Reliance Steel Probability of Target Price

Reliance Steel Aluminum Co -- USA Stock  

USD 75.96  1.16  1.5%

Reliance Steel probability of target price tool provides mechanism to make assumptions about upside and downside potential of Reliance Steel Aluminum Co performance during a given time horizon utilizing its historical volatility. Please specify Reliance Steel time horizon, a valid symbol (red box) and a target price (blue box) you would like Reliance Steel odds to be computed. Additionally take a look at Reliance Steel Backtesting, Reliance Steel Valuation, Reliance Steel Correlation, Reliance Steel Hype Analysis, Reliance Steel Volatility, Reliance Steel History as well as Reliance Steel Performance
Investment Horizon     30 Days    Login   to change
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Odds Analysis

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 75.96 30 days 77.14  about 13.99% about 85.62%
Based on normal probability distribution, the odds of Reliance Steel to stay under $ 77.14  after 30 days from now is about 85.62%. Probability of Reliance Steel Aluminum price to stay between its current price of $ 75.96  and $ 77.14  at the end of the 30-day period is about 34.18%.
Allowing for the 30-days total investment horizon, Reliance Steel Aluminum Co has beta of -1.4083 . This implies as returns on its benchmark rise, returns on holding Reliance Steel Aluminum Co are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Reliance Steel is expected to outperform its benchmark. Additionally Reliance Steel Aluminum Co has an alpha of 0.3729 implying that it can potentially generate 0.3729% excess return over DOW after adjusting for the inherited market risk (beta).
86.0%
Odds to stay under $ 77.14  after 30 days
 Reliance Steel Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
= 0.37 
βBeta against DOW=(1.41) 
σ
Overall volatility
= 1.14 
 IrInformation ratio = 0.0308