The fund holds Beta of -0.1821 which implies as returns on market increase, returns on owning Reliance Diversified are expected to decrease at a much smaller rate. During bear market, Reliance Diversified is likely to outperform the market.. Although it is essential to pay attention to Reliance Diversified current trending patterns, it is also good to be reasonable about what you can actually do with equity existing price patterns. Macroaxis philosophy towards forecasting future performance of any fund is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if Reliance Diversified expected return of 1.7346 will be sustainable into the future, we have found twenty-one different technical indicators which can help you to check if the expected returns are sustainable.
|Horizon||30 Days Login to change|
Reliance Diversified Relative Risk vs. Return LandscapeIf you would invest 2,862 in Reliance Diversified Power Sect Dir Div on November 19, 2018 and sell it today you would earn a total of 244.00 from holding Reliance Diversified Power Sect Dir Div or generate 8.53% return on investment over 30 days. Reliance Diversified Power Sect Dir Div is generating 1.7346% of daily returns and assumes 4.7362% volatility on return distribution over the 30 days horizon. Simply put, 42% of equities are less volatile than Reliance Diversified Power Sect Dir Div and 68% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
Reliance Diversified Current Valuation
December 19, 2018
Reliance Diversified is Unknown risk asset. Reliance Diversified recent Real Value cannot be determined due to lack of data. The prevailing price of Reliance Diversified is 31.06. Based on Macroaxis valuation methodology, the fund cannot be evaluated at this time. We determine the value of Reliance Diversified 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 Diversified Market Risk Analysis
Sharpe Ratio = 0.3662
Reliance Diversified Relative Performance Indicators
Estimated Market Risk
Risk-Adjusted Fund PerformanceCompared to the overall equity markets, risk-adjusted returns on investments in Reliance Diversified Power Sect Dir Div are ranked lower than 24 (%) of all funds and portfolios of funds over the last 30 days.
|Fifty Two Week Low||29.9819|
|Fifty Two Week High||29.9819|
|Annual Report Expense Ratio||1.67%|