Nucor Corp Stock Market Value
NUE Stock | USD 174.64 16.99 8.87% |
Symbol | Nucor |
Nucor Corp Price To Book Ratio
Is Nucor Corp'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 Nucor Corp. If investors know Nucor 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 Nucor Corp 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 (0.22) | Dividend Share 2.1 | Earnings Share 17.02 | Revenue Per Share 138.14 | Quarterly Revenue Growth (0.07) |
The market value of Nucor Corp is measured differently than its book value, which is the value of Nucor that is recorded on the company's balance sheet. Investors also form their own opinion of Nucor Corp's value that differs from its market value or its book value, called intrinsic value, which is Nucor Corp'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 Nucor Corp's market value can be influenced by many factors that don't directly affect Nucor Corp'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 Nucor Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nucor Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nucor Corp'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.
Nucor Corp '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 Nucor Corp's 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 Nucor Corp.
05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Nucor Corp on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Nucor Corp or generate 0.0% return on investment in Nucor Corp over 720 days. Nucor Corp is related to or competes with Fortitude Gold, and GoldMining. Nucor Corporation manufactures and sells steel and steel products More
Nucor Corp 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 Nucor Corp's 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 Nucor Corp upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.9 | |||
Information Ratio | 0.0016 | |||
Maximum Drawdown | 10.49 | |||
Value At Risk | (1.42) | |||
Potential Upside | 2.68 |
Nucor Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nucor Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nucor Corp's standard deviation. In reality, there are many statistical measures that can use Nucor Corp historical prices to predict the future Nucor Corp's volatility.Risk Adjusted Performance | 0.0374 | |||
Jensen Alpha | 0.1013 | |||
Total Risk Alpha | (0.15) | |||
Sortino Ratio | 0.0015 | |||
Treynor Ratio | (0.30) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nucor Corp's 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.
Nucor Corp Backtested Returns
We consider Nucor Corp very steady. Nucor Corp has Sharpe Ratio of 1.0E-4, which conveys that the firm had a 1.0E-4% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nucor Corp, which you can use to evaluate the volatility of the firm. Please verify Nucor Corp's Downside Deviation of 1.9, mean deviation of 1.14, and Risk Adjusted Performance of 0.0374 to check out if the risk estimate we provide is consistent with the expected return of 3.0E-4%. The company secures a Beta (Market Risk) of -0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nucor Corp are expected to decrease at a much lower rate. During the bear market, Nucor Corp is likely to outperform the market. Nucor Corp right now secures a risk of 1.87%. Please verify Nucor Corp value at risk, and the relationship between the jensen alpha and skewness , to decide if Nucor Corp will be following its current price movements.
Auto-correlation | 0.63 |
Good predictability
Nucor Corp has good predictability. Overlapping area represents the amount of predictability between Nucor Corp time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th of April 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 Nucor Corp price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Nucor Corp price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.63 | |
Spearman Rank Test | 0.61 | |
Residual Average | 0.0 | |
Price Variance | 301.88 |
Nucor Corp lagged returns against current returns
Autocorrelation, which is Nucor Corp 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 Nucor Corp's stock expected returns. We can calculate the autocorrelation of Nucor Corp returns to help us make a trade decision. For example, suppose you find that Nucor Corp 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 |
Nucor Corp 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 Nucor Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nucor Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nucor Corp stock over time.
Current vs Lagged Prices |
Timeline |
Nucor Corp Lagged Returns
When evaluating Nucor Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nucor Corp stock have on its future price. Nucor Corp 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, Nucor Corp autocorrelation shows the relationship between Nucor Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Nucor Corp.
Regressed Prices |
Timeline |
Nucor Corp Investors Sentiment
The influence of Nucor Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Nucor. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Nucor Corp's public news can be used to forecast risks associated with an investment in Nucor. The trend in average sentiment can be used to explain how an investor holding Nucor can time the market purely based on public headlines and social activities around Nucor Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Nucor Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Nucor Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Nucor Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Nucor Corp.
Nucor Corp Implied Volatility | 111.12 |
Nucor Corp's implied volatility exposes the market's sentiment of Nucor Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Nucor Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Nucor Corp stock will not fluctuate a lot when Nucor Corp's options are near their expiration.
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 Nucor Corp 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, Nucor Corp's short interest history, or implied volatility extrapolated from Nucor Corp options trading.
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Try AI Portfolio ArchitectCheck out Nucor Corp Correlation, Nucor Corp Volatility and Nucor Corp Alpha and Beta module to complement your research on Nucor Corp. For information on how to trade Nucor Stock refer to our How to Trade Nucor Stock guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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When running Nucor Corp's price analysis, check to measure Nucor Corp'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 Nucor Corp is operating at the current time. Most of Nucor Corp's value examination focuses on studying past and present price action to predict the probability of Nucor Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nucor Corp's price. Additionally, you may evaluate how the addition of Nucor Corp to your portfolios can decrease your overall portfolio volatility.
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Nucor Corp 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.