Steris Plc Stock Market Value
| STE Stock | USD 226.63 4.18 1.88% |
| Symbol | STERIS |
STERIS plc Price To Book Ratio
Is Health Care Equipment & Supplies 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 STERIS Plc. If investors know STERIS 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 STERIS Plc 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 0.238 | Dividend Share 2.18 | Earnings Share 6.22 | Revenue Per Share | Quarterly Revenue Growth 0.056 |
The market value of STERIS plc is measured differently than its book value, which is the value of STERIS that is recorded on the company's balance sheet. Investors also form their own opinion of STERIS Plc's value that differs from its market value or its book value, called intrinsic value, which is STERIS Plc'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 STERIS Plc's market value can be influenced by many factors that don't directly affect STERIS Plc'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 STERIS Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if STERIS Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, STERIS Plc'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.
STERIS Plc '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 STERIS Plc'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 STERIS Plc.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in STERIS Plc on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding STERIS plc or generate 0.0% return on investment in STERIS Plc over 90 days. STERIS Plc is related to or competes with Orthofix Medical, Glaukos Corp, Bruker, CONMED, Anika Therapeutics, Integer Holdings, and ZimVie. STERIS plc provides infection prevention and other procedural products and services worldwide More
STERIS Plc 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 STERIS Plc'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 STERIS plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | 0.1466 | |||
| Maximum Drawdown | 5.46 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 2.12 |
STERIS Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STERIS Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STERIS Plc's standard deviation. In reality, there are many statistical measures that can use STERIS Plc historical prices to predict the future STERIS Plc's volatility.| Risk Adjusted Performance | 0.0324 | |||
| Jensen Alpha | 0.0819 | |||
| Total Risk Alpha | 0.2311 | |||
| Sortino Ratio | 0.1692 | |||
| Treynor Ratio | 0.0888 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of STERIS Plc'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.
STERIS plc Backtested Returns
At this point, STERIS Plc is very steady. STERIS plc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11 % return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for STERIS plc, which you can use to evaluate the volatility of the company. Please validate STERIS Plc's risk adjusted performance of 0.0324, and Coefficient Of Variation of 2857.18 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. STERIS Plc has a performance score of 8 on a scale of 0 to 100. The entity has a beta of 0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, STERIS Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding STERIS Plc is expected to be smaller as well. STERIS plc currently has a risk of 1.12%. Please validate STERIS Plc potential upside, and the relationship between the total risk alpha and kurtosis , to decide if STERIS Plc will be following its existing price patterns.
Auto-correlation | 0.82 |
Very good predictability
STERIS plc has very good predictability. Overlapping area represents the amount of predictability between STERIS Plc time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 STERIS plc price movement. The serial correlation of 0.82 indicates that around 82.0% of current STERIS Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 15.83 |
STERIS plc lagged returns against current returns
Autocorrelation, which is STERIS Plc 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 STERIS Plc's stock expected returns. We can calculate the autocorrelation of STERIS Plc returns to help us make a trade decision. For example, suppose you find that STERIS Plc 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 |
STERIS Plc 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 STERIS Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STERIS Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STERIS Plc stock over time.
Current vs Lagged Prices |
| Timeline |
STERIS Plc Lagged Returns
When evaluating STERIS Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STERIS Plc stock have on its future price. STERIS Plc 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, STERIS Plc autocorrelation shows the relationship between STERIS Plc stock current value and its past values and can show if there is a momentum factor associated with investing in STERIS plc.
Regressed Prices |
| Timeline |
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 STERIS plc is a strong investment it is important to analyze STERIS Plc'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 STERIS Plc's future performance. For an informed investment choice regarding STERIS Stock, refer to the following important reports:Check out STERIS Plc Correlation, STERIS Plc Volatility and STERIS Plc Alpha and Beta module to complement your research on STERIS Plc. For information on how to trade STERIS Stock refer to our How to Trade STERIS Stock guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
STERIS Plc 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.