Renaissance Ipo Etf Price on October 3, 2024
| IPO Etf | USD 47.00 0.88 1.91% |
Below is the normalized historical share price chart for Renaissance IPO ETF extending back to October 16, 2013. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Renaissance IPO stands at 47.00, as last reported on the 26th of November, with the highest price reaching 47.17 and the lowest price hitting 46.68 during the day.
If you're considering investing in Renaissance Etf, it is important to understand the factors that can impact its price. Renaissance IPO appears to be very steady, given 3 months investment horizon. Renaissance IPO ETF maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Renaissance IPO ETF, which you can use to evaluate the volatility of the etf. Please evaluate Renaissance IPO's Semi Deviation of 1.11, risk adjusted performance of 0.1166, and Coefficient Of Variation of 675.71 to confirm if our risk estimates are consistent with your expectations.
Renaissance Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 32.04 | 200 Day MA 40.7931 | 1 y Volatility 27.68 | 50 Day MA 44.0802 | Inception Date 2013-10-16 |
Renaissance |
Sharpe Ratio = 0.1851
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Estimated Market Risk
| 1.15 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Renaissance IPO is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Renaissance IPO by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 15.7 K |
Renaissance IPO Valuation on October 3, 2024
It is possible to determine the worth of Renaissance IPO on a given historical date. On October 3, 2024 Renaissance was worth 41.71 at the beginning of the trading date compared to the closed value of 41.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Renaissance IPO etf. Still, in general, we apply an absolute valuation method to find Renaissance IPO's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Renaissance IPO where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Renaissance IPO's related companies.
| Open | High | Low | Close | Volume | |
| 41.89 | 42.02 | 41.68 | 41.95 | 10,364 | |
10/03/2024 | 41.71 | 41.88 | 41.68 | 41.85 | 11,800 |
| 42.18 | 42.43 | 42.01 | 42.43 | 10,304 |
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Renaissance IPO Trading Date Momentum on October 3, 2024
| On October 04 2024 Renaissance IPO ETF was traded for 42.43 at the closing time. Highest Renaissance IPO's price during the trading hours was 42.43 and the lowest price during the day was 42.01 . The net volume was 10.3 K. The overall trading history on the 4th of October contributed to the next trading period price boost. The trading delta at closing time to the next next day price was 1.39% . The trading delta at closing time to current price is 4.71% . |
Renaissance IPO ETF Fundamentals Correlations and Trends
By evaluating Renaissance IPO's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Renaissance IPO's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Renaissance financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Renaissance IPO Etf history
Renaissance IPO investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Renaissance is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Renaissance IPO ETF will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Renaissance IPO stock prices may prove useful in developing a viable investing in Renaissance IPO
Renaissance IPO Etf Technical Analysis
Renaissance IPO technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
Renaissance IPO Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Renaissance IPO ETF cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Renaissance IPO November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Renaissance IPO etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Renaissance IPO shares will generate the highest return on investment. By undertsting and applying Renaissance IPO etf market strength indicators, traders can identify Renaissance IPO ETF entry and exit signals to maximize returns
Renaissance IPO Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Renaissance IPO's price direction in advance. Along with the technical and fundamental analysis of Renaissance Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Renaissance to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1166 | |||
| Jensen Alpha | 0.0342 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.033 | |||
| Treynor Ratio | 0.15 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Renaissance IPO ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
The market value of Renaissance IPO ETF is measured differently than its book value, which is the value of Renaissance that is recorded on the company's balance sheet. Investors also form their own opinion of Renaissance IPO's value that differs from its market value or its book value, called intrinsic value, which is Renaissance IPO's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Renaissance IPO's market value can be influenced by many factors that don't directly affect Renaissance IPO's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Renaissance IPO's value and its price as these two are different measures arrived at by different means. Investors typically determine if Renaissance IPO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renaissance IPO's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.