Reliance Global Group Stock Beta

RELIW Stock

USD 0.03 0.02 35.90%

Reliance Global Group fundamentals help investors to digest information that contributes to Reliance Global's financial success or failures. It also enables traders to predict the movement of Reliance Stock. The fundamental analysis module provides a way to measure Reliance Global's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Reliance Global stock.

Total Current Liabilities Total Assets

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Reliance Global Group Company Beta Analysis

Reliance Global's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Reliance Global Beta

0.28

Most of Reliance Global's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Reliance Global Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Reliance Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Reliance Global is extremely important. It helps to project a fair market value of Reliance Stock properly, considering its historical fundamentals such as Beta. Since Reliance Global's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Reliance Global's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Reliance Global's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Common Stock	Current Deferred Revenue	Net Invested Capital	Short Long Term Debt	Net Working Capital	Short Term Debt	Long Term Debt	Good Will	Capital Surpluse	Intangible Assets	Property Plant Equipment	Capital Stock	Short Term Investments	Long Term Investments
Total Assets		-0.12	0.75	-0.8	0.9	0.82	0.87	0.75	0.63	0.34	0.45	0.34	-0.44	0.54	0.94	0.95	0.92	0.95	0.85	0.07	-0.2	-0.43
Total Stockholder Equity	-0.12		0.15	0.1	0.04	-0.01	-0.59	-0.46	-0.7	-0.53	0.71	0.03	0.94	0.06	0.14	0.02	-0.11	0.11	-0.07	-0.93	-0.33	-0.41
Net Debt	0.75	0.15		-0.59	0.75	0.63	0.52	0.37	0.48	0.6	0.77	0.81	-0.08	0.76	0.8	0.73	0.75	0.77	0.78	-0.18	-0.2	-0.39
Retained Earnings	-0.8	0.1	-0.59		-0.7	-0.96	-0.75	-0.91	-0.68	-0.18	-0.46	-0.23	0.34	-0.42	-0.86	-0.74	-0.87	-0.88	-0.77	-0.23	0.68	0.8
Accounts Payable	0.9	0.04	0.75	-0.7		0.82	0.7	0.57	0.45	0.28	0.55	0.42	-0.26	0.59	0.86	0.89	0.88	0.86	0.7	-0.11	-0.19	-0.41
Net Receivables	0.82	-0.01	0.63	-0.96	0.82		0.72	0.84	0.61	0.18	0.54	0.31	-0.27	0.51	0.88	0.79	0.91	0.89	0.76	0.12	-0.66	-0.78
Total Liab	0.87	-0.59	0.52	-0.75	0.7	0.72		0.88	0.87	0.53	0.04	0.26	-0.81	0.42	0.71	0.77	0.81	0.73	0.74	0.53	-0.11	-0.21
Total Current Assets	0.75	-0.46	0.37	-0.91	0.57	0.84	0.88		0.82	0.26	0.09	0.06	-0.67	0.24	0.69	0.65	0.77	0.72	0.65	0.55	-0.48	-0.55
Common Stock	0.63	-0.7	0.48	-0.68	0.45	0.61	0.87	0.82		0.72	-0.05	0.43	-0.81	0.47	0.51	0.47	0.71	0.51	0.68	0.76	-0.17	-0.2
Current Deferred Revenue	0.34	-0.53	0.6	-0.18	0.28	0.18	0.53	0.26	0.72		0.05	0.81	-0.56	0.65	0.24	0.28	0.38	0.19	0.5	0.46	0.2	0.24
Net Invested Capital	0.45	0.71	0.77	-0.46	0.55	0.54	0.04	0.09	-0.05	0.05		0.55	0.51	0.57	0.68	0.55	0.48	0.65	0.53	-0.66	-0.53	-0.66
Short Long Term Debt	0.34	0.03	0.81	-0.23	0.42	0.31	0.26	0.06	0.43	0.81	0.55		-0.04	0.87	0.41	0.35	0.45	0.34	0.58	-0.04	-0.09	-0.08
Net Working Capital	-0.44	0.94	-0.08	0.34	-0.26	-0.27	-0.81	-0.67	-0.81	-0.56	0.51	-0.04		-0.07	-0.16	-0.3	-0.37	-0.2	-0.3	-0.85	-0.24	-0.25
Short Term Debt	0.54	0.06	0.76	-0.42	0.59	0.51	0.42	0.24	0.47	0.65	0.57	0.87	-0.07		0.65	0.57	0.68	0.57	0.81	-0.03	-0.24	-0.25
Long Term Debt	0.94	0.14	0.8	-0.86	0.86	0.88	0.71	0.69	0.51	0.24	0.68	0.41	-0.16	0.65		0.92	0.93	0.99	0.91	-0.11	-0.46	-0.66
Good Will	0.95	0.02	0.73	-0.74	0.89	0.79	0.77	0.65	0.47	0.28	0.55	0.35	-0.3	0.57	0.92		0.82	0.92	0.81	-0.11	-0.27	-0.42
Capital Surpluse	0.92	-0.11	0.75	-0.87	0.88	0.91	0.81	0.77	0.71	0.38	0.48	0.45	-0.37	0.68	0.93	0.82		0.92	0.9	0.17	-0.38	-0.57
Intangible Assets	0.95	0.11	0.77	-0.88	0.86	0.89	0.73	0.72	0.51	0.19	0.65	0.34	-0.2	0.57	0.99	0.92	0.92		0.88	-0.09	-0.45	-0.66
Property Plant Equipment	0.85	-0.07	0.78	-0.77	0.7	0.76	0.74	0.65	0.68	0.5	0.53	0.58	-0.3	0.81	0.91	0.81	0.9	0.88		0.12	-0.38	-0.5
Capital Stock	0.07	-0.93	-0.18	-0.23	-0.11	0.12	0.53	0.55	0.76	0.46	-0.66	-0.04	-0.85	-0.03	-0.11	-0.11	0.17	-0.09	0.12		0.07	0.17
Short Term Investments	-0.2	-0.33	-0.2	0.68	-0.19	-0.66	-0.11	-0.48	-0.17	0.2	-0.53	-0.09	-0.24	-0.24	-0.46	-0.27	-0.38	-0.45	-0.38	0.07		0.91
Long Term Investments	-0.43	-0.41	-0.39	0.8	-0.41	-0.78	-0.21	-0.55	-0.2	0.24	-0.66	-0.08	-0.25	-0.25	-0.66	-0.42	-0.57	-0.66	-0.5	0.17	0.91

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

In accordance with the recently published financial statements, Reliance Global Group has a Beta of 0.279. This is much higher than that of the Insurance sector and significantly higher than that of the Financials industry. The beta for all United States stocks is notably lower than that of the firm.

Reliance Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Reliance Global's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Reliance Global could also be used in its relative valuation, which is a method of valuing Reliance Global by comparing valuation metrics of similar companies.

Reliance Global is currently under evaluation in beta category among its peers.

Reliance Global Current Valuation Drivers

We derive many important indicators used in calculating different scores of Reliance Global from analyzing Reliance Global's financial statements. These drivers represent accounts that assess Reliance Global's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Reliance Global's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	1.4B	638.9M	1.1B	158.6M	25.7M	24.5M
Enterprise Value	1.4B	652.8M	1.1B	174.4M	39.0M	37.0M

As returns on the market increase, Reliance Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Reliance Global is expected to be smaller as well.

Reliance Fundamentals

	Return On Equity	-1.99
	Return On Asset	-0.11
	Profit Margin	(1.19) %
	Operating Margin	(0.15) %
	Number Of Shares Shorted	11.08 K
	Revenue	13.73 M
	EBITDA	(8.92 M)
	Net Income	(12.01 M)
	Cash And Equivalents	13.28 K
	Total Debt	14.54 M
	Current Ratio	0.09 X
	Book Value Per Share	1.94 X
	Cash Flow From Operations	(847.97 K)
	Number Of Employees	67
	Beta	0.28
	Market Capitalization	39.24 M
	Total Asset	23.02 M
	Retained Earnings	(39 M)
	Working Capital	1.19 M
	Net Asset	23.02 M

About Reliance Global Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Reliance Global Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Reliance Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Reliance Global Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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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.

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