|Horizon||30 Days Login to change|
Reliance Gold Market Sensitivity
|As returns on market increase, Reliance Gold returns are expected to increase less than the market. However during bear market, the loss on holding Reliance Gold will be expected to be smaller as well.One Month Beta |Analyze Reliance Gold Savings Demand TrendCheck current 30 days Reliance Gold correlation with market (DOW)|
β = 0.0532
Reliance Gold Savings Technical Analysis
Reliance Gold Projected Return Density Against MarketAssuming 30 trading days horizon, Reliance Gold has beta of 0.0532 . This implies as returns on market go up, Reliance Gold average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Reliance Gold Savings Gr will be expected to be much smaller as well. Additionally, Reliance Gold Savings Gr has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
Reliance Gold Return VolatilityReliance Gold Savings Gr accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 0.4487% risk (volatility on return distribution) over the 30 days horizon.