Reliance Weaving (Pakistan) Price on September 25, 2023
| REWM Stock | 96.57 8.78 10.00% |
If you're considering investing in Reliance Stock, it is important to understand the factors that can impact its price. As of today, the current price of Reliance Weaving stands at 96.57, as last reported on the 27th of November, with the highest price reaching 96.57 and the lowest price hitting 79.10 during the day. Reliance Weaving appears to be very steady, given 3 months investment horizon. Reliance Weaving Mills maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. By analyzing Reliance Weaving's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please evaluate Reliance Weaving's Semi Deviation of 2.54, risk adjusted performance of 0.0606, and Coefficient Of Variation of 1455.37 to confirm if our risk estimates are consistent with your expectations.
Reliance Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Reliance |
Sharpe Ratio = 0.1343
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Estimated Market Risk
| 4.73 actual daily | 42 58% of assets are more volatile |
Expected Return
| 0.64 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Reliance Weaving is performing at about 10% 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 Weaving by adding it to a well-diversified portfolio.
Reliance Weaving Valuation on September 25, 2023
It is possible to determine the worth of Reliance Weaving on a given historical date. On September 25, 2023 Reliance was worth 59.0 at the beginning of the trading date compared to the closed value of 60.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Reliance Weaving stock. Still, in general, we apply an absolute valuation method to find Reliance Weaving'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 Weaving where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Reliance Weaving's related companies.
| Open | High | Low | Close | Volume | |
| 60.00 | 60.00 | 60.00 | 60.00 | 500.00 | |
09/25/2023 | 59.00 | 60.00 | 59.00 | 60.00 | 1,000.00 |
| 55.51 | 55.51 | 55.50 | 55.50 | 1,000.00 |
| Backtest Reliance Weaving | | | Reliance Weaving History | | | Reliance Weaving Valuation | Previous | Next |
Reliance Weaving Trading Date Momentum on September 25, 2023
| On October 02 2023 Reliance Weaving Mills was traded for 55.50 at the closing time. The highest price during the trading period was 55.51 and the lowest recorded bid was listed for 55.50 . The volume for the day was 1000. This history from October 2, 2023 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 7.50% . The trading delta at closing time to the current price is 1.47% . |
About Reliance Weaving Stock history
Reliance Weaving 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 Weaving Mills 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 Weaving stock prices may prove useful in developing a viable investing in Reliance Weaving
Reliance Weaving Stock Technical Analysis
Reliance Weaving 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.
Price Boundaries
Reliance Weaving Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Reliance Weaving Mills cannot be verified against its exchange. Please verify the symbol is currently traded on Karachi Stock 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 Weaving November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Reliance Weaving 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 Weaving shares will generate the highest return on investment. By undertsting and applying Reliance Weaving stock market strength indicators, traders can identify Reliance Weaving Mills entry and exit signals to maximize returns
Reliance Weaving Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Reliance Weaving'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.
| Risk Adjusted Performance | 0.0606 | |||
| Jensen Alpha | 0.2665 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0368 | |||
| Treynor Ratio | 19.15 |
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| Volume Indicators |
Complementary Tools for Reliance Stock analysis
When running Reliance Weaving's price analysis, check to measure Reliance Weaving'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 Weaving is operating at the current time. Most of Reliance Weaving's value examination focuses on studying past and present price action to predict the probability of Reliance Weaving'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 Weaving's price. Additionally, you may evaluate how the addition of Reliance Weaving to your portfolios can decrease your overall portfolio volatility.
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