Reliance Global Group Stock Probability of Future Stock Price Finishing Over 1.58
| RELI Stock | USD 1.53 0.10 6.99% |
Reliance |
Reliance Global Target Price Odds to finish over 1.58
The tendency of Reliance Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 1.58 or more in 90 days |
| 1.53 | 90 days | 1.58 | under 95 |
Based on a normal probability distribution, the odds of Reliance Global to move over $ 1.58 or more in 90 days from now is under 95 (This Reliance Global Group probability density function shows the probability of Reliance Stock to fall within a particular range of prices over 90 days) . Probability of Reliance Global Group price to stay between its current price of $ 1.53 and $ 1.58 at the end of the 90-day period is about 1.26 .
Given the investment horizon of 90 days Reliance Global has a beta of 0.54 indicating as returns on the market go up, Reliance Global average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Reliance Global Group will be expected to be much smaller as well. Additionally Reliance Global Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Reliance Global Price Density |
| Price |
Predictive Modules for Reliance Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Reliance Global Group. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Reliance Global Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Reliance Global is not an exception. The market had few large corrections towards the Reliance Global's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Reliance Global Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Reliance Global within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.79 | |
β | Beta against Dow Jones | 0.54 | |
σ | Overall volatility | 0.43 | |
Ir | Information ratio | -0.16 |
Reliance Global Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Reliance Global for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Reliance Global Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Reliance Global generated a negative expected return over the last 90 days | |
| Reliance Global has high historical volatility and very poor performance | |
| Reliance Global may become a speculative penny stock | |
| Reliance Global has a very high chance of going through financial distress in the upcoming years | |
| Reliance Global Group currently holds 14.54 M in liabilities with Debt to Equity (D/E) ratio of 0.6, which is about average as compared to similar companies. Reliance Global Group has a current ratio of 0.55, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Reliance Global's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 13.73 M. Net Loss for the year was (12.01 M) with profit before overhead, payroll, taxes, and interest of 2.61 M. | |
| Reliance Global Group currently holds about 1.62 M in cash with (847.97 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.09. | |
| Reliance Global has a poor financial position based on the latest SEC disclosures | |
| Latest headline from insidermonkey.com: Reliance Global Group, Inc. Q3 2024 Earnings Call Transcript |
Reliance Global Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Reliance Stock often depends not only on the future outlook of the current and potential Reliance Global's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Reliance Global's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 165.9 K | |
| Cash And Short Term Investments | 1.3 M |
Reliance Global Technical Analysis
Reliance Global's future price can be derived by breaking down and analyzing its technical indicators over time. Reliance Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Reliance Global Group. In general, you should focus on analyzing Reliance Stock price patterns and their correlations with different microeconomic environments and drivers.
Reliance Global Predictive Forecast Models
Reliance Global's time-series forecasting models is one of many Reliance Global's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Reliance Global's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Reliance Global Group
Checking the ongoing alerts about Reliance Global for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Reliance Global Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Reliance Global generated a negative expected return over the last 90 days | |
| Reliance Global has high historical volatility and very poor performance | |
| Reliance Global may become a speculative penny stock | |
| Reliance Global has a very high chance of going through financial distress in the upcoming years | |
| Reliance Global Group currently holds 14.54 M in liabilities with Debt to Equity (D/E) ratio of 0.6, which is about average as compared to similar companies. Reliance Global Group has a current ratio of 0.55, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Reliance Global's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 13.73 M. Net Loss for the year was (12.01 M) with profit before overhead, payroll, taxes, and interest of 2.61 M. | |
| Reliance Global Group currently holds about 1.62 M in cash with (847.97 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.09. | |
| Reliance Global has a poor financial position based on the latest SEC disclosures | |
| Latest headline from insidermonkey.com: Reliance Global Group, Inc. Q3 2024 Earnings Call Transcript |
Check out Reliance Global Backtesting, Reliance Global Valuation, Reliance Global Correlation, Reliance Global Hype Analysis, Reliance Global Volatility, Reliance Global History as well as Reliance Global Performance. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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.