Reliance Steel Risk Analysis

Reliance Steel Aluminum Co -- USA Stock  

USD 88.89  1.87  2.06%

Macroaxis considers Reliance Steel to be not too risky. Reliance Steel Aluminum maintains Sharpe Ratio (i.e. Efficiency) of -0.1193 which implies Reliance Steel Aluminum had -0.1193% 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 1,539 and Risk Adjusted Performance of 0.069031 to confirm risk estimate we provide.
 Time Horizon     30 Days    Login   to change

Reliance Steel Market Sensitivity

One Month Beta |Analyze Reliance Steel Aluminum Demand Trend
Check current 30 days Reliance Steel correlation with market (DOW)
β = -0.958
Reliance Steel llmost one BetaReliance Steel Aluminum Beta Legend

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 Aluminum Co has beta of -0.958 . This implies 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 
Allowing for the 30-days total investment horizon, the coefficient of variation of Reliance Steel is -838.39. The daily returns are destributed with a variance of 2.5 and standard deviation of 1.58. The mean deviation of Reliance Steel Aluminum Co is currently at 1.21. For similar time horizon, the selected benchmark (DOW) has volatility of 1.12
Alpha over DOW
Beta against DOW=0.96
Overall volatility
Information ratio =0.03

Actual Return Volatility

Reliance Steel Aluminum Co accepts 1.5827% volatility on return distribution over the 30 days horizon. DOW inherits 0.9349% 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

Totally opposite to market

Total Debt

Reliance Steel Aluminum Total Debt History

Total Debt

Largest Trends

Reliance Steel Largest Period Trend
1.66  1.83%
Lowest period price (30 days)
2.26  2.46%
Highest period price (30 days)

Investment Outlook

Reliance Steel Investment Opportunity
Reliance Steel Aluminum Co has a volatility of 1.58 and is 1.7 times more volatile than DOW. 14% 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 14 (%) of all global equities and portfolios over the last 30 days. Use Reliance Steel Aluminum Co to protect against small markets fluctuations. The stock experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of Reliance Steel to be traded at $85.33 in 30 days.

Reliance Steel correlation with market

Excellent diversification
Overlapping area represents the amount of risk that can be diversified away by holding Reliance Steel Aluminum Co and equity matching DJI index in the same portfolio.

Volatility Indicators

Reliance Steel Current Risk Indicators