RELIANCE Competitors

Stocks . Germany . 
Stock . RELIANCE STEEL AL
RS6 Stock   305.00  4.70  1.57%   
RELIANCE STEEL AL competes with Natural Health, Taiwan Semiconductor, Elmos Semiconductor, Diamondrock Hospitality, and TOREX SEMICONDUCTOR; as well as few others. The company operates under Other sector and is part of Other industry. Analyzing RELIANCE STEEL competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of RELIANCE STEEL to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out RELIANCE STEEL Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of RELIANCE STEEL competition on your existing holdings.
  
Specify up to 10 symbols:
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of RELIANCE STEEL's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
299.70301.40303.10
Details
Intrinsic
Valuation
LowRealHigh
271.26333.44335.14
Details
Naive
Forecast
LowNextHigh
295.85297.55299.25
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
248.39281.22314.05
Details

RELIANCE STEEL Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between RELIANCE STEEL and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of RELIANCE and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of RELIANCE STEEL AL does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
M5V
+ 0.9
TSFA
M5V
+ 0.83
HBO
HBO
+ 0.81
TSFA
SMG
+ 0.63
8KH
8KH
+ 0.6
ELG
ELG
+ 0.58
NAH
  
High negative correlations   
M5V
- 0.68
8KH
ELG
- 0.67
TSFA
8KH
- 0.64
TSFA
TSFA
- 0.59
NAH
8KH
- 0.58
HBO
M5V
- 0.54
ELG

Risk-Adjusted Indicators

There is a big difference between RELIANCE Stock performing well and RELIANCE STEEL Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze RELIANCE STEEL's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
All Fundamental Data

RELIANCE STEEL Competitive Analysis

The better you understand RELIANCE STEEL competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, RELIANCE STEEL's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across RELIANCE STEEL's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
RS6 NAH TSFA ELG HBO 8KH M5V SMG
 1.57 
 305.00 
RELIANCE
 3.85 
 5.00 
Natural
 3.30 
 176.00 
Taiwan
 1.13 
 62.70 
Elmos
 2.37 
 8.65 
Diamondrock
 1.92 
 7.65 
TOREX
 2.51 
 4.66 
EHEALTH
 1.73 
 3.40 
MagnaChip
Market Volatility
(90 Days Market Risk)
Very steady
Slightly risky
Very steady
Very steady
Not too volatile
Somewhat reliable
Moderately volatile
Unstable
Market Performance
(90 Days Performance)
Good
Very Weak
OK
Very Weak
OK
Very Weak
OK
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Average
Low
Below Average
Quite High
Current Valuation
(Equity Enterprise Value)
Under Valued
Fairly Valued
Fairly Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Buy
Hold
Buy
Strong Buy
Strong Buy
Strong Buy
Strong Buy
Strong Buy
Current Ratio
N/A
N/A
1.88 X
N/A
N/A
N/A
N/A
N/A
Net Asset
10.33 B
98.36 M
4.96 T
418.01 M
2.97 B
N/A
1.11 B
516.64 M
Profit Margin
N/A
N/A
0.45 %
0.16 %
N/A
0.13 %
N/A
N/A
EBITDA
2.73 B
1.87 M
1.59 T
91.64 M
(51.91 M)
6.99 B
(61.99 M)
13.28 M
Current Valuation
12.52 B
(21.58 M)
365.06 B
1.09 B
2.89 B
N/A
304.2 M
164.79 M
Price To Book
1.70 X
0.84 X
4.62 X
3.28 X
1.16 X
N/A
0.19 X
1.04 X
Operating Margin
N/A
N/A
0.50 %
0.23 %
N/A
0.17 %
N/A
N/A
Five Year Return
N/A
N/A
2.90 %
N/A
N/A
N/A
N/A
N/A
Beta
N/A
N/A
1.26
1.61
N/A
0.84
N/A
N/A
Number Of Employees
N/A
N/A
10
1.15 K
N/A
1.03 K
20
N/A
Shares Outstanding
N/A
N/A
5.19 B
17.11 M
N/A
10.94 M
N/A
N/A
Cash Flow From Operations
2.12 B
1.02 M
1.61 T
79.6 M
(2.31 M)
N/A
(26.87 M)
5.17 M
Annual Yield
0.02 %
0.20 %
0.02 %
0.01 %
0.03 %
0.02 %
N/A
N/A
Total Debt
1.14 B
N/A
839.1 B
60.37 M
977.22 M
N/A
66.13 M
N/A
Return On Equity
N/A
N/A
0.4
0.2
N/A
0.19
N/A
N/A
Z Score
5.2
N/A
N/A
13.2
0.6
N/A
5.4
N/A
Return On Asset
N/A
N/A
0.16
0.12
N/A
0.0981
N/A
N/A
Book Value Per Share
N/A
N/A
14.20 X
19.63 X
N/A
2,317 X
N/A
N/A
Total Asset
10.33 B
98.36 M
4.96 T
418.01 M
2.97 B
N/A
1.11 B
516.64 M
Last Dividend Paid
N/A
0.14
11.0
0.65
N/A
52.0
N/A
N/A
Debt To Equity
N/A
N/A
0.21 %
N/A
N/A
N/A
N/A
N/A
Target Price
N/A
N/A
143.82
76.8
N/A
N/A
N/A
N/A
Shares Owned By Institutions
N/A
N/A
16.95 %
23.66 %
N/A
25.69 %
N/A
N/A
Market Capitalization
8.78 B
55.02 M
429.41 B
1.33 B
1.73 B
209.4 M
599.1 M
710.13 M
Price To Earning
N/A
N/A
31.60 X
N/A
N/A
N/A
N/A
N/A
Price To Earnings To Growth
N/A
N/A
0.84 X
N/A
N/A
N/A
0.75 X
1.12 X
Price To Sales
0.71 X
0.82 X
0.18 X
2.42 X
2.02 X
N/A
0.26 X
1.18 X
Net Income
1.84 B
1.08 M
1.02 T
39.81 M
(194.58 M)
N/A
(88.72 M)
(8.04 M)
Earnings Per Share
N/A
N/A
6.03 X
3.78 X
N/A
2.84 X
N/A
N/A
Shares Owned By Insiders
N/A
N/A
N/A
56.00 %
N/A
18.63 %
N/A
N/A
Revenue
17.02 B
60.01 M
2.26 T
322.09 M
567.13 M
33.27 B
405.36 M
337.66 M
Cash And Equivalents
N/A
N/A
870.84 B
17.76 M
N/A
N/A
N/A
N/A
Cash Per Share
N/A
N/A
167.92 X
N/A
N/A
N/A
N/A
N/A
Gross Profit
N/A
158.92 M
1.35 T
144.67 M
N/A
9.47 B
N/A
N/A
Day Typical Price
304.03
5.0
177.0
62.53
8.55
7.65
4.66
3.41
Accumulation Distribution
0.0199
N/A
0.0234
306.11
0.046
N/A
N/A
0.0116
Market Facilitation Index
6.1
N/A
4.2
1.0E-4
0.4
N/A
N/A
0.04
Daily Balance Of Power
0.7705
(9,223,372,036,855)
(1.43)
0.5385
0.5
(9,223,372,036,855)
(9,223,372,036,855)
(1.50)
Period Momentum Indicator
4.7
(0.20)
(6.00)
0.7
0.2
(0.15)
(0.12)
(0.06)
Rate Of Daily Change
1.02
0.96
0.97
1.01
1.02
0.98
0.97
0.98
Day Median Price
303.55
5.0
177.5
62.45
8.5
7.65
4.66
3.42
Price Action Indicator
3.8
(0.10)
(4.50)
0.6
0.25
(0.07)
(0.06)
(0.05)
Coefficient Of Variation
559.71
(1,199)
1034.88
(1,100)
700.63
(470.65)
811.94
(877.51)
Mean Deviation
1.14
1.74
1.85
2.17
1.3
1.38
2.58
2.03
Jensen Alpha
0.2092
(0.19)
0.2018
(0.38)
0.1186
(0.43)
0.3144
(0.45)
Total Risk Alpha
0.0723
(0.54)
(0.1)
(0.75)
0.0133
(0.64)
(0.04)
(0.72)
Sortino Ratio
0.1201
N/A
0.0533
N/A
0.0986
N/A
0.101
N/A
Downside Variance
2.64
N/A
6.85
N/A
2.67
N/A
9.85
N/A
Standard Deviation
1.71
2.48
2.58
3.33
1.9
1.83
3.46
2.92
Kurtosis
5.3
4.15
2.56
8.86
4.29
0.5523
0.9511
4.65
Potential Upside
2.3
3.66
4.54
4.31
3.8
2.6
7.35
3.98
Treynor Ratio
0.3429
0.8157
0.6405
(0.45)
0.1825
(1.25)
0.4054
(0.32)
Maximum Drawdown
8.4
13.49
14.99
22.98
10.56
9.03
16.09
17.85
Variance
2.91
6.14
6.64
11.06
3.6
3.34
12.0
8.53
Market Risk Adjusted Performance
0.3529
0.8257
0.6505
(0.44)
0.1925
(1.24)
0.4154
(0.31)
Risk Adjusted Performance
0.1418
(0.06)
0.0807
(0.06)
0.1148
(0.16)
0.1017
(0.08)
Skewness
0.3042
(1.26)
0.392
1.84
1.49
(0.31)
0.5485
(1.11)
Semi Deviation
1.29
N/A
2.38
N/A
1.13
N/A
2.64
N/A
Information Ratio
0.1145
(0.13)
0.0541
(0.12)
0.085
(0.27)
0.0916
(0.15)
Value At Risk
(1.85)
(3.71)
(3.72)
(4.90)
(2.38)
(3.74)
(3.93)
(3.85)
Expected Short fall
(1.27)
N/A
(1.94)
N/A
(1.86)
N/A
(3.16)
N/A
Downside Deviation
1.63
N/A
2.62
N/A
1.64
N/A
3.14
N/A
Semi Variance
1.66
N/A
5.68
N/A
1.27
N/A
6.96
N/A

RELIANCE STEEL Competition Performance Charts

Five steps to successful analysis of RELIANCE STEEL Competition

RELIANCE STEEL's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by RELIANCE STEEL AL in relation to its competition. RELIANCE STEEL's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of RELIANCE STEEL in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact RELIANCE STEEL's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to RELIANCE STEEL AL, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your RELIANCE STEEL position

In addition to having RELIANCE STEEL in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Recycling Thematic Idea Now

Recycling
Recycling Theme
West management companies as well as entities specializing in pollution control and recycling. The Recycling theme has 46 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Recycling Theme or any other thematic opportunities.
View All  Next Launch

Additional 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.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY