Macroaxis is not in business of monitoring Reliance Steel headlines and social sentiment data; there are plenty of companies out there that do it quite successfully. However, we do analyze noise-free headlines and recent hype associated with Reliance Steel Aluminum Co brand which may create opportunities for some arbitrage if properly timed. With Reliance Steel hype-based prediction module you can estimate the value of Reliance Steel Aluminum Co from the prospective of Reliance Steel response to recently generated media hype and the effects of current headlines on its competitors. The module also provides analysis of price elasticity to changes in media outlook on Reliance Steel over a specific investment horizon. Additionally take a look at Reliance Steel Basic Forecasting Models to cross-verify your projections.
As of June 23, 2018 Reliance Steel Aluminum Co is listed for 93.23. This company has historical hype elasticity of -0.02 and average elasticity to hype of competition of 0.0. Reliance Steel Aluminum Co is suggested to decline in value after the next headline with price expected to drop to 93.36. The average volatility of media hype impact on the company stock price is about 183.58%. The price decline on the next news is expected to be -0.01% where as daily expected return is at this time at -0.03%. The volatility of related hype on Reliance Steel is about 2733.33% with expected price after next announcement by competition of 93.23. About 86.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.43. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Reliance Steel Aluminum Co has Price/Earnings To Growth (PEG) ratio of 1.11. This company recorded earning per share (EPS) of 8.34. The firm last dividend was issued on 2018-03-15. Reliance Steel had 2:1 split on 2006-07-20. Allowing for the 30-days total investment horizon, the next suggested press release will be in about 4 days. Additionally take a look at Reliance Steel Basic Forecasting Models to cross-verify your projections.