Reliance Steel (Germany) Buy Hold or Sell Recommendation
| RS6 Stock | EUR 282.20 2.90 1.02% |
Assuming the 90 days horizon and your conservative risk appetite, our recommendation regarding Reliance Steel Aluminum is 'Strong Sell'. Macroaxis provides Reliance Steel buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding RS6 positions.
Check out Reliance Steel Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Reliance and provide practical buy, sell, or hold advice based on investors' constraints. Reliance Steel Aluminum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Reliance |
Execute Reliance Steel Buy or Sell Advice
The Reliance recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Reliance Steel Aluminum. Macroaxis does not own or have any residual interests in Reliance Steel Aluminum or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Reliance Steel's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Reliance Steel Trading Alerts and Improvement Suggestions
| Reliance Steel generated a negative expected return over the last 90 days | |
| Over 84.0% of the company shares are owned by institutional investors |
Reliance Steel Returns Distribution Density
The distribution of Reliance Steel's historical returns is an attempt to chart the uncertainty of Reliance Steel's future price movements. The chart of the probability distribution of Reliance Steel daily returns describes the distribution of returns around its average expected value. We use Reliance Steel Aluminum price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Reliance Steel returns is essential to provide solid investment advice for Reliance Steel.
| Mean Return | -0.02 | Value At Risk | -2.46 | Potential Upside | 2.19 | Standard Deviation | 1.44 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Reliance Steel historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Reliance Steel Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Reliance Steel or Basic Materials sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Reliance Steel's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Reliance stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 0.36 | |
σ | Overall volatility | 1.45 | |
Ir | Information ratio | -0.03 |
Reliance Steel Volatility Alert
Reliance Steel Aluminum exhibits very low volatility with skewness of -0.09 and kurtosis of -0.19. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Reliance Steel's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Reliance Steel's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Reliance Steel Fundamentals Vs Peers
Comparing Reliance Steel's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Reliance Steel's direct or indirect competition across all of the common fundamentals between Reliance Steel and the related equities. This way, we can detect undervalued stocks with similar characteristics as Reliance Steel or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Reliance Steel's fundamental indicators could also be used in its relative valuation, which is a method of valuing Reliance Steel by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Reliance Steel to competition |
| Fundamentals | Reliance Steel | Peer Average |
| Return On Equity | 0.28 | -0.31 |
| Return On Asset | 0.16 | -0.14 |
| Profit Margin | 0.11 % | (1.27) % |
| Operating Margin | 0.15 % | (5.51) % |
| Current Valuation | 12.83 B | 16.62 B |
| Shares Outstanding | 58.79 M | 571.82 M |
| Shares Owned By Insiders | 0.86 % | 10.09 % |
| Shares Owned By Institutions | 83.58 % | 39.21 % |
| Price To Earning | 8.86 X | 28.72 X |
| Price To Book | 1.78 X | 9.51 X |
| Price To Sales | 0.65 X | 11.42 X |
| Revenue | 17.02 B | 9.43 B |
| Gross Profit | 5.26 B | 27.38 B |
| EBITDA | 2.73 B | 3.9 B |
| Net Income | 1.84 B | 570.98 M |
| Cash And Equivalents | 133.6 M | 2.7 B |
| Cash Per Share | 1.99 X | 5.01 X |
| Total Debt | 1.14 B | 5.32 B |
| Debt To Equity | 49.00 % | 48.70 % |
| Current Ratio | 4.06 X | 2.16 X |
| Book Value Per Share | 120.56 X | 1.93 K |
| Cash Flow From Operations | 2.12 B | 971.22 M |
| Earnings Per Share | 28.20 X | 3.12 X |
| Target Price | 181.17 | |
| Number Of Employees | 10 | 18.84 K |
| Beta | 0.89 | -0.15 |
| Market Capitalization | 13.85 B | 19.03 B |
| Total Asset | 10.33 B | 29.47 B |
| Z Score | 8.2 | 8.72 |
| Annual Yield | 0.02 % | |
| Five Year Return | 1.90 % | |
| Net Asset | 10.33 B | |
| Last Dividend Paid | 3.5 |
Reliance Steel Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Reliance . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 282.2 | |||
| Day Typical Price | 282.2 | |||
| Price Action Indicator | (1.45) | |||
| Period Momentum Indicator | (2.90) | |||
| Relative Strength Index | 49.27 |
About Reliance Steel Buy or Sell Advice
When is the right time to buy or sell Reliance Steel Aluminum? Buying financial instruments such as Reliance Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Additional Information and Resources on Investing in Reliance Stock
When determining whether Reliance Steel Aluminum is a strong investment it is important to analyze Reliance Steel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Reliance Steel's future performance. For an informed investment choice regarding Reliance Stock, refer to the following important reports:Check out Reliance Steel Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.