|Horizon||30 Days Login to change|
Reliance Gold Market Sensitivity
|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.One Month Beta |Analyze Reliance Gold Savings Demand TrendCheck current 30 days Reliance Gold correlation with market (DOW)|
β = -0.0802
Reliance Gold Central Daily Price Deviation
Reliance Gold Savings Technical Analysis
Reliance Gold Projected Return Density Against MarketAssuming 30 trading days horizon, Reliance Gold Savings Gr has beta of -0.0802 . This implies as returns on benchmark increase, returns on holding Reliance Gold are expected to decrease at a much smaller rate. During bear market, however, Reliance Gold Savings Gr is likely to outperform the market. 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
Reliance Gold Return VolatilityReliance Gold Savings Gr accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.1779% risk (volatility on return distribution) over the 30 days horizon.