RELIANCE STL ALUM Market Value
| 759509AB8 | 108.30 0.00 0.00% |
| Symbol | RELIANCE |
RELIANCE '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's bond 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.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in RELIANCE on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding RELIANCE STL ALUM or generate 0.0% return on investment in RELIANCE over 30 days. RELIANCE is related to or competes with Hertz Global, Air Lease, Smith Douglas, Global Ship, United Homes, Bassett Furniture, and Boston Properties. More
RELIANCE 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's bond 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 STL ALUM upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.99 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 12.82 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 3.05 |
RELIANCE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RELIANCE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RELIANCE's standard deviation. In reality, there are many statistical measures that can use RELIANCE historical prices to predict the future RELIANCE's volatility.| Risk Adjusted Performance | 0.0075 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.06) |
RELIANCE STL ALUM Backtested Returns
RELIANCE STL ALUM maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the entity had a -0.12% return per unit of volatility over the last 3 months. RELIANCE STL ALUM exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RELIANCE's risk adjusted performance of 0.0075, and Semi Deviation of 2.88 to confirm the risk estimate we provide. The bond holds a Beta of 0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, RELIANCE's returns are expected to increase less than the market. However, during the bear market, the loss of holding RELIANCE is expected to be smaller as well.
Auto-correlation | -1 |
Near perfect reversele predictability
RELIANCE STL ALUM has near perfect reversele predictability. Overlapping area represents the amount of predictability between RELIANCE time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th of December 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 STL ALUM price movement. The serial correlation of -1.0 indicates that 100.0% of current RELIANCE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -1.0 | |
| Spearman Rank Test | -1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 7.16 |
RELIANCE STL ALUM lagged returns against current returns
Autocorrelation, which is RELIANCE bond'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's bond expected returns. We can calculate the autocorrelation of RELIANCE returns to help us make a trade decision. For example, suppose you find that RELIANCE has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RELIANCE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RELIANCE bond over time.
Current vs Lagged Prices |
| Timeline |
RELIANCE Lagged Returns
When evaluating RELIANCE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RELIANCE bond have on its future price. RELIANCE 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 autocorrelation shows the relationship between RELIANCE bond current value and its past values and can show if there is a momentum factor associated with investing in RELIANCE STL ALUM.
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 Bond
RELIANCE financial ratios help investors to determine whether RELIANCE Bond 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 security.