Steel Dynamics (Germany) Market Value
| SD5 Stock | EUR 112.24 0.70 0.62% |
| Symbol | Steel |
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.
| 12/16/2024 |
| 03/16/2025 |
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.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 11.82 | |||
| Value At Risk | (4.06) | |||
| Potential Upside | 3.72 |
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.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | 0.0404 | |||
| Treynor Ratio | (0.77) |
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), risk adjusted performance of (0.08), and Variance of 4.87 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 Average | 0.0 | |
| Price Variance | 28.13 |
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 |
Currently Active Assets on Macroaxis
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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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.