Olympic Steel (Germany) Market Value
| OYS Stock | 31.20 0.20 0.65% |
| Symbol | Olympic |
Olympic Steel 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Olympic Steel's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Olympic Steel.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Olympic Steel on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Olympic Steel or generate 0.0% return on investment in Olympic Steel over 60 days. Olympic Steel is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More
Olympic Steel Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Olympic Steel's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Olympic Steel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 17.93 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 4.2 |
Olympic Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Olympic Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Olympic Steel's standard deviation. In reality, there are many statistical measures that can use Olympic Steel historical prices to predict the future Olympic Steel's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 0.3242 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Olympic Steel's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Olympic Steel Backtested Returns
Olympic Steel maintains Sharpe Ratio (i.e., Efficiency) of -0.0481, which implies the firm had a -0.0481% return per unit of risk over the last 3 months. Olympic Steel exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Olympic Steel's Risk Adjusted Performance of (0.03), coefficient of variation of (2,360), and Variance of 8.19 to confirm the risk estimate we provide. The company holds a Beta of -0.4, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Olympic Steel are expected to decrease at a much lower rate. During the bear market, Olympic Steel is likely to outperform the market. At this point, Olympic Steel has a negative expected return of -0.14%. Please make sure to check Olympic Steel's potential upside, daily balance of power, as well as the relationship between the Daily Balance Of Power and market facilitation index , to decide if Olympic Steel performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
Olympic Steel has good reverse predictability. Overlapping area represents the amount of predictability between Olympic Steel time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Olympic Steel price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Olympic Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 10.39 |
Olympic Steel lagged returns against current returns
Autocorrelation, which is Olympic Steel stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Olympic Steel's stock expected returns. We can calculate the autocorrelation of Olympic Steel returns to help us make a trade decision. For example, suppose you find that Olympic Steel has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Olympic Steel regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Olympic Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Olympic Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Olympic Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Olympic Steel Lagged Returns
When evaluating Olympic Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Olympic Steel stock have on its future price. Olympic Steel autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Olympic Steel autocorrelation shows the relationship between Olympic Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Olympic Steel.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Olympic Stock Analysis
When running Olympic Steel's price analysis, check to measure Olympic 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 Olympic Steel is operating at the current time. Most of Olympic Steel's value examination focuses on studying past and present price action to predict the probability of Olympic 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 Olympic Steel's price. Additionally, you may evaluate how the addition of Olympic Steel to your portfolios can decrease your overall portfolio volatility.