Naranja Renta is trading at 51.82 as of the 24th of November 2024, a 0.06% increase since the beginning of the trading day. The fund's open price was 51.79. Naranja Renta has hardly any chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Naranja Renta Fija are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of October 2024 and ending today, the 24th of November 2024. Click here to learn more.
Although Naranja Renta's alpha and beta are two of the key measurements used to evaluate Naranja Renta's performance over the market, the standard measures of volatility play an important role as well.
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 Naranja Renta fund to make a market-neutral strategy. Peer analysis of Naranja Renta could also be used in its relative valuation, which is a method of valuing Naranja Renta by comparing valuation metrics with similar companies.