Reliance Global Correlations

RELIW Stock

USD 0.02 0.00 0.00%

The correlation of Reliance Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Reliance Global Correlation With Market

Good diversification

The correlation between Reliance Global Group and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Reliance Global Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving against Reliance Stock

0.57	GSHD	Goosehead Insurance	Pair Corr
0.55	WTW	Willis Towers Watson	Pair Corr
0.49	BRO	Brown Brown	Pair Corr
0.47	BK	Bank of New York	Pair Corr
0.46	MMC	Marsh McLennan Companies	Pair Corr
0.45	AON	Aon PLC	Pair Corr
0.45	AB	AllianceBernstein	Pair Corr
0.42	AJG	Arthur J Gallagher	Pair Corr
0.42	BWIN	Baldwin Insurance Symbol Change	Pair Corr
0.37	V	Visa Class A	Pair Corr
0.53	DB	Deutsche Bank AG	Pair Corr
0.51	LU	Lufax Holding	Pair Corr
0.48	GL	Globe Life	Pair Corr
0.47	LX	Lexinfintech Holdings	Pair Corr
0.47	TD	Toronto Dominion Bank	Pair Corr
0.34	PT	Pintec Technology	Pair Corr
0.33	CB	Chubb	Pair Corr
0.33	HG	Hamilton Insurance Group, Normal Trading	Pair Corr

Related Correlations Analysis

	CUENW	SNRHW	RVPHW	RELI	COMSW
CUENW		0.0	0.0	0.0	0.0	CUENW
SNRHW	0.0		0.0	0.0	0.0	SNRHW
RVPHW	0.0	0.0		0.58	0.0	RVPHW
RELI	0.0	0.0	0.58		0.0	RELI
COMSW	0.0	0.0	0.0	0.0		COMSW
	CUENW	SNRHW	RVPHW	RELI	COMSW

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RELI	+ 0.58	RVPHW
SNRHW	+ 0.0	CUENW
RVPHW	+ 0.0	CUENW
RELI	+ 0.0	CUENW
COMSW	+ 0.0	CUENW
RVPHW	+ 0.0	SNRHW

High negative correlations

COMSW	- 0.0	RELI
COMSW	- 0.0	RVPHW
COMSW	- 0.0	SNRHW
RELI	- 0.0	SNRHW
RVPHW	- 0.0	SNRHW
COMSW	- 0.0	CUENW

Risk-Adjusted Indicators

There is a big difference between Reliance Stock performing well and Reliance Global Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Reliance Global's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CUENW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNRHW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RVPHW	13.09	(0.87)	0.00	(0.44)	0.00	0.00	27.27	(24.32)	96.02
RELI	7.46	1.29	0.16	0.25	6.08	(13.93)	8.82	(10.53)	183.78
COMSW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Reliance Global Related Equities

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 Global stock to make a market-neutral strategy. Peer analysis of Reliance Global could also be used in its relative valuation, which is a method of valuing Reliance Global by comparing valuation metrics with similar companies.

Cuentas Senior Connect Acquisition Reviva Pharmaceuticals Holdings Reliance Global Group COMSovereign Holding Corp American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot International Business Machines

Risk & Return

Correlation

Reliance Global Corporate Management

Grant Barra	Senior Operations	Profile
Brandon Johnson	Property Lines	Profile
Alex CPA	CFO Director	Profile
Mark Sisson	Chief Alliance	Profile
Joel CPA	Chief Officer	Profile
Yaakov Beyman	Executive Division	Profile
Jonathan Fortman	Vice Acquisitions	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC