Reliance Communications (India) Market Value
| RCOM Stock | 1.78 0.10 5.32% |
| Symbol | Reliance |
Reliance Communications 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Reliance Communications' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Reliance Communications.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Reliance Communications on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Reliance Communications Limited or generate 0.0% return on investment in Reliance Communications over 180 days. Reliance Communications is related to or competes with Reliance Industrial, Hindustan Copper, Silver Touch, Ratnamani Metals, Shyam Metalics, Hisar Metal, and NRB Industrial. Reliance Communications is entity of India More
Reliance Communications Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Reliance Communications' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Reliance Communications Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 10.22 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 4.68 |
Reliance Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reliance Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reliance Communications' standard deviation. In reality, there are many statistical measures that can use Reliance Communications historical prices to predict the future Reliance Communications' volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | (3.24) |
Reliance Communications Backtested Returns
Reliance Communications maintains Sharpe Ratio (i.e., Efficiency) of -0.15, which implies the firm had a -0.15% return per unit of risk over the last 3 months. Reliance Communications exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Reliance Communications' Variance of 6.6, risk adjusted performance of (0.13), and Coefficient Of Variation of (571.02) to confirm the risk estimate we provide. The company holds a Beta of 0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, Reliance Communications' returns are expected to increase less than the market. However, during the bear market, the loss of holding Reliance Communications is expected to be smaller as well. At this point, Reliance Communications has a negative expected return of -0.39%. Please make sure to check Reliance Communications' treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if Reliance Communications performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Reliance Communications Limited has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Reliance Communications time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Reliance Communications price movement. The serial correlation of -0.78 indicates that around 78.0% of current Reliance Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Reliance Communications lagged returns against current returns
Autocorrelation, which is Reliance Communications stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Reliance Communications' stock expected returns. We can calculate the autocorrelation of Reliance Communications returns to help us make a trade decision. For example, suppose you find that Reliance Communications has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Reliance Communications regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Reliance Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reliance Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reliance Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Reliance Communications Lagged Returns
When evaluating Reliance Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reliance Communications stock have on its future price. Reliance Communications autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Reliance Communications autocorrelation shows the relationship between Reliance Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Reliance Communications Limited.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Reliance Stock Analysis
When running Reliance Communications' price analysis, check to measure Reliance Communications' 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 Communications is operating at the current time. Most of Reliance Communications' value examination focuses on studying past and present price action to predict the probability of Reliance Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Communications' price. Additionally, you may evaluate how the addition of Reliance Communications to your portfolios can decrease your overall portfolio volatility.