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| SS1A Stock | 14.10 0.20 1.40% |
Slightly above 62% of Schnitzer Steel's investor base is looking to short. The analysis of current outlook of investing in Schnitzer Steel Industries suggests that many traders are alarmed regarding Schnitzer Steel's prospects. Schnitzer Steel's investing sentiment can be driven by a variety of factors including economic data, Schnitzer Steel's earnings reports, geopolitical events, and overall market trends.
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10 Art Shows to See in LA This September Hyperallergic
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Schnitzer Steel Fundamental Analysis
We analyze Schnitzer Steel's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Schnitzer Steel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Schnitzer 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.
Z Score
Z Score Comparative Analysis
Schnitzer Steel is currently under evaluation in z score category among its peers. Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Schnitzer Steel Indu 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 Schnitzer Steel stock to make a market-neutral strategy. Peer analysis of Schnitzer Steel could also be used in its relative valuation, which is a method of valuing Schnitzer Steel by comparing valuation metrics with similar companies.
Peers
Schnitzer Steel Related Equities
| A1G | American Airlines | 4.38 | ||||
| VTE1 | ASURE SOFTWARE | 2.70 | ||||
| TMD0 | CVW CLEANTECH | 1.72 | ||||
| SWN | Southwest Airlines | 0.40 | ||||
| KDIC | Kingdee International | 1.02 | ||||
| JAL | JAPAN AIRLINES | 1.32 | ||||
| TKE | Take-Two Interactive | 2.77 |
Additional Tools for Schnitzer Stock Analysis
When running Schnitzer Steel's price analysis, check to measure Schnitzer 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 Schnitzer Steel is operating at the current time. Most of Schnitzer Steel's value examination focuses on studying past and present price action to predict the probability of Schnitzer 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 Schnitzer Steel's price. Additionally, you may evaluate how the addition of Schnitzer Steel to your portfolios can decrease your overall portfolio volatility.