Reliance Steel Probability of Target Price Finishing Above 77.14

RS -- USA Stock  

USD 92.52  1.79  1.97%

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.
 Time Horizon     30 Days    Login   to change
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Reliance Steel Target Price Odds to finish below 77.14

Current PriceHorizonTarget PriceOdds to drop to $ 77.14  or more in 30 days
 92.52 30 days 77.14  NEAR 1%
Based on normal probability distribution, the odds of Reliance Steel to drop to $ 77.14  or more in 30 days from now is near 1% (This Reliance Steel Aluminum Co probability density function shows the probability of Reliance Steel Stock to fall within a particular range of prices over 30 days) . Probability of Reliance Steel Aluminum price to stay between $ 77.14  and its current price of $92.52 at the end of the 30-day period is about 86.81%.
Allowing for the 30-days total investment horizon, Reliance Steel has beta of 0.4001 . 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
 Reliance Steel Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.14
β
Beta against DOW=0.40
σ
Overall volatility
=2.09
Ir
Information ratio =0.14

Reliance Steel Alerts

Reliance Steel Alerts and Suggestions
Over 84.0% of the company shares are owned by institutional investors
On May 24, 2018 Reliance Steel paid $ 0.5 per share dividend to its current shareholders
Latest headline from MacroaxisInsider: Sale by Crider Joe D of 200 shares of Reliance Steel
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. Please also try Headlines Timeline module to stay connected to all market stories and filter out noise. drill down to analyze hype elasticity.