Reliance Worldwide Corporation Limiteds high institutional ownership speaks for itself as stock continues to impress, up 4.6 percent over last week
| RS Stock | USD 306.29 0.59 0.19% |
Slightly above 56% of Reliance Steel's investor base is looking to short. The current sentiment regarding investing in Reliance Steel Aluminum stock implies that many traders are alarmed. Reliance Steel's investing sentiment can be driven by a variety of factors including economic data, Reliance Steel's earnings reports, geopolitical events, and overall market trends.
Reliance |
Key Insights Significantly high institutional ownership implies Reliance Worldwides stock price is sensitive to their...
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Reliance Steel Fundamental Analysis
We analyze Reliance Steel'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 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.
Price To Sales
Price To Sales Comparative Analysis
Reliance Steel is currently under evaluation in price to sales category among its peers. Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Reliance Steel Aluminum Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Reliance Steel stock to make a market-neutral strategy. Peer analysis of Reliance Steel could also be used in its relative valuation, which is a method of valuing Reliance Steel by comparing valuation metrics with similar companies.
Peers
Reliance Steel Related Equities
| OUTKY | Outokumpu Oyj | 6.87 | ||||
| PKX | POSCO Holdings | 1.51 | ||||
| GGB | Gerdau SA | 0.57 | ||||
| USAP | Universal Stainless | 0.11 | ||||
| MT | ArcelorMittal | 0.12 | ||||
| CMC | Commercial Metals | 0.24 | ||||
| ZEUS | Olympic Steel | 0.90 | ||||
| X | United States | 0.94 | ||||
| STLD | Steel Dynamics | 1.29 | ||||
| NUE | Nucor Corp | 1.51 | ||||
| CLF | Cleveland Cliffs | 3.68 |
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.