Steel Connect Stock Alpha and Beta Analysis
| STCN Stock | USD 12.56 0.10 0.80% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Steel Connect. It also helps investors analyze the systematic and unsystematic risks associated with investing in Steel Connect over a specified time horizon. Remember, high Steel Connect's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Steel Connect's market risk premium analysis include:
Beta 0.24 | Alpha 0.11 | Risk 4.01 | Sharpe Ratio 0.0744 | Expected Return 0.3 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Steel |
Steel Connect Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Steel Connect market risk premium is the additional return an investor will receive from holding Steel Connect long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Steel Connect. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Steel Connect's performance over market.| α | 0.11 | β | 0.24 |
Steel Connect expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Steel Connect's Buy-and-hold return. Our buy-and-hold chart shows how Steel Connect performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Steel Connect Market Price Analysis
Market price analysis indicators help investors to evaluate how Steel Connect stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Steel Connect shares will generate the highest return on investment. By understating and applying Steel Connect stock market price indicators, traders can identify Steel Connect position entry and exit signals to maximize returns.
Steel Connect Return and Market Media
The median price of Steel Connect for the period between Tue, Sep 3, 2024 and Mon, Dec 2, 2024 is 10.49 with a coefficient of variation of 5.77. The daily time series for the period is distributed with a sample standard deviation of 0.61, arithmetic mean of 10.55, and mean deviation of 0.48. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Steel Connect Calls on DMC Global to Meaningfully Engage Around Acquisition Proposal that Would Provide Certain, Premium Value to Shareholders - StockTitan | 09/17/2024 |
2 | Acquisition by Fenton Jeffrey J of 2304 shares of Steel Connect subject to Rule 16b-3 | 10/01/2024 |
3 | Acquisition by Simril Renata of 2304 shares of Steel Connect subject to Rule 16b-3 | 10/10/2024 |
4 | Acquisition by Steel Partners Holdings L.p. of 439673 shares of Steel Connect at 12.0 subject to Rule 16b-3 | 10/11/2024 |
5 | Steel Connect Fiscal Q4 Earnings Snapshot | 11/06/2024 |
6 | Proactive Strategies - Stock Traders Daily | 11/15/2024 |
7 | Steel Connect announces cash merger with Steel Partners | 11/29/2024 |
About Steel Connect Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Steel or other stocks. Alpha measures the amount that position in Steel Connect has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0263 | 0.0348 | 0.0266 | 0.0253 | Price To Sales Ratio | 0.4 | 0.32 | 0.46 | 0.44 |
Steel Connect Upcoming Company Events
As portrayed in its financial statements, the presentation of Steel Connect's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Steel Connect's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Steel Connect's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Steel Connect. Please utilize our Beneish M Score to check the likelihood of Steel Connect's management manipulating its earnings.
| 20th of March 2024 Upcoming Quarterly Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View |
Build Portfolio with Steel Connect
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Steel Connect Backtesting, Steel Connect Valuation, Steel Connect Correlation, Steel Connect Hype Analysis, Steel Connect Volatility, Steel Connect History and analyze Steel Connect Performance. To learn how to invest in Steel Stock, please use our How to Invest in Steel Connect guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Steel Connect 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.