Steelcase Stock Price on June 19, 2024
| SCS Stock | USD 13.18 0.03 0.23% |
If you're considering investing in Steelcase Stock, it is important to understand the factors that can impact its price. As of today, the current price of Steelcase stands at 13.18, as last reported on the 13th of May 2024, with the highest price reaching 13.31 and the lowest price hitting 13.16 during the day. We consider Steelcase not too volatile. Steelcase owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0573, which indicates the firm had a 0.0573% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Steelcase, which you can use to evaluate the volatility of the company. Please validate Steelcase's Risk Adjusted Performance of 0.0253, coefficient of variation of 3366.44, and Semi Deviation of 2.13 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%.
Steelcase Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Steelcase |
Sharpe Ratio = 0.0573
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Estimated Market Risk
| 1.95 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Steelcase is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Steelcase by adding it to a well-diversified portfolio.
Related Headline
Acacia Research Headline on 13th of May 2024
Acacia Research Corporation Q1 2024 Earnings Call Transcript by insidermonkey.com
Operator Good day and welcome to the Acacia Research First Quarter 2024 Financial Results Conference Call. At this time all participants are in a listen-only mode.
Steelcase Valuation on June 19, 2024
It is possible to determine the worth of Steelcase on a given historical date. On June 19, 2024 Steelcase was worth 13.27 at the beginning of the trading date compared to the closed value of 13.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Steelcase stock. Still, in general, we apply an absolute valuation method to find Steelcase's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Steelcase where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Steelcase's related companies.
| Open | High | Low | Close | Volume | |
| 13.16 | 13.21 | 13.06 | 13.15 | 337,171 | |
05/13/2024 | 13.27 | 13.31 | 13.16 | 13.18 | 367,646 |
| Backtest Steelcase | | | Steelcase History | | | Steelcase Valuation | Previous |
Steelcase Trading Date Momentum on June 19, 2024
| On May 13 2024 Steelcase was traded for 13.18 at the closing time. Highest Steelcase's price during the trading hours was 13.31 and the lowest price during the day was 13.16 . The net volume was 367.6 K. The overall trading history on the 13th of May 2024 did not result in any price rise and fall. The trading price change to current price is 0.68% . |
Steelcase Fundamentals Correlations and Trends
By evaluating Steelcase's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Steelcase's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Steelcase financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Steelcase Stock history
Steelcase investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Steelcase is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Steelcase will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Steelcase stock prices may prove useful in developing a viable investing in Steelcase
Steelcase Inc. provides a portfolio of furniture and architectural products in the United States and internationally. The company was founded in 1912 and is headquartered in Grand Rapids, Michigan. Steelcase operates under Business Equipment Supplies classification in the United States and is traded on New York Stock Exchange. It employs 11600 people.
Steelcase Stock Technical Analysis
Steelcase 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.
Price Boundaries
Steelcase Period Price Range
Low | May 13, 2024
| High |
13.27 | 13.18 |
Steelcase May 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Steelcase stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Steelcase shares will generate the highest return on investment. By undertsting and applying Steelcase stock market strength indicators, traders can identify Steelcase entry and exit signals to maximize returns
| Accumulation Distribution | 4143.27 | |||
| Daily Balance Of Power | (0.60) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 13.24 | |||
| Day Typical Price | 13.22 | |||
| Price Action Indicator | (0.10) | |||
| Period Momentum Indicator | (0.09) | |||
| Relative Strength Index | 53.41 |
Steelcase Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Steelcase's price direction in advance. Along with the technical and fundamental analysis of Steelcase Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Steelcase to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0253 | |||
| Jensen Alpha | 0.0275 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.152 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steelcase. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy Steelcase Stock please use our How to Invest in Steelcase guide.Note that the Steelcase information on this page should be used as a complementary analysis to other Steelcase'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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Steelcase Stock analysis
When running Steelcase's price analysis, check to measure Steelcase'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 Steelcase is operating at the current time. Most of Steelcase's value examination focuses on studying past and present price action to predict the probability of Steelcase's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steelcase's price. Additionally, you may evaluate how the addition of Steelcase to your portfolios can decrease your overall portfolio volatility.
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Is Steelcase'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 Steelcase. If investors know Steelcase 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 Steelcase listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Steelcase is measured differently than its book value, which is the value of Steelcase that is recorded on the company's balance sheet. Investors also form their own opinion of Steelcase's value that differs from its market value or its book value, called intrinsic value, which is Steelcase'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 Steelcase's market value can be influenced by many factors that don't directly affect Steelcase'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 Steelcase's value and its price as these two are different measures arrived at by different means. Investors typically determine if Steelcase is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steelcase'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.