. Click here to learn more.
Although J Steel's alpha and beta are two of the key measurements used to evaluate J Steel's performance over the market, the standard measures of volatility play an important role as well.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with J Steel stock to make a market-neutral strategy. Peer analysis of J Steel could also be used in its relative valuation, which is a method of valuing J Steel by comparing valuation metrics with similar companies.