|Reliance Steel Aluminum Co -- USA Stock|| |
USD 84.3 1.59 1.92%
On a scale of 0 to 100 Reliance Steel holds performance score of 25. The organization holds Beta of 0.9389 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.. Although it is vital to follow to Reliance Steel Aluminum
current trending patterns, it is good to be conservative about what you can actually do with the information regarding 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 0.4577% will be sustainable into the future. Please employ Reliance Steel Aluminum Value At Risk
as well as the relationship
and Market Facilitation Index
to make a quick decision on weather Reliance Steel historical price patterns
Reliance Steel Aluminum Relative Risk vs. Return Landscape
If you would invest 7,559
in Reliance Steel Aluminum Co on November 18, 2017
and sell it today you would earn a total of 712
from holding Reliance Steel Aluminum Co or generate 9.42%
return on investment over 30
days. Reliance Steel Aluminum Co is generating 0.4577% of daily returns and assumes 1.1894% 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 92% 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 2.58 times more return on investment than the market. However, the company is 2.58 times more volatile than its market benchmark. It trades about 0.38 of its potential returns per unit of risk. The DOW is currently generating roughly 0.55 per unit of risk.
Reliance Steel Daily Price Distribution
The median price of Reliance Steel for the period between Sat, Nov 18, 2017 and Mon, Dec 18, 2017 is 78.61 with a coefficient of variation of 4.39. The daily time series for the period is distributed with a sample standard deviation of 3.47, arithmetic mean of 79.04, and mean deviation of 3.11. The Stock did not receive any noticable media coverage during the period.