Olympic Steel Stock Alpha and Beta Analysis
| ZEUS Stock | USD 40.76 0.27 0.67% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Olympic Steel. It also helps investors analyze the systematic and unsystematic risks associated with investing in Olympic Steel over a specified time horizon. Remember, high Olympic Steel'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 Olympic Steel's market risk premium analysis include:
Beta 2.32 | Alpha (0.16) | Risk 2.84 | Sharpe Ratio 0.0105 | Expected Return 0.0299 |
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.
Olympic |
Olympic Steel Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Olympic Steel market risk premium is the additional return an investor will receive from holding Olympic Steel 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 Olympic Steel. 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 Olympic Steel's performance over market.| α | -0.16 | β | 2.32 |
Olympic Steel 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 Olympic Steel's Buy-and-hold return. Our buy-and-hold chart shows how Olympic Steel performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Olympic Steel Market Price Analysis
Market price analysis indicators help investors to evaluate how Olympic Steel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Olympic Steel shares will generate the highest return on investment. By understating and applying Olympic Steel stock market price indicators, traders can identify Olympic Steel position entry and exit signals to maximize returns.
Olympic Steel Return and Market Media
The median price of Olympic Steel for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 38.92 with a coefficient of variation of 4.12. The daily time series for the period is distributed with a sample standard deviation of 1.6, arithmetic mean of 38.7, and mean deviation of 1.26. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
| Olympic Steel dividend paid on 16th of September 2024 | 09/16/2024 |
1 | Olympic Steel Inc Trading 3.14 percent Higher on Sep 24 | 09/24/2024 |
2 | Webcast Alert Olympic Steel to Announce Third-Quarter 2024 Financial Results After Market Closes on October 31, 2024 | 10/03/2024 |
3 | State Street Corps Strategic Adjustment in Olympic Steel Holdings | 10/18/2024 |
4 | Olympic Steel Q3 2024 Earnings Preview | 10/30/2024 |
5 | Olympic Steel Reports Third-Quarter 2024 Results | 10/31/2024 |
6 | Olympic Steel declares 0.15 dividend | 11/01/2024 |
7 | Child Clinical Psychologist Unveils New Childrens Book about a Young Terriers Journey to Resilience | 11/18/2024 |
About Olympic Steel 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 Olympic or other stocks. Alpha measures the amount that position in Olympic Steel 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.
| 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0103 | 0.007211 | 0.00685 | Price To Sales Ratio | 0.15 | 0.36 | 0.23 |
Olympic Steel Upcoming Company Events
As portrayed in its financial statements, the presentation of Olympic Steel's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Olympic Steel's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Olympic Steel's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Olympic Steel. Please utilize our Beneish M Score to check the likelihood of Olympic Steel's management manipulating its earnings.
| 22nd of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 22nd of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Olympic Steel
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Additional Tools for Olympic Stock Analysis
When running Olympic Steel's price analysis, check to measure Olympic 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 Olympic Steel is operating at the current time. Most of Olympic Steel's value examination focuses on studying past and present price action to predict the probability of Olympic 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 Olympic Steel's price. Additionally, you may evaluate how the addition of Olympic Steel to your portfolios can decrease your overall portfolio volatility.