Reliance Global Correlations

RELI Stock

USD 1.41 0.04 2.76%

The current 90-days correlation between Reliance Global Group and Biofrontera is -0.11 (i.e., Good diversification). The correlation of Reliance Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Reliance Global Correlation With Market

Good diversification

The correlation between Reliance Global Group and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Reliance Global Group and DJI in the same portfolio, assuming nothing else is changed.

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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 closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Reliance Stock

0.63	C	Citigroup Aggressive Push	Pair Corr
0.8	DIST	Distoken Acquisition	Pair Corr
0.62	CM	Canadian Imperial Bank	Pair Corr
0.67	GS	Goldman Sachs Group	Pair Corr

Moving against Reliance Stock

0.59	EHTH	eHealth	Pair Corr
0.59	GOCO	GoHealth	Pair Corr
0.51	WTW	Willis Towers Watson Earnings Call This Week	Pair Corr
0.5	ERIE	Erie Indemnity Earnings Call This Week	Pair Corr
0.5	MMC	Marsh McLennan Companies	Pair Corr
0.45	ZBAO	Zhibao Technology Class	Pair Corr
0.45	SLQT	Selectquote	Pair Corr
0.44	AJG	Arthur J Gallagher Earnings Call This Week	Pair Corr
0.44	BRO	Brown Brown Earnings Call This Week	Pair Corr
0.34	TIRX	Tian Ruixiang Holdings	Pair Corr
0.31	GSHD	Goosehead Insurance Earnings Call This Week	Pair Corr
0.48	EG	Everest Group	Pair Corr
0.37	FG	FG Annuities Life	Pair Corr
0.63	PX	P10 Inc	Pair Corr
0.41	PT	Pintec Technology	Pair Corr

Related Correlations Analysis

	BFRI	BRO	GOCO	ISPC	LDWY	PTPI	RELIW	SLQT	SOPA	TIRX
BFRI		0.44	0.67	0.24	-0.55	0.36	0.12	0.72	-0.66	-0.37	BFRI
BRO	0.44		0.73	0.47	-0.59	0.7	0.04	0.69	-0.77	0.08	BRO
GOCO	0.67	0.73		0.6	-0.89	0.79	0.2	0.94	-0.91	0.01	GOCO
ISPC	0.24	0.47	0.6		-0.49	0.69	0.22	0.48	-0.52	0.33	ISPC
LDWY	-0.55	-0.59	-0.89	-0.49		-0.81	-0.29	-0.79	0.79	-0.01	LDWY
PTPI	0.36	0.7	0.79	0.69	-0.81		0.29	0.65	-0.71	0.34	PTPI
RELIW	0.12	0.04	0.2	0.22	-0.29	0.29		0.16	-0.17	-0.04	RELIW
SLQT	0.72	0.69	0.94	0.48	-0.79	0.65	0.16		-0.88	-0.13	SLQT
SOPA	-0.66	-0.77	-0.91	-0.52	0.79	-0.71	-0.17	-0.88		0.12	SOPA
TIRX	-0.37	0.08	0.01	0.33	-0.01	0.34	-0.04	-0.13	0.12		TIRX
	BFRI	BRO	GOCO	ISPC	LDWY	PTPI	RELIW	SLQT	SOPA	TIRX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SLQT	+ 0.94	GOCO
PTPI	+ 0.79	GOCO
SOPA	+ 0.79	LDWY
GOCO	+ 0.73	BRO
SLQT	+ 0.72	BFRI
PTPI	+ 0.7	BRO

High negative correlations

SOPA	- 0.91	GOCO
LDWY	- 0.89	GOCO
SOPA	- 0.88	SLQT
PTPI	- 0.81	LDWY
SLQT	- 0.79	LDWY
SOPA	- 0.77	BRO

Risk-Adjusted Indicators

There is a big difference between Reliance Stock performing well and Reliance Global Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Reliance Global's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BFRI	3.78	0.21	0.03	0.61	4.06	(4.89)	8.00	(6.15)	21.94
BRO	1.12	(0.21)	0.00	(0.24)	0.00	0.00	2.12	(2.45)	9.65
GOCO	3.50	(0.90)	0.00	(0.51)	0.00	0.00	7.61	(7.52)	27.08
ISPC	3.46	(0.48)	0.00	(0.23)	0.00	0.00	8.20	(8.87)	19.90
LDWY	2.99	0.39	0.08	0.62	3.77	(3.36)	7.39	(5.86)	24.73
PTPI	11.71	(3.61)	0.00	1.26	0.00	0.00	14.29	(25.00)	210.34
RELIW	31.27	7.85	0.24	(2.34)	25.26	(40.81)	102.84	(45.90)	215.61
SLQT	3.09	(0.73)	0.00	(0.43)	0.00	0.00	5.88	(8.93)	23.65
SOPA	4.62	1.01	0.19	16.29	3.87	(6.25)	10.43	(6.50)	54.75
TIRX	3.26	0.13	0.01	1.47	4.42	(4.00)	8.94	(4.83)	35.32

Reliance Global Corporate Management

Grant Barra	Senior Operations	Profile
Brandon Johnson	Property Lines	Profile
Mark Sisson	Chief Alliance	Profile
Joel CPA	Chief Officer	Profile
Yaakov Beyman	Executive Division	Profile
Jonathan Fortman	Vice Acquisitions	Profile
William Lebovics	Chief Officer	Profile

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