Reliance Industrial (India) Market Value
| RIIL Stock | 787.35 8.95 1.12% |
| Symbol | Reliance |
Reliance Industrial '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 Industrial's 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 Industrial.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Reliance Industrial on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Reliance Industrial Infrastructure or generate 0.0% return on investment in Reliance Industrial over 90 days. Reliance Industrial is related to or competes with Sonata Software, Bigbloc Construction, Indian Metals, FCS Software, Tera Software, Ratnamani Metals, and Ankit Metal. Reliance Industrial is entity of India. It is traded as Stock on NSE exchange. More
Reliance Industrial 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 Industrial's 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 Industrial Infrastructure upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 19.41 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 4.03 |
Reliance Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reliance Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reliance Industrial's standard deviation. In reality, there are many statistical measures that can use Reliance Industrial historical prices to predict the future Reliance Industrial's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.61) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 8.47 |
Reliance Industrial Backtested Returns
Reliance Industrial maintains Sharpe Ratio (i.e., Efficiency) of -0.2, which implies the firm had a -0.2 % return per unit of risk over the last 3 months. Reliance Industrial exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Reliance Industrial's Risk Adjusted Performance of (0.17), coefficient of variation of (483.49), and Variance of 8.15 to confirm the risk estimate we provide. The company holds a Beta of -0.0709, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Reliance Industrial are expected to decrease at a much lower rate. During the bear market, Reliance Industrial is likely to outperform the market. At this point, Reliance Industrial has a negative expected return of -0.58%. Please make sure to check Reliance Industrial's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Reliance Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
Reliance Industrial Infrastructure has modest predictability. Overlapping area represents the amount of predictability between Reliance Industrial time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. 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 Industrial price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Reliance Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 4287.11 |
Reliance Industrial lagged returns against current returns
Autocorrelation, which is Reliance Industrial 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 Industrial's stock expected returns. We can calculate the autocorrelation of Reliance Industrial returns to help us make a trade decision. For example, suppose you find that Reliance Industrial 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 Industrial 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 Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reliance Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reliance Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Reliance Industrial Lagged Returns
When evaluating Reliance Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reliance Industrial stock have on its future price. Reliance Industrial 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 Industrial autocorrelation shows the relationship between Reliance Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Reliance Industrial Infrastructure.
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.Additional Tools for Reliance Stock Analysis
When running Reliance Industrial's price analysis, check to measure Reliance Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Reliance Industrial is operating at the current time. Most of Reliance Industrial's value examination focuses on studying past and present price action to predict the probability of Reliance Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Industrial's price. Additionally, you may evaluate how the addition of Reliance Industrial to your portfolios can decrease your overall portfolio volatility.