Reliance Chemotex (India) Price on August 16, 2024
| RELCHEMQ | 210.02 3.13 1.51% |
If you're considering investing in Reliance Stock, it is important to understand the factors that can impact its price. As of today, the current price of Reliance Chemotex stands at 210.02, as last reported on the 8th of January, with the highest price reaching 212.23 and the lowest price hitting 206.07 during the day. Reliance Chemotex maintains Sharpe Ratio (i.e., Efficiency) of -0.03, which implies the firm had a -0.03% return per unit of risk over the last 3 months. Reliance Chemotex exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Reliance Chemotex's Risk Adjusted Performance of (0.04), coefficient of variation of (1,775), and Variance of 4.34 to confirm the risk estimate we provide.
At this time, Reliance Chemotex's Liabilities And Stockholders Equity is very stable compared to the past year. As of the 8th of January 2025, Common Stock is likely to grow to about 115.3 M, while Common Stock Shares Outstanding is likely to drop about 5.7 M. . Reliance Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Reliance |
Sharpe Ratio = -0.03
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Estimated Market Risk
| 2.06 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Reliance Chemotex is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Reliance Chemotex by adding Reliance Chemotex to a well-diversified portfolio.
Price Book 1.1555 | Book Value 179.228 | Enterprise Value 3.9 B | Enterprise Value Ebitda 13.2934 | Price Sales 0.4166 |
Reliance Chemotex Valuation on August 16, 2024
It is possible to determine the worth of Reliance Chemotex on a given historical date. On August 16, 2024 Reliance was worth 224.45 at the beginning of the trading date compared to the closed value of 226.92. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Reliance Chemotex stock. Still, in general, we apply an absolute valuation method to find Reliance Chemotex's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Reliance Chemotex where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Reliance Chemotex's related companies.
| Open | High | Low | Close | Volume | |
| 231.52 | 238.29 | 221.56 | 224.46 | 7,527 | |
08/16/2024 | 224.45 | 231.01 | 223.07 | 226.92 | 12,087 |
| 229.03 | 231.02 | 224.57 | 229.12 | 6,937 |
| Backtest Reliance Chemotex | | | Reliance Chemotex History | | | Reliance Chemotex Valuation | Previous | Next |
Reliance Chemotex Trading Date Momentum on August 16, 2024
| On August 19 2024 Reliance Chemotex Industries was traded for 229.12 at the closing time. The highest price during the trading period was 231.02 and the lowest recorded bid was listed for 224.57 . The volume for the day was 6.9 K. This history from August 19, 2024 contributed to the next trading day price boost. The trading delta at closing time to the next closing price was 0.97% . The trading delta at closing time to the current price is 3.32% . |
Reliance Chemotex Fundamentals Correlations and Trends
By evaluating Reliance Chemotex's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Reliance Chemotex's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Reliance financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Reliance Chemotex Stock history
Reliance Chemotex investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Reliance is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Reliance Chemotex will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Reliance Chemotex stock prices may prove useful in developing a viable investing in Reliance Chemotex
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 8.7 M | 5.7 M | |
| Net Income Applicable To Common Shares | 142.8 M | 128.7 M |
Reliance Chemotex Stock Technical Analysis
Reliance Chemotex technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Reliance Chemotex Period Price Range
Low | January 8, 2025
| High |
0.00 | 0.00 |
Reliance Chemotex Industries cannot be verified against its exchange. Please verify the symbol is currently traded on National Stock Exchange of India. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Reliance Chemotex January 8, 2025 Market Strength
Market strength indicators help investors to evaluate how Reliance Chemotex stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Reliance Chemotex shares will generate the highest return on investment. By undertsting and applying Reliance Chemotex stock market strength indicators, traders can identify Reliance Chemotex Industries entry and exit signals to maximize returns
Reliance Chemotex Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Reliance Chemotex's price direction in advance. Along with the technical and fundamental analysis of Reliance Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Reliance to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 0.3284 |
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Other Information on Investing in Reliance Stock
Reliance Chemotex financial ratios help investors to determine whether Reliance Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Reliance with respect to the benefits of owning Reliance Chemotex security.