Reliance Steel Aluminum Stock Alpha and Beta Analysis
| RS Stock | USD 289.78 0.94 0.32% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Reliance Steel Aluminum. It also helps investors analyze the systematic and unsystematic risks associated with investing in Reliance Steel over a specified time horizon. Remember, high Reliance Steel's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Reliance Steel's market risk premium analysis include:
Beta 1.7 | Alpha (0.08) | Risk 2.14 | Sharpe Ratio 0.0155 | Expected Return 0.0332 |
Reliance Steel Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Reliance |
Reliance Steel Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Reliance Steel market risk premium is the additional return an investor will receive from holding Reliance Steel long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Reliance Steel. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Reliance Steel's performance over market.| α | -0.08 | β | 1.70 |
Reliance Steel expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Reliance Steel's Buy-and-hold return. Our buy-and-hold chart shows how Reliance Steel performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Reliance Steel Market Price Analysis
Market price analysis indicators help investors to evaluate how Reliance Steel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Reliance Steel shares will generate the highest return on investment. By understating and applying Reliance Steel stock market price indicators, traders can identify Reliance Steel position entry and exit signals to maximize returns.
Reliance Steel Return and Market Media
The median price of Reliance Steel for the period between Sun, Feb 4, 2024 and Sat, May 4, 2024 is 320.64 with a coefficient of variation of 5.25. The daily time series for the period is distributed with a sample standard deviation of 16.58, arithmetic mean of 315.9, and mean deviation of 13.68. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
| Reliance Steel dividend paid on 22nd of March 2024 | 03/22/2024 |
1 | Reliance acquires Mid-West Materials | 04/02/2024 |
2 | Elon Musk Said To Be In Talks With Indias Richest Man To Help Establish Tesla Factory | 04/10/2024 |
3 | Top News on April 22 Arvind Kejriwal insulin row, Reliance Q4 results, Lok Sabha campaign and more | 04/22/2024 |
4 | Reliance Steel Aluminum Non-GAAP EPS of 5.30, revenue of 3.64B | 04/25/2024 |
5 | Reliance First Quarter 2024 Earnings Misses Expectations | 04/26/2024 |
6 | Reliance Loses -13.04 percent in 4 Weeks, Heres Why a Trend Reversal May be Around the Corner | 04/29/2024 |
7 | Reliance Steel Aluminum Co. Q1 2024 Earnings Call Transcript | 04/30/2024 |
8 | Should iShares Core SP Mid-Cap ETF Be on Your Investing Radar | 05/01/2024 |
9 | Earnings call SM Energy details Q1 2024 financials and operational strategy | 05/03/2024 |
About Reliance Steel Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Reliance or other stocks. Alpha measures the amount that position in Reliance Steel Aluminum has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0177 | 0.0146 | 0.0101 | Price To Sales Ratio | 0.72 | 1.1 | 1.16 |
Reliance Steel Upcoming Company Events
As portrayed in its financial statements, the presentation of Reliance Steel's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Reliance Steel's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Reliance Steel's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Reliance Steel. Please utilize our Beneish M Score to check the likelihood of Reliance Steel's management manipulating its earnings.
| 15th of February 2024 Upcoming Quarterly Report | View | |
| 25th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Reliance Steel
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Reliance Steel Backtesting, Reliance Steel Valuation, Reliance Steel Correlation, Reliance Steel Hype Analysis, Reliance Steel Volatility, Reliance Steel History and analyze Reliance Steel Performance. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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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Reliance Steel technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.