Reliance Securities (Indonesia) Market Value
| RELI Stock | IDR 454.00 6.00 1.30% |
| Symbol | Reliance |
Reliance Securities '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 Securities' 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 Securities.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Reliance Securities on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Reliance Securities Tbk or generate 0.0% return on investment in Reliance Securities over 30 days. Reliance Securities is related to or competes with Panca Global, Panin Sekuritas, Trimegah Securities, Yulie Sekurindo, and Trust Finance. More
Reliance Securities 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 Securities' 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 Securities Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.83 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.75 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 3.9 |
Reliance Securities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reliance Securities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reliance Securities' standard deviation. In reality, there are many statistical measures that can use Reliance Securities historical prices to predict the future Reliance Securities' volatility.| Risk Adjusted Performance | 0.0201 | |||
| Jensen Alpha | 0.0625 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.12) |
Reliance Securities Tbk Backtested Returns
As of now, Reliance Stock is very steady. Reliance Securities Tbk maintains Sharpe Ratio (i.e., Efficiency) of 0.0088, which implies the firm had a 0.0088% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Reliance Securities Tbk, which you can use to evaluate the volatility of the company. Please check Reliance Securities' Semi Deviation of 2.19, coefficient of variation of 5748.08, and Risk Adjusted Performance of 0.0201 to confirm if the risk estimate we provide is consistent with the expected return of 0.0208%. The company holds a Beta of -0.26, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Reliance Securities are expected to decrease at a much lower rate. During the bear market, Reliance Securities is likely to outperform the market. Reliance Securities Tbk right now holds a risk of 2.38%. Please check Reliance Securities Tbk sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Reliance Securities Tbk will be following its historical price patterns.
Auto-correlation | 0.17 |
Very weak predictability
Reliance Securities Tbk has very weak predictability. Overlapping area represents the amount of predictability between Reliance Securities time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Securities Tbk price movement. The serial correlation of 0.17 indicates that over 17.0% of current Reliance Securities price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 32.73 |
Reliance Securities Tbk lagged returns against current returns
Autocorrelation, which is Reliance Securities 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 Securities' stock expected returns. We can calculate the autocorrelation of Reliance Securities returns to help us make a trade decision. For example, suppose you find that Reliance Securities 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 Securities 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 Securities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reliance Securities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reliance Securities stock over time.
Current vs Lagged Prices |
| Timeline |
Reliance Securities Lagged Returns
When evaluating Reliance Securities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reliance Securities stock have on its future price. Reliance Securities 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 Securities autocorrelation shows the relationship between Reliance Securities stock current value and its past values and can show if there is a momentum factor associated with investing in Reliance Securities Tbk.
Regressed Prices |
| Timeline |
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Reliance Securities financial ratios help investors to determine whether Reliance Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Reliance with respect to the benefits of owning Reliance Securities security.