Steel Dynamics Stock Alpha and Beta Analysis
| STLD Stock | USD 144.04 3.80 2.71% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Steel Dynamics. It also helps investors analyze the systematic and unsystematic risks associated with investing in Steel Dynamics over a specified time horizon. Remember, high Steel Dynamics' 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 Dynamics' market risk premium analysis include:
Beta 2.41 | Alpha 0.15 | Risk 2.58 | Sharpe Ratio 0.12 | Expected Return 0.31 |
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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 Dynamics Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Steel Dynamics market risk premium is the additional return an investor will receive from holding Steel Dynamics 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 Dynamics. 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 Dynamics' performance over market.| α | 0.15 | β | 2.41 |
Steel Dynamics 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 Dynamics' Buy-and-hold return. Our buy-and-hold chart shows how Steel Dynamics performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Steel Dynamics Market Price Analysis
Market price analysis indicators help investors to evaluate how Steel Dynamics 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 Dynamics shares will generate the highest return on investment. By understating and applying Steel Dynamics stock market price indicators, traders can identify Steel Dynamics position entry and exit signals to maximize returns.
Steel Dynamics Return and Market Media
The median price of Steel Dynamics for the period between Fri, Aug 23, 2024 and Thu, Nov 21, 2024 is 128.46 with a coefficient of variation of 8.71. The daily time series for the period is distributed with a sample standard deviation of 11.07, arithmetic mean of 127.07, and mean deviation of 8.93. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Disposition of 661 shares by Barry Schneider of Steel Dynamics at 127.01 subject to Rule 16b-3 | 08/30/2024 |
2 | Steel Dynamics Inc s Winning Formula Financial Metrics and Competitive Strengths | 09/25/2024 |
| Steel Dynamics dividend paid on 11th of October 2024 | 10/11/2024 |
3 | Steel Dynamics Stock Jumps On Q3 Earnings Highlights From The Report | 10/16/2024 |
4 | Disposition of 2500 shares by James Anderson of Steel Dynamics at 130.13 subject to Rule 16b-3 | 10/22/2024 |
5 | Horrell Capital Management Inc. Grows Stock Holdings in Steel Dynamics, Inc. | 10/29/2024 |
6 | Zacks Industry Outlook Highlights Steel Dynamics, Commercial Metals, Companhia Siderurgica Nacional | 11/05/2024 |
7 | Steel Dynamics, Inc. Shares Sold by Spinnaker Trust | 11/06/2024 |
8 | Benign Growth For Steel Dynamics, Inc. Underpins Its Share Price | 11/07/2024 |
9 | Steel Dynamics Announces Fourth Quarter 2024 Cash Dividend | 11/08/2024 |
10 | Insider Sale at Steel Dynamics Inc Senior Vice President Miguel Alvarez Sells 6,650 Shares | 11/13/2024 |
11 | Steel Dynamics Up 2 percent Since Last Earnings Report Can It Continue | 11/15/2024 |
12 | Why Is Nucor Down 0.9 percent Since Last Earnings Report | 11/20/2024 |
About Steel Dynamics 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 Dynamics 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 | 0.0167 | 0.0132 | 0.0138 | 0.0156 | Price To Sales Ratio | 0.69 | 0.8 | 1.05 | 0.99 |
Steel Dynamics Upcoming Company Events
As portrayed in its financial statements, the presentation of Steel Dynamics' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Steel Dynamics' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Steel Dynamics' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Steel Dynamics. Please utilize our Beneish M Score to check the likelihood of Steel Dynamics' management manipulating its earnings.
| 17th of April 2024 Upcoming Quarterly Report | View | |
| 17th of July 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 28th of January 2025 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 31st of December 2023 Last Financial Announcement | View |
Build Portfolio with Steel Dynamics
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 Dynamics Backtesting, Steel Dynamics Valuation, Steel Dynamics Correlation, Steel Dynamics Hype Analysis, Steel Dynamics Volatility, Steel Dynamics History and analyze 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 Commodity Directory module to find actively traded commodities issued by global exchanges.
Steel Dynamics 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.