Reliance, Inc. Reports Second Quarter 2024 Financial Results - StockTitan
| RS6 Stock | 304.40 0.80 0.26% |
Slightly above 56% of RELIANCE STEEL's investor base is looking to short. The analysis of current outlook of investing in RELIANCE STEEL AL suggests that many traders are alarmed regarding RELIANCE STEEL's prospects. 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 |
Reliance, Inc. Reports Second Quarter 2024 Financial Results StockTitan
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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.
EBITDA
EBITDA Comparative Analysis
RELIANCE STEEL is currently under evaluation in ebitda category among its peers. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
RELIANCE STEEL AL 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
| TLIK | TELES Informationstech | 2.74 | ||||
| LPK | LPKF Laser | 1.18 | ||||
| UM3 | UMC Electronics | 1.07 | ||||
| PUP | Public Storage | 0.76 | ||||
| MLT | MICRONIC MYDATA | 0.06 | ||||
| SGM | STMicroelectronics | 0.54 | ||||
| 3T4 | TERADATA | 0.68 | ||||
| 20Y | Data#3 | 1.26 |
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.