The fund holds Beta of 0.0 which implies the returns on MARKET and Reliance Equity are completely uncorrelated. Although it is extremely important to respect Reliance Equity Oppo
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 Equity Oppo 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 Equity Opportunities Bns has generated negative risk-adjusted returns adding no value to fund investors. Despite somewhat strong basic indicators, Reliance Equity 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||83.89|
|Fifty Two Week High||98.74|
|Annual Report Expense Ratio||2.02%|
Reliance Equity Oppo Relative Risk vs. Return Landscape
If you would invest (100.00)
in Reliance Equity Opportunities Bns on June 24, 2019
and sell it today you would earn a total of 100.00
from holding Reliance Equity Opportunities Bns or generate -100.0%
return on investment over 30
days. Reliance Equity Opportunities Bns 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 Equity and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
Reliance Equity Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average Reliance Equity 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 Equity
by adding it to a well-diversified