RELIANCE HOME (India) Risk Analysis And Volatility Evaluation

RHFL -- India Stock  

INR 48.35  1.65  3.30%

Our approach towards forecasting volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for RELIANCE HOME FIN which you can use to evaluate future volatility of the company. Please check RELIANCE HOME FIN Risk Adjusted Performance of 0.031835 to confirm if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

RELIANCE HOME Market Sensitivity

As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, RELIANCE HOME will likely underperform.
One Month Beta |Analyze RELIANCE HOME FIN Demand Trend
Check current 30 days RELIANCE HOME correlation with market (DOW)
β = 2.1095
RELIANCE HOME Large BetaRELIANCE HOME FIN Beta Legend

RELIANCE HOME FIN Technical Analysis

Transformation
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RELIANCE HOME Projected Return Density Against Market

Assuming 30 trading days horizon, the stock has beta coefficient of 2.1095 . This implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, RELIANCE HOME will likely underperform. Additionally, RELIANCE HOME FIN 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 
      Returns 
α
Alpha over DOW
=0.61
β
Beta against DOW=2.11
σ
Overall volatility
=0.00
Ir
Information ratio =0.06

RELIANCE HOME Return Volatility

RELIANCE HOME FIN accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.1628% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

RELIANCE HOME Investment Opportunity

DOW has a standard deviation of returns of 1.16 and is 9.223372036854776E16 times more volatile than RELIANCE HOME FIN. 0% of all equities and portfolios are less risky than RELIANCE HOME. Compared to the overall equity markets, volatility of historical daily returns of RELIANCE HOME FIN is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use RELIANCE HOME FIN to protect against small markets fluctuations. The stock experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of RELIANCE HOME to be traded at 46.42 in 30 days. As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, RELIANCE HOME will likely underperform.

RELIANCE HOME correlation with market

correlation synergy
Weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding RELIANCE HOME FIN and equity matching DJI index in the same portfolio.

RELIANCE HOME Volatility Indicators

RELIANCE HOME FIN Current Risk Indicators

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