RELIANCE STL ALUM Performance
| 759509AB8 | 108.30 0.00 0.00% |
The bond holds a Beta of 0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, RELIANCE's returns are expected to increase less than the market. However, during the bear market, the loss of holding RELIANCE is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days RELIANCE STL ALUM has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Bond's basic indicators remain somewhat strong which may send shares a bit higher in January 2025. The current disturbance may also be a sign of long term up-swing for RELIANCE STL ALUM investors. ...more
| Yield To Maturity | 6.618 |
RELIANCE |
RELIANCE Relative Risk vs. Return Landscape
If you would invest 11,575 in RELIANCE STL ALUM on September 28, 2024 and sell it today you would lose (745.00) from holding RELIANCE STL ALUM or give up 6.44% of portfolio value over 90 days. RELIANCE STL ALUM is generating negative expected returns and assumes 2.1391% volatility on return distribution over the 90 days horizon. Simply put, 19% of bonds are less volatile than RELIANCE, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
RELIANCE Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for RELIANCE's investment risk. Standard deviation is the most common way to measure market volatility of bonds, such as RELIANCE STL ALUM, and traders can use it to determine the average amount a RELIANCE'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 = -0.1191
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| Negative Returns | 759509AB8 |
Estimated Market Risk
| 2.14 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.25 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average RELIANCE is not performing at its full potential. However, 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 by adding RELIANCE to a well-diversified portfolio.
About RELIANCE Performance
By analyzing RELIANCE's fundamental ratios, stakeholders can gain valuable insights into RELIANCE's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if RELIANCE has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if RELIANCE has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| RELIANCE STL ALUM generated a negative expected return over the last 90 days |
Other Information on Investing in RELIANCE Bond
RELIANCE financial ratios help investors to determine whether RELIANCE Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in RELIANCE with respect to the benefits of owning RELIANCE security.