Reliance Global Group Stock Price on December 24, 2024

RELI Stock  USD 2.46  1.26  105.00%   
Below is the normalized historical share price chart for Reliance Global Group extending back to February 10, 2015. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Reliance Global stands at 2.46, as last reported on the 24th of December, with the highest price reaching 2.46 and the lowest price hitting 1.18 during the day.
IPO Date
2nd of February 2016
200 Day MA
3.6328
50 Day MA
1.8187
Beta
0.279
 
Yuan Drop
 
Covid
If you're considering investing in Reliance Stock, it is important to understand the factors that can impact its price. Reliance Global appears to be very risky, given 3 months investment horizon. Reliance Global Group maintains Sharpe Ratio (i.e., Efficiency) of 0.0574, which implies the firm had a 0.0574% return per unit of risk over the last 3 months. By analyzing Reliance Global's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please evaluate Reliance Global's Risk Adjusted Performance of (0.13), variance of 30.29, and Coefficient Of Variation of (591.16) to confirm if our risk estimates are consistent with your expectations.
  
As of now, Reliance Global's Common Stock Shares Outstanding is increasing as compared to previous years. The Reliance Global's current Preferred Stock Total Equity is estimated to increase to about 40.9 K, while Liabilities And Stockholders Equity is projected to decrease to under 14.3 M. . The Reliance Global's current Price Earnings To Growth Ratio is estimated to increase to 0.02, while Price To Sales Ratio is projected to decrease to 1.78. Reliance Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0574

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Estimated Market Risk

 14.33
  actual daily
96
96% of assets are less volatile

Expected Return

 0.82
  actual daily
16
84% of assets have higher returns

Risk-Adjusted Return

 0.06
  actual daily
4
96% of assets perform better
Based on monthly moving average Reliance Global is performing at about 4% 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 Global by adding it to a well-diversified portfolio.
Price Book
1.8883
Enterprise Value Ebitda
(5.28)
Price Sales
0.3783
Shares Float
1.6 M
Wall Street Target Price
7

Reliance Global Valuation on December 24, 2024

It is possible to determine the worth of Reliance Global on a given historical date. On December 24, 2024 Reliance was worth 1.2 at the beginning of the trading date compared to the closed value of 2.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Reliance Global stock. Still, in general, we apply an absolute valuation method to find Reliance Global's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Reliance Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Reliance Global's related companies.
 Open High Low Close Volume
  1.22    1.25    1.18    1.20    186,323  
12/24/2024
  1.20    2.46    1.18    2.46    0.00  
  1.20    2.46    1.18    2.46    0.00  
Backtest Reliance Global  |  Reliance Global History  |  Reliance Global Valuation   PreviousNext  
Open Value
1.2
2.46
Closing Value
44.19
Upside

Reliance Global Trading Date Momentum on December 24, 2024

On December 24 2024 Reliance Global Group was traded for  2.46  at the closing time. The top price for the day was 2.46  and the lowest listed price was  1.18 . There was no trading activity during the period 0.0. Lack of trading volume on December 24, 2024 did not cause price change. The trading delta at closing time against the current closing price is 51.22% .

Reliance Global Group Fundamentals Correlations and Trends

By evaluating Reliance Global's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Reliance Global's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Reliance financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Reliance Global Stock history

Reliance Global investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Reliance is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Reliance Global Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Reliance Global stock prices may prove useful in developing a viable investing in Reliance Global
Last ReportedProjected for Next Year
Common Stock Shares Outstanding165.9 K318.2 K
Net Loss-19 M-18 M

Reliance Global Stock Technical Analysis

Reliance Global technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Reliance Global technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Reliance Global trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Reliance Global Period Price Range

Low
December 24, 2024
0.00  NaN%
High

 0.00 

     

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Reliance Global Group cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Reliance Global December 24, 2024 Market Strength

Market strength indicators help investors to evaluate how Reliance Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Reliance Global shares will generate the highest return on investment. By undertsting and applying Reliance Global stock market strength indicators, traders can identify Reliance Global Group entry and exit signals to maximize returns

Reliance Global Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Reliance Global's price direction in advance. Along with the technical and fundamental analysis of Reliance Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Reliance to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Reliance Stock analysis

When running Reliance Global's price analysis, check to measure Reliance Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Reliance Global is operating at the current time. Most of Reliance Global's value examination focuses on studying past and present price action to predict the probability of Reliance Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Global's price. Additionally, you may evaluate how the addition of Reliance Global to your portfolios can decrease your overall portfolio volatility.
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