|Horizon||30 Days Login to change|
Reliance Index Market Sensitivity
|As returns on market increase, returns on owning Reliance Index are expected to decrease at a much smaller rate. During bear market, Reliance Index is likely to outperform the market.One Month Beta |Analyze Reliance Index Nifty Demand TrendCheck current 30 days Reliance Index correlation with market (DOW)|
β = -0.4874
Reliance Index Nifty Technical Analysis
Reliance Index Projected Return Density Against MarketAssuming 30 trading days horizon, Reliance Index Nifty Dir Qtr Div has beta of -0.4874 suggesting as returns on benchmark increase, returns on holding Reliance Index are expected to decrease at a much smaller rate. During bear market, however, Reliance Index Nifty Dir Qtr Div is likely to outperform the market. Moreover, Reliance Index Nifty Dir Qtr Div has an alpha of 0.3811 implying that it can potentially generate 0.3811% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Reliance Index Return VolatilityReliance Index Nifty Dir Qtr Div accepts 1.1276% volatility on return distribution over the 30 days horizon. DOW inherits 0.4303% risk (volatility on return distribution) over the 30 days horizon.