Reliance Global Group Stock Probability of Future Stock Price Finishing Over 0.0481
| RELIW Stock | USD 0.04 0.00 0.00% |
Reliance |
Reliance Global Target Price Odds to finish over 0.0481
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 $ 0.05 or more in 90 days |
| 0.04 | 90 days | 0.05 | about 52.06 |
Based on a normal probability distribution, the odds of Reliance Global to move over $ 0.05 or more in 90 days from now is about 52.06 (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 $ 0.04 and $ 0.05 at the end of the 90-day period is about 18.7 .
Assuming the 90 days horizon the stock has the beta coefficient of 1.98 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Reliance Global will likely underperform. In addition to that Reliance Global Group has an alpha of 4.3319, implying that it can generate a 4.33 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). 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 | 4.33 | |
β | Beta against Dow Jones | 1.98 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | 0.14 |
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 is way too risky over 90 days horizon | |
| Reliance Global has some characteristics of a very speculative penny stock | |
| Reliance Global appears to be risky and price may revert if volatility continues | |
| Reliance Global has high likelihood to experience some financial distress in the next 2 years | |
| Reliance Global Group has accumulated 14.54 M in total debt. Reliance Global Group has a current ratio of 0.09, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become 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 revenue of 13.73 M. Net Loss for the year was (12.01 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Reliance Global Group has accumulated about 13.28 K in cash with (847.97 K) of positive cash flow from operations. | |
| Reliance Global has a poor financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Reliance Global Group Announces Stock Exchange and Q3 Call - TipRanks |
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 is way too risky over 90 days horizon | |
| Reliance Global has some characteristics of a very speculative penny stock | |
| Reliance Global appears to be risky and price may revert if volatility continues | |
| Reliance Global has high likelihood to experience some financial distress in the next 2 years | |
| Reliance Global Group has accumulated 14.54 M in total debt. Reliance Global Group has a current ratio of 0.09, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become 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 revenue of 13.73 M. Net Loss for the year was (12.01 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Reliance Global Group has accumulated about 13.28 K in cash with (847.97 K) of positive cash flow from operations. | |
| Reliance Global has a poor financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Reliance Global Group Announces Stock Exchange and Q3 Call - TipRanks |
Additional 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.