Olympic Steel (Germany) Price on July 12, 2024
| OYS Stock | 30.60 0.40 1.29% |
If you're considering investing in Olympic Stock, it is important to understand the factors that can impact its price. As of today, the current price of Olympic Steel stands at 30.60, as last reported on the 7th of January, with the highest price reaching 30.80 and the lowest price hitting 30.60 during the day. Olympic Steel maintains Sharpe Ratio (i.e., Efficiency) of -0.0747, which implies the firm had a -0.0747% return per unit of risk over the last 3 months. Olympic Steel exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Olympic Steel's Coefficient Of Variation of (2,215), risk adjusted performance of (0.03), and Variance of 8.18 to confirm the risk estimate we provide.
Olympic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Olympic |
Sharpe Ratio = -0.0747
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Estimated Market Risk
| 2.97 actual daily | 26 74% of assets are more volatile |
Expected Return
| -0.22 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Olympic Steel is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Olympic Steel by adding Olympic Steel to a well-diversified portfolio.
Olympic Steel Valuation on July 12, 2024
It is possible to determine the worth of Olympic Steel on a given historical date. On July 12, 2024 Olympic was worth 40.28 at the beginning of the trading date compared to the closed value of 41.07. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Olympic Steel stock. Still, in general, we apply an absolute valuation method to find Olympic Steel's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Olympic Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Olympic Steel's related companies.
| Open | High | Low | Close | Volume | |
| 37.30 | 37.30 | 37.30 | 37.30 | 1.00 | |
07/12/2024 | 40.28 | 41.07 | 40.28 | 41.07 | 1.00 |
| 41.27 | 41.87 | 41.27 | 41.87 | 1.00 |
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Olympic Steel Trading Date Momentum on July 12, 2024
| On July 15 2024 Olympic Steel was traded for 41.87 at the closing time. The highest price during the trading period was 41.87 and the lowest recorded bid was listed for 41.27 . There was no trading activity during the period 1.0. Lack of trading volume on July 15, 2024 contributed to the next trading day price appreciation. The trading delta at closing time to the next closing price was 1.95% . The trading delta at closing time to the current price is 6.28% . |
Olympic Steel Fundamentals Correlations and Trends
By evaluating Olympic Steel's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Olympic Steel's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Olympic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Olympic Steel Stock history
Olympic Steel investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Olympic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Olympic Steel will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Olympic Steel stock prices may prove useful in developing a viable investing in Olympic Steel
Olympic Steel Stock Technical Analysis
Olympic Steel 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.
Price Boundaries
Olympic Steel Period Price Range
Low | January 7, 2025
| High |
0.00 | 0.00 |
Olympic Steel cannot be verified against its exchange. Please verify the symbol is currently traded on Stuttgart Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Olympic Steel January 7, 2025 Market Strength
Market strength 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 undertsting and applying Olympic Steel stock market strength indicators, traders can identify Olympic Steel entry and exit signals to maximize returns
Olympic Steel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Olympic Steel's price direction in advance. Along with the technical and fundamental analysis of Olympic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Olympic to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 0.3526 |
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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.