Renaissance International Ipo Etf Price on March 27, 2024
| IPOS Etf | USD 12.41 0.21 1.72% |
Below is the normalized historical share price chart for Renaissance International IPO extending back to October 07, 2014. 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 International stands at 12.41, as last reported on the 1st of December, with the highest price reaching 12.41 and the lowest price hitting 12.38 during the day.
If you're considering investing in Renaissance Etf, it is important to understand the factors that can impact its price. Renaissance International maintains Sharpe Ratio (i.e., Efficiency) of -0.0409, which implies the entity had a -0.0409% return per unit of risk over the last 3 months. Renaissance International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Renaissance International's Coefficient Of Variation of (1,860), risk adjusted performance of (0.04), and Variance of 2.17 to confirm the risk estimate we provide.
Renaissance Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 25.68 | 200 Day MA 13.2596 | 1 y Volatility 17.64 | 50 Day MA 12.5854 | Inception Date 2014-10-06 |
Renaissance |
Sharpe Ratio = -0.0409
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| Negative Returns | IPOS |
Estimated Market Risk
| 1.46 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Renaissance International is not performing at its full potential. However, 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 International by adding Renaissance International to a well-diversified portfolio.
Average Mkt Cap Mil 10.2 K |
Renaissance International Valuation on March 27, 2024
It is possible to determine the worth of Renaissance International on a given historical date. On March 27, 2024 Renaissance was worth 13.58 at the beginning of the trading date compared to the closed value of 13.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Renaissance International etf. Still, in general, we apply an absolute valuation method to find Renaissance International'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 International where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Renaissance International's related companies.
| Open | High | Low | Close | Volume | |
| 13.65 | 13.65 | 13.65 | 13.65 | 64.00 | |
03/27/2024 | 13.58 | 13.61 | 13.58 | 13.61 | 187.00 |
| 13.55 | 13.60 | 13.55 | 13.60 | 2,900 |
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Renaissance International Trading Date Momentum on March 27, 2024
| On March 28 2024 Renaissance International IPO was traded for 13.60 at the closing time. The top price for the day was 13.60 and the lowest listed price was 13.55 . The trading volume for the day was 2.9 K. The trading history from March 28, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.07% . The trading delta at closing time against the current closing price is 3.82% . |
Renaissance International Fundamentals Correlations and Trends
By evaluating Renaissance International'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 International'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 International Etf history
Renaissance International 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 International 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 International stock prices may prove useful in developing a viable investing in Renaissance International
Renaissance International Etf Technical Analysis
Renaissance International 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 International Period Price Range
Low | December 1, 2024
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0.00 | 0.00 |
Renaissance International IPO 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 International December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Renaissance International 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 International shares will generate the highest return on investment. By undertsting and applying Renaissance International etf market strength indicators, traders can identify Renaissance International IPO entry and exit signals to maximize returns
Renaissance International Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Renaissance International'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 | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.18) |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Renaissance International IPO. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
The market value of Renaissance International 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 International's value that differs from its market value or its book value, called intrinsic value, which is Renaissance International'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 International's market value can be influenced by many factors that don't directly affect Renaissance International'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 International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Renaissance International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renaissance International'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.