Reliance Power (India) Market Value
| RPOWER Stock | 45.80 0.49 1.06% |
| Symbol | Reliance |
Reliance Power '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 Power'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 Power.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Reliance Power on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Reliance Power Limited or generate 0.0% return on investment in Reliance Power over 60 days. Reliance Power is related to or competes with Kewal Kiran, Rainbow Childrens, Shemaroo Entertainment, Infomedia Press, Iris Clothings, One 97, and Embassy Office. Reliance Power is entity of India. It is traded as Stock on NSE exchange. More
Reliance Power 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 Power'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 Power Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 10.01 | |||
| Value At Risk | (5.01) | |||
| Potential Upside | 4.99 |
Reliance Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reliance Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reliance Power's standard deviation. In reality, there are many statistical measures that can use Reliance Power historical prices to predict the future Reliance Power's volatility.| Risk Adjusted Performance | 0.0021 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 0.2358 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Reliance Power's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Reliance Power Backtested Returns
Reliance Power maintains Sharpe Ratio (i.e., Efficiency) of -0.0075, which implies the firm had a -0.0075% return per unit of risk over the last 3 months. Reliance Power exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Reliance Power's Coefficient Of Variation of (14,195), variance of 13.44, and Risk Adjusted Performance of 0.0021 to confirm the risk estimate we provide. The company holds a Beta of -0.15, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Reliance Power are expected to decrease at a much lower rate. During the bear market, Reliance Power is likely to outperform the market. At this point, Reliance Power has a negative expected return of -0.0265%. Please make sure to check Reliance Power's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Reliance Power performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Reliance Power Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Reliance Power time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Power price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Reliance Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 2.31 |
Reliance Power lagged returns against current returns
Autocorrelation, which is Reliance Power 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 Power's stock expected returns. We can calculate the autocorrelation of Reliance Power returns to help us make a trade decision. For example, suppose you find that Reliance Power 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 Power 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 Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reliance Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reliance Power stock over time.
Current vs Lagged Prices |
| Timeline |
Reliance Power Lagged Returns
When evaluating Reliance Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reliance Power stock have on its future price. Reliance Power 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 Power autocorrelation shows the relationship between Reliance Power stock current value and its past values and can show if there is a momentum factor associated with investing in Reliance Power Limited.
Regressed Prices |
| Timeline |
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Other Information on Investing in Reliance Stock
Reliance Power 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 Power security.