Renaissancere Holdings Preferred Stock Probability of Future Preferred Stock Price Finishing Over 18.84
| RNR-PG Preferred Stock | 18.40 0.31 1.71% |
RenaissanceRe |
RenaissanceRe Holdings Target Price Odds to finish over 18.84
The tendency of RenaissanceRe Preferred Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over 18.84 or more in 90 days |
| 18.40 | 90 days | 18.84 | under 4 |
Based on a normal probability distribution, the odds of RenaissanceRe Holdings to move over 18.84 or more in 90 days from now is under 4 (This RenaissanceRe Holdings probability density function shows the probability of RenaissanceRe Preferred Stock to fall within a particular range of prices over 90 days) . Probability of RenaissanceRe Holdings price to stay between its current price of 18.40 and 18.84 at the end of the 90-day period is about 51.45 .
Assuming the 90 days trading horizon RenaissanceRe Holdings has a beta of -0.008 indicating as returns on the benchmark increase, returns on holding RenaissanceRe Holdings are expected to decrease at a much lower rate. During a bear market, however, RenaissanceRe Holdings is likely to outperform the market. Additionally RenaissanceRe Holdings has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. RenaissanceRe Holdings Price Density |
| Price |
Predictive Modules for RenaissanceRe Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as RenaissanceRe Holdings. Regardless of method or technology, however, to accurately forecast the preferred stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the preferred 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.RenaissanceRe Holdings Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. RenaissanceRe Holdings is not an exception. The market had few large corrections towards the RenaissanceRe Holdings' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold RenaissanceRe Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of RenaissanceRe Holdings within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | -0.008 | |
σ | Overall volatility | 0.23 | |
Ir | Information ratio | -0.24 |
RenaissanceRe Holdings Technical Analysis
RenaissanceRe Holdings' future price can be derived by breaking down and analyzing its technical indicators over time. RenaissanceRe Preferred Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of RenaissanceRe Holdings. In general, you should focus on analyzing RenaissanceRe Preferred Stock price patterns and their correlations with different microeconomic environments and drivers.
RenaissanceRe Holdings Predictive Forecast Models
RenaissanceRe Holdings' time-series forecasting models is one of many RenaissanceRe Holdings' preferred stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary RenaissanceRe Holdings' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the preferred stock market movement and maximize returns from investment trading.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards RenaissanceRe Holdings in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, RenaissanceRe Holdings' short interest history, or implied volatility extrapolated from RenaissanceRe Holdings options trading.