RELIANCE STEEL (Germany) Performance
| RS6 Stock | 277.90 1.20 0.43% |
RELIANCE STEEL has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of 0.45, which implies possible diversification benefits within a given portfolio. As returns on the market increase, RELIANCE STEEL's returns are expected to increase less than the market. However, during the bear market, the loss of holding RELIANCE STEEL is expected to be smaller as well. RELIANCE STEEL AL currently holds a risk of 1.63%. Please check RELIANCE STEEL AL semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if RELIANCE STEEL AL will be following its historical price patterns.
Risk-Adjusted Performance
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in RELIANCE STEEL AL are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively fragile basic indicators, RELIANCE STEEL may actually be approaching a critical reversion point that can send shares even higher in February 2025. ...more
| Begin Period Cash Flow | 300.5 M | |
| Free Cash Flow | 1.8 B |
RELIANCE |
RELIANCE STEEL Relative Risk vs. Return Landscape
If you would invest 26,164 in RELIANCE STEEL AL on October 23, 2024 and sell it today you would earn a total of 1,626 from holding RELIANCE STEEL AL or generate 6.21% return on investment over 90 days. RELIANCE STEEL AL is generating 0.1135% of daily returns and assumes 1.6344% volatility on return distribution over the 90 days horizon. Simply put, 14% of stocks are less volatile than RELIANCE, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
RELIANCE STEEL Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for RELIANCE STEEL's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as RELIANCE STEEL AL, and traders can use it to determine the average amount a RELIANCE STEEL's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0694
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| Cash | Small Risk | RS6 | High Risk | Huge Risk |
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Estimated Market Risk
| 1.63 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average RELIANCE STEEL is performing at about 5% of its full potential. 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 it to a well-diversified portfolio.
RELIANCE STEEL Fundamentals Growth
RELIANCE Stock prices reflect investors' perceptions of the future prospects and financial health of RELIANCE STEEL, and RELIANCE STEEL fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on RELIANCE Stock performance.
| Current Valuation | 12.52 B | |||
| Price To Book | 1.70 X | |||
| Price To Sales | 0.71 X | |||
| Revenue | 17.02 B | |||
| EBITDA | 2.73 B | |||
| Total Debt | 1.14 B | |||
| Cash Flow From Operations | 2.12 B | |||
| Total Asset | 10.33 B | |||
About RELIANCE STEEL Performance
Assessing RELIANCE STEEL's fundamental ratios provides investors with valuable insights into RELIANCE STEEL's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the RELIANCE STEEL is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Things to note about RELIANCE STEEL AL performance evaluation
Checking the ongoing alerts about RELIANCE STEEL for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for RELIANCE STEEL AL help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating RELIANCE STEEL's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate RELIANCE STEEL's stock performance include:- Analyzing RELIANCE STEEL's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether RELIANCE STEEL's stock is overvalued or undervalued compared to its peers.
- Examining RELIANCE STEEL's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating RELIANCE STEEL's management team can have a significant impact on its success or failure. Reviewing the track record and experience of RELIANCE STEEL's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of RELIANCE STEEL's stock. These opinions can provide insight into RELIANCE STEEL's potential for growth and whether the stock is currently undervalued or overvalued.
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.