Steel Connect Price on February 2, 2023
| STCNDelisted Stock | USD 12.18 0.29 2.33% |
If you're considering investing in Steel Stock, it is important to understand the factors that can impact its price. As of today, the current price of Steel Connect stands at 12.18, as last reported on the 5th of January, with the highest price reaching 12.58 and the lowest price hitting 12.00 during the day. Steel Connect appears to be somewhat reliable, given 3 months investment horizon. Steel Connect owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0841, which indicates the firm had a 0.0841% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Steel Connect, which you can use to evaluate the volatility of the company. Please review Steel Connect's Coefficient Of Variation of 1268.82, risk adjusted performance of 0.0716, and Semi Deviation of 2.04 to confirm if our risk estimates are consistent with your expectations.
Steel Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Steel |
Sharpe Ratio = 0.0841
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Estimated Market Risk
| 3.56 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.3 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Steel Connect is performing at about 6% of its full potential. 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 Steel Connect by adding it to a well-diversified portfolio.
Steel Connect Valuation on February 2, 2023
It is possible to determine the worth of Steel Connect on a given historical date. On February 2, 2023 Steel was worth 12.41 at the beginning of the trading date compared to the closed value of 12.23. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Steel Connect stock. Still, in general, we apply an absolute valuation method to find Steel Connect'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 Steel Connect where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Steel Connect's related companies.
| Open | High | Low | Close | Volume | |
| 12.41 | 12.69 | 11.85 | 12.04 | 2,574 | |
02/02/2023 | 12.41 | 12.51 | 12.04 | 12.23 | 7,109 |
| 12.41 | 12.79 | 12.32 | 12.60 | 4,735 |
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Steel Connect Trading Date Momentum on February 2, 2023
| On February 03 2023 Steel Connect was traded for 12.60 at the closing time. The top price for the day was 12.79 and the lowest listed price was 12.32 . The trading volume for the day was 4.7 K. The trading history from February 3, 2023 was a factor to the next trading day price boost. The trading price change against the next closing price was 3.03% . The trading price change against the current closing price is 0.82% . |
Steel Connect Fundamentals Correlations and Trends
By evaluating Steel Connect'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 Steel Connect's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Steel financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Steel Connect Stock history
Steel Connect 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 Steel is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Steel Connect 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 Steel Connect stock prices may prove useful in developing a viable investing in Steel Connect
Steel Connect, Inc., together with its subsidiaries, provides direct marketing and supply chain services in the United States, Mainland China, and internationally. Steel Connect, Inc. was incorporated in 1986 and is headquartered in Smyrna, Tennessee. Steel Connect operates under Advertising Agencies classification in the United States and is traded on NASDAQ Exchange. It employs 3120 people.
Steel Connect Stock Technical Analysis
Steel Connect 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, delisted stock market cycles, or different charting patterns.
Price Boundaries
Steel Connect Period Price Range
Low | January 5, 2025
| High |
0.00 | 0.00 |
Steel Connect cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
Steel Connect January 5, 2025 Market Strength
Market strength indicators help investors to evaluate how Steel Connect stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Steel Connect shares will generate the highest return on investment. By undertsting and applying Steel Connect stock market strength indicators, traders can identify Steel Connect entry and exit signals to maximize returns
Steel Connect Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Steel Connect's price direction in advance. Along with the technical and fundamental analysis of Steel Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Steel 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 | 0.0716 | |||
| Jensen Alpha | 0.2653 | |||
| Total Risk Alpha | 0.2103 | |||
| Sortino Ratio | 0.1046 | |||
| Treynor Ratio | (1.39) |
| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
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| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steel Connect. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Other Consideration for investing in Steel Stock
If you are still planning to invest in Steel Connect check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Steel Connect's history and understand the potential risks before investing.
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