Exclusive-Rosneft, Reliance agree biggest ever India-Russia oil supply deal, sources say
| RS Stock | USD 269.02 4.82 1.82% |
Slightly above 53% of Reliance Steel's private investors are presently thinking to get in. The current sentiment regarding investing in Reliance Steel Aluminum stock implies that some traders are interested. Reliance Steel's investing sentiment can be driven by a variety of factors including economic data, Reliance Steel's earnings reports, geopolitical events, and overall market trends.
Reliance |
Russias state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day of crude to Indian private refiner Reliance in the biggest ever energy deal between the two countries, three sources familiar with the deal said. It would further cement energy relations between India and Russia, which is under heavy Western sanctions over its invasion of Ukraine. Rosneft did not reply to requests for comments.
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Reliance Steel Fundamental Analysis
We analyze Reliance Steel's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Reliance Steel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Reliance Steel based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Liabilities
Current Liabilities Comparative Analysis
Reliance Steel is currently under evaluation in current liabilities category among its peers. Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Reliance Steel Aluminum Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Reliance Steel stock to make a market-neutral strategy. Peer analysis of Reliance Steel could also be used in its relative valuation, which is a method of valuing Reliance Steel by comparing valuation metrics with similar companies.
Peers
Reliance Steel Related Equities
| CMC | Commercial Metals | 1.49 | ||||
| NUE | Nucor Corp | 0.69 | ||||
| GGB | Gerdau SA | 0.65 | ||||
| CLF | Cleveland Cliffs | 0.54 | ||||
| STLD | Steel Dynamics | 0.35 | ||||
| USAP | Universal Stainless | 0.07 | ||||
| PKX | POSCO Holdings | 0.07 | ||||
| MT | ArcelorMittal | 0.04 | ||||
| ZEUS | Olympic Steel | 2.37 | ||||
| OUTKY | Outokumpu Oyj | 4.52 | ||||
| X | United States | 4.98 |
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.