|Horizon||30 Days Login to change|
Reliance Steel Market Sensitivity
|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.One Month Beta |Analyze Reliance Steel Aluminum Demand TrendCheck current 30 days Reliance Steel correlation with market (DOW)|
β = 0.6924
Reliance Steel Aluminum Technical Analysis
Reliance Steel Projected Return Density Against MarketAllowing for the 30-days total investment horizon, Reliance Steel has beta of 0.6924 . This implies as returns on market go up, Reliance Steel average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Reliance Steel Aluminum Co will be expected to be much smaller as well. Additionally, Reliance Steel Aluminum Co has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
Reliance Steel Return VolatilityReliance Steel Aluminum Co accepts 1.7664% volatility on return distribution over the 30 days horizon. DOW inherits 0.444% risk (volatility on return distribution) over the 30 days horizon.