Reliance Steel Al Stock Last Dividend Paid
| RS6 Stock | 270.10 0.10 0.04% |
RELIANCE STEEL AL fundamentals help investors to digest information that contributes to RELIANCE STEEL's financial success or failures. It also enables traders to predict the movement of RELIANCE Stock. The fundamental analysis module provides a way to measure RELIANCE STEEL's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to RELIANCE STEEL stock.
RELIANCE |
RELIANCE STEEL AL Company Last Dividend Paid Analysis
RELIANCE STEEL's Last Dividend Paid refers to dividend per share(DPS) paid to the shareholder the last time dividends were issued by a company. In its conventional sense, dividends refer to the distribution of some of a company's net earnings or capital gains decided by the board of directors.
More About Last Dividend Paid | All Equity Analysis
Last Dividend | = | Last Profit Distribution AmountTotal Shares |
Many stable companies today pay out dividends to their shareholders in the form of the income distribution, but high-growth firms rarely offer dividends because all of their earnings are reinvested back to the business.
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Based on the recorded statements, RELIANCE STEEL AL has a Last Dividend Paid of 0.0. This indicator is about the same for the Other average (which is currently at 0.0) sector and about the same as Other (which currently averages 0.0) industry. This indicator is about the same for all Germany stocks average (which is currently at 0.0).
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RELIANCE Fundamentals
| Current Valuation | 12.52 B | |||
| Price To Book | 1.70 X | |||
| Price To Sales | 0.71 X | |||
| Revenue | 17.02 B | |||
| EBITDA | 2.73 B | |||
| Net Income | 1.84 B | |||
| Total Debt | 1.14 B | |||
| Cash Flow From Operations | 2.12 B | |||
| Market Capitalization | 8.78 B | |||
| Total Asset | 10.33 B | |||
| Z Score | 5.2 | |||
| Annual Yield | 0.02 % | |||
| Net Asset | 10.33 B |
About RELIANCE STEEL Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze RELIANCE STEEL AL's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of RELIANCE STEEL using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of RELIANCE STEEL AL based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with RELIANCE STEEL
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if RELIANCE STEEL position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in RELIANCE STEEL will appreciate offsetting losses from the drop in the long position's value.Moving against RELIANCE Stock
| 0.73 | APC | Apple Inc | PairCorr |
| 0.72 | APC | Apple Inc | PairCorr |
| 0.71 | APC | Apple Inc | PairCorr |
| 0.71 | APC | Apple Inc | PairCorr |
| 0.71 | APC | Apple Inc | PairCorr |
The ability to find closely correlated positions to RELIANCE STEEL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RELIANCE STEEL when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back RELIANCE STEEL - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling RELIANCE STEEL AL to buy it.
The correlation of RELIANCE STEEL is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RELIANCE STEEL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RELIANCE STEEL AL moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for RELIANCE STEEL can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RELIANCE STEEL AL. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for RELIANCE Stock analysis
When running RELIANCE STEEL's price analysis, check to measure RELIANCE STEEL's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy RELIANCE STEEL is operating at the current time. Most of RELIANCE STEEL's value examination focuses on studying past and present price action to predict the probability of RELIANCE STEEL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RELIANCE STEEL's price. Additionally, you may evaluate how the addition of RELIANCE STEEL to your portfolios can decrease your overall portfolio volatility.
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