Companhia Siderurgica Nacional Stock Alpha and Beta Analysis
| SID Stock | USD 2.03 0.04 2.01% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Companhia Siderurgica Nacional. It also helps investors analyze the systematic and unsystematic risks associated with investing in Companhia Siderurgica over a specified time horizon. Remember, high Companhia Siderurgica's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Companhia Siderurgica's market risk premium analysis include:
Beta 0.29 | Alpha (0.16) | Risk 3.01 | Sharpe Ratio (0.02) | Expected Return (0.05) |
Companhia Siderurgica Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Companhia |
Companhia Siderurgica Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Companhia Siderurgica market risk premium is the additional return an investor will receive from holding Companhia Siderurgica long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Companhia Siderurgica. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Companhia Siderurgica's performance over market.| α | -0.16 | β | 0.29 |
Companhia Siderurgica expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Companhia Siderurgica's Buy-and-hold return. Our buy-and-hold chart shows how Companhia Siderurgica performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Companhia Siderurgica Market Price Analysis
Market price analysis indicators help investors to evaluate how Companhia Siderurgica stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Companhia Siderurgica shares will generate the highest return on investment. By understating and applying Companhia Siderurgica stock market price indicators, traders can identify Companhia Siderurgica position entry and exit signals to maximize returns.
Companhia Siderurgica Return and Market Media
The median price of Companhia Siderurgica for the period between Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 2.1 with a coefficient of variation of 6.38. The daily time series for the period is distributed with a sample standard deviation of 0.14, arithmetic mean of 2.13, and mean deviation of 0.1. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | CSN Extends Negotiation Window for InterCement Deal - TipRanks | 09/18/2024 |
2 | Brazil stocks higher at close of trade Bovespa up 1.20 | 09/24/2024 |
3 | Brazil stocks lower at close of trade Bovespa down 0.38 | 10/08/2024 |
4 | Zacks Industry Outlook Highlights Steel Dynamics, Commercial Metals, Companhia Siderurgica Nacional - Yahoo Finance | 11/05/2024 |
5 | Companhia Siderurgica Q3 2024 Earnings Preview | 11/11/2024 |
6 | Earnings call CSN reports robust Q3 results amid global challenges | 11/14/2024 |
7 | Companhia Siderrgica Nacional Extends InterCement Deal Talks - TipRanks | 11/20/2024 |
About Companhia Siderurgica Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Companhia or other stocks. Alpha measures the amount that position in Companhia Siderurgica has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2020 | 2022 (projected) | Dividend Yield | 0.009763 | 0.22 | Price To Sales Ratio | 1.05 | 0.38 |
Companhia Siderurgica Upcoming Company Events
As portrayed in its financial statements, the presentation of Companhia Siderurgica's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Companhia Siderurgica's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Companhia Siderurgica's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Companhia Siderurgica. Please utilize our Beneish M Score to check the likelihood of Companhia Siderurgica's management manipulating its earnings.
| 13th of March 2024 Upcoming Quarterly Report | View | |
| 1st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 13th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Check out Companhia Siderurgica Backtesting, Companhia Siderurgica Valuation, Companhia Siderurgica Correlation, Companhia Siderurgica Hype Analysis, Companhia Siderurgica Volatility, Companhia Siderurgica History and analyze Companhia Siderurgica Performance. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Companhia Siderurgica 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.