Reliance Net Income Applicable To Common Shares from 2010 to 2024

RELIW Stock  USD 0.07  0.03  60.26%   
Reliance Global Net Loss yearly trend continues to be fairly stable with very little volatility. Net Loss will likely drop to about -3.5 M in 2024. Net Loss is the net income that remains after preferred dividends have been deducted, available to common shareholders. View All Fundamentals
 
Net Loss  
First Reported
2010-12-31
Previous Quarter
-3.3 M
Current Value
-3.5 M
Quarterly Volatility
1.3 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Reliance Global financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Reliance main balance sheet or income statement drivers, such as Depreciation And Amortization of 2.7 M, Interest Expense of 1.6 M or Selling General Administrative of 2.7 M, as well as many exotic indicators such as Price To Sales Ratio of 0.1, Dividend Yield of 0.0 or PTB Ratio of 0.2. Reliance financial statements analysis is a perfect complement when working with Reliance Global Valuation or Volatility modules.
  
This module can also supplement various Reliance Global Technical models . Check out the analysis of Reliance Global Correlation against competitors.

Latest Reliance Global's Net Income Applicable To Common Shares Growth Pattern

Below is the plot of the Net Income Applicable To Common Shares of Reliance Global Group over the last few years. It is the net income that remains after preferred dividends have been deducted, available to common shareholders. Reliance Global's Net Loss historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Reliance Global's overall financial position and show how it may be relating to other accounts over time.
Net Income Applicable To Common Shares10 Years Trend
Slightly volatile
   Net Income Applicable To Common Shares   
       Timeline  

Reliance Net Income Applicable To Common Shares Regression Statistics

Arithmetic Mean(2,085,994)
Coefficient Of Variation(60.27)
Mean Deviation1,186,829
Median(1,096,970)
Standard Deviation1,257,204
Sample Variance1.6T
Range2.6M
R-Value(0.84)
Mean Square Error498B
R-Squared0.71
Significance0.000085
Slope(236,445)
Total Sum of Squares22.1T

Reliance Net Income Applicable To Common Shares History

2024-3.5 M
2023-3.3 M
2020-3.7 M
2019-3.5 M

About Reliance Global Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Reliance Global income statement, its balance sheet, and the statement of cash flows. Reliance Global investors use historical funamental indicators, such as Reliance Global's Net Income Applicable To Common Shares, to determine how well the company is positioned to perform in the future. Although Reliance Global investors may use each financial statement separately, they are all related. The changes in Reliance Global's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Reliance Global's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Reliance Global Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Reliance Global. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Net Loss-3.3 M-3.5 M

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When determining whether Reliance Global Group is a strong investment it is important to analyze Reliance Global's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Reliance Global's future performance. For an informed investment choice regarding Reliance Stock, refer to the following important reports:
Check out the analysis of Reliance Global Correlation against competitors.
You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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Is Reliance Global's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Reliance Global. If investors know Reliance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Reliance Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share
3.406
Quarterly Revenue Growth
0.036
Return On Assets
(0.12)
Return On Equity
(2.57)
The market value of Reliance Global Group is measured differently than its book value, which is the value of Reliance that is recorded on the company's balance sheet. Investors also form their own opinion of Reliance Global's value that differs from its market value or its book value, called intrinsic value, which is Reliance Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Reliance Global's market value can be influenced by many factors that don't directly affect Reliance Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Reliance Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reliance Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliance Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.