Reliance Steel Aluminum Co holds Coefficient Of Variation of 732.52, Semi Deviation of 1.14 and Risk Adjusted Performance of 0.0397. Compared with Fundamental Indicators, Macroaxis technical analysis interface allows you to check existing technical drivers of Reliance Steel as well as the relationship between them. In other words you can use this information to find out if the company will indeed mirror its model of past market data or the prices will eventually revert. We found nineteen technical drivers for Reliance Steel Aluminum which can be compared to its competitors. 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 is priced some-what accurately providing market reflects its current price of 76.53 per share. Given that Reliance Steel has Jensen Alpha of (0.17), we recommend you check out Reliance Steel Aluminum recent market performance to make sure the company can sustain itself at future point.
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Reliance Steel Aluminum Trend AnalysisUse this graph to draw trend lines for Reliance Steel Aluminum Co. You can use it to identify possible trend reversals for Reliance Steel as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Reliance Steel price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Reliance Steel Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Reliance Steel Aluminum Co applied against its price change over selected period. The best fit line has a slop of 0.036936 % which suggests that Reliance Steel Aluminum Co will keep on generating value for investors. It has 34 observation points and a regression sum of squares at 1.11, which is the sum of squared deviations for the predicted Reliance Steel price change compared to its average price change.
Reliance Steel Aluminum Co is rated below average in mean deviation category among related companies. It is rated fifth in standard deviation category among related companies creating about 1.35 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Reliance Steel Aluminum Co is roughly 1.35