RELIANCE HOME (India) Risk Analysis And Volatility

RHFL -- India Stock  

INR 39.80  0.30  0.75%

Macroaxis considers RELIANCE HOME to be unknown risk. RELIANCE HOME FIN maintains Sharpe Ratio (i.e. Efficiency) of -0.5774 which implies RELIANCE HOME FIN had -0.5774% of return per unit of volatility over the last 2 months. Macroaxis approach towards forecasting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. RELIANCE HOME FIN exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check RELIANCE HOME FIN Risk Adjusted Performance of (0.45) to confirm risk estimate we provide.
Horizon     30 Days    Login   to change

RELIANCE HOME Market Sensitivity

As returns on market increase, RELIANCE HOME returns are expected to increase less than the market. However during bear market, the loss on holding RELIANCE HOME will be expected to be smaller as well.
2 Months Beta |Analyze RELIANCE HOME FIN Demand Trend
Check current 30 days RELIANCE HOME correlation with market (DOW)
β = 0.249

RELIANCE HOME Central Daily Price Deviation

RELIANCE HOME FIN Technical Analysis

Transformation
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RELIANCE HOME Projected Return Density Against Market

Assuming 30 trading days horizon, RELIANCE HOME has beta of 0.249 . This implies as returns on market go up, RELIANCE HOME average returns are expected to increase less than the benchmark. However during bear market, the loss on holding RELIANCE HOME FIN will be expected to be much smaller as well. 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 
Assuming 30 trading days horizon, the coefficient of variation of RELIANCE HOME is -173.21. The daily returns are destributed with a variance of 0.19 and standard deviation of 0.43. The mean deviation of RELIANCE HOME FIN is currently at 0.33. For similar time horizon, the selected benchmark (DOW) has volatility of 1.97
α
Alpha over DOW
=1.57
β
Beta against DOW=0.25
σ
Overall volatility
=0.43
Ir
Information ratio =0.21

RELIANCE HOME Return Volatility

RELIANCE HOME FIN accepts 0.4319% volatility on return distribution over the 30 days horizon. DOW inherits 2.0125% 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 2.01 and is 4.67 times more volatile than RELIANCE HOME FIN. 3% 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 3 (%) of all global equities and portfolios over the last 30 days. Use RELIANCE HOME FIN to protect your portfolios against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of RELIANCE HOME to be traded at 39.0 in 30 days. . As returns on market increase, RELIANCE HOME returns are expected to increase less than the market. However during bear market, the loss on holding RELIANCE HOME will be expected to be smaller as well.

RELIANCE HOME correlation with market

correlation synergy
Significant 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

Additionally take a look at Your Equity Center. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.
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