Reliance Steel Value At Risk
| RS6 Stock | | | EUR 257.30 -0.90 -0.35% |
Technical inputs supporting the Value At Risk indicator for Reliance Steel Aluminum are shown here. Values are derived from historical price and volume observations. Availability can differ across markets, exchanges, and instruments. Reliance Steel has a market cap of 13.15 B, operating margin of 5.5%, ROE of 10.29%. For allocation context, review
Your Equity Center. Allocation details are provided as informational context. Allocation context is based on the most recent position data. A position in Reliance Steel Aluminum is indicated here. It is reflected in the overall portfolio structure. Position weights are derived from the portfolio construction methodology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Reliance Steel Aluminum has current Value At Risk of
-2.28. Value At Risk (or VAR) is a statistical technique used to measure the level of financial risk of investment instrument over a specific time frame. It is a widely used measure of the risk of loss on a specific investing instrument.
Value At Risk | = | ER[a] x N | + | (Z-SCORE x STD x SQRT (N)) |
| = | -2.28 | |
| ER[a] | = | Expected return on investing in Reliance Steel |
| STD | = | Standard Deviation of Reliance Steel |
| N | = | Number of points for the period |
| Z-SCORE | = | Number of standard deviations above or below the mean |
Value At Risk Peers Comparison
Value At Risk Relative To Other Indicators
Reliance Steel Aluminum ranks
second among stocks in value at risk across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set .
Value At Risk is used by risk managers in order to measure and control the level of risk which the firm undertakes. The risk manager job is to ensure that risks are not taken beyond the level at which the firm can absorb the losses of a probable worst outcome. VAR can be defined as the loss level that will not be exceeded with a certain confidence level during a certain period of time.
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