How to get reliance data from Yahoo Finance in Python?
Forecasting the stock price of Reliance Industries Limited (Reliance) or any other stock involves predicting its future price movements based on historical data, technical analysis, fundamental analysis, and sometimes machine learning models. Forecasting the stock price of Reliance Industries Limited, like any other publicly traded company, involves a combination of fundamental and technical analysis, market sentiment, and external factors.
Here's a general overview of how one might approach forecasting the stock price of Reliance:
Fundamental Analysis: This involves examining the financial health and performance of Reliance Industries. Key factors include:
a. Earnings Reports: Review quarterly and annual financial reports to assess revenue growth, profit margins, and earnings per share (EPS).
b. Balance Sheet: Analyzing the company's assets, liabilities, and equity to gauge its financial stability and leverage.
c. Cash Flow: Evaluating the company's cash flow statements to understand its ability to generate cash and fund operations and investments.
d. Dividends: Consideration of dividend history and the company's dividend policy, which can impact investor sentiment.
e. Competitive Position: Assessing how Reliance Industries compares to competitors in its industry, including market share, product diversification, and growth prospects.
f. Industry Trends: Understanding trends and dynamics in the industries in which Reliance operates, such as telecommunications, petrochemicals, and retail.
Technical Analysis: Technical analysts use historical stock price charts, patterns, and technical indicators to predict future price movements. Common tools include moving averages, Relative Strength Index (RSI), and Bollinger Bands.
Market Sentiment: Sentiment analysis involves assessing how investors perceive Reliance Industries and its stock. News, social media, and analyst reports can provide insight into market sentiment.
External Factors: Factors beyond Reliance's control can influence its stock price. These include changes in government regulations, economic conditions, global commodity prices (since Reliance has interests in petrochemicals), and geopolitical events.
Management and Strategy: Evaluating the leadership of Reliance Industries, including the vision and strategies of its top executives, can provide insights into the company's future prospects.
Macroeconomic Trends: Broader economic indicators, such as GDP growth, inflation rates, and interest rates, can affect the overall stock market and, by extension, Reliance's stock.
Analyst Forecasts: Analysts from financial institutions often provide forecasts and recommendations for Reliance Industries' stock. These can be valuable inputs into the forecasting process.
Machine Learning and AI: Some investors and analysts use advanced techniques, including machine learning and artificial intelligence, to model and predict stock price movements based on historical data and various factors.
It's essential to remember that stock price forecasting is inherently uncertain, and past performance is not necessarily indicative of future results. Therefore, investors should use forecasts as one of many tools to inform their investment decisions and consider diversifying their portfolios to manage risk.
Additionally, consulting with financial professionals, conducting thorough research, and staying informed about the latest developments related to Reliance Industries and its industry can help in making more informed investment decisions.
Here are steps you can follow to create a basic stock price forecast for Reliance in Python:
Import Libraries:
Start by importing the necessary Python libraries for data analysis, visualization, and modeling:
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import pandas as pd
import numpy as np
import matplotlib.pyplot as plt
import yfinance as yf
from sklearn.model_selection import train_test_split
from sklearn.linear_model import LinearRegression
Data Retrieval:
Use the yfinance library or another financial data source to fetch historical price data for Reliance:
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reliance = yf.download('RELIANCE.NS', start='2020-01-01', end='2021-12-31')
Data Preprocessing:
Preprocess the data by selecting the relevant features (usually 'Adj Close' price), and create a target variable by shifting the price to represent future values. You can also add additional features if needed.
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reliance['Next_Close'] = reliance['Adj Close'].shift(-1) # Shift the price for prediction
Data Visualization:
Visualize the historical price data to get an idea of Reliance's price trends:
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plt.figure(figsize=(12, 6))
plt.plot(reliance.index, reliance['Adj Close'], label='Reliance Stock Price')
plt.title('Reliance Stock Price')
plt.xlabel('Date')
plt.ylabel('Price')
plt.legend()
plt.show()
Feature Selection:
Select the features you want to use for forecasting. In this basic example, you can use 'Adj Close' as the only feature.
Data Splitting:
Split the dataset into training and testing sets. The training set will be used to train the model, and the testing set will be used to evaluate its performance:
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X = reliance[['Adj Close']]
y = reliance['Next_Close']
X_train, X_test, y_train, y_test = train_test_split(X, y, test_size=0.2, random_state=42)
Model Building:
Build a simple linear regression model to forecast future prices based on historical prices:
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model = LinearRegression()
model.fit(X_train, y_train)
Model Evaluation:
Evaluate the model's performance on the testing data:
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y_pred = model.predict(X_test)
Visualization of Predictions:
Visualize the model's predictions compared to the actual prices:
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plt.figure(figsize=(12, 6))
plt.plot(reliance.index[-len(y_test):], y_test, label='Actual Prices', color='blue')
plt.plot(reliance.index[-len(y_test):], y_pred, label='Predicted Prices', color='red')
plt.title('Reliance Stock Price Prediction')
plt.xlabel('Date')
plt.ylabel('Price')
plt.legend()
plt.show()
Forecasting:
Use the trained model to make forecasts for future prices based on new data. You can predict the next day's price or multiple days into the future.
Please note that this is a basic example of stock price forecasting using linear regression. More complex models and additional features may be required for accurate forecasting. Additionally, stock price forecasting is inherently uncertain, and predictions should be used cautiously for investment decisions.
df= yf.download('RELIANCE.NS',start='2012-01-01',end='2021-09-04',
progress =False)
What are alternative sources to get financial data?
There are a number of alternative sources like Quandal, Intinio, and google.
df.reset_index(drop=False, inplace=True)
df.rename(columns={'Date': 'ds', 'Adj Close': 'y'}, inplace=True)
df=DataFrame(df)
df
index | ds | Open | High | Low | Close | y | Volume | |
---|---|---|---|---|---|---|---|---|
0 | 0 | 2012-01-02 | 345.128540 | 351.542725 | 340.348846 | 349.957764 | 323.036774 | 8679938 |
1 | 1 | 2012-01-03 | 352.780975 | 360.037201 | 351.839905 | 358.922760 | 331.312103 | 9455771 |
2 | 2 | 2012-01-04 | 360.284851 | 362.043182 | 353.325836 | 354.712677 | 327.425934 | 8557084 |
3 | 3 | 2012-01-05 | 354.143066 | 359.071350 | 343.791199 | 346.465851 | 319.813477 | 13364666 |
4 | 4 | 2012-01-06 | 345.252350 | 358.600830 | 345.054230 | 355.406097 | 328.065948 | 9495456 |
... | ... | ... | ... | ... | ... | ... | ... | ... |
2377 | 2377 | 2021-08-30 | 2250.000000 | 2275.850098 | 2236.800049 | 2270.250000 | 2270.250000 | 6473487 |
2378 | 2378 | 2021-08-31 | 2276.899902 | 2283.750000 | 2242.250000 | 2258.149902 | 2258.149902 | 12223037 |
2379 | 2379 | 2021-09-01 | 2273.000000 | 2292.899902 | 2263.000000 | 2267.100098 | 2267.100098 | 5143640 |
2380 | 2380 | 2021-09-02 | 2255.000000 | 2307.800049 | 2255.000000 | 2294.399902 | 2294.399902 | 4595048 |
2381 | 2381 | 2021-09-03 | 2310.000000 | 2395.000000 | 2302.500000 | 2388.500000 | 2388.500000 | 14151629 |
2382 rows × 8 columns
train_indices = df.ds.apply(lambda x: x.year) < 2021
df_train = df.loc[train_indices].dropna()
df_test = df.loc[~train_indices].reset_index(drop=True)
model_prophet = Prophet(seasonality_mode='additive')
model_prophet.add_seasonality(name='monthly', period=30.5,
fourier_order=5)
How to plot the close price of 2022 reliance?
model_prophet.fit(df_train)
df_future = model_prophet.make_future_dataframe(periods=365)
df_pred = model_prophet.predict(df_future)
model_prophet.plot(df_pred)
model_prophet.plot_components(df_pred)
df_yah= yf.download('RELIANCE.NS',start='2012-01-01',end='2021-09-04',
progress =False)
import pandas as pd
import numpy as np
from pandas import Series, DataFrame
data=DataFrame(df_yah)
data
Open | High | Low | Close | Adj Close | Volume | |
---|---|---|---|---|---|---|
Date | ||||||
2012-01-02 | 345.128540 | 351.542725 | 340.348846 | 349.957764 | 323.036774 | 8679938 |
2012-01-03 | 352.780975 | 360.037201 | 351.839905 | 358.922760 | 331.312103 | 9455771 |
2012-01-04 | 360.284851 | 362.043182 | 353.325836 | 354.712677 | 327.425934 | 8557084 |
2012-01-05 | 354.143066 | 359.071350 | 343.791199 | 346.465851 | 319.813477 | 13364666 |
2012-01-06 | 345.252350 | 358.600830 | 345.054230 | 355.406097 | 328.065948 | 9495456 |
... | ... | ... | ... | ... | ... | ... |
2021-08-30 | 2250.000000 | 2275.850098 | 2236.800049 | 2270.250000 | 2270.250000 | 6473487 |
2021-08-31 | 2276.899902 | 2283.750000 | 2242.250000 | 2258.149902 | 2258.149902 | 12223037 |
2021-09-01 | 2273.000000 | 2292.899902 | 2263.000000 | 2267.100098 | 2267.100098 | 5143640 |
2021-09-02 | 2255.000000 | 2307.800049 | 2255.000000 | 2294.399902 | 2294.399902 | 4595048 |
2021-09-03 | 2310.000000 | 2395.000000 | 2302.500000 | 2388.500000 | 2388.500000 | 14151629 |
2382 rows × 6 columns
DataFrame(data, columns=['Close', 'Volume'])
Close | Volume | |
---|---|---|
Date | ||
2012-01-02 | 349.957764 | 8679938 |
2012-01-03 | 358.922760 | 9455771 |
2012-01-04 | 354.712677 | 8557084 |
2012-01-05 | 346.465851 | 13364666 |
2012-01-06 | 355.406097 | 9495456 |
... | ... | ... |
2021-08-30 | 2270.250000 | 6473487 |
2021-08-31 | 2258.149902 | 12223037 |
2021-09-01 | 2267.100098 | 5143640 |
2021-09-02 | 2294.399902 | 4595048 |
2021-09-03 | 2388.500000 | 14151629 |
2382 rows × 2 columns
frame2=DataFrame(data,columns=['Close'])
frame2
Close | |
---|---|
Date | |
2012-01-02 | 349.957764 |
2012-01-03 | 358.922760 |
2012-01-04 | 354.712677 |
2012-01-05 | 346.465851 |
2012-01-06 | 355.406097 |
... | ... |
2021-08-30 | 2270.250000 |
2021-08-31 | 2258.149902 |
2021-09-01 | 2267.100098 |
2021-09-02 | 2294.399902 |
2021-09-03 | 2388.500000 |
2382 rows × 1 column
import cufflinks as cf
from plotly.offline import iplot, init_notebook_mode
init_notebook_mode()
goog = data.resample('M') \
.last() \
.rename(columns={'Adj Close': 'adj_close'}) \
.adj_close
goog # convert daily into monthly goog(RIL)
Date
2012-01-31 373.580566
2012-02-29 375.249329
2012-03-31 343.176544
2012-04-30 340.661957
2012-05-31 326.532379
...
2021-05-31 2153.372803
2021-06-30 2110.649902
2021-07-31 2035.300049
2021-08-31 2258.149902
2021-09-30 2388.500000
Freq: M, Name: adj_close, Length: 117, dtype: float64
train_indices = goog.index.year < 2021
goog_train = goog[train_indices]
goog_test = goog[~train_indices]
test_length = len(goog_test)
goog.plot(title="Relian's Stock Price");
How to plot daily stock returns?
ses_1 = SimpleExpSmoothing(goog_train).fit(smoothing_level=0.2)
ses_forecast_1 = ses_1.forecast(test_length)
ses_2 = SimpleExpSmoothing(goog_train).fit(smoothing_level=0.5)
ses_forecast_2 = ses_2.forecast(test_length)
ses_3 = SimpleExpSmoothing(goog_train).fit()
alpha = ses_3.model.params['smoothing_level']
ses_forecast_3 = ses_3.forecast(test_length)
goog.plot(color="g",
title='Simple Exponential Smoothing',
label='Actual',
legend=True)
ses_forecast_1.plot(color="r", legend=True,
label=r'$\alpha=0.2$')
ses_1.fittedvalues.plot(color="r")
ses_forecast_2.plot(color="k", legend=True,
label=r'$\alpha=0.5$')
ses_2.fittedvalues.plot(color="k")
ses_forecast_3.plot(color="b", legend=True,
label=r'$\alpha={0:.4f}$'.format(alpha))
ses_3.fittedvalues.plot(color="b")
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