Reliance Worldwide (Australia) Market Value
| RWC Stock | 5.48 0.05 0.90% |
| Symbol | Reliance |
Reliance Worldwide '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 Worldwide's 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 Worldwide.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Reliance Worldwide on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Reliance Worldwide or generate 0.0% return on investment in Reliance Worldwide over 540 days. Reliance Worldwide is related to or competes with Hotel Property, Regal Funds, Macquarie Technology, and Aspire Mining. Reliance Worldwide is entity of Australia More
Reliance Worldwide 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 Worldwide's 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 Worldwide upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.57 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 7.04 | |||
| Value At Risk | (2.28) | |||
| Potential Upside | 2.13 |
Reliance Worldwide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reliance Worldwide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reliance Worldwide's standard deviation. In reality, there are many statistical measures that can use Reliance Worldwide historical prices to predict the future Reliance Worldwide's volatility.| Risk Adjusted Performance | 0.0441 | |||
| Jensen Alpha | 6.0E-4 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1164 |
Reliance Worldwide Backtested Returns
Currently, Reliance Worldwide is somewhat reliable. Reliance Worldwide maintains Sharpe Ratio (i.e., Efficiency) of 0.0188, which implies the firm had a 0.0188% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Reliance Worldwide, which you can use to evaluate the volatility of the company. Please check Reliance Worldwide's Risk Adjusted Performance of 0.0441, semi deviation of 1.45, and Coefficient Of Variation of 1953.48 to confirm if the risk estimate we provide is consistent with the expected return of 0.0276%. Reliance Worldwide has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.57, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Reliance Worldwide's returns are expected to increase less than the market. However, during the bear market, the loss of holding Reliance Worldwide is expected to be smaller as well. Reliance Worldwide right now holds a risk of 1.47%. Please check Reliance Worldwide sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Reliance Worldwide will be following its historical price patterns.
Auto-correlation | 0.46 |
Average predictability
Reliance Worldwide has average predictability. Overlapping area represents the amount of predictability between Reliance Worldwide time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Worldwide price movement. The serial correlation of 0.46 indicates that about 46.0% of current Reliance Worldwide price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Reliance Worldwide lagged returns against current returns
Autocorrelation, which is Reliance Worldwide 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 Worldwide's stock expected returns. We can calculate the autocorrelation of Reliance Worldwide returns to help us make a trade decision. For example, suppose you find that Reliance Worldwide 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 Worldwide 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 Worldwide stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reliance Worldwide stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reliance Worldwide stock over time.
Current vs Lagged Prices |
| Timeline |
Reliance Worldwide Lagged Returns
When evaluating Reliance Worldwide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reliance Worldwide stock have on its future price. Reliance Worldwide 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 Worldwide autocorrelation shows the relationship between Reliance Worldwide stock current value and its past values and can show if there is a momentum factor associated with investing in Reliance Worldwide.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Reliance Stock Analysis
When running Reliance Worldwide's price analysis, check to measure Reliance Worldwide'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 Worldwide is operating at the current time. Most of Reliance Worldwide's value examination focuses on studying past and present price action to predict the probability of Reliance Worldwide'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 Worldwide's price. Additionally, you may evaluate how the addition of Reliance Worldwide to your portfolios can decrease your overall portfolio volatility.