Reliance Steel Aluminum Stock Price on March 6, 2024
| RS Stock | USD 286.31 1.59 0.56% |
Below is the normalized historical share price chart for Reliance Steel Aluminum extending back to September 16, 1994. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Reliance Steel stands at 286.31, as last reported on the 2nd of May, with the highest price reaching 286.31 and the lowest price hitting 286.31 during the day.
If you're considering investing in Reliance Stock, it is important to understand the factors that can impact its price. We consider Reliance Steel very steady. Reliance Steel Aluminum maintains Sharpe Ratio (i.e., Efficiency) of 0.0029, which implies the firm had a 0.0029% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Reliance Steel Aluminum, which you can use to evaluate the volatility of the company. Please check Reliance Steel's Semi Deviation of 1.55, coefficient of variation of 4720.19, and Risk Adjusted Performance of 0.0206 to confirm if the risk estimate we provide is consistent with the expected return of 0.0062%.
At this time, Reliance Steel's Total Stockholder Equity is comparatively stable compared to the past year. Common Stock Shares Outstanding is likely to gain to about 70.5 M in 2024, whereas Common Stock Total Equity is likely to drop slightly above 85.5 K in 2024. . At this time, Reliance Steel's Price To Sales Ratio is comparatively stable compared to the past year. Price Earnings Ratio is likely to gain to 14.20 in 2024, despite the fact that Price Earnings To Growth Ratio is likely to grow to (0.47). Reliance Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 15th of September 1994 | 200 Day MA 286.5737 | 50 Day MA 322.549 | Beta 0.879 |
Reliance |
Sharpe Ratio = 0.0029
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Estimated Market Risk
| 2.15 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Reliance Steel is not performing at its full potential. However, 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 Reliance Steel to a well-diversified portfolio.
Price Book 2.4208 | Enterprise Value Ebitda 8.9386 | Price Sales 1.2626 | Shares Float 56.9 M | Dividend Share 4.1 |
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Reliance Steel Valuation on March 6, 2024
It is possible to determine the worth of Reliance Steel on a given historical date. On March 6, 2024 Reliance was worth 325.08 at the beginning of the trading date compared to the closed value of 321.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Reliance Steel stock. Still, in general, we apply an absolute valuation method to find Reliance Steel's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Reliance Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Reliance Steel's related companies.
| Open | High | Low | Close | Volume | |
| 319.93 | 322.52 | 318.29 | 319.17 | 185,369 | |
03/06/2024 | 325.08 | 325.08 | 319.96 | 321.17 | 193,365 |
| 323.38 | 325.05 | 319.52 | 321.98 | 253,642 |
| Backtest Reliance Steel | | | Reliance Steel History | | | Reliance Steel Valuation | Previous | Next |
Reliance Steel Trading Date Momentum on March 6, 2024
| On March 07 2024 Reliance Steel Aluminum was traded for 321.98 at the closing time. The highest price during the trading period was 325.05 and the lowest recorded bid was listed for 319.52 . The volume for the day was 253.6 K. This history from March 7, 2024 contributed to the next trading day price appreciation. The trading delta at closing time to the next closing price was 0.25% . The trading delta at closing time to the current price is 0.86% . |
Reliance Steel Aluminum Fundamentals Correlations and Trends
By evaluating Reliance Steel's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Reliance Steel's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Reliance financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Reliance Steel Stock history
Reliance Steel investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Reliance is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Reliance Steel Aluminum will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Reliance Steel stock prices may prove useful in developing a viable investing in Reliance Steel
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 59 M | 70.5 M | |
| Net Income Applicable To Common Shares | 2.1 B | 2.2 B |
Reliance Steel Quarterly Net Working Capital |
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Reliance Steel Stock Technical Analysis
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.
Price Boundaries
Reliance Steel Period Price Range
Low | March 6, 2024
| High |
325.08 | 321.17 |
Reliance Steel May 2, 2024 Market Strength
Market strength 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 undertsting and applying Reliance Steel stock market strength indicators, traders can identify Reliance Steel Aluminum entry and exit signals to maximize returns
| Accumulation Distribution | 3045.49 | |||
| Daily Balance Of Power | (0.76) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 322.52 | |||
| Day Typical Price | 322.07 | |||
| Price Action Indicator | (3.30) | |||
| Period Momentum Indicator | (34.86) |
Reliance Steel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Reliance Steel's price direction in advance. Along with the technical and fundamental analysis of Reliance Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Reliance to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0206 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0203 |
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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 Transaction History module to view history of all your transactions and understand their impact on 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 (0.19) | Dividend Share 4.1 | Earnings Share 21.44 | Revenue Per Share 249.942 | 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.