Reliance Securities (Indonesia) Market Value
| RELI Stock | IDR 480.00 6.00 1.27% |
| 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.
| 04/07/2024 |
| 05/07/2024 |
If you would invest 0.00 in Reliance Securities on April 7, 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 | 3.15 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 32.69 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 5.21 |
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 | 0.0104 | |||
| Jensen Alpha | 0.0863 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Reliance Securities' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Reliance Securities Tbk Backtested Returns
We consider Reliance Securities very steady. Reliance Securities Tbk maintains Sharpe Ratio (i.e., Efficiency) of 0.0226, which implies the firm had a 0.0226% 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' Coefficient Of Variation of 32412.82, risk adjusted performance of 0.0104, and Semi Deviation of 2.41 to confirm if the risk estimate we provide is consistent with the expected return of 0.0955%. Reliance Securities has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of -1.28, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Reliance Securities are expected to decrease by larger amounts. On the other hand, during market turmoil, Reliance Securities is expected to outperform it. Reliance Securities Tbk right now holds a risk of 4.22%. 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 | -0.49 |
Modest reverse predictability
Reliance Securities Tbk has modest reverse predictability. Overlapping area represents the amount of predictability between Reliance Securities time series from 7th of April 2024 to 22nd of April 2024 and 22nd of April 2024 to 7th of May 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 -0.49 indicates that about 49.0% of current Reliance Securities price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
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 |
Currently Active Assets on Macroaxis
Check out Reliance Securities Correlation, Reliance Securities Volatility and Reliance Securities Alpha and Beta module to complement your research on Reliance Securities. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Reliance Stock analysis
When running Reliance Securities' price analysis, check to measure Reliance Securities' 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 Securities is operating at the current time. Most of Reliance Securities' value examination focuses on studying past and present price action to predict the probability of Reliance Securities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Securities' price. Additionally, you may evaluate how the addition of Reliance Securities to your portfolios can decrease your overall portfolio volatility.
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Reliance Securities technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.