RELIANCE STEEL (Germany) Analysis
| RS6 Stock | 279.00 4.80 1.69% |
RELIANCE STEEL AL is fairly valued with Real Value of 279.68 and Hype Value of 279.0. The main objective of RELIANCE STEEL stock analysis is to determine its intrinsic value, which is an estimate of what RELIANCE STEEL AL is worth, separate from its market price. There are two main types of RELIANCE STEEL's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect RELIANCE STEEL's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of RELIANCE STEEL's stock to identify patterns and trends that may indicate its future price movements.
The RELIANCE STEEL stock is traded in Germany on Stuttgart Exchange, with the market opening at 08:00:00 and closing at 22:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Germany. RELIANCE STEEL is usually not traded on GermanUnityDay, Christmas Day, Boxing Day, New Year 's Day, Good Friday, Easter Monday, International Workers ' Day. RELIANCE Stock trading window is adjusted to Europe/Berlin timezone.
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RELIANCE Stock Analysis Notes
The company has price-to-book ratio of 1.7. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. RELIANCE STEEL AL had not issued any dividends in recent years.RELIANCE Market Capitalization
The company currently falls under 'Mid-Cap' category with a current market capitalization of 8.78 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate RELIANCE STEEL's market, we take the total number of its shares issued and multiply it by RELIANCE STEEL's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Technical Drivers
As of the 1st of February, RELIANCE STEEL holds the risk adjusted performance of 0.0597, and Semi Deviation of 1.36. Concerning fundamental indicators, the technical analysis model allows you to check practical technical drivers of RELIANCE STEEL, as well as the relationship between them.RELIANCE STEEL AL Price Movement Analysis
The output start index for this execution was thirty-five with a total number of output elements of twenty-six. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. RELIANCE STEEL middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for RELIANCE STEEL AL. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
RELIANCE STEEL Outstanding Bonds
RELIANCE STEEL issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. RELIANCE STEEL AL uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most RELIANCE bonds can be classified according to their maturity, which is the date when RELIANCE STEEL AL has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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RELIANCE STEEL Predictive Daily Indicators
RELIANCE STEEL intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of RELIANCE STEEL stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
RELIANCE STEEL Forecast Models
RELIANCE STEEL's time-series forecasting models are one of many RELIANCE STEEL's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary RELIANCE STEEL's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.Be your own money manager
As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding RELIANCE STEEL to your portfolios without increasing risk or reducing expected return.Did you try this?
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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.