Steel Dynamics (Germany) Market Value

SD5 Stock  EUR 112.24  0.70  0.62%   
Steel Dynamics' market value is the price at which a share of Steel Dynamics trades on a public exchange. It measures the collective expectations of Steel Dynamics investors about its performance. Steel Dynamics is trading at 112.24 as of the 16th of March 2025. This is a 0.62 percent decrease since the beginning of the trading day. The stock's lowest day price was 112.24.
With this module, you can estimate the performance of a buy and hold strategy of Steel Dynamics and determine expected loss or profit from investing in Steel Dynamics over a given investment horizon. Check out Steel Dynamics Correlation, Steel Dynamics Volatility and Steel Dynamics Alpha and Beta module to complement your research on Steel Dynamics.
For more detail on how to invest in Steel Stock please use our How to Invest in Steel Dynamics guide.
Symbol

Please note, there is a significant difference between Steel Dynamics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Steel Dynamics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steel Dynamics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Steel Dynamics '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 Steel Dynamics' 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 Steel Dynamics.
0.00
12/16/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/16/2025
0.00
If you would invest  0.00  in Steel Dynamics on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Steel Dynamics or generate 0.0% return on investment in Steel Dynamics over 90 days. Steel Dynamics is related to or competes with Spirent Communications, Internet Thailand, United Internet, Computer, Motorcar Parts, Check Point, and GEELY AUTOMOBILE. Steel Dynamics, Inc., together with its subsidiaries, engages in the steel products manufacturing and metals recycling b... More

Steel Dynamics 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 Steel Dynamics' 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 Steel Dynamics upside and downside potential and time the market with a certain degree of confidence.

Steel Dynamics Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Steel Dynamics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steel Dynamics' standard deviation. In reality, there are many statistical measures that can use Steel Dynamics historical prices to predict the future Steel Dynamics' volatility.
Hype
Prediction
LowEstimatedHigh
110.11112.24114.37
Details
Intrinsic
Valuation
LowRealHigh
98.99101.12123.46
Details
Naive
Forecast
LowNextHigh
103.98106.11108.25
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
105.69118.05130.41
Details

Steel Dynamics Backtested Returns

Steel Dynamics owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % return per unit of risk over the last 3 months. Steel Dynamics exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Steel Dynamics' Coefficient Of Variation of (976.34), variance of 4.87, and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity has a beta of 0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Steel Dynamics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Steel Dynamics is expected to be smaller as well. At this point, Steel Dynamics has a negative expected return of -0.0145%. Please make sure to validate Steel Dynamics' standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if Steel Dynamics performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.31  

Poor reverse predictability

Steel Dynamics has poor reverse predictability. Overlapping area represents the amount of predictability between Steel Dynamics time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Steel Dynamics price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Steel Dynamics price fluctuation can be explain by its past prices.
Correlation Coefficient-0.31
Spearman Rank Test-0.01
Residual Average0.0
Price Variance28.13

Steel Dynamics lagged returns against current returns

Autocorrelation, which is Steel Dynamics 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 Steel Dynamics' stock expected returns. We can calculate the autocorrelation of Steel Dynamics returns to help us make a trade decision. For example, suppose you find that Steel Dynamics 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  

Steel Dynamics 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 Steel Dynamics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steel Dynamics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Steel Dynamics stock over time.
   Current vs Lagged Prices   
       Timeline  

Steel Dynamics Lagged Returns

When evaluating Steel Dynamics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Steel Dynamics stock have on its future price. Steel Dynamics 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, Steel Dynamics autocorrelation shows the relationship between Steel Dynamics stock current value and its past values and can show if there is a momentum factor associated with investing in Steel Dynamics.
   Regressed Prices   
       Timeline  

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Additional Information and Resources on Investing in Steel Stock

When determining whether Steel Dynamics is a strong investment it is important to analyze Steel Dynamics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Steel Dynamics' future performance. For an informed investment choice regarding Steel Stock, refer to the following important reports:
Check out Steel Dynamics Correlation, Steel Dynamics Volatility and Steel Dynamics Alpha and Beta module to complement your research on Steel Dynamics.
For more detail on how to invest in Steel Stock please use our How to Invest in Steel Dynamics guide.
You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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...