Steel Partners Stock Forecast - Period Momentum Indicator
| SPLP Stock | USD 35.49 0.11 0.31% |
Steel Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Steel Partners stock prices and determine the direction of Steel Partners Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Steel Partners' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Steel Partners' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Steel Partners' systematic risk associated with finding meaningful patterns of Steel Partners fundamentals over time.
Check out Historical Fundamental Analysis of Steel Partners to cross-verify your projections. Steel |
Most investors in Steel Partners cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Steel Partners' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Steel Partners' price structures and extracts relationships that further increase the generated results' accuracy.
Momentum indicator evaluates the difference between todays closing price and the close price n periods ago. It is the velocity with which the price is rising or falling. It also reflects how aggressively the asset is purchased or sold by the public.| Check Steel Partners Volatility | Backtest Steel Partners | Information Ratio |
Steel Partners Trading Date Momentum
| On May 02 2024 Steel Partners Holdings was traded for 35.49 at the closing time. The top price for the day was 35.50 and the lowest listed price was 35.49 . The trading volume for the day was 878. The trading history from May 2, 2024 did not result in any price rise and fall. The trading price change against the current closing price is 0.03% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
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Other Forecasting Options for Steel Partners
For every potential investor in Steel, whether a beginner or expert, Steel Partners' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Steel Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Steel. Basic forecasting techniques help filter out the noise by identifying Steel Partners' price trends.Steel Partners Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Steel Partners stock to make a market-neutral strategy. Peer analysis of Steel Partners could also be used in its relative valuation, which is a method of valuing Steel Partners by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Steel Partners Holdings Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Steel Partners' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Steel Partners' current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
Steel Partners Market Strength Events
Market strength indicators help investors to evaluate how Steel Partners 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 Partners shares will generate the highest return on investment. By undertsting and applying Steel Partners stock market strength indicators, traders can identify Steel Partners Holdings entry and exit signals to maximize returns.
| Accumulation Distribution | 0.25 | |||
| Daily Balance Of Power | 11.0 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 35.5 | |||
| Day Typical Price | 35.49 | |||
| Price Action Indicator | 0.05 | |||
| Period Momentum Indicator | 0.11 |
Steel Partners Risk Indicators
The analysis of Steel Partners' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Steel Partners' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting steel stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.28 | |||
| Standard Deviation | 1.85 | |||
| Variance | 3.42 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Currently Active Assets on Macroaxis
When determining whether Steel Partners Holdings is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Steel Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Steel Partners Holdings Stock. Highlighted below are key reports to facilitate an investment decision about Steel Partners Holdings Stock:Check out Historical Fundamental Analysis of Steel Partners to cross-verify your projections. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Steel Stock analysis
When running Steel Partners' price analysis, check to measure Steel Partners' 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 Partners is operating at the current time. Most of Steel Partners' value examination focuses on studying past and present price action to predict the probability of Steel Partners' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steel Partners' price. Additionally, you may evaluate how the addition of Steel Partners to your portfolios can decrease your overall portfolio volatility.
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Is Steel Partners' 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 Partners. 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 Partners 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 (0.38) | Earnings Share 6.43 | Revenue Per Share 88.899 | Quarterly Revenue Growth 0.105 | Return On Assets 0.0286 |
The market value of Steel Partners Holdings 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 Partners' value that differs from its market value or its book value, called intrinsic value, which is Steel Partners' 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 Partners' market value can be influenced by many factors that don't directly affect Steel Partners' 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 Partners' value and its price as these two are different measures arrived at by different means. Investors typically determine if Steel Partners is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steel Partners' 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.