Steelcase Stock Year To Date Return

SCS Stock  USD 16.15  0.05  0.31%   
Fundamental analysis of Steelcase allows traders to better anticipate movements in Steelcase's stock price by examining its financial health and performance throughout various phases of its business cycle.
  
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Steelcase Company Year To Date Return Analysis

Steelcase's Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.

YTD Return

 = 

(Mean of Monthly Returns - 1)

X

100%

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Steelcase Year To Date Return Driver Correlations

Understanding the fundamental principles of building solid financial models for Steelcase is extremely important. It helps to project a fair market value of Steelcase Stock properly, considering its historical fundamentals such as Year To Date Return. Since Steelcase's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Steelcase's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Steelcase's interrelated accounts and indicators.
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Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
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Steelcase Return On Tangible Assets

Return On Tangible Assets

0.0717

At this time, Steelcase's Return On Tangible Assets are comparatively stable compared to the past year.
Based on the company's disclosures, Steelcase has a Year To Date Return of 0.0%. This indicator is about the same for the Commercial Services & Supplies average (which is currently at 0.0) sector and about the same as Industrials (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).

Steelcase Year To Date Return Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Steelcase's direct or indirect competition against its Year To Date Return to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Steelcase could also be used in its relative valuation, which is a method of valuing Steelcase by comparing valuation metrics of similar companies.
Steelcase is currently under evaluation in year to date return category among its peers.

Steelcase ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Steelcase's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Steelcase's managers, analysts, and investors.
Environmental
Governance
Social

Steelcase Fundamentals

About Steelcase Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Steelcase's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Steelcase using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Steelcase based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Thematic Opportunities

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Additional Tools for Steelcase Stock Analysis

When running Steelcase's price analysis, check to measure Steelcase'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 Steelcase is operating at the current time. Most of Steelcase's value examination focuses on studying past and present price action to predict the probability of Steelcase's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steelcase's price. Additionally, you may evaluate how the addition of Steelcase to your portfolios can decrease your overall portfolio volatility.