Reliant Holdings Stock Market Value
| RELT Stock | USD 0.05 0.03 39.81% |
| Symbol | Reliant |
Reliant Holdings '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 Reliant Holdings' otc 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 Reliant Holdings.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Reliant Holdings on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Reliant Holdings or generate 0.0% return on investment in Reliant Holdings over 270 days. Reliant Holdings is related to or competes with Skanska AB, Aecom Technology, Matrix Service, MYR, Fluor, and EMCOR. Reliant Holdings, Inc. designs and installs swimming pools in the United States More
Reliant Holdings 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 Reliant Holdings' otc 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 Reliant Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0875 | |||
| Maximum Drawdown | 217.37 | |||
| Value At Risk | (39.81) | |||
| Potential Upside | 3.76 |
Reliant Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reliant Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reliant Holdings' standard deviation. In reality, there are many statistical measures that can use Reliant Holdings historical prices to predict the future Reliant Holdings' volatility.| Risk Adjusted Performance | 0.0801 | |||
| Jensen Alpha | 2.65 | |||
| Total Risk Alpha | (2.09) | |||
| Treynor Ratio | 1.49 |
Reliant Holdings Backtested Returns
Reliant Holdings is out of control given 3 months investment horizon. Reliant Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.0931, which implies the firm had a 0.0931% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-two different technical indicators, which can help you to evaluate if expected returns of 2.99% are justified by taking the suggested risk. Use Reliant Holdings Risk Adjusted Performance of 0.0801, coefficient of variation of 1090.74, and Variance of 998.24 to evaluate company specific risk that cannot be diversified away. Reliant Holdings holds a performance score of 7 on a scale of zero to a hundred. The company holds a Beta of 1.93, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Reliant Holdings will likely underperform. Use Reliant Holdings jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to analyze future returns on Reliant Holdings.
Auto-correlation | -0.24 |
Weak reverse predictability
Reliant Holdings has weak reverse predictability. Overlapping area represents the amount of predictability between Reliant Holdings time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Reliant Holdings price movement. The serial correlation of -0.24 indicates that over 24.0% of current Reliant Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Reliant Holdings lagged returns against current returns
Autocorrelation, which is Reliant Holdings otc 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 Reliant Holdings' otc stock expected returns. We can calculate the autocorrelation of Reliant Holdings returns to help us make a trade decision. For example, suppose you find that Reliant Holdings has exhibited high autocorrelation historically, and you observe that the otc 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 |
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Reliant Holdings 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 Reliant Holdings otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reliant Holdings otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reliant Holdings otc stock over time.
Current vs Lagged Prices |
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Reliant Holdings Lagged Returns
When evaluating Reliant Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reliant Holdings otc stock have on its future price. Reliant Holdings 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, Reliant Holdings autocorrelation shows the relationship between Reliant Holdings otc stock current value and its past values and can show if there is a momentum factor associated with investing in Reliant Holdings.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Reliant OTC Stock Analysis
When running Reliant Holdings' price analysis, check to measure Reliant Holdings' 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 Reliant Holdings is operating at the current time. Most of Reliant Holdings' value examination focuses on studying past and present price action to predict the probability of Reliant Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliant Holdings' price. Additionally, you may evaluate how the addition of Reliant Holdings to your portfolios can decrease your overall portfolio volatility.