RELIANCE Stock Performance

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RELIANCE -- India Stock  

INR 1,788  35.55  1.95%

On a scale of 0 to 100, RELIANCE INDS holds a performance score of 22. The company holds a Beta of -0.0441, which implies not very significant fluctuations relative to the market. Let's try to break down what RELIANCE's beta means in this case. As returns on the market increase, returns on owning RELIANCE INDS are expected to decrease at a much lower rate. During the bear market, RELIANCE INDS is likely to outperform the market. Although it is vital to follow to RELIANCE INDS current trending patterns, it is good to be conservative about what you can do with the information regarding equity existing price patterns. The approach towards forecasting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. We have found twenty-one technical indicators for RELIANCE INDS, which you can use to evaluate the performance of the company. Please employ RELIANCE INDS value at risk, and the relationship between the jensen alpha and semi variance to make a quick decision on whether RELIANCE INDS historical price patterns will revert.

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RELIANCE INDS Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in RELIANCE INDS are ranked lower than 22 (%) of all global equities and portfolios over the last 30 days. Despite somewhat conflicting basic indicators, RELIANCE INDS sustained solid returns over the last few months and may actually be approaching a breakup point.
Quick Ratio0.34
Fifty Two Week Low875.65
Target High Price1,500.00
Fifty Two Week High1,804.20
Payout Ratio9.14%
Trailing Annual Dividend Yield0.38%
Target Low Price835.00

RELIANCE INDS Relative Risk vs. Return Landscape

If you would invest  115,835  in RELIANCE INDS on June 8, 2020 and sell it today you would earn a total of  62,955  from holding RELIANCE INDS or generate 54.35% return on investment over 30 days. RELIANCE INDS is generating 0.8244% of daily returns and assumes 2.5773% volatility on return distribution over the 30 days horizon. Simply put, 22% of equities are less volatile than RELIANCE INDS and 85% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming the 30 trading days horizon, RELIANCE INDS is expected to generate 1.41 times more return on investment than the market. However, the company is 1.41 times more volatile than its market benchmark. It trades about 0.32 of its potential returns per unit of risk. The DOW is currently generating roughly 0.09 per unit of risk.

RELIANCE INDS Market Risk Analysis

Sharpe Ratio = 0.3199
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RELIANCE INDS Stock Performance Indicators

Estimated Market Risk
  actual daily
 22 %
of total potential
Expected Return
  actual daily
 15 %
of total potential
Risk-Adjusted Return
  actual daily
 22 %
of total potential
Based on monthly moving average RELIANCE INDS is performing at about 22% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of RELIANCE INDS by adding it to a well-diversified portfolio.

About RELIANCE INDS Performance

To evaluate RELIANCE INDS Stock as a possible investment, you need to clearly understand its upside, downside potential, and overall future performance outlook. You may be satisfied when RELIANCE INDS generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare RELIANCE's stock performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand RELIANCE INDS stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents RELIANCE's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section. Please also refer to our technical analysis and fundamental analysis pages.
Reliance Industries Limited engages in the hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, textile, and digital service businesses worldwide. The company was incorporated in 1973 and is based in Mumbai, India. RELIANCE INDS operates under Oil Gas Refining Marketing classification in India and is traded on National Stock Exchange of India.


Equity Alerts and Improvement Suggestions

The company has accumulated 3450 B in total debt with debt to equity ratio (D/E) of 0.75, which is about average as compared to similar companies. RELIANCE INDS has a current ratio of 0.61, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
About 42.0% of RELIANCE INDS outstanding shares are owned by corporate insiders


RELIANCE INDS Dividends Analysis

Check RELIANCE INDS dividend payout schedule and payment analysis over time. Analyze past dividends calendar and estimate annual dividend income
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Additionally, take a look at Your Equity Center. Please also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page