Companhia Siderurgica Nacional Stock Market Value
| SID Stock | USD 1.86 0.08 4.12% |
| Symbol | Companhia |
Companhia Siderurgica Price To Book Ratio
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Companhia Siderurgica. If investors know Companhia will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Companhia Siderurgica listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 33.206 | Dividend Share 0.716 | Earnings Share (0.17) | Revenue Per Share 32.926 | Quarterly Revenue Growth (0.01) |
The market value of Companhia Siderurgica is measured differently than its book value, which is the value of Companhia that is recorded on the company's balance sheet. Investors also form their own opinion of Companhia Siderurgica's value that differs from its market value or its book value, called intrinsic value, which is Companhia Siderurgica's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Companhia Siderurgica's market value can be influenced by many factors that don't directly affect Companhia Siderurgica's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Companhia Siderurgica's value and its price as these two are different measures arrived at by different means. Investors typically determine if Companhia Siderurgica is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Companhia Siderurgica's 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.
Companhia Siderurgica '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 Companhia Siderurgica'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 Companhia Siderurgica.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Companhia Siderurgica on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Companhia Siderurgica Nacional or generate 0.0% return on investment in Companhia Siderurgica over 30 days. Companhia Siderurgica is related to or competes with Ternium SA, ArcelorMittal, Commercial Metals, Outokumpu Oyj, Olympic Steel, Universal Stainless, and POSCO Holdings. Companhia Siderrgica Nacional operates as an integrated steel producer in Brazil and Latin America More
Companhia Siderurgica 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 Companhia Siderurgica'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 Companhia Siderurgica Nacional upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 15.81 | |||
| Value At Risk | (5.11) | |||
| Potential Upside | 4.33 |
Companhia Siderurgica Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Companhia Siderurgica's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Companhia Siderurgica's standard deviation. In reality, there are many statistical measures that can use Companhia Siderurgica historical prices to predict the future Companhia Siderurgica's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | 1.05 |
Companhia Siderurgica Backtested Returns
Companhia Siderurgica secures Sharpe Ratio (or Efficiency) of -0.0659, which signifies that the company had a -0.0659% return per unit of risk over the last 3 months. Companhia Siderurgica Nacional exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Companhia Siderurgica's Standard Deviation of 3.08, mean deviation of 2.34, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Companhia Siderurgica are expected to decrease at a much lower rate. During the bear market, Companhia Siderurgica is likely to outperform the market. At this point, Companhia Siderurgica has a negative expected return of -0.2%. Please make sure to confirm Companhia Siderurgica's potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if Companhia Siderurgica performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
Companhia Siderurgica Nacional has virtually no predictability. Overlapping area represents the amount of predictability between Companhia Siderurgica time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Companhia Siderurgica price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Companhia Siderurgica price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Companhia Siderurgica lagged returns against current returns
Autocorrelation, which is Companhia Siderurgica 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 Companhia Siderurgica's stock expected returns. We can calculate the autocorrelation of Companhia Siderurgica returns to help us make a trade decision. For example, suppose you find that Companhia Siderurgica 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 |
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Companhia Siderurgica 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 Companhia Siderurgica stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Companhia Siderurgica stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Companhia Siderurgica stock over time.
Current vs Lagged Prices |
| Timeline |
Companhia Siderurgica Lagged Returns
When evaluating Companhia Siderurgica's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Companhia Siderurgica stock have on its future price. Companhia Siderurgica 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, Companhia Siderurgica autocorrelation shows the relationship between Companhia Siderurgica stock current value and its past values and can show if there is a momentum factor associated with investing in Companhia Siderurgica Nacional.
Regressed Prices |
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Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Companhia Siderurgica is a strong investment it is important to analyze Companhia Siderurgica's 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 Companhia Siderurgica's future performance. For an informed investment choice regarding Companhia Stock, refer to the following important reports:Check out Companhia Siderurgica Correlation, Companhia Siderurgica Volatility and Companhia Siderurgica Alpha and Beta module to complement your research on Companhia Siderurgica. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Companhia Siderurgica 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.