Reliance Steel Risk Analysis And Volatility Evaluation

RS -- USA Stock  

USD 94.49  1.26  1.35%

Macroaxis considers Reliance Steel to be not too risky. Reliance Steel Aluminum maintains Sharpe Ratio (i.e. Efficiency) of -0.0625 which implies Reliance Steel Aluminum had -0.0625% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Reliance Steel Aluminum exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Reliance Steel Aluminum Coefficient Of Variation of 2,238 and Risk Adjusted Performance of 0.01 to confirm risk estimate we provide.
 Time Horizon     30 Days    Login   to change

Reliance Steel Aluminum Technical Analysis

The output start index for this execution was zero with a total number of output elements of seventeen. Reliance Steel Aluminum Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Allowing for the 30-days total investment horizon, Reliance Steel has beta of 0.0 . This implies unless we do not have required data, the returns on DOW and Reliance Steel are completely uncorrelated. Furthermore, Reliance Steel Aluminum CoIt does not look like Reliance Steel alpha can have any bearing on the equity current valuation.
 Predicted Return Density 
Allowing for the 30-days total investment horizon, the coefficient of variation of Reliance Steel is -1600.73. The daily returns are destributed with a variance of 1.33 and standard deviation of 1.15. The mean deviation of Reliance Steel Aluminum Co is currently at 0.87. For similar time horizon, the selected benchmark (DOW) has volatility of 0.0
Alpha over DOW
Beta against DOW=0.00
Overall volatility
Information ratio =0.04

Actual Return Volatility

Reliance Steel Aluminum Co accepts 1.1544% volatility on return distribution over the 30 days horizon. DOW inherits 0.5875% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 

Market Risk Breakdown

Reliance Steel Volatility Factors

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Below average

30 Days Economic Sensitivity

Market Insensitive

Investment Outlook

Reliance Steel Investment Opportunity
Reliance Steel Aluminum Co has a volatility of 1.15 and is 1.95 times more volatile than DOW. 10% of all equities and portfolios are less risky than Reliance Steel. Compared to the overall equity markets, volatility of historical daily returns of Reliance Steel Aluminum Co is lower than 10 (%) of all global equities and portfolios over the last 30 days.

Total Debt

Reliance Steel Aluminum Total Debt History

Total Debt

Volatility Indicators

Reliance Steel Current Risk Indicators
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