Reliance Steel Aluminum Stock Price on January 8, 2018

RS Stock  USD 334.18  2.72  0.81%   
Below is the normalized historical share price chart for Reliance Steel Aluminum extending back to September 16, 1994. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Reliance Steel stands at 334.18, as last reported on the 29th of March, with the highest price reaching 337.02 and the lowest price hitting 333.22 during the day.
IPO Date
15th of September 1994
200 Day MA
280.2648
50 Day MA
308.7046
Beta
0.873
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Reliance Stock, it is important to understand the factors that can impact its price. Reliance Steel appears to be very steady, given 3 months investment horizon. Reliance Steel Aluminum maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Reliance Steel Aluminum, which you can use to evaluate the volatility of the company. Please evaluate Reliance Steel's Risk Adjusted Performance of 0.0866, coefficient of variation of 699.48, and Semi Deviation of 0.9186 to confirm if our risk estimates are consistent with your expectations.
  
At this time, Reliance Steel's Total Stockholder Equity is comparatively stable compared to the past year. Common Stock Shares Outstanding is likely to gain to about 70.5 M in 2024, whereas Common Stock Total Equity is likely to drop slightly above 85.5 K in 2024. . At this time, Reliance Steel's Price Earnings Ratio is comparatively stable compared to the past year. Price To Sales Ratio is likely to gain to 1.16 in 2024, despite the fact that Price Earnings To Growth Ratio is likely to grow to (0.47). Reliance Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1527

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Estimated Market Risk

 2.01
  actual daily
17
83% of assets are more volatile

Expected Return

 0.31
  actual daily
6
94% of assets have higher returns

Risk-Adjusted Return

 0.15
  actual daily
11
89% of assets perform better
Based on monthly moving average Reliance Steel is performing at about 11% 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 Reliance Steel by adding it to a well-diversified portfolio.
Price Book
2.5053
Enterprise Value Ebitda
9.2458
Price Sales
1.3067
Shares Float
56.9 M
Dividend Share
4

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.

About Reliance Steel Stock history

Reliance Steel 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 Reliance is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Reliance Steel Aluminum 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 Reliance Steel stock prices may prove useful in developing a viable investing in Reliance Steel
Last ReportedProjected for 2024
Common Stock Shares Outstanding59 M70.5 M
Net Income Applicable To Common Shares2.1 B2.2 B

Reliance Steel Quarterly Net Working Capital

3.93 Billion

Reliance Steel Stock Technical Analysis

Reliance Steel 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.
A focus of Reliance Steel technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Reliance Steel trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Reliance Steel Period Price Range

Reliance Steel March 29, 2024 Market Strength

Market strength indicators help investors to evaluate how Reliance Steel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Reliance Steel shares will generate the highest return on investment. By undertsting and applying Reliance Steel stock market strength indicators, traders can identify Reliance Steel Aluminum entry and exit signals to maximize returns

Reliance Steel Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Reliance Steel's price direction in advance. Along with the technical and fundamental analysis of Reliance Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Reliance 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.
When determining whether Reliance Steel Aluminum is a strong investment it is important to analyze Reliance Steel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Reliance Steel's future performance. For an informed investment choice regarding Reliance Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Steel Aluminum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Complementary Tools for Reliance Stock analysis

When running Reliance Steel's price analysis, check to measure Reliance 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 Reliance Steel is operating at the current time. Most of Reliance Steel's value examination focuses on studying past and present price action to predict the probability of Reliance 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 Reliance Steel's price. Additionally, you may evaluate how the addition of Reliance Steel to your portfolios can decrease your overall portfolio volatility.
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Is Reliance Steel'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 Reliance Steel. If investors know Reliance 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 Reliance Steel 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
(0.20)
Dividend Share
4
Earnings Share
22.64
Revenue Per Share
253.839
Quarterly Revenue Growth
(0.08)
The market value of Reliance Steel Aluminum is measured differently than its book value, which is the value of Reliance that is recorded on the company's balance sheet. Investors also form their own opinion of Reliance Steel's value that differs from its market value or its book value, called intrinsic value, which is Reliance Steel'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 Reliance Steel's market value can be influenced by many factors that don't directly affect Reliance Steel'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 Reliance Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reliance Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliance Steel'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.