Olympic Steel buys Georgia-based metal canopy manufacturer - Crains Cleveland Business
| OYS Stock | 30.60 0.40 1.29% |
Slightly above 61% of Olympic Steel's investor base is looking to short. The analysis of current outlook of investing in Olympic Steel suggests that many traders are alarmed regarding Olympic Steel's prospects. Olympic Steel's investing sentiment can be driven by a variety of factors including economic data, Olympic Steel's earnings reports, geopolitical events, and overall market trends.
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Olympic Steel buys Georgia-based metal canopy manufacturer Crains Cleveland Business
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Olympic Steel Fundamental Analysis
We analyze Olympic Steel's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Olympic Steel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Olympic Steel based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Valuation
Current Valuation Comparative Analysis
Olympic Steel is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Olympic Steel Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Olympic Steel stock to make a market-neutral strategy. Peer analysis of Olympic Steel could also be used in its relative valuation, which is a method of valuing Olympic Steel by comparing valuation metrics with similar companies.
Peers
Olympic Steel Related Equities
Additional Tools for Olympic Stock Analysis
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