Reliance Steel Aluminum Stock Performance
| RS Stock | USD 319.54 0.05 0.02% |
On a scale of 0 to 100, Reliance Steel holds a performance score of 9. The company holds a Beta of 1.74, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Reliance Steel will likely underperform. Please check Reliance Steel's value at risk, as well as the relationship between the kurtosis and price action indicator , to make a quick decision on whether Reliance Steel's historical price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Reliance Steel Aluminum are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak basic indicators, Reliance Steel unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return 0.63 | Five Day Return (1.62) | Year To Date Return 14.24 | Ten Year Return 346.42 | All Time Return 8.8 K |
Forward Dividend Yield 0.0138 | Payout Ratio 0.1816 | Last Split Factor 2:1 | Forward Dividend Rate 4.4 | Dividend Date 2024-03-22 |
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| Begin Period Cash Flow | 1.2 B |
Reliance |
Reliance Steel Relative Risk vs. Return Landscape
If you would invest 28,002 in Reliance Steel Aluminum on January 24, 2024 and sell it today you would earn a total of 3,952 from holding Reliance Steel Aluminum or generate 14.11% return on investment over 90 days. Reliance Steel Aluminum is generating 0.2309% of daily returns and assumes 1.953% volatility on return distribution over the 90 days horizon. Put differently, 17% of stocks are less risky than Reliance on the basis of their historical return distribution, and some 96% of all equities are expected to be superior in generating returns on investments over the next 90 days. Expected Return |
| Risk |
Reliance Steel Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reliance Steel's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Reliance Steel Aluminum, and traders can use it to determine the average amount a Reliance Steel's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1183
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Estimated Market Risk
| 1.95 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.23 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Reliance Steel is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Reliance Steel by adding it to a well-diversified portfolio.
Reliance Steel Fundamentals Growth
Reliance Stock prices reflect investors' perceptions of the future prospects and financial health of Reliance Steel, and Reliance Steel fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Reliance Stock performance.
| Return On Equity | 0.18 | ||||
| Return On Asset | 0.1 | ||||
| Profit Margin | 0.09 % | ||||
| Operating Margin | 0.1 % | ||||
| Current Valuation | 18.65 B | ||||
| Shares Outstanding | 57.43 M | ||||
| Price To Earning | 6.91 X | ||||
| Price To Book | 2.42 X | ||||
| Price To Sales | 1.26 X | ||||
| Revenue | 14.81 B | ||||
| Gross Profit | 5.26 B | ||||
| EBITDA | 1.98 B | ||||
| Net Income | 1.34 B | ||||
| Cash And Equivalents | 1.17 B | ||||
| Cash Per Share | 10.97 X | ||||
| Total Debt | 1.38 B | ||||
| Debt To Equity | 0.27 % | ||||
| Current Ratio | 3.25 X | ||||
| Book Value Per Share | 134.84 X | ||||
| Cash Flow From Operations | 1.67 B | ||||
| Earnings Per Share | 22.65 X | ||||
| Market Capitalization | 18.35 B | ||||
| Total Asset | 10.55 B | ||||
| Retained Earnings | 7.8 B | ||||
| Working Capital | 3.93 B | ||||
| Current Asset | 2.55 B | ||||
| Current Liabilities | 989.7 M | ||||
About Reliance Steel Performance
To evaluate Reliance Steel Aluminum Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Reliance Steel generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Reliance Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Reliance Steel Aluminum market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Reliance's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 71.00 | 60.54 | |
| Return On Tangible Assets | 0.18 | 0.19 | |
| Return On Capital Employed | 0.18 | 0.11 | |
| Return On Assets | 0.13 | 0.13 | |
| Return On Equity | 0.17 | 0.10 |
Things to note about Reliance Steel Aluminum performance evaluation
Checking the ongoing alerts about Reliance Steel for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Reliance Steel Aluminum help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Over 81.0% of the company shares are owned by institutional investors | |
| On 22nd of March 2024 Reliance Steel paid $ 1.1 per share dividend to its current shareholders | |
| Latest headline from simplywall.st: Reliance Has A Pretty Healthy Balance Sheet |
- Analyzing Reliance Steel's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Reliance Steel's stock is overvalued or undervalued compared to its peers.
- Examining Reliance Steel's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Reliance Steel's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Reliance Steel's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Reliance Steel's stock. These opinions can provide insight into Reliance Steel's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Steel Aluminum. 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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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Is Reliance Steel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Reliance Steel. If investors know Reliance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Reliance Steel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.20) | Dividend Share 4 | Earnings Share 22.65 | Revenue Per Share 253.839 | Quarterly Revenue Growth (0.08) |
The market value of Reliance Steel Aluminum is measured differently than its book value, which is the value of Reliance that is recorded on the company's balance sheet. Investors also form their own opinion of Reliance Steel's value that differs from its market value or its book value, called intrinsic value, which is Reliance Steel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Reliance Steel's market value can be influenced by many factors that don't directly affect Reliance Steel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Reliance Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reliance Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliance Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.