Posco Holdings Stock Market Value
| PKX Stock | USD 70.56 0.22 0.31% |
| Symbol | POSCO |
POSCO Holdings Price To Book Ratio
Is POSCO Holdings' 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 POSCO Holdings. If investors know POSCO 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 POSCO Holdings 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 (0.40) | Dividend Share 12.5 K | Earnings Share 3.7 | Revenue Per Share 62.9 K | Quarterly Revenue Growth (0.07) |
The market value of POSCO Holdings is measured differently than its book value, which is the value of POSCO that is recorded on the company's balance sheet. Investors also form their own opinion of POSCO Holdings' value that differs from its market value or its book value, called intrinsic value, which is POSCO Holdings' 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 POSCO Holdings' market value can be influenced by many factors that don't directly affect POSCO Holdings' 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 POSCO Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if POSCO Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, POSCO Holdings' 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.
POSCO Holdings 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to POSCO Holdings' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of POSCO Holdings.
| 03/28/2024 |
| 05/27/2024 |
If you would invest 0.00 in POSCO Holdings on March 28, 2024 and sell it all today you would earn a total of 0.00 from holding POSCO Holdings or generate 0.0% return on investment in POSCO Holdings over 60 days. POSCO Holdings is related to or competes with Olympic Steel, Outokumpu Oyj, Usinas Siderurgicas, Reliance Steel, and Ternium SA. POSCO Holdings Inc., together with its subsidiaries, manufactures and sells steel rolled products and plates in South Ko... More
POSCO Holdings Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure POSCO Holdings' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess POSCO Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 9.27 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 2.73 |
POSCO Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for POSCO Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as POSCO Holdings' standard deviation. In reality, there are many statistical measures that can use POSCO Holdings historical prices to predict the future POSCO Holdings' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of POSCO Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
POSCO Holdings Backtested Returns
POSCO Holdings maintains Sharpe Ratio (i.e., Efficiency) of -0.0899, which implies the firm had a -0.0899% return per unit of standard deviation over the last 3 months. POSCO Holdings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check POSCO Holdings' Coefficient Of Variation of (854.24), market risk adjusted performance of (0.11), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The company holds a Beta of 1.75, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, POSCO Holdings will likely underperform. POSCO Holdings has an expected return of -0.16%. Please make sure to check POSCO Holdings maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if POSCO Holdings performance from the past will be repeated at some future point.
Auto-correlation | -0.05 |
Very weak reverse predictability
POSCO Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between POSCO Holdings time series from 28th of March 2024 to 27th of April 2024 and 27th of April 2024 to 27th of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of POSCO Holdings price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current POSCO Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 2.23 |
POSCO Holdings lagged returns against current returns
Autocorrelation, which is POSCO Holdings stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting POSCO Holdings' stock expected returns. We can calculate the autocorrelation of POSCO Holdings returns to help us make a trade decision. For example, suppose you find that POSCO Holdings has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
POSCO Holdings regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If POSCO Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if POSCO Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in POSCO Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
POSCO Holdings Lagged Returns
When evaluating POSCO Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of POSCO Holdings stock have on its future price. POSCO Holdings autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, POSCO Holdings autocorrelation shows the relationship between POSCO Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in POSCO Holdings.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether POSCO Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of POSCO Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Posco Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Posco Holdings Stock:Check out POSCO Holdings Correlation, POSCO Holdings Volatility and POSCO Holdings Alpha and Beta module to complement your research on POSCO Holdings. For more information on how to buy POSCO Stock please use our How to Invest in POSCO Holdings guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for POSCO Stock analysis
When running POSCO Holdings' price analysis, check to measure POSCO Holdings' 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 POSCO Holdings is operating at the current time. Most of POSCO Holdings' value examination focuses on studying past and present price action to predict the probability of POSCO Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move POSCO Holdings' price. Additionally, you may evaluate how the addition of POSCO Holdings to your portfolios can decrease your overall portfolio volatility.
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POSCO Holdings 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.