Reliance Global Group Stock Price on March 5, 2024
| RELIW Stock | USD 0.1 0.0001 0.10% |
If you're considering investing in Reliance Stock, it is important to understand the factors that can impact its price. As of today, the current price of Reliance Global stands at 0.1, as last reported on the 19th of May, with the highest price reaching 0.10 and the lowest price hitting 0.06 during the day. Reliance Global is out of control given 3 months investment horizon. Reliance Global Group maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. We were able to collect and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 5.41% are justified by taking the suggested risk. Use Reliance Global Coefficient Of Variation of 579.55, risk adjusted performance of 0.1109, and Semi Deviation of 16.5 to evaluate company specific risk that cannot be diversified away.
At this time, Reliance Global's Total Stockholder Equity is fairly stable compared to the past year. Common Stock Total Equity is likely to climb to about 438.9 K in 2024, whereas Common Stock is likely to drop slightly above 257.5 K in 2024. . Price Earnings To Growth Ratio is likely to climb to 0 in 2024, whereas Price To Sales Ratio is likely to drop 0.10 in 2024. Reliance Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Reliance |
Sharpe Ratio = 0.1597
| Best Portfolio | Best Equity | RELIW | ||
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Estimated Market Risk
| 33.88 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.04 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Reliance Global is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Reliance Global by adding it to a well-diversified portfolio.
Shares Float 5 M | Market Capitalization 39.2 M | Shares Short Prior Month 3 K | Shares Short 3.1 K | Revenue Per Share 4.869 |
Reliance Global Main Headline on 5th of March 2024
Insurance Stocks Moving In Tuesdays Intraday Session By Benz... by news.google.com
Insurance Stocks Moving In Tuesdays Intraday Session By Benzinga Investing.com UK
Reliance Global Valuation on March 5, 2024
It is possible to determine the worth of Reliance Global on a given historical date. On March 5, 2024 Reliance was worth 0.0857 at the beginning of the trading date compared to the closed value of 0.0857. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Reliance Global stock. Still, in general, we apply an absolute valuation method to find Reliance Global's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Reliance Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Reliance Global's related companies.
| Open | High | Low | Close | Volume | |
| 0.05 | 0.09 | 0.05 | 0.09 | 20,909 | |
03/05/2024 | 0.09 | 0.09 | 0.09 | 0.09 | 3.00 |
| 0.09 | 0.09 | 0.07 | 0.07 | 54,050 |
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Reliance Global Trading Date Momentum on March 5, 2024
| On March 19 2024 Reliance Global Group was traded for 0.07 at the closing time. The highest daily price throughout the period was 0.09 and the lowest price was 0.07 . The daily volume was 54 K. The net trading volume on 03/19/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 18.32% . The trading delta at closing time to current closing price is 0.00% . |
Reliance Global Group Fundamentals Correlations and Trends
By evaluating Reliance Global's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Reliance Global's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Reliance financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Reliance Global Stock history
Reliance Global investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Reliance is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Reliance Global Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Reliance Global stock prices may prove useful in developing a viable investing in Reliance Global
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 2.8 M | 3 M | |
| Net Loss | -3.3 M | -3.5 M |
Reliance Global Stock Technical Analysis
Reliance Global 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.
Price Boundaries
Reliance Global Period Price Range
Low | March 5, 2024
| High |
0.09 | 0.09 |
Reliance Global May 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Reliance Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Reliance Global shares will generate the highest return on investment. By undertsting and applying Reliance Global stock market strength indicators, traders can identify Reliance Global Group entry and exit signals to maximize returns
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 0.0857 | |||
| Day Typical Price | 0.0857 | |||
| Period Momentum Indicator | 0.0132 |
Reliance Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Reliance Global's price direction in advance. Along with the technical and fundamental analysis of Reliance Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Reliance to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1109 | |||
| Jensen Alpha | 6.21 | |||
| Total Risk Alpha | 0.6978 | |||
| Sortino Ratio | 0.2071 | |||
| Treynor Ratio | (6.58) |
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| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Global Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Reliance Stock analysis
When running Reliance Global's price analysis, check to measure Reliance Global'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 Global is operating at the current time. Most of Reliance Global's value examination focuses on studying past and present price action to predict the probability of Reliance Global'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 Global's price. Additionally, you may evaluate how the addition of Reliance Global to your portfolios can decrease your overall portfolio volatility.
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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 4.869 | Quarterly Revenue Growth 0.095 | Return On Assets (0.09) | Return On Equity (1.25) |
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.