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Reliance Worldwide Corporation Ltd
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Let's analyse Reliance Worldwide Corporation Ltd together

PenkeI guess you are interested in Reliance Worldwide Corporation Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Reliance Worldwide Corporation Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Reliance Worldwide Corporation Ltd (30 sec.)










What can you expect buying and holding a share of Reliance Worldwide Corporation Ltd? (30 sec.)

How much money do you get?

How much money do you get?
A$0.24
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
A$1.56
Expected worth in 1 year
A$2.07
How sure are you?
80.0%

+ What do you gain per year?

Total Gains per Share
A$0.89
Return On Investment
17.5%

For what price can you sell your share?

Current Price per Share
A$5.06
Expected price per share
A$4.1341 - A$5.9
How sure are you?
50%

1. Valuation of Reliance Worldwide Corporation Ltd (5 min.)




Live pricePrice per Share (EOD)

A$5.06

Intrinsic Value Per Share

A$2.40 - A$3.69

Total Value Per Share

A$3.96 - A$5.25

2. Growth of Reliance Worldwide Corporation Ltd (5 min.)




Is Reliance Worldwide Corporation Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$790.6m$725.9m$64.7m8.2%

How much money is Reliance Worldwide Corporation Ltd making?

Current yearPrevious yearGrowGrow %
Making money$89.6m$88.2m$1.4m1.6%
Net Profit Margin11.2%11.7%--

How much money comes from the company's main activities?

3. Financial Health of Reliance Worldwide Corporation Ltd (5 min.)




4. Comparing to competitors in the Building Products & Equipment industry (5 min.)




  Industry Rankings (Building Products & Equipment)  


Richest
#38 / 225

Most Revenue
#42 / 225

Most Profit
#27 / 225

What can you expect buying and holding a share of Reliance Worldwide Corporation Ltd? (5 min.)

Welcome investor! Reliance Worldwide Corporation Ltd's management wants to use your money to grow the business. In return you get a share of Reliance Worldwide Corporation Ltd.

What can you expect buying and holding a share of Reliance Worldwide Corporation Ltd?

First you should know what it really means to hold a share of Reliance Worldwide Corporation Ltd. And how you can make/lose money.

Speculation

The Price per Share of Reliance Worldwide Corporation Ltd is A$5.06. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Reliance Worldwide Corporation Ltd.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Reliance Worldwide Corporation Ltd, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$1.56. Based on the TTM, the Book Value Change Per Share is A$0.13 per quarter. Based on the YOY, the Book Value Change Per Share is A$-0.08 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.09 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Reliance Worldwide Corporation Ltd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps0.112.2%0.112.2%0.112.2%0.112.2%0.071.4%
Usd Book Value Change Per Share0.081.6%0.081.6%-0.05-1.0%-0.02-0.3%0.081.6%
Usd Dividend Per Share0.061.2%0.061.2%0.061.2%0.050.9%0.030.6%
Usd Total Gains Per Share0.142.8%0.142.8%0.010.2%0.030.6%0.112.2%
Usd Price Per Share2.63-2.63-2.59-2.55-2.02-
Price to Earnings Ratio23.20-23.20-23.22-23.08--126.31-
Price-to-Total Gains Ratio18.48-18.48-271.25-82.97-56.26-
Price to Book Ratio2.63-2.63-2.82-2.83-4.30-
Price-to-Total Gains Ratio18.48-18.48-271.25-82.97-56.26-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share3.249026
Number of shares307
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.060.05
Usd Book Value Change Per Share0.08-0.02
Usd Total Gains Per Share0.140.03
Gains per Quarter (307 shares)43.7410.00
Gains per Year (307 shares)174.9740.00
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
17410116558-1830
2149201340117-3770
3223302515175-55110
4298402690234-74150
5372503865292-92190
64466031040351-111230
75217041215409-129270
85958051390468-148310
96709051565526-166350
1074410061740585-185390

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.01.00.090.0%9.01.01.081.8%
Book Value Change Per Share1.00.00.0100.0%2.01.00.066.7%2.03.00.040.0%6.04.00.060.0%7.04.00.063.6%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%11.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%8.02.00.080.0%9.02.00.081.8%

Fundamentals of Reliance Worldwide Corporation Ltd

About Reliance Worldwide Corporation Ltd

Reliance Worldwide Corporation Limited, together with its subsidiaries, engages in the design, manufacture, and supply of water flow, control, and monitoring products and solutions for plumbing and heating industries. It offers plumbing solutions comprising brass and plastic push-to-connect plumbing fittings, other fittings, pipes, valves, and integrated installation solutions; appliance installations solutions, such as fluid tech and appliance installation and repair services; and other products. The company provides its products under the SharkBite, JG Speedfit, HoldRite, CashAcme, Reliance Valves, MultiSafe, and John Guest brands. It distributes its products through retail, wholesale, and original equipment manufacturers (OEMs). The company operates in Australia, New Zealand, Korea, China, the United States, Canada, the United Kingdom, Spain, Italy, Germany, France, the Czech Republic, and Poland. Reliance Worldwide Corporation Limited was founded in 1949 and is headquartered in Atlanta, Georgia.

Fundamental data was last updated by Penke on 2024-04-03 11:23:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is underpriced.

1.1. Profitability of Reliance Worldwide Corporation Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Reliance Worldwide Corporation Ltd earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Reliance Worldwide Corporation Ltd to the Building Products & Equipment industry mean.
  • A Net Profit Margin of 11.2% means that $0.11 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Reliance Worldwide Corporation Ltd:

  • The MRQ is 11.2%. The company is making a huge profit. +2
  • The TTM is 11.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ11.2%TTM11.2%0.0%
TTM11.2%YOY11.7%-0.5%
TTM11.2%5Y11.3%-0.1%
5Y11.3%10Y9.3%+2.1%
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ11.2%4.0%+7.2%
TTM11.2%4.2%+7.0%
YOY11.7%5.8%+5.9%
5Y11.3%4.9%+6.4%
10Y9.3%4.9%+4.4%
1.1.2. Return on Assets

Shows how efficient Reliance Worldwide Corporation Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Reliance Worldwide Corporation Ltd to the Building Products & Equipment industry mean.
  • 6.8% Return on Assets means that Reliance Worldwide Corporation Ltd generated $0.07 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Reliance Worldwide Corporation Ltd:

  • The MRQ is 6.8%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 6.8%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ6.8%TTM6.8%0.0%
TTM6.8%YOY6.6%+0.2%
TTM6.8%5Y6.4%+0.3%
5Y6.4%10Y6.5%-0.1%
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ6.8%1.5%+5.3%
TTM6.8%1.7%+5.1%
YOY6.6%2.2%+4.4%
5Y6.4%2.0%+4.4%
10Y6.5%2.1%+4.4%
1.1.3. Return on Equity

Shows how efficient Reliance Worldwide Corporation Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Reliance Worldwide Corporation Ltd to the Building Products & Equipment industry mean.
  • 11.3% Return on Equity means Reliance Worldwide Corporation Ltd generated $0.11 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Reliance Worldwide Corporation Ltd:

  • The MRQ is 11.3%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 11.3%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ11.3%TTM11.3%0.0%
TTM11.3%YOY12.2%-0.8%
TTM11.3%5Y10.2%+1.1%
5Y10.2%10Y11.9%-1.7%
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ11.3%3.2%+8.1%
TTM11.3%3.5%+7.8%
YOY12.2%4.4%+7.8%
5Y10.2%4.2%+6.0%
10Y11.9%5.0%+6.9%

1.2. Operating Efficiency of Reliance Worldwide Corporation Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Reliance Worldwide Corporation Ltd is operating .

  • Measures how much profit Reliance Worldwide Corporation Ltd makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Reliance Worldwide Corporation Ltd to the Building Products & Equipment industry mean.
  • An Operating Margin of 17.8% means the company generated $0.18  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Reliance Worldwide Corporation Ltd:

  • The MRQ is 17.8%. The company is operating efficient. +1
  • The TTM is 17.8%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ17.8%TTM17.8%0.0%
TTM17.8%YOY17.8%+0.0%
TTM17.8%5Y18.0%-0.2%
5Y18.0%10Y15.7%+2.3%
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ17.8%6.8%+11.0%
TTM17.8%5.6%+12.2%
YOY17.8%7.6%+10.2%
5Y18.0%7.4%+10.6%
10Y15.7%7.2%+8.5%
1.2.2. Operating Ratio

Measures how efficient Reliance Worldwide Corporation Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Building Products & Equipment industry mean).
  • An Operation Ratio of 0.88 means that the operating costs are $0.88 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Reliance Worldwide Corporation Ltd:

  • The MRQ is 0.877. The company is less efficient in keeping operating costs low.
  • The TTM is 0.877. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.877TTM0.8770.000
TTM0.877YOY0.864+0.013
TTM0.8775Y0.867+0.010
5Y0.86710Y1.255-0.388
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8771.401-0.524
TTM0.8771.329-0.452
YOY0.8641.049-0.185
5Y0.8671.211-0.344
10Y1.2551.118+0.137

1.3. Liquidity of Reliance Worldwide Corporation Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Reliance Worldwide Corporation Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Building Products & Equipment industry mean).
  • A Current Ratio of 3.03 means the company has $3.03 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Reliance Worldwide Corporation Ltd:

  • The MRQ is 3.030. The company is very able to pay all its short-term debts. +2
  • The TTM is 3.030. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ3.030TTM3.0300.000
TTM3.030YOY3.215-0.185
TTM3.0305Y2.897+0.133
5Y2.89710Y2.989-0.091
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ3.0301.682+1.348
TTM3.0301.690+1.340
YOY3.2151.691+1.524
5Y2.8971.660+1.237
10Y2.9891.580+1.409
1.3.2. Quick Ratio

Measures if Reliance Worldwide Corporation Ltd is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Reliance Worldwide Corporation Ltd to the Building Products & Equipment industry mean.
  • A Quick Ratio of 1.35 means the company can pay off $1.35 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Reliance Worldwide Corporation Ltd:

  • The MRQ is 1.351. The company is able to pay all its short-term debts with the most liquid assets. +1
  • The TTM is 1.351. The company is able to pay all its short-term debts with the most liquid assets. +1
Trends
Current periodCompared to+/- 
MRQ1.351TTM1.3510.000
TTM1.351YOY1.464-0.113
TTM1.3515Y1.485-0.134
5Y1.48510Y1.547-0.062
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3510.729+0.622
TTM1.3510.802+0.549
YOY1.4640.786+0.678
5Y1.4850.878+0.607
10Y1.5470.851+0.696

1.4. Solvency of Reliance Worldwide Corporation Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Reliance Worldwide Corporation Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Reliance Worldwide Corporation Ltd to Building Products & Equipment industry mean.
  • A Debt to Asset Ratio of 0.40 means that Reliance Worldwide Corporation Ltd assets are financed with 40.2% credit (debt) and the remaining percentage (100% - 40.2%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Reliance Worldwide Corporation Ltd:

  • The MRQ is 0.402. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.402. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.402TTM0.4020.000
TTM0.402YOY0.458-0.056
TTM0.4025Y0.366+0.036
5Y0.36610Y0.413-0.048
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4020.485-0.083
TTM0.4020.487-0.085
YOY0.4580.495-0.037
5Y0.3660.517-0.151
10Y0.4130.508-0.095
1.4.2. Debt to Equity Ratio

Measures if Reliance Worldwide Corporation Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Reliance Worldwide Corporation Ltd to the Building Products & Equipment industry mean.
  • A Debt to Equity ratio of 67.2% means that company has $0.67 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Reliance Worldwide Corporation Ltd:

  • The MRQ is 0.672. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.672. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.672TTM0.6720.000
TTM0.672YOY0.845-0.173
TTM0.6725Y0.591+0.081
5Y0.59110Y0.803-0.211
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6720.943-0.271
TTM0.6720.946-0.274
YOY0.8450.975-0.130
5Y0.5911.128-0.537
10Y0.8031.093-0.290

2. Market Valuation of Reliance Worldwide Corporation Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Reliance Worldwide Corporation Ltd generates.

  • Above 15 is considered overpriced but always compare Reliance Worldwide Corporation Ltd to the Building Products & Equipment industry mean.
  • A PE ratio of 23.20 means the investor is paying $23.20 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Reliance Worldwide Corporation Ltd:

  • The EOD is 28.628. Based on the earnings, the company is overpriced. -1
  • The MRQ is 23.196. Based on the earnings, the company is fair priced.
  • The TTM is 23.196. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD28.628MRQ23.196+5.431
MRQ23.196TTM23.1960.000
TTM23.196YOY23.224-0.028
TTM23.1965Y23.084+0.112
5Y23.08410Y-126.310+149.394
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
EOD28.62814.303+14.325
MRQ23.19613.013+10.183
TTM23.19611.521+11.675
YOY23.22413.231+9.993
5Y23.08415.997+7.087
10Y-126.31017.558-143.868
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Reliance Worldwide Corporation Ltd:

  • The EOD is 19.244. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 15.593. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 15.593. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD19.244MRQ15.593+3.651
MRQ15.593TTM15.5930.000
TTM15.593YOY25.701-10.109
TTM15.5935Y28.547-12.955
5Y28.54710Y29.941-1.394
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
EOD19.2445.286+13.958
MRQ15.5935.361+10.232
TTM15.5935.493+10.100
YOY25.7013.713+21.988
5Y28.5473.044+25.503
10Y29.9414.555+25.386
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Reliance Worldwide Corporation Ltd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Building Products & Equipment industry mean).
  • A PB ratio of 2.63 means the investor is paying $2.63 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Reliance Worldwide Corporation Ltd:

  • The EOD is 3.247. Based on the equity, the company is fair priced.
  • The MRQ is 2.631. Based on the equity, the company is underpriced. +1
  • The TTM is 2.631. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD3.247MRQ2.631+0.616
MRQ2.631TTM2.6310.000
TTM2.631YOY2.823-0.193
TTM2.6315Y2.828-0.197
5Y2.82810Y4.296-1.468
Compared to industry (Building Products & Equipment)
PeriodCompanyIndustry (mean)+/- 
EOD3.2471.634+1.613
MRQ2.6311.950+0.681
TTM2.6311.886+0.745
YOY2.8231.981+0.842
5Y2.8282.009+0.819
10Y4.2962.038+2.258
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Reliance Worldwide Corporation Ltd.

3.1. Institutions holding Reliance Worldwide Corporation Ltd

Institutions are holding 79.204% of the shares of Reliance Worldwide Corporation Ltd.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2020-12-31Ohio-Public Employees Retirement System (PERS)0.08?605665
Total 0.08060566500.0%

3.2. Funds holding Reliance Worldwide Corporation Ltd

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2020-10-31Vanguard International Stock Index-Total Intl Stock Indx1.5700001-12394753--
2020-12-31Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund0.64-5061526--
2021-01-31DFA Asia Pacific Small Company Series0.55-4342033--
2021-02-28iShares Core MSCI EAFE ETF0.54-4299410--
2020-12-31Allianz Fds Multi Strategy Tr-AllianzGI Water Fd0.47-3739628--
2020-12-31Victory Portfolios-Victory Trivalent International Small Cap Fund0.43-3435555--
2021-02-28iShares MSCI EAFE Small Cap ETF0.43-3402790--
2021-02-28Invesco ETF TR II-Invesco S&P Global Water Index ETF0.34-2718960--
2021-01-31DFA International Small Cap Value Portfolio0.31-2445940--
2020-12-31Calvert Impact Fund, Inc-Calvert Global Water Fund0.28-2179854--
Total 5.560000104402044900.0%

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Reliance Worldwide Corporation Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.1280.1280%-0.082+165%-0.023+118%0.129-1%
Book Value Per Share--1.5581.5580%1.431+9%1.396+12%0.980+59%
Current Ratio--3.0303.0300%3.215-6%2.897+5%2.989+1%
Debt To Asset Ratio--0.4020.4020%0.458-12%0.366+10%0.413-3%
Debt To Equity Ratio--0.6720.6720%0.845-21%0.591+14%0.803-16%
Dividend Per Share--0.0940.0940%0.097-3%0.074+27%0.046+106%
Eps--0.1770.1770%0.174+2%0.174+2%0.113+56%
Free Cash Flow Per Share--0.2630.2630%0.157+67%0.173+52%0.140+88%
Free Cash Flow To Equity Per Share---0.049-0.0490%0.578-108%0.061-181%0.320-115%
Gross Profit Margin---0.082-0.0820%0.033-347%-0.165+101%0.117-170%
Intrinsic Value_10Y_max--3.692--------
Intrinsic Value_10Y_min--2.399--------
Intrinsic Value_1Y_max--0.246--------
Intrinsic Value_1Y_min--0.192--------
Intrinsic Value_3Y_max--0.835--------
Intrinsic Value_3Y_min--0.622--------
Intrinsic Value_5Y_max--1.536--------
Intrinsic Value_5Y_min--1.099--------
Market Cap3997880578.560+19%3239389401.6003239389401.6000%3191983703.040+1%3139434952.896+3%2485911610.618+30%
Net Profit Margin--0.1120.1120%0.117-4%0.113-1%0.093+21%
Operating Margin--0.1780.1780%0.178+0%0.180-1%0.157+13%
Operating Ratio--0.8770.8770%0.864+1%0.867+1%1.255-30%
Pb Ratio3.247+19%2.6312.6310%2.823-7%2.828-7%4.296-39%
Pe Ratio28.628+19%23.19623.1960%23.2240%23.084+0%-126.310+645%
Price Per Share5.060+19%4.1004.1000%4.040+1%3.972+3%3.146+30%
Price To Free Cash Flow Ratio19.244+19%15.59315.5930%25.701-39%28.547-45%29.941-48%
Price To Total Gains Ratio22.803+19%18.47718.4770%271.252-93%82.973-78%56.258-67%
Quick Ratio--1.3511.3510%1.464-8%1.485-9%1.547-13%
Return On Assets--0.0680.0680%0.066+3%0.064+5%0.065+4%
Return On Equity--0.1130.1130%0.122-7%0.102+11%0.119-5%
Total Gains Per Share--0.2220.2220%0.015+1390%0.051+337%0.175+27%
Usd Book Value--790654972.442790654972.4420%725947344.300+9%708610646.305+12%497182898.762+59%
Usd Book Value Change Per Share--0.0820.0820%-0.053+165%-0.015+118%0.083-1%
Usd Book Value Per Share--1.0011.0010%0.919+9%0.897+12%0.629+59%
Usd Dividend Per Share--0.0610.0610%0.062-3%0.048+27%0.029+106%
Usd Eps--0.1130.1130%0.112+2%0.112+2%0.073+56%
Usd Free Cash Flow--133397559.200133397559.2000%79745609.500+67%87871037.015+52%49595308.958+169%
Usd Free Cash Flow Per Share--0.1690.1690%0.101+67%0.111+52%0.090+88%
Usd Free Cash Flow To Equity Per Share---0.032-0.0320%0.371-108%0.039-181%0.206-115%
Usd Market Cap2567039119.493+19%2080011934.7672080011934.7670%2049572735.722+1%2015831183.255+3%1596203845.178+30%
Usd Price Per Share3.249+19%2.6332.6330%2.594+1%2.550+3%2.020+30%
Usd Profit--89669265.00089669265.0000%88252150.300+2%73603305.554+22%50066744.988+79%
Usd Revenue--798645264.200798645264.2000%752643936.000+6%641486768.912+24%469279832.313+70%
Usd Total Gains Per Share--0.1420.1420%0.010+1390%0.033+337%0.112+27%
 EOD+4 -4MRQTTM+0 -0YOY+24 -125Y+25 -1110Y+26 -10

4.2. Fundamental Score

Let's check the fundamental score of Reliance Worldwide Corporation Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1528.628
Price to Book Ratio (EOD)Between0-13.247
Net Profit Margin (MRQ)Greater than00.112
Operating Margin (MRQ)Greater than00.178
Quick Ratio (MRQ)Greater than11.351
Current Ratio (MRQ)Greater than13.030
Debt to Asset Ratio (MRQ)Less than10.402
Debt to Equity Ratio (MRQ)Less than10.672
Return on Equity (MRQ)Greater than0.150.113
Return on Assets (MRQ)Greater than0.050.068
Total7/10 (70.0%)

4.3. Technical Score

Let's check the technical score of Reliance Worldwide Corporation Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5030.772
Ma 20Greater thanMa 505.536
Ma 50Greater thanMa 1005.344
Ma 100Greater thanMa 2004.762
OpenGreater thanClose5.090
Total4/5 (80.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-06-302020-06-302021-06-302022-06-302023-06-30
Total Other Income Expense Net -15,940-8,265-24,20611,198-13,008443-12,56530,29717,732



Latest Balance Sheet

Balance Sheet of 2023-06-30. Currency in AUD. All numbers in thousands.

Summary
Total Assets2,058,585
Total Liabilities827,227
Total Stockholder Equity1,231,358
 As reported
Total Liabilities 827,227
Total Stockholder Equity+ 1,231,358
Total Assets = 2,058,585

Assets

Total Assets2,058,585
Total Current Assets589,138
Long-term Assets1,469,447
Total Current Assets
Cash And Cash Equivalents 16,617
Net Receivables 246,044
Inventory 289,399
Other Current Assets 11,776
Total Current Assets  (as reported)589,138
Total Current Assets  (calculated)563,836
+/- 25,302
Long-term Assets
Property Plant Equipment 326,699
Goodwill 780,711
Intangible Assets 326,968
Other Assets 31,695
Long-term Assets  (as reported)1,469,447
Long-term Assets  (calculated)1,466,073
+/- 3,374

Liabilities & Shareholders' Equity

Total Current Liabilities194,429
Long-term Liabilities632,798
Total Stockholder Equity1,231,358
Total Current Liabilities
Short-term Debt 15,459
Accounts payable 69,601
Other Current Liabilities 109,369
Total Current Liabilities  (as reported)194,429
Total Current Liabilities  (calculated)194,429
+/-0
Long-term Liabilities
Long term Debt Total 541,561
Other Liabilities 91,237
Long-term Liabilities  (as reported)632,798
Long-term Liabilities  (calculated)632,798
+/-0
Total Stockholder Equity
Common Stock1,742,078
Retained Earnings 357,943
Accumulated Other Comprehensive Income -868,663
Total Stockholder Equity (as reported)1,231,358
Total Stockholder Equity (calculated)1,231,358
+/-0
Other
Capital Stock1,742,078
Cash And Equivalents16,617
Cash and Short Term Investments 16,617
Common Stock Shares Outstanding 788,983
Liabilities and Stockholders Equity 2,058,585
Net Debt 540,403
Net Invested Capital 1,681,523
Net Tangible Assets 123,679
Net Working Capital 394,709
Property Plant and Equipment Gross 615,616
Short Long Term Debt Total 557,020



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-06-302015-06-302014-06-302013-06-30
> Total Assets 
308,515
349,967
432,955
429,400
599,787
2,185,944
1,454,156
1,520,959
1,678,550
2,085,977
2,058,585
2,058,5852,085,9771,678,5501,520,9591,454,1562,185,944599,787429,400432,955349,967308,515
   > Total Current Assets 
0
228,724
279,112
256,000
313,916
702,594
380,150
403,036
455,602
645,447
589,138
589,138645,447455,602403,036380,150702,594313,916256,000279,112228,7240
       Cash And Cash Equivalents 
24,590
23,828
26,966
22,400
34,996
274,331
48,519
56,458
21,358
27,679
16,617
16,61727,67921,35856,45848,519274,33134,99622,40026,96623,82824,590
       Net Receivables 
59,358
98,217
127,727
89,400
109,727
204,916
162,658
180,853
220,307
266,223
246,044
246,044266,223220,307180,853162,658204,916109,72789,400127,72798,21759,358
       Other Current Assets 
4,012
2,738
282
8,500
6,771
20,707
8,533
11,039
11,870
16,562
11,776
11,77616,56211,87011,0398,53320,7076,7718,5002822,7384,012
   > Long-term Assets 
0
0
0
173,400
285,871
1,483,350
1,074,006
1,117,923
1,222,948
1,440,530
1,469,447
1,469,4471,440,5301,222,9481,117,9231,074,0061,483,350285,871173,400000
       Property Plant Equipment 
73,658
72,470
97,407
110,900
111,509
245,326
202,740
250,753
268,988
333,808
326,699
326,699333,808268,988250,753202,740245,326111,509110,90097,40772,47073,658
       Goodwill 
37,869
38,272
44,227
44,500
96,284
911,383
631,305
616,587
687,387
758,574
780,711
780,711758,574687,387616,587631,305911,38396,28444,50044,22738,27237,869
       Intangible Assets 
40,289
40,177
1,676
1,500
59,786
308,631
229,190
223,767
240,777
322,425
326,968
326,968322,425240,777223,767229,190308,63159,7861,5001,67640,17740,289
       Long-term Assets Other 
0
0
0
0
0
1,483,350
0
1,410
-1
0
3,374
3,3740-11,41001,483,35000000
> Total Liabilities 
93,871
103,422
163,504
249,000
395,041
861,925
469,130
545,598
482,963
955,394
827,227
827,227955,394482,963545,598469,130861,925395,041249,000163,504103,42293,871
   > Total Current Liabilities 
78,243
90,766
103,220
70,600
117,902
180,666
100,560
165,758
224,488
200,750
194,429
194,429200,750224,488165,758100,560180,666117,90270,600103,22090,76678,243
       Short-term Debt 
0
24,283
686
500
9,826
2,675
0
10,537
26,151
16,067
15,459
15,45916,06726,15110,53702,6759,82650068624,2830
       Short Long Term Debt 
0
24,283
1,281
446
9,826
2,675
0
0
0
0
0
000002,6759,8264461,28124,2830
       Accounts payable 
34,285
35,662
44,713
36,176
50,584
61,089
44,247
52,023
84,619
81,451
69,601
69,60181,45184,61952,02344,24761,08950,58436,17644,71335,66234,285
       Other Current Liabilities 
24,024
33,767
30,362
11,900
57,492
116,902
56,314
103,199
113,719
103,232
109,369
109,369103,232113,719103,19956,314116,90257,49211,90030,36233,76724,024
   > Long-term Liabilities 
0
0
0
178,400
277,139
681,259
368,569
379,840
258,474
754,644
632,798
632,798754,644258,474379,840368,569681,259277,139178,400000
       Long term Debt Total 
0
0
3,330
163,123
260,539
659,670
495,886
384,377
202,333
679,384
541,561
541,561679,384202,333384,377495,886659,670260,539163,1233,33000
       Capital Lease Obligations Min Short Term Debt
0
-24,283
-686
-500
-9,826
-2,675
0
98,344
8,655
100,647
91,396
91,396100,6478,65598,3440-2,675-9,826-500-686-24,2830
       Long-term Liabilities Other 
0
0
0
0
4,084
0
0
0
68,425
0
0
0068,4250004,0840000
> Total Stockholder Equity
175,862
205,721
269,451
180,400
204,746
1,324,019
985,026
975,361
1,195,587
1,130,583
1,231,358
1,231,3581,130,5831,195,587975,361985,0261,324,019204,746180,400269,451205,721175,862
   Common Stock
174,289
204,602
246,707
1,231,700
1,261,371
2,336,618
1,631,178
1,601,356
1,750,923
1,738,846
1,742,078
1,742,0781,738,8461,750,9231,601,3561,631,1782,336,6181,261,3711,231,700246,707204,602174,289
   Retained Earnings Total Equity00000000000
   Accumulated Other Comprehensive Income -868,663-902,289-777,129-744,995-757,109-1,092,945-1,104,889-1,038,400000
   Capital Surplus 00000000000
   Treasury Stock00000000000
   Other Stockholders Equity 
0
1,118
22,744
-3,269
-1,104,889
-1,092,945
0
0
0
-902,289
-46,348
-46,348-902,289000-1,092,945-1,104,889-3,26922,7441,1180



Balance Sheet

Currency in AUD. All numbers in thousands.




Cash Flow

Currency in AUD. All numbers in thousands.




Income Statement

Currency in AUD. All numbers in thousands.


Latest Income Statement (annual, 2023-06-30)

Gross Profit (+$)
totalRevenue1,243,802
Cost of Revenue-765,596
Gross Profit478,206478,206
 
Operating Income (+$)
Gross Profit478,206
Operating Expense-325,077
Operating Income221,317153,129
 
Operating Expense (+$)
Research Development17,611
Selling General Administrative107,121
Selling And Marketing Expenses151,117
Operating Expense325,077275,849
 
Net Interest Income (+$)
Interest Income32,342
Interest Expense-28,898
Other Finance Cost-35,786
Net Interest Income-32,342
 
Pretax Income (+$)
Operating Income221,317
Net Interest Income-32,342
Other Non-Operating Income Expenses-
Income Before Tax (EBT)191,160203,585
EBIT - interestExpense = 192,419
191,160
168,548
Interest Expense28,898
Earnings Before Interest and Taxes (EBIT)221,317220,058
Earnings Before Interest and Taxes (EBITDA)273,958
 
After tax Income (+$)
Income Before Tax191,160
Tax Provision-51,510
Net Income From Continuing Ops139,650139,650
Net Income139,650
Net Income Applicable To Common Shares139,650
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses1,090,673
Total Other Income/Expenses Net17,73232,342
 

Technical Analysis of Reliance Worldwide Corporation Ltd
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Reliance Worldwide Corporation Ltd. The general trend of Reliance Worldwide Corporation Ltd is BULLISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Reliance Worldwide Corporation Ltd's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (57.1%) Bearish trend (-57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Reliance Worldwide Corporation Ltd.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 5.83 < 5.9.

The bearish price targets are: 4.4124 > 4.1639 > 4.1341.

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Reliance Worldwide Corporation Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Reliance Worldwide Corporation Ltd. The current mas is .

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Reliance Worldwide Corporation Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Reliance Worldwide Corporation Ltd. The current macd is -0.0727239.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Reliance Worldwide Corporation Ltd price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Reliance Worldwide Corporation Ltd. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Reliance Worldwide Corporation Ltd price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Reliance Worldwide Corporation Ltd Daily Moving Average Convergence/Divergence (MACD) ChartReliance Worldwide Corporation Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Reliance Worldwide Corporation Ltd. The current adx is 33.80.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -4/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Reliance Worldwide Corporation Ltd shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bearish trend. The ADX is trending up, so the bearish trend is strengthening.
Reliance Worldwide Corporation Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Reliance Worldwide Corporation Ltd. The current sar is 5.50245845.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Reliance Worldwide Corporation Ltd Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Reliance Worldwide Corporation Ltd. The current rsi is 30.77. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending down: The RSI is trending down. -1
Reliance Worldwide Corporation Ltd Daily Relative Strength Index (RSI) ChartReliance Worldwide Corporation Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Reliance Worldwide Corporation Ltd. The current phase is Oversold in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Reliance Worldwide Corporation Ltd price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Reliance Worldwide Corporation Ltd Daily Stochastic Oscillator ChartReliance Worldwide Corporation Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Reliance Worldwide Corporation Ltd. The current cci is -152.19992386.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Reliance Worldwide Corporation Ltd Daily Commodity Channel Index (CCI) ChartReliance Worldwide Corporation Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Reliance Worldwide Corporation Ltd. The current cmo is -61.04975714.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Reliance Worldwide Corporation Ltd Daily Chande Momentum Oscillator (CMO) ChartReliance Worldwide Corporation Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Reliance Worldwide Corporation Ltd. The current willr is -92.77108434.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Reliance Worldwide Corporation Ltd Daily Williams %R ChartReliance Worldwide Corporation Ltd Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Reliance Worldwide Corporation Ltd.

Reliance Worldwide Corporation Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Reliance Worldwide Corporation Ltd. The current atr is 0.13678942.

Reliance Worldwide Corporation Ltd Daily Average True Range (ATR) ChartReliance Worldwide Corporation Ltd Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Reliance Worldwide Corporation Ltd. The current obv is -2,878,567.

Reliance Worldwide Corporation Ltd Daily On-Balance Volume (OBV) ChartReliance Worldwide Corporation Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Reliance Worldwide Corporation Ltd. The current mfi is 11.34.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -2/(-2 +2).

  • MFI < 50: -1
  • MFI < 20: -1
Reliance Worldwide Corporation Ltd Daily Money Flow Index (MFI) ChartReliance Worldwide Corporation Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Reliance Worldwide Corporation Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-27WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-30DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-12-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-06STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-12CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-14BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-19MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-21RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-22WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-02RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-08CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-09STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-11SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-16SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-17DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-19DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-22CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-24STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-25DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-09MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-12CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-15WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-19STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-20WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-21MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-22ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-15RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-19RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-21CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-25CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-26RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-03SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-04CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-05CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-09STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-04-11DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-15STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-04-16STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-04-17STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-19STOCH SHORT EXITThe %K line crosses above the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.

6.3. Candlestick Patterns

Reliance Worldwide Corporation Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Reliance Worldwide Corporation Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5030.772
Ma 20Greater thanMa 505.536
Ma 50Greater thanMa 1005.344
Ma 100Greater thanMa 2004.762
OpenGreater thanClose5.090
Total4/5 (80.0%)
Penke

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