Steel Connect Stock Price on August 11, 2023
If you're considering investing in Steel Stock, it is important to understand the factors that can impact its price. As of now, Steel Stock is somewhat reliable. Steel Connect owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0418, which indicates the firm had a 0.0418% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Steel Connect, which you can use to evaluate the volatility of the company. Please validate Steel Connect's Risk Adjusted Performance of 0.0382, semi deviation of 2.44, and Coefficient Of Variation of 2394.53 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%.
Steel Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Steel |
Sharpe Ratio = 0.0418
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Estimated Market Risk
| 3.66 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Steel Connect is performing at about 3% 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.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
Steel Connect Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
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Steel Connect December 11, 2024 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 | 0.0382 | |||
| Jensen Alpha | 0.103 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | 0.0108 | |||
| Treynor Ratio | 0.4097 |
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Check out World Market Map to better understand how to build diversified portfolios. 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Other Tools for Steel Stock
When running Steel Connect's price analysis, check to measure Steel Connect'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 Steel Connect is operating at the current time. Most of Steel Connect's value examination focuses on studying past and present price action to predict the probability of Steel Connect's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steel Connect's price. Additionally, you may evaluate how the addition of Steel Connect to your portfolios can decrease your overall portfolio volatility.
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