Reliance Steel Aluminum Stock Price on June 18, 2018
RS Stock | USD 319.54 0.05 0.02% |
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 319.54, as last reported on the 23rd of April, with the highest price reaching 321.64 and the lowest price hitting 315.38 during the day.
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 0.12, which implies the firm had a 0.12% 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 Semi Deviation of 0.8456, risk adjusted performance of 0.0782, and Coefficient Of Variation of 862.58 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 To Sales Ratio is comparatively stable compared to the past year. Price Earnings Ratio is likely to gain to 14.20 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.
IPO Date 15th of September 1994 | 200 Day MA 286.0606 | 50 Day MA 323.5824 | Beta 0.879 |
Reliance |
Sharpe Ratio = 0.1183
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Estimated Market Risk
1.95 actual daily | 17 83% of assets are more volatile |
Expected Return
0.23 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Reliance Steel is performing at about 9% 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 2.4208 | Enterprise Value Ebitda 8.9386 | Price Sales 1.2626 | 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 Reported | Projected for Next Year | ||
Common Stock Shares Outstanding | 59 M | 70.5 M | |
Net Income Applicable To Common Shares | 2.1 B | 2.2 B |
Reliance Steel Quarterly Net Working Capital |
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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.
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Reliance Steel Period Price Range
Reliance Steel April 23, 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.
Risk Adjusted Performance | 0.0782 | |||
Jensen Alpha | 0.0761 | |||
Total Risk Alpha | (0.03) | |||
Sortino Ratio | 0.1286 | |||
Treynor Ratio | 0.1239 |
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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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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 22.66 | 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.