|Reliance Steel Aluminum Co -- USA Stock|| |
USD 75.95 1.17 1.52%
Reliance Steel has performance score of 10 on a scale of 0 to 100. The organization holds Beta of 2.2025 which implies as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Reliance Steel will likely underperform.. Although it is extremely important to respect Reliance Steel Aluminum
current trending patternss, it is better to be realistic regarding the information on equity existing price patterns
. The philosophy towards forecasting future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By analyzing Reliance Steel Aluminum technical indicators
you can presently evaluate if the expected return of 0.1809% will be sustainable into the future. Reliance Steel Aluminum
right now holds a risk of 1.1794%. Please check Reliance Steel Aluminum Standard Deviation
, Value At Risk
as well as the relationship
between Value At Risk and Kurtosis
to decide if Reliance Steel Aluminum will be following its historical price patterns
Relative Risk vs. Return Landscape
If you would invest 7,435
in Reliance Steel Aluminum Co on September 22, 2017
and sell it today you would earn a total of 277
from holding Reliance Steel Aluminum Co or generate 3.73%
return on investment over 30
days. Reliance Steel Aluminum Co is generating 0.1809% of daily returns and assumes 1.1794% volatility on return distribution over the 30 days horizon. Put differently, 11% of equity instruments are less risky than the company on the bases of their historical return distribution and some 97% of equities are expected to be superior in generating returns on investments over the next 30 days.
Daily Expected Return (%)
Allowing for the 30-days total investment horizon, Reliance Steel Aluminum Co is expected to generate 1.08 times less return on investment than the market. In addition to that, the company is 4.38 times more volatile than its market benchmark. It trades about 0.15 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.73 per unit of volatility.
Reliance Steel Daily Price Distribution
The median price of Reliance Steel for the period between Fri, Sep 22, 2017 and Sun, Oct 22, 2017 is 75.96 with a coefficient of variation of 1.51. The daily time series for the period is distributed with a sample standard deviation of 1.14, arithmetic mean of 75.91, and mean deviation of 0.92. The Stock received some media coverage during the period.