Steel Dynamics Stock Price on January 6, 2025

STLD Stock  USD 119.81  1.17  0.99%   
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 Dynamics stands at 119.81, as last reported on the 8th of January, with the highest price reaching 121.34 and the lowest price hitting 118.73 during the day. Steel Dynamics owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0289, which indicates the firm had a -0.0289% return per unit of risk over the last 3 months. Steel Dynamics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Steel Dynamics' Variance of 6.82, risk adjusted performance of (0.02), and Coefficient Of Variation of (3,466) to confirm the risk estimate we provide.
  
Steel Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0289

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Estimated Market Risk

 2.61
  actual daily
23
77% of assets are more volatile

Expected Return

 -0.08
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.03
  actual daily
0
Most of other assets perform better
Based on monthly moving average Steel Dynamics 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 Steel Dynamics by adding Steel Dynamics to a well-diversified portfolio.

Related Headline

Reliance Steel Headline on 6th of January 2025

Filed transaction by Reliance Steel Aluminum Officer: Svp, Cfo. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)

Steel Dynamics Valuation on January 6, 2025

It is possible to determine the worth of Steel Dynamics on a given historical date. On January 6, 2025 Steel was worth 114.54 at the beginning of the trading date compared to the closed value of 118.64. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Steel Dynamics stock. Still, in general, we apply an absolute valuation method to find Steel Dynamics' 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 Dynamics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Steel Dynamics' related companies.
 Open High Low Close Volume
  113.31    113.82    110.91    113.15    2,229,399  
01/06/2025
  114.54    119.95    114.54    118.64    2,176,741  
  119.10    121.34    118.73    119.81    1,961,303  
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Open Value
114.54
106.71
Downside
118.64
Closing Value
122.37
Upside

Steel Dynamics Trading Date Momentum on January 6, 2025

On January 07 2025 Steel Dynamics was traded for  119.81  at the closing time. The top price for the day was 121.34  and the lowest listed price was  118.73 . The trading volume for the day was 2 M. The trading history from January 7, 2025 was a factor to the next trading day price growth. The trading price change against the next closing price was 0.99% . The trading price change against the current closing price is 0.39% .

Steel Dynamics Fundamentals Correlations and Trends

By evaluating Steel Dynamics' 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 Dynamics' 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 Dynamics Stock history

Steel Dynamics 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 Dynamics 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 Dynamics stock prices may prove useful in developing a viable investing in Steel Dynamics
Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. Steel Dynamics, Inc. was incorporated in 1993 and is headquartered in Fort Wayne, Indiana. Steel Dynamics operates under Steel classification in the United States and is traded on NASDAQ Exchange. It employs 10640 people.

Steel Dynamics Stock Technical Analysis

Steel Dynamics 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.
A focus of Steel Dynamics technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Steel Dynamics trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Steel Dynamics Period Price Range

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January 8, 2025
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Steel Dynamics 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 Dynamics January 8, 2025 Market Strength

Market strength indicators help investors to evaluate how Steel Dynamics 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 Dynamics shares will generate the highest return on investment. By undertsting and applying Steel Dynamics stock market strength indicators, traders can identify Steel Dynamics entry and exit signals to maximize returns

Steel Dynamics Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Steel Dynamics' 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.

Complementary Tools for Steel Stock analysis

When running Steel Dynamics' price analysis, check to measure Steel Dynamics' 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 Dynamics is operating at the current time. Most of Steel Dynamics' value examination focuses on studying past and present price action to predict the probability of Steel Dynamics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steel Dynamics' price. Additionally, you may evaluate how the addition of Steel Dynamics to your portfolios can decrease your overall portfolio volatility.
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