The fund holds Beta of 0.0 which implies the returns on MARKET and Reliance Banking are completely uncorrelated. Although it is extremely important to respect Reliance Banking
current trending patterns, it is better to be realistic regarding the information on equity existing price patterns
. The philosophy towards forecasting future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By analyzing Reliance Banking technical indicators
you can presently evaluate if the expected return of 0.0% will be sustainable into the future.
Risk-Adjusted Fund Performance
Over the last 30 days Reliance Banking Gr has generated negative risk-adjusted returns adding no value to fund investors. Despite somewhat strong basic indicators, Reliance Banking is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
|Fifty Two Week Low||152.2590|
|Fifty Two Week High||152.2590|
|Annual Report Expense Ratio||2.37%|
Reliance Banking Relative Risk vs. Return Landscape
If you would invest (100.00)
in Reliance Banking Gr on June 20, 2019
and sell it today you would earn a total of 100.00
from holding Reliance Banking Gr or generate -100.0%
return on investment over 30
days. Reliance Banking Gr is generating negative expected returns and assumes 0.0% volatility on return distribution over the 30 days horizon. Simply put, 0% of equities are less volatile than Reliance Banking and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
Reliance Banking Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average Reliance Banking is performing at about 0% of its full potential. 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 Banking
by adding it to a well-diversified