Reliance, Inc. to Ring the Closing Bell at the New York Stock Exchange to Commemorate its 30th Anniversary as a Public Company - 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. to Ring the Closing Bell at the New York Stock Exchange to Commemorate its 30th Anniversary as a Public Company 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.
Cash Flow From Operations
Cash Flow From Operations Comparative Analysis
RELIANCE STEEL is currently under evaluation in cash flow from operations category among its peers. Operating Cash Flow reveals the quality of a company's reported earnings and is calculated by deducting company's income taxes from earnings before interest, taxes, and depreciation (EBITDA). In other words, Operating Cash Flow refers to the amount of cash a firm generates from the sales or products or from rendering services. Operating Cash Flow typically excludes costs associated with long-term investments or investment in marketable securities and is usually used by investors or analysts to check on the quality of a company's earnings.
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.