Reliance Industries (India) Market Value
| RELIANCE | 1,271 22.40 1.73% |
| Symbol | Reliance |
Reliance Industries 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Reliance Industries' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Reliance Industries.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Reliance Industries on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Reliance Industries Limited or generate 0.0% return on investment in Reliance Industries over 60 days. Reliance Industries is related to or competes with Jindal Poly, V2 Retail, BF Investment, Hindustan Copper, Ankit Metal, Osia Hyper, and Sarthak Metals. Reliance Industries is entity of India. It is traded as Stock on NSE exchange. More
Reliance Industries Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Reliance Industries' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Reliance Industries Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 5.53 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 1.67 |
Reliance Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reliance Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reliance Industries' standard deviation. In reality, there are many statistical measures that can use Reliance Industries historical prices to predict the future Reliance Industries' volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.54) |
Reliance Industries Backtested Returns
Reliance Industries maintains Sharpe Ratio (i.e., Efficiency) of -0.22, which implies the firm had a -0.22% return per unit of risk over the last 3 months. Reliance Industries exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Reliance Industries' Risk Adjusted Performance of (0.14), coefficient of variation of (518.23), and Variance of 1.59 to confirm the risk estimate we provide. The company holds a Beta of 0.47, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Reliance Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Reliance Industries is expected to be smaller as well. At this point, Reliance Industries has a negative expected return of -0.28%. Please make sure to check Reliance Industries' kurtosis, and the relationship between the maximum drawdown and rate of daily change , to decide if Reliance Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.70 |
Good predictability
Reliance Industries Limited has good predictability. Overlapping area represents the amount of predictability between Reliance Industries time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Reliance Industries price movement. The serial correlation of 0.7 indicates that around 70.0% of current Reliance Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 1044.79 |
Reliance Industries lagged returns against current returns
Autocorrelation, which is Reliance Industries stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Reliance Industries' stock expected returns. We can calculate the autocorrelation of Reliance Industries returns to help us make a trade decision. For example, suppose you find that Reliance Industries has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Reliance Industries regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Reliance Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reliance Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reliance Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Reliance Industries Lagged Returns
When evaluating Reliance Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reliance Industries stock have on its future price. Reliance Industries autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Reliance Industries autocorrelation shows the relationship between Reliance Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Reliance Industries Limited.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Reliance Stock
Reliance Industries 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 Industries security.