Olympic Treasury Stock vs Property Plant Equipment Analysis
ZEUS Stock | USD 53.12 2.57 4.61% |
Olympic Steel financial indicator trend analysis is much more than just breaking down Olympic Steel prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Olympic Steel is a good investment. Please check the relationship between Olympic Steel Treasury Stock and its Property Plant Equipment accounts. 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.
Treasury Stock vs Property Plant Equipment
Treasury Stock vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Olympic Steel Treasury Stock account and Property Plant Equipment. At this time, the significance of the direction appears to have weak relationship.
The correlation between Olympic Steel's Treasury Stock and Property Plant Equipment is 0.32. Overlapping area represents the amount of variation of Treasury Stock that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Olympic Steel, assuming nothing else is changed. The correlation between historical values of Olympic Steel's Treasury Stock and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Treasury Stock of Olympic Steel are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Treasury Stock i.e., Olympic Steel's Treasury Stock and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.32 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Treasury Stock
Property Plant Equipment
Most indicators from Olympic Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Olympic Steel current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.Sales General And Administrative To Revenue is likely to gain to 0.12 in 2024, whereas Selling General Administrative is likely to drop slightly above 137.4 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 510.2M | 486.1M | 447.1M | 235.8M | Total Revenue | 2.3B | 2.6B | 2.2B | 1.2B |
Olympic Steel fundamental ratios Correlations
Click cells to compare fundamentals
Olympic Steel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Olympic Steel fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 649.6M | 640.6M | 1.0B | 891.6M | 1.0B | 534.5M | |
Short Long Term Debt Total | 219.4M | 186.2M | 355.8M | 194.4M | 228.5M | 154.6M | |
Other Current Liab | 26.0M | 33.9M | 69.7M | 57.2M | 51.6M | 54.2M | |
Total Current Liabilities | 101.1M | 126.7M | 224.3M | 164.7M | 180.2M | 102.9M | |
Total Stockholder Equity | 308.4M | 301.0M | 424.4M | 516.0M | 555.5M | 583.3M | |
Property Plant And Equipment Net | 182.6M | 182.6M | 174.8M | 176.6M | 220.5M | 145.3M | |
Net Debt | 213.6M | 180.6M | 346.0M | 182.2M | 215.2M | 144.5M | |
Retained Earnings | 179.3M | 172.8M | 293.0M | 379.9M | 418.9M | 439.8M | |
Accounts Payable | 69.5M | 87.3M | 148.6M | 101.4M | 119.7M | 73.0M | |
Cash | 5.7M | 5.5M | 9.8M | 12.2M | 13.2M | 13.9M | |
Non Current Assets Total | 229.7M | 238.4M | 234.2M | 233.5M | 403.5M | 423.6M | |
Non Currrent Assets Other | 14.4M | 18.1M | 15.2M | 2.7M | (76.2M) | (72.3M) | |
Cash And Short Term Investments | 5.7M | 5.5M | 9.8M | 12.2M | 13.2M | 13.9M | |
Net Receivables | 133.6M | 151.6M | 284.6M | 219.8M | 191.1M | 102.6M | |
Common Stock Shares Outstanding | 11.5M | 11.4M | 11.5M | 11.6M | 11.6M | 11.7M | |
Liabilities And Stockholders Equity | 649.6M | 640.6M | 1.0B | 891.6M | 1.0B | 534.5M | |
Non Current Liabilities Total | 240.1M | 212.9M | 374.8M | 211.0M | 270.9M | 166.1M | |
Inventory | 273.5M | 240.0M | 485.0M | 416.9M | 386.5M | 236.1M | |
Other Current Assets | 7.0M | 5.1M | 10.0M | 9.2M | 12.3M | 7.8M | |
Other Stockholder Equity | (335K) | 28.5M | 28.9M | 1.3M | 11.7M | 11.1M | |
Total Liab | 341.2M | 339.6M | 599.1M | 375.7M | 451.2M | 269.0M | |
Property Plant And Equipment Gross | 182.6M | 434.6M | 147.1M | 148.3M | 539.6M | 566.5M | |
Total Current Assets | 419.8M | 402.2M | 789.4M | 658.1M | 603.2M | 352.0M | |
Accumulated Other Comprehensive Income | (2.3M) | (4.2M) | (2.0M) | 1.3M | 41K | 43.1K | |
Short Term Debt | 5.6M | 5.6M | 5.9M | 6.1M | 8.9M | 8.5M | |
Intangible Assets | 29.3M | 32.6M | 33.7M | 32.0M | 92.6M | 97.3M | |
Good Will | 2.4M | 3.4M | 5.1M | 10.5M | 52.1M | 54.7M | |
Common Stock Total Equity | 131.6M | 132.4M | 133.4M | 134.7M | 154.9M | 129.8M | |
Common Stock | 131.6M | 132.4M | 133.4M | 134.7M | 136.5M | 130.5M | |
Other Liab | 23.3M | 24.2M | 24.9M | 21.6M | 24.9M | 17.8M | |
Long Term Debt | 192.9M | 160.6M | 327.8M | 165.7M | 190.2M | 167.4M | |
Property Plant Equipment | 156.2M | 157.2M | 147.1M | 148.3M | 170.6M | 148.1M | |
Other Assets | 14.4M | 18.1M | 15.2M | 12.7M | 16.9M | 9.9M | |
Net Tangible Assets | 275.7M | 301.0M | 424.4M | 516.0M | 593.4M | 317.7M | |
Retained Earnings Total Equity | 179.3M | 172.8M | 293.0M | 379.9M | 436.9M | 458.8M | |
Long Term Debt Total | 193.4M | 160.6M | 327.8M | 165.7M | 190.5M | 236.6M |
Pair Trading with Olympic Steel
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Olympic Steel position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Olympic Steel will appreciate offsetting losses from the drop in the long position's value.Moving against Olympic Stock
0.47 | TX | Ternium SA ADR | PairCorr |
0.46 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
0.44 | GURE | Gulf Resources | PairCorr |
0.43 | ZKIN | ZK International | PairCorr |
0.43 | SAND | Sandstorm Gold | PairCorr |
The ability to find closely correlated positions to Olympic Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Olympic Steel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Olympic Steel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Olympic Steel to buy it.
The correlation of Olympic Steel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Olympic Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Olympic Steel moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Olympic Steel can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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.
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
CEOs Directory Screen CEOs from public companies around the world |
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 0.525 | Earnings Share 3.75 | 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.