Reliance Steel Backtesting

RS -- USA Stock  

USD 89.26  4.11  4.40%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Reliance Steel Aluminum Co and determine expected loss or profit from investing in Reliance Steel over given investment horizon. Additionally take a look at Reliance Steel Hype Analysis, Reliance Steel Correlation, Reliance Steel Valuation, Reliance Steel Volatility as well as analyze Reliance Steel Alpha and Beta and Reliance Steel Performance.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

Reliance Steel 'What if' Analysis

May 26, 2018
0.00
No Change 0.00  0.0%
In 31 days
June 25, 2018
0.00
If you would invest  0.00  in Reliance Steel on May 26, 2018 and sell it all today you would earn a total of 0.00 from holding Reliance Steel Aluminum Co or generate 0.0% return on investment in Reliance Steel over 30 days. Reliance Steel is related to or competes with Alcoa, Allegheny Technologies, Carpenter Technology, Southern Copper, Arconic, and Constellium NV. Reliance Steel Aluminum Co. operates as a metals service center company in the United States and internationally

Reliance Steel Upside/Downside Indicators

Information Ratio0.0249
Maximum Drawdown4.63
Value At Risk2.18
Potential Upside1.53
  

Reliance Steel Market Premium Indicators

Risk Adjusted Performance0.01071
Jensen Alpha0.0319
Total Risk Alpha0.0697
Treynor Ratio0.032638

Reliance Steel Aluminum Backtested Returns

Macroaxis considers Reliance Steel to be not too risky. Reliance Steel Aluminum maintains Sharpe Ratio (i.e. Efficiency) of -0.1098 which implies Reliance Steel Aluminum had -0.1098% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Reliance Steel Aluminum exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Reliance Steel Aluminum Coefficient Of Variation of 5,076 and Risk Adjusted Performance of 0.01071 to confirm risk estimate we provide. Macroaxis gives Reliance Steel performance score of 0 on a scale of 0 to 100. The organization holds Beta of 1.0312 which implies Reliance Steel returns are very sensitive to returns on the market. as market goes up or down, Reliance Steel is expected to follow.. Even though it is essential to pay attention to Reliance Steel Aluminum current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis philosophy towards forecasting future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Reliance Steel Aluminum exposes twenty-eight different technical indicators which can help you to evaluate its performance. Reliance Steel Aluminum has expected return of -0.1736%. Please be advised to check Reliance Steel Aluminum Value At Risk as well as the relationship between Kurtosis and Market Facilitation Index to decide if Reliance Steel Aluminum past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.81) 

Excellent reverse predictability

Reliance Steel Aluminum Co has excellent reverse predictability. Overlapping area represents the amount of predictability between Reliance Steel time series from May 26, 2018 to June 10, 2018 and June 10, 2018 to June 25, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Reliance Steel Aluminum price movement. The serial correlation of -0.81 indicates that around 81.0% of current Reliance Steel price fluctuation can be explain by its past prices. Given that Reliance Steel Aluminum Co has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Reliance Steel for similar time interval.
Correlation Coefficient -0.81
Spearman Rank Test -0.87
Price Variance 1.79
Lagged Price Variance 1.21

Reliance Steel Aluminum lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Reliance Steel regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Reliance Steel Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - RS

Reliance Steel Aluminum Investor Sentiment
Larger part of Macroaxis users are at this time bullish on Reliance Steel Aluminum Co. What is your perspective on investing in Reliance Steel Aluminum Co? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Additionally take a look at Reliance Steel Hype Analysis, Reliance Steel Correlation, Reliance Steel Valuation, Reliance Steel Volatility as well as analyze Reliance Steel Alpha and Beta and Reliance Steel Performance. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.