The fund holds Beta of -0.0147 which implies as returns on market increase, returns on owning Reliance Gold are expected to decrease at a much smaller rate. During bear market, Reliance Gold is likely to outperform the market.. 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 6.0E-4% will be sustainable into the future.
|Horizon||30 Days Login to change|
Reliance Gold Savings Relative Risk vs. Return LandscapeIf you would invest 1,302 in Reliance Gold Savings Gr on November 15, 2018 and sell it today you would earn a total of 0.00 from holding Reliance Gold Savings Gr or generate 0.0% return on investment over 30 days. Reliance Gold Savings Gr is generating 6.0E-4% of daily returns and assumes 0.3771% volatility on return distribution over the 30 days horizon. Simply put, 3% of equities are less volatile than Reliance Gold Savings Gr 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 Current Valuation
December 15, 2018
Reliance Gold is Unknown risk asset. Reliance Gold Savings recent Real Value cannot be determined due to lack of data. The prevailing price of Reliance Gold Savings is 13.02. Based on Macroaxis valuation methodology, the fund cannot be evaluated at this time. We determine the value of Reliance Gold Savings 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 Gold Market Risk Analysis
Sharpe Ratio = 0.0015
Reliance Gold Relative Performance Indicators
Estimated Market Risk
Risk-Adjusted Fund PerformanceOver the last 30 days Reliance Gold Savings Gr has generated negative risk-adjusted returns adding no value to fund investors.
|Fifty Two Week Low||12.1520|
|Fifty Two Week High||13.3460|
|Annual Report Expense Ratio||0.70%|