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 TrendCheck current 30 days RELIANCE HOME correlation with market (DOW)|
β = 0.249
RELIANCE HOME Central Daily Price Deviation
RELIANCE HOME FIN Technical Analysis
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.
RELIANCE HOME Projected Return Density Against MarketAssuming 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
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
|Alpha over DOW||=||1.57|
|Beta against DOW||=||0.25|
RELIANCE HOME Return VolatilityRELIANCE 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.
Check real value of public entities based on technical and fundamental data
|All Next||Launch Equity Valuation|
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
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.