|Reliance Steel Aluminum Co -- USA Stock|| |
USD 90.45 0.38 0.42%
On a scale of 0 to 100 Reliance Steel holds performance score of 25. The organization holds Beta of 0.8394 which implies as returns on market increase, Reliance Steel returns are expected to increase less than the market. However during bear market, the loss on holding Reliance Steel will be expected to be smaller as well.. 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 0.3932% will be sustainable into the future. Please employ Reliance Steel Aluminum Standard Deviation
, Value At Risk
as well as the relationship
between Value At Risk and Kurtosis
to make a quick decision on weather Reliance Steel historical price patterns
Reliance Steel Aluminum Relative Risk vs. Return Landscape
If you would invest 8,403
in Reliance Steel Aluminum Co on December 17, 2017
and sell it today you would earn a total of 642
from holding Reliance Steel Aluminum Co or generate 7.64%
return on investment over 30
days. Reliance Steel Aluminum Co is generating 0.3932% of daily returns and assumes 1.0279% volatility on return distribution over the 30 days horizon. Put differently, 9% of equity instruments are less risky than the company on the bases of their historical return distribution and some 93% 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 2.67 times more return on investment than the market. However, the company is 2.67 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 Sun, Dec 17, 2017 and Tue, Jan 16, 2018 is 86.87 with a coefficient of variation of 2.88. The daily time series for the period is distributed with a sample standard deviation of 2.49, arithmetic mean of 86.69, and mean deviation of 2.06. The Stock did not receive any noticable media coverage during the period.