Reliance Industries (Germany) Price on July 27, 2023
RLI Stock | EUR 57.40 0.60 1.03% |
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 Industries stands at 57.40, as last reported on the 11th of December 2024, with the highest price reaching 57.40 and the lowest price hitting 57.00 during the day. Reliance Industries maintains Sharpe Ratio (i.e., Efficiency) of -0.0697, which implies the firm had a -0.0697% return per unit of risk over the last 3 months. Reliance Industries exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Reliance Industries' Variance of 2.57, risk adjusted performance of (0.06), and Coefficient Of Variation of (1,124) to confirm the risk estimate we provide.
Reliance Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Reliance |
Sharpe Ratio = -0.0697
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Estimated Market Risk
1.61 actual daily | 14 86% of assets are more volatile |
Expected Return
-0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Reliance Industries is not performing at its full potential. However, 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 Industries by adding Reliance Industries to a well-diversified portfolio.
Reliance Industries Valuation on July 27, 2023
It is possible to determine the worth of Reliance Industries on a given historical date. On July 27, 2023 Reliance was worth 55.38 at the beginning of the trading date compared to the closed value of 55.38. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Reliance Industries stock. Still, in general, we apply an absolute valuation method to find Reliance Industries' 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 Industries where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Reliance Industries' related companies.
Open | High | Low | Close | Volume | |
54.78 | 55.38 | 54.78 | 54.98 | 337.00 | |
07/27/2023 | 55.38 | 55.38 | 54.98 | 55.38 | 1,489 |
55.18 | 56.57 | 55.18 | 56.57 | 1,632 |
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Reliance Industries Trading Date Momentum on July 27, 2023
On July 28 2023 Reliance Industries Limited was traded for 56.57 at the closing time. The highest daily price throughout the period was 56.57 and the lowest price was 55.18 . The daily volume was 1.6 K. The net trading volume on 07/28/2023 added to the next day price rise. The trading delta at closing time to closing price of the next trading day was 2.15% . The trading delta at closing time to current closing price is 1.44% . |
Reliance Industries Fundamentals Correlations and Trends
By evaluating Reliance Industries' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Reliance Industries' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Reliance financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Reliance Industries Stock history
Reliance Industries 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 Industries 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 Industries stock prices may prove useful in developing a viable investing in Reliance Industries
Reliance Industries Limited engages in the hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, textile, and digital service businesses worldwide. The company was incorporated in 1973 and is based in Mumbai, India. RELIANCE INDS operates under Oil Gas Refining Marketing classification in Germany and is traded on Frankfurt Stock Exchange. It employs 194056 people.
Reliance Industries Stock Technical Analysis
Reliance Industries 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 Industries Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
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Reliance Industries December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Reliance Industries 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 Industries shares will generate the highest return on investment. By undertsting and applying Reliance Industries stock market strength indicators, traders can identify Reliance Industries Limited entry and exit signals to maximize returns
Reliance Industries Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Reliance Industries' 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 | (0.06) | |||
Jensen Alpha | (0.23) | |||
Total Risk Alpha | (0.41) | |||
Treynor Ratio | (0.23) |
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When running Reliance Industries' price analysis, check to measure Reliance Industries' 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 Industries is operating at the current time. Most of Reliance Industries' value examination focuses on studying past and present price action to predict the probability of Reliance Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Industries' price. Additionally, you may evaluate how the addition of Reliance Industries to your portfolios can decrease your overall portfolio volatility.
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