The fund holds Beta of 0.0 which implies the returns on MARKET and Reliance Gold are completely uncorrelated. Although it is extremely important to respect Reliance Gold Savings
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 Gold Savings 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 Gold Savings Gr has generated negative risk-adjusted returns adding no value to fund investors. Despite somewhat strong basic indicators, Reliance Gold is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short term losses for the investors.
|Fifty Two Week Low||12.91|
|Fifty Two Week High||13.25|
|Annual Report Expense Ratio||0.70%|
Reliance Gold Savings Relative Risk vs. Return Landscape
If you would invest (100.00)
in Reliance Gold Savings Gr on April 25, 2019
and sell it today you would earn a total of 100.00
from holding Reliance Gold Savings Gr or generate -100.0%
return on investment over 30
days. Reliance Gold Savings 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 Gold and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
Reliance Gold Market Risk Analysis
Sharpe Ratio = 0.0
Based on monthly moving average Reliance Gold 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 Gold
by adding it to a well-diversified