Bluescope Steel Limited Stock Alpha and Beta Analysis
| BLSFF Stock | USD 14.12 0.34 2.35% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as BlueScope Steel Limited. It also helps investors analyze the systematic and unsystematic risks associated with investing in BlueScope Steel over a specified time horizon. Remember, high BlueScope Steel's 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 BlueScope Steel's market risk premium analysis include:
Beta (0.42) | Alpha (0.05) | Risk 1.11 | Sharpe Ratio (0.06) | Expected Return (0.07) |
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.
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BlueScope Steel Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. BlueScope Steel market risk premium is the additional return an investor will receive from holding BlueScope Steel 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 BlueScope Steel. 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 BlueScope Steel's performance over market.| α | -0.05 | β | -0.42 |
BlueScope Steel 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 BlueScope Steel's Buy-and-hold return. Our buy-and-hold chart shows how BlueScope Steel performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.BlueScope Steel Market Price Analysis
Market price analysis indicators help investors to evaluate how BlueScope Steel pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BlueScope Steel shares will generate the highest return on investment. By understating and applying BlueScope Steel pink sheet market price indicators, traders can identify BlueScope Steel position entry and exit signals to maximize returns.
BlueScope Steel Return and Market Media
The median price of BlueScope Steel for the period between Wed, Feb 21, 2024 and Tue, May 21, 2024 is 14.79 with a coefficient of variation of 2.17. The daily time series for the period is distributed with a sample standard deviation of 0.32, arithmetic mean of 14.8, and mean deviation of 0.27. The Stock did not receive any noticable media coverage during the period. Price Growth (%) |
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About BlueScope Steel 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 BlueScope or other pink sheets. Alpha measures the amount that position in BlueScope Steel 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards BlueScope Steel in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, BlueScope Steel's short interest history, or implied volatility extrapolated from BlueScope Steel options trading.
Build Portfolio with BlueScope Steel
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Align your risk with return expectations
Check out BlueScope Steel Backtesting, BlueScope Steel Valuation, BlueScope Steel Correlation, BlueScope Steel Hype Analysis, BlueScope Steel Volatility, BlueScope Steel History and analyze BlueScope Steel Performance. Note that the BlueScope Steel information on this page should be used as a complementary analysis to other BlueScope Steel's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for BlueScope Pink Sheet analysis
When running BlueScope Steel's price analysis, check to measure BlueScope 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 BlueScope Steel is operating at the current time. Most of BlueScope Steel's value examination focuses on studying past and present price action to predict the probability of BlueScope 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 BlueScope Steel's price. Additionally, you may evaluate how the addition of BlueScope Steel to your portfolios can decrease your overall portfolio volatility.
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BlueScope Steel technical pink sheet 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, pink sheet market cycles, or different charting patterns.