Renova Energia Financials
| RNEW3 Stock | BRL 0.97 0.02 2.02% |
Renova |
Please note, the imprecision that can be found in Renova Energia's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Renova Energia SA. Check Renova Energia's Beneish M Score to see the likelihood of Renova Energia's management manipulating its earnings.
Renova Energia Stock Summary
Renova Energia competes with Uber Technologies, Cognizant Technology, Micron Technology, Raytheon Technologies, and Palantir Technologies. Renova Energia S.A. develops, implements, and operates projects for the generation of energy from renewable sources in Brazil. The company was founded in 2001 and is based in So Paulo, Brazil. RENOVA ON is traded on Sao Paolo Stock Exchange in Brazil.| Instrument | Brazil Stock View All |
| Exchange | Sao Paulo Exchange |
| Business Address | Av Roque Petroni |
| Sector | Utilities |
| Industry | Utilities—Renewable |
| Benchmark | Dow Jones Industrial |
| Website | www.renovaenergia.com.br |
| Phone | 55 11 3509 1100 |
| Currency | BRL - Brazilian Real |
You should never invest in Renova Energia without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Renova Stock, because this is throwing your money away. Analyzing the key information contained in Renova Energia's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Renova Energia Key Financial Ratios
There are many critical financial ratios that Renova Energia's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Renova Energia SA reports annually and quarterly.Renova Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Renova Energia's current stock value. Our valuation model uses many indicators to compare Renova Energia value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Renova Energia competition to find correlations between indicators driving Renova Energia's intrinsic value. More Info.Renova Energia SA is currently regarded as top stock in return on asset category among its peers. It also is currently regarded as top stock in profit margin category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Renova Energia's earnings, one of the primary drivers of an investment's value.Renova Energia SA Systematic Risk
Renova Energia's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Renova Energia volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Renova Energia SA correlated with the market. If Beta is less than 0 Renova Energia generally moves in the opposite direction as compared to the market. If Renova Energia Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Renova Energia SA is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Renova Energia is generally in the same direction as the market. If Beta > 1 Renova Energia moves generally in the same direction as, but more than the movement of the benchmark.
Renova Energia December 3, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Renova Energia help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Renova Energia SA. We use our internally-developed statistical techniques to arrive at the intrinsic value of Renova Energia SA based on widely used predictive technical indicators. In general, we focus on analyzing Renova Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Renova Energia's daily price indicators and compare them against related drivers.
| Downside Deviation | 3.26 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 20.12 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 5.5 |
Additional Tools for Renova Stock Analysis
When running Renova Energia's price analysis, check to measure Renova Energia'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 Renova Energia is operating at the current time. Most of Renova Energia's value examination focuses on studying past and present price action to predict the probability of Renova Energia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renova Energia's price. Additionally, you may evaluate how the addition of Renova Energia to your portfolios can decrease your overall portfolio volatility.