Reliance Global Group Stock Market Value
| RELI Stock | USD 1.31 0.02 1.50% |
| Symbol | Reliance |
Reliance Global Group Price To Book Ratio
Is Property & Casualty Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Reliance Global. If investors know Reliance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Reliance Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (78.45) | Revenue Per Share 23.34 | Quarterly Revenue Growth 0.051 | Return On Assets (0.11) | Return On Equity (1.99) |
The market value of Reliance Global Group is measured differently than its book value, which is the value of Reliance that is recorded on the company's balance sheet. Investors also form their own opinion of Reliance Global's value that differs from its market value or its book value, called intrinsic value, which is Reliance Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Reliance Global's market value can be influenced by many factors that don't directly affect Reliance Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Reliance Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reliance Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliance Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Reliance Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Reliance Global's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Reliance Global.
| 10/19/2024 |
| 12/18/2024 |
If you would invest 0.00 in Reliance Global on October 19, 2024 and sell it all today you would earn a total of 0.00 from holding Reliance Global Group or generate 0.0% return on investment in Reliance Global over 60 days. Reliance Global is related to or competes with CorVel Corp, Crawford, EHealth, Crawford, Brown Brown, Arthur J, and Willis Towers. Reliance Global Group, Inc. engages in the acquisition and management of wholesale and retail insurance agencies in the ... More
Reliance Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Reliance Global's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Reliance Global Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 35.95 | |||
| Value At Risk | (8.81) | |||
| Potential Upside | 7.21 |
Reliance Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reliance Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reliance Global's standard deviation. In reality, there are many statistical measures that can use Reliance Global historical prices to predict the future Reliance Global's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (1.00) | |||
| Total Risk Alpha | (1.41) | |||
| Treynor Ratio | (1.79) |
Reliance Global Group Backtested Returns
Reliance Global Group maintains Sharpe Ratio (i.e., Efficiency) of -0.15, which implies the firm had a -0.15% return per unit of risk over the last 3 months. Reliance Global Group exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Reliance Global's Risk Adjusted Performance of (0.12), variance of 30.45, and Coefficient Of Variation of (574.29) to confirm the risk estimate we provide. The company holds a Beta of 0.54, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Reliance Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Reliance Global is expected to be smaller as well. At this point, Reliance Global Group has a negative expected return of -0.84%. Please make sure to check Reliance Global's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Reliance Global Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Reliance Global Group has virtually no predictability. Overlapping area represents the amount of predictability between Reliance Global time series from 19th of October 2024 to 18th of November 2024 and 18th of November 2024 to 18th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Reliance Global Group price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Reliance Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Reliance Global Group lagged returns against current returns
Autocorrelation, which is Reliance Global stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Reliance Global's stock expected returns. We can calculate the autocorrelation of Reliance Global returns to help us make a trade decision. For example, suppose you find that Reliance Global has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Reliance Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Reliance Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reliance Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reliance Global stock over time.
Current vs Lagged Prices |
| Timeline |
Reliance Global Lagged Returns
When evaluating Reliance Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reliance Global stock have on its future price. Reliance Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Reliance Global autocorrelation shows the relationship between Reliance Global stock current value and its past values and can show if there is a momentum factor associated with investing in Reliance Global Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Reliance Global Group is a strong investment it is important to analyze Reliance Global's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Reliance Global's future performance. For an informed investment choice regarding Reliance Stock, refer to the following important reports:Check out Reliance Global Correlation, Reliance Global Volatility and Reliance Global Alpha and Beta module to complement your research on Reliance Global. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.