Olympic Steel Stock Price on September 30, 2023
| ZEUS Stock | USD 63.68 0.29 0.46% |
Below is the normalized historical share price chart for Olympic Steel extending back to March 10, 1994. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Olympic Steel stands at 63.68, as last reported on the 4th of May, with the highest price reaching 64.13 and the lowest price hitting 63.02 during the day.
If you're considering investing in Olympic Stock, it is important to understand the factors that can impact its price. Olympic Steel maintains Sharpe Ratio (i.e., Efficiency) of -0.0731, which implies the firm had a -0.0731% return per unit of risk over the last 3 months. Olympic Steel exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Olympic Steel's Risk Adjusted Performance of (0.02), coefficient of variation of (2,264), and Variance of 4.7 to confirm the risk estimate we provide.
At this time, Olympic Steel's Total Stockholder Equity is comparatively stable compared to the past year. Common Stock Shares Outstanding is likely to gain to about 11.7 M in 2024, whereas Other Stockholder Equity is likely to drop slightly above 11.1 M in 2024. . Price To Free Cash Flows Ratio is likely to gain to 6.57 in 2024, whereas Price To Sales Ratio is likely to drop 0.23 in 2024. Olympic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 10th of March 1994 | 200 Day MA 59.3325 | 50 Day MA 67.6628 | Beta 1.654 |
Olympic |
Sharpe Ratio = -0.0731
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ZEUS |
Estimated Market Risk
| 2.46 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.18 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Olympic Steel is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Olympic Steel by adding Olympic Steel to a well-diversified portfolio.
Price Book 1.37 | Enterprise Value Ebitda 9.2878 | Price Sales 0.3521 | Shares Float 10.2 M | Dividend Share 0.375 |
Olympic Steel Valuation on September 30, 2023
It is possible to determine the worth of Olympic Steel on a given historical date. On September 30, 2023 Olympic was worth 56.76 at the beginning of the trading date compared to the closed value of 55.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Olympic Steel stock. Still, in general, we apply an absolute valuation method to find Olympic Steel's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Olympic Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Olympic Steel's related companies.
| Open | High | Low | Close | Volume | |
| 54.61 | 56.74 | 54.61 | 56.20 | 112,260 | |
09/29/2023 | 56.76 | 56.90 | 55.56 | 55.96 | 88,743 |
| 56.40 | 58.71 | 53.49 | 53.74 | 137,853 |
| Backtest Olympic Steel | | | Olympic Steel History | | | Olympic Steel Valuation | Previous | Next |
Olympic Steel Trading Date Momentum on September 30, 2023
| On October 02 2023 Olympic Steel was traded for 53.74 at the closing time. The top price for the day was 58.71 and the lowest listed price was 53.49 . The trading volume for the day was 137.9 K. The trading history from October 2, 2023 was a factor to the next trading day price decrease. The trading date delta against the next closing price was 3.97% . The trading delta at closing time against the current closing price is 9.02% . |
Olympic Steel Fundamentals Correlations and Trends
By evaluating Olympic Steel's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Olympic Steel's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Olympic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Olympic Steel Stock history
Olympic Steel investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Olympic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Olympic Steel will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Olympic Steel stock prices may prove useful in developing a viable investing in Olympic Steel
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 11.6 M | 11.7 M | |
| Net Income Applicable To Common Shares | 104.6 M | 109.8 M |
Olympic Steel Quarterly Net Working Capital |
|
Olympic Steel Stock Technical Analysis
Olympic Steel 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.
Price Boundaries
Olympic Steel Period Price Range
Low | September 29, 2023
| High |
56.76 | 55.96 |
Olympic Steel May 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Olympic Steel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Olympic Steel shares will generate the highest return on investment. By undertsting and applying Olympic Steel stock market strength indicators, traders can identify Olympic Steel entry and exit signals to maximize returns
| Accumulation Distribution | 2089.91 | |||
| Daily Balance Of Power | (0.60) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 56.23 | |||
| Day Typical Price | 56.14 | |||
| Price Action Indicator | (0.67) | |||
| Period Momentum Indicator | 7.72 |
Olympic Steel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Olympic Steel's price direction in advance. Along with the technical and fundamental analysis of Olympic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Olympic to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.3458 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Olympic Steel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Olympic Stock please use our How to Invest in Olympic Steel guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Olympic Stock analysis
When running Olympic Steel's price analysis, check to measure Olympic Steel's 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 Olympic Steel is operating at the current time. Most of Olympic Steel's value examination focuses on studying past and present price action to predict the probability of Olympic Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Olympic Steel's price. Additionally, you may evaluate how the addition of Olympic Steel to your portfolios can decrease your overall portfolio volatility.
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device |
Is Olympic Steel's 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 Olympic Steel. If investors know Olympic 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 Olympic Steel 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 (0.12) | Dividend Share 0.375 | Earnings Share 3.85 | Revenue Per Share 182.104 | Quarterly Revenue Growth (0.08) |
The market value of Olympic Steel is measured differently than its book value, which is the value of Olympic that is recorded on the company's balance sheet. Investors also form their own opinion of Olympic Steel's value that differs from its market value or its book value, called intrinsic value, which is Olympic Steel'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 Olympic Steel's market value can be influenced by many factors that don't directly affect Olympic Steel'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 Olympic Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Olympic Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Olympic Steel'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.