Steel Dynamics Stock Probability of Future Stock Price Finishing Under 136.9
| STLD Stock | USD 135.46 4.67 3.57% |
Closest to current price Steel long CALL Option Payoff at Expiration
Steel |
Steel Dynamics Target Price Odds to finish below 136.9
The tendency of Steel Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 136.90 after 90 days |
| 135.46 | 90 days | 136.90 | about 64.05 |
Based on a normal probability distribution, the odds of Steel Dynamics to stay under $ 136.90 after 90 days from now is about 64.05 (This Steel Dynamics probability density function shows the probability of Steel Stock to fall within a particular range of prices over 90 days) . Probability of Steel Dynamics price to stay between its current price of $ 135.46 and $ 136.90 at the end of the 90-day period is about 6.03 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.26 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Steel Dynamics will likely underperform. Additionally Steel Dynamics has an alpha of 0.0511, implying that it can generate a 0.0511 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Steel Dynamics Price Density |
| Price |
Predictive Modules for Steel Dynamics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Steel Dynamics. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Steel Dynamics' 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.
Steel Dynamics Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Steel Dynamics is not an exception. The market had few large corrections towards the Steel Dynamics' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Steel Dynamics, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Steel Dynamics within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.05 | |
β | Beta against NYSE Composite | 1.26 | |
σ | Overall volatility | 9.13 | |
Ir | Information ratio | 0.04 |
Steel Dynamics Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Steel Dynamics for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Steel Dynamics can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Steel Dynamics is unlikely to experience financial distress in the next 2 years | |
| Over 87.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: Are Basic Materials Stocks Lagging Linde PLC This Year |
Steel Dynamics Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Steel Stock often depends not only on the future outlook of the current and potential Steel Dynamics' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Steel Dynamics' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 167.4 M | |
| Cash And Short Term Investments | 2.1 B |
Steel Dynamics Technical Analysis
Steel Dynamics' future price can be derived by breaking down and analyzing its technical indicators over time. Steel Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Steel Dynamics. In general, you should focus on analyzing Steel Stock price patterns and their correlations with different microeconomic environments and drivers.
Steel Dynamics Predictive Forecast Models
Steel Dynamics' time-series forecasting models is one of many Steel Dynamics' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Steel Dynamics' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Steel Dynamics
Checking the ongoing alerts about Steel Dynamics for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Steel Dynamics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Steel Dynamics is unlikely to experience financial distress in the next 2 years | |
| Over 87.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: Are Basic Materials Stocks Lagging Linde PLC This Year |
Check out Steel Dynamics Backtesting, Steel Dynamics Valuation, Steel Dynamics Correlation, Steel Dynamics Hype Analysis, Steel Dynamics Volatility, Steel Dynamics History as well as Steel Dynamics Performance. For information on how to trade Steel Stock refer to our How to Trade Steel Stock guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Steel Stock analysis
When running Steel Dynamics' price analysis, check to measure Steel Dynamics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Steel Dynamics is operating at the current time. Most of Steel Dynamics' value examination focuses on studying past and present price action to predict the probability of Steel Dynamics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steel Dynamics' price. Additionally, you may evaluate how the addition of Steel Dynamics to your portfolios can decrease your overall portfolio volatility.
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Is Steel Dynamics' industry 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 Steel Dynamics. If investors know Steel 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 Steel Dynamics 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 (0.01) | Dividend Share 1.735 | Earnings Share 14.61 | Revenue Per Share 113.864 | Quarterly Revenue Growth (0.04) |
The market value of Steel Dynamics is measured differently than its book value, which is the value of Steel that is recorded on the company's balance sheet. Investors also form their own opinion of Steel Dynamics' value that differs from its market value or its book value, called intrinsic value, which is Steel Dynamics' 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 Steel Dynamics' market value can be influenced by many factors that don't directly affect Steel Dynamics' 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 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.