ReNew Energy Stock Forecast - Simple Exponential Smoothing
| RNWWW Stock | USD 0.01 0 14.29% |
ReNew Stock outlook is based on your current time horizon.
At this time, the value of RSI of ReNew Energy's share price is approaching 37 indicating that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling ReNew Energy, making its price go up or down. Momentum 37
Sell Extended
Oversold | Overbought |
Using ReNew Energy hype-based prediction, you can estimate the value of ReNew Energy Global from the perspective of ReNew Energy response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of ReNew Energy Global on the next trading day is expected to be 0.01 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.1. ReNew Energy after-hype prediction price | USD 0.007379 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of ReNew Energy to cross-verify your projections. ReNew Energy Additional Predictive Modules
Most predictive techniques to examine ReNew price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for ReNew using various technical indicators. When you analyze ReNew charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ReNew Energy Simple Exponential Smoothing Price Forecast For the 27th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of ReNew Energy Global on the next trading day is expected to be 0.01 with a mean absolute deviation of 0, mean absolute percentage error of 0.00000784, and the sum of the absolute errors of 0.1.Please note that although there have been many attempts to predict ReNew Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that ReNew Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
ReNew Energy Stock Forecast Pattern
| Backtest ReNew Energy | ReNew Energy Price Prediction | Buy or Sell Advice |
ReNew Energy Forecasted Value
In the context of forecasting ReNew Energy's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. ReNew Energy's downside and upside margins for the forecasting period are 0.00006 and 23.02, respectively. We have considered ReNew Energy's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of ReNew Energy stock data series using in forecasting. Note that when a statistical model is used to represent ReNew Energy stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 104.5158 |
| Bias | Arithmetic mean of the errors | 5.0E-4 |
| MAD | Mean absolute deviation | 0.0016 |
| MAPE | Mean absolute percentage error | 0.147 |
| SAE | Sum of the absolute errors | 0.0987 |
Predictive Modules for ReNew Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ReNew Energy Global. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ReNew Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ReNew Energy After-Hype Price Density Analysis
As far as predicting the price of ReNew Energy at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in ReNew Energy or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of ReNew Energy, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
ReNew Energy Estimiated After-Hype Price Volatility
In the context of predicting ReNew Energy's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on ReNew Energy's historical news coverage. ReNew Energy's after-hype downside and upside margins for the prediction period are 0.00 and 38.22, respectively. We have considered ReNew Energy's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
ReNew Energy is out of control at this time. Analysis and calculation of next after-hype price of ReNew Energy Global is based on 3 months time horizon.
ReNew Energy Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as ReNew Energy is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading ReNew Energy backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with ReNew Energy, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.54 | 23.01 | 0.00 | 0.03 | 0 Events / Month | 3 Events / Month | Within a week |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
0.01 | 0.01 | 22.99 |
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ReNew Energy Hype Timeline
ReNew Energy Global is at this time traded for 0.01. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.03. ReNew is anticipated to increase in value after the next headline, with the price projected to jump to 0.007379 or above. The average volatility of media hype impact on the company the price is insignificant. The price increase on the next news is projected to be 22.99%, whereas the daily expected return is at this time at -0.54%. The volatility of related hype on ReNew Energy is about 47937.5%, with the expected price after the next announcement by competition of 0.04. ReNew Energy Global has accumulated 732.28 B in total debt with debt to equity ratio (D/E) of 4.53, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. ReNew Energy Global has a current ratio of 1.49, which is within standard range for the sector. Note, when we think about ReNew Energy's use of debt, we should always consider it together with its cash and equity.Assuming the 90 days horizon the next anticipated press release will be within a week. Check out Historical Fundamental Analysis of ReNew Energy to cross-verify your projections.ReNew Energy Related Hype Analysis
Having access to credible news sources related to ReNew Energy's direct competition is more important than ever and may enhance your ability to predict ReNew Energy's future price movements. Getting to know how ReNew Energy's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how ReNew Energy may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| NRGV | Energy Vault Holdings | (0.02) | 2 per month | 5.06 | 0.15 | 13.46 | (8.15) | 40.66 | |
| EAI | Entergy Arkansas LLC | 0.00 | 0 per month | 0.00 | (0.21) | 0.71 | (0.81) | 2.15 | |
| NEP | NEP Old | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| MSEX | Middlesex Water | 0.55 | 8 per month | 0.00 | (0.1) | 2.65 | (3.32) | 15.79 | |
| UTL | UNITIL | 0.17 | 6 per month | 0.00 | (0.07) | 1.70 | (2.27) | 7.11 | |
| ETI | BNP Paribas Easy | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| EDN | Empresa Distribuidora y | 0.00 | 0 per month | 3.26 | 0.04 | 8.93 | (5.43) | 19.85 | |
| WTTR | Select Energy Services | 0.00 | 0 per month | 2.08 | 0.01 | 4.68 | (3.19) | 12.71 | |
| ARIS | Aris Water Solutions | 0.04 | 5 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SPH | Suburban Propane Partners | (0.26) | 11 per month | 1.28 | 0 | 1.69 | (2.51) | 5.44 |
Other Forecasting Options for ReNew Energy
For every potential investor in ReNew, whether a beginner or expert, ReNew Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ReNew Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ReNew. Basic forecasting techniques help filter out the noise by identifying ReNew Energy's price trends.ReNew Energy Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ReNew Energy stock to make a market-neutral strategy. Peer analysis of ReNew Energy could also be used in its relative valuation, which is a method of valuing ReNew Energy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ReNew Energy Market Strength Events
Market strength indicators help investors to evaluate how ReNew Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ReNew Energy shares will generate the highest return on investment. By undertsting and applying ReNew Energy stock market strength indicators, traders can identify ReNew Energy Global entry and exit signals to maximize returns.
| Rate Of Daily Change | 0.86 | |||
| Day Median Price | 0.006 | |||
| Day Typical Price | 0.006 | |||
| Price Action Indicator | (0.0005) | |||
| Period Momentum Indicator | (0) | |||
| Relative Strength Index | 37.95 |
ReNew Energy Risk Indicators
The analysis of ReNew Energy's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in ReNew Energy's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting renew stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 19.09 | |||
| Semi Deviation | 15.38 | |||
| Standard Deviation | 38.21 | |||
| Variance | 1460.28 | |||
| Downside Variance | 511.51 | |||
| Semi Variance | 236.44 | |||
| Expected Short fall | (38.00) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for ReNew Energy
The number of cover stories for ReNew Energy depends on current market conditions and ReNew Energy's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that ReNew Energy is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about ReNew Energy's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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ReNew Energy Short Properties
ReNew Energy's future price predictability will typically decrease when ReNew Energy's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of ReNew Energy Global often depends not only on the future outlook of the potential ReNew Energy's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. ReNew Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 366.4 M | |
| Cash And Short Term Investments | 81.3 B |
Additional Tools for ReNew Stock Analysis
When running ReNew Energy's price analysis, check to measure ReNew Energy'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 ReNew Energy is operating at the current time. Most of ReNew Energy's value examination focuses on studying past and present price action to predict the probability of ReNew Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ReNew Energy's price. Additionally, you may evaluate how the addition of ReNew Energy to your portfolios can decrease your overall portfolio volatility.