Reliance Stock Future Price Prediction

RS
 Stock
  

USD 208.73  0.24  0.12%   

Reliance Steel Aluminum stock price prediction is an act of determining the future value of Reliance Steel shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Reliance Steel's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Reliance Steel and does not consider all of the tangible or intangible factors available from Reliance Steel's fundamental data. We analyze noise-free headlines and recent hype associated with Reliance Steel Aluminum, which may create opportunities for some arbitrage if properly timed.
Additionally, take a look at Reliance Steel Basic Forecasting Models to cross-verify your projections.
  
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Reliance Steel based on different types of headlines from major news networks to social media. The Reliance stock price prediction module provides an analysis of price elasticity to changes in media outlook on Reliance Steel over a specific investment horizon.
Quarterly Earnings Growth YOY
0.049
EPS Estimate Next Quarter
4.26
EPS Estimate Current Year
28.58
EPS Estimate Next Year
19.3
Wall Street Target Price
221.4
EPS Estimate Current Quarter
6.19
Using Reliance Steel hype-based prediction, you can estimate the value of Reliance Steel Aluminum from the perspective of Reliance Steel response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Reliance Steel using Reliance Steel's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Reliance using crowd psychology based on the activity and movement of Reliance Steel's stock price.
Reliance Steel Operating Margin is relatively stable at the moment as compared to the past year. Reliance Steel reported last year Operating Margin of 13.83. As of 12/08/2022, Cash and Equivalents Turnover is likely to grow to 29.40, while Cash Flow Per Share is likely to drop 10.88.

Reliance Steel Short Interest

A significant increase or decrease in Reliance Steel's short interest from the previous month could be a good indicator of investor sentiment towards Reliance. Short interest can provide insight into the potential direction of Reliance Steel stock and how bullish or bearish investors feel about the market overall. An investor who is long Reliance Steel may also wish to track short interest. As short interest increases, investors should be becoming more worried about Reliance Steel and may potentially protect profits, hedge Reliance Steel with its derivative instruments, or be ready for some potential downside.
200 Day MA
188.4959
Short Percent
0.0112
Short Ratio
1.22
Shares Short Prior Month
743.1 K
50 Day MA
196.2002
Shares Short
571.5 K

Reliance Steel Aluminum Hype to Price Pattern

Investor biases related to Reliance Steel's public news can be used to forecast risks associated with investment in Reliance. The trend in average sentiment can be used to explain how an investor holding Reliance can time the market purely based on public headlines and social activities around Reliance Steel Aluminum. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Reliance Steel's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Reliance Steel.

Reliance Steel Implied Volatility

    
  63.89  
Reliance Steel's implied volatility exposes the market's sentiment of Reliance Steel Aluminum stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Reliance Steel's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Reliance Steel stock will not fluctuate a lot when Reliance Steel's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Reliance Steel. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Reliance Steel to buy its stock at a price that has no basis in reality. In that case, they are not buying Reliance because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.

Reliance Steel after-hype prediction price

    
  USD 208.13  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.

Prediction based on Rule 16 of the current Reliance contract

Based on the Rule 16, the options market is currently suggesting that Reliance Steel Aluminum will have an average daily up or down price movement of about 3.99% per day over the life of the 2022-12-16 option contract. With Reliance Steel trading at USD208.73, that is roughly USD8.33. If you think that the market is fully incorporating Reliance Steel's daily price movement you should consider acquiring Reliance Steel Aluminum options at the current volatility level of 63.89%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Reliance Steel's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Reliance Steel in the context of predictive analytics.
Intrinsic
Valuation
LowReal ValueHigh
199.07201.27229.60
Details
Naive
Forecast
LowNext ValueHigh
206.11208.31210.51
Details
5 Analysts
Consensus
LowTarget PriceHigh
158.00177.00200.00
Details
Earnings
Estimates (4)
LowProjected EPSHigh
20.3520.4820.63
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Reliance Steel. Your research has to be compared to or analyzed against Reliance Steel's peers to derive any actionable benefits. When done correctly, Reliance Steel's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Reliance Steel Aluminum.

Reliance Steel After-Hype Price Prediction Density Analysis

As far as predicting the price of Reliance Steel at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Reliance Steel or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Reliance Steel, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Reliance Steel Estimiated After-Hype Price Volatility

In the context of predicting Reliance Steel's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Reliance Steel's historical news coverage. Reliance Steel's after-hype downside and upside margins for the prediction period are 205.93 and 210.33, respectively. We have considered Reliance Steel's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value 208.73
205.93
Downside
208.13
After-hype Price
210.33
Upside
Reliance Steel is very steady asset. Analysis and calculation of next after-hype price of Reliance Steel Aluminum is based on 3 months time horizon.

Reliance Steel Stock Price Prediction Analysis

Have you ever been surprised when a price of a company such as Reliance Steel is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Reliance Steel backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Reliance Steel, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
 0.12  2.17   0.42   0.06  4 Events / Month5 Events / MonthIn about 4 days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
208.73208.130.29 
62.00  

Reliance Steel Hype Timeline

As of December 8, 2022 Reliance Steel Aluminum is listed for 208.73. The entity has historical hype elasticity of -0.42 and average elasticity to hype of competition of 0.06. Reliance is projected to decline in value after the next headline with the price expected to drop to 208.13. The average volatility of media hype impact on the company price is about 62.0%. The price decline on the next newsis expected to be -0.29% whereas the daily expected return is at this time at 0.12%. The volatility of related hype on Reliance Steel is about 408.58% with expected price after next announcement by competition of 208.79. About 84.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.83. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Reliance Steel Aluminum has Price/Earnings To Growth (PEG) ratio of 1.2. The entity recorded earning per share (EPS) of 30.6. The firm last dividend was issued on the 17th of November 2022. Reliance Steel had 2:1 split on the 20th of July 2006. Allowing for the 90-day total investment horizon the next projected press release will be in about 4 days.
Additionally, take a look at Reliance Steel Basic Forecasting Models to cross-verify your projections.

Reliance Steel Related Hype Analysis

Having access to credible news sources related to Reliance Steel's direct competition is more important than ever and may enhance your ability to predict Reliance Steel's future price movements. Getting to know how Reliance Steel rivals react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Reliance Steel may potentially react to the hype associated with one of its peers.
Hype
Elasticity
News
Density
Semi
Deviation
Information
Ratio
Potential
Upside
Value
At Risk
Maximum
Drawdown
WMTWalmart(1.84) 7 per month 1.11  0.08  2.18 (2.33)  7.70 
BAThe Boeing 7.96 9 per month 3.15  0.06  4.65 (5.37)  14.69 
TATT Inc 0.17 7 per month 1.08  0.1  2.54 (2.10)  9.29 
CATCaterpillar(5.20) 8 per month 1.43  0.14  4.36 (2.70)  9.57 
MSFTMicrosoft 6.70 8 per month 0.00 (0.038)  3.92 (3.54)  11.64 
HDHome Depot(0.92) 8 per month 1.88  0.048  2.81 (2.50)  11.25 
JPMJPMorgan Chase Co(2.41) 8 per month 1.39  0.09  4.20 (2.80)  8.36 
KOCoca-Cola Co 0.26 7 per month 1.18  0.0056  2.40 (1.60)  5.09 
BACBank Of America 0.06 3 per month 2.03 (0.0279)  4.14 (2.97)  10.59 

Reliance Steel Additional Predictive Modules

Most predictive techniques to examine Reliance price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Reliance using various technical indicators. When you analyze Reliance charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Reliance Steel Predictive Indicators

The successful prediction of Reliance Steel stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Reliance Steel Aluminum, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Reliance Steel based on analysis of Reliance Steel hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Reliance Steel's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Reliance Steel's related companies.
 2019 2021 2022 (projected)
Long Term Debt to Equity0.290.270.37
Interest Coverage6.3813.1514.19

Story Coverage note for Reliance Steel

The number of cover stories for Reliance Steel depends on current market conditions and Reliance Steel's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Reliance Steel is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Reliance Steel's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Reliance Steel Short Properties

Reliance Steel's future price predictability will typically decrease when Reliance Steel's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Reliance Steel Aluminum often depends not only on the future outlook of the potential Reliance Steel's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Reliance Steel's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding64350000.00
Cash And Short Term Investments300500000.00
Additionally, take a look at Reliance Steel Basic Forecasting Models to cross-verify your projections. You can also try Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for analysis

When running Reliance Steel Aluminum 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 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.
Stock Screener
Find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
Transaction History
View history of all your transactions and understand their impact on performance
Go
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go
Is Reliance Steel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Reliance Steel. If investors know Reliance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Reliance Steel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.049
Market Capitalization
12.3 B
Quarterly Revenue Growth YOY
0.104
Return On Assets
0.1691
Return On Equity
0.3011
The market value of Reliance Steel Aluminum is measured differently than its book value, which is the value of Reliance that is recorded on the company's balance sheet. Investors also form their own opinion of Reliance Steel's value that differs from its market value or its book value, called intrinsic value, which is Reliance Steel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Reliance Steel's market value can be influenced by many factors that don't directly affect Reliance Steel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Reliance Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine Reliance Steel value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliance Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.