Reliance Industries (Germany) Market Value

RLI Stock  EUR 54.40  0.20  0.37%   
Reliance Industries' market value is the price at which a share of Reliance Industries trades on a public exchange. It measures the collective expectations of Reliance Industries Limited investors about its performance. Reliance Industries is trading at 54.40 as of the 23rd of December 2024. This is a 0.37 percent decrease since the beginning of the trading day. The stock's lowest day price was 54.4.
With this module, you can estimate the performance of a buy and hold strategy of Reliance Industries Limited and determine expected loss or profit from investing in Reliance Industries over a given investment horizon. Check out Reliance Industries Correlation, Reliance Industries Volatility and Reliance Industries Alpha and Beta module to complement your research on Reliance Industries.
Symbol

Please note, there is a significant difference between Reliance Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Reliance Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliance Industries' 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 Industries '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 Industries' 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 Industries.
0.00
11/23/2024
No Change 0.00  0.0 
In 30 days
12/23/2024
0.00
If you would invest  0.00  in Reliance Industries on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Reliance Industries Limited or generate 0.0% return on investment in Reliance Industries over 30 days. Reliance Industries is related to or competes with Marathon Petroleum, Valero Energy, Neste Oyj, NESTE OYJ, Polski Koncern, and ENEOS Holdings. Reliance Industries Limited engages in the hydrocarbon exploration and production, petroleum refining and marketing, pet... More

Reliance Industries 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 Industries' 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 Industries Limited upside and downside potential and time the market with a certain degree of confidence.

Reliance Industries Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Reliance Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reliance Industries' standard deviation. In reality, there are many statistical measures that can use Reliance Industries historical prices to predict the future Reliance Industries' volatility.
Hype
Prediction
LowEstimatedHigh
52.8354.4055.97
Details
Intrinsic
Valuation
LowRealHigh
42.4944.0659.84
Details

Reliance Industries Backtested Returns

Reliance Industries 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 Industries exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Reliance Industries' Coefficient Of Variation of (796.36), risk adjusted performance of (0.09), and Variance of 2.54 to confirm the risk estimate we provide. The company holds a Beta of 0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, Reliance Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Reliance Industries is expected to be smaller as well. At this point, Reliance Industries has a negative expected return of -0.23%. Please make sure to check Reliance Industries' maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Reliance Industries performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.16  

Insignificant reverse predictability

Reliance Industries Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between Reliance Industries time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Industries price movement. The serial correlation of -0.16 indicates that over 16.0% of current Reliance Industries price fluctuation can be explain by its past prices.
Correlation Coefficient-0.16
Spearman Rank Test-0.02
Residual Average0.0
Price Variance1.25

Reliance Industries lagged returns against current returns

Autocorrelation, which is Reliance Industries 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 Industries' stock expected returns. We can calculate the autocorrelation of Reliance Industries returns to help us make a trade decision. For example, suppose you find that Reliance Industries 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 Industries 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 Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reliance Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reliance Industries stock over time.
   Current vs Lagged Prices   
       Timeline  

Reliance Industries Lagged Returns

When evaluating Reliance Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reliance Industries stock have on its future price. Reliance Industries 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 Industries autocorrelation shows the relationship between Reliance Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Reliance Industries Limited.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in Reliance Stock

Reliance Industries financial ratios help investors to determine whether Reliance Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Reliance with respect to the benefits of owning Reliance Industries security.