The fund holds Beta of -0.1983 which implies as returns on market increase, returns on owning Reliance Banking are expected to decrease at a much smaller rate. During bear market, Reliance Banking is likely to outperform the market. 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.
|Horizon||30 Days Login to change|
Reliance Banking Relative Risk vs. Return LandscapeIf you would invest 25,165 in Reliance Banking Gr on December 20, 2018 and sell it today you would earn a total of 0.00 from holding Reliance Banking Gr or generate 0.0% 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 Current Valuation
Reliance Banking is Unknown risk asset. Reliance Banking recent Real Value cannot be determined due to lack of data. The prevailing price of Reliance Banking is 251.65. Based on Macroaxis valuation methodology, the fund cannot be evaluated at this time. We determine the value of Reliance Banking from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support investing in undervalued entities and to dispose of overvalued entities since at some point stocks prices and their ongoing real values will merge together.
Reliance Banking Market Risk Analysis
Sharpe Ratio = 0.0
Risk-Adjusted Fund PerformanceOver the last 30 days Reliance Banking Gr has generated negative risk-adjusted returns adding no value to fund investors.
|Fifty Two Week Low||152.2590|
|Fifty Two Week High||152.2590|
|Annual Report Expense Ratio||2.37%|