Renergen (South Africa) Price on November 27, 2024
| REN Stock | 821.00 21.00 2.49% |
If you're considering investing in Renergen Stock, it is important to understand the factors that can impact its price. As of today, the current price of Renergen stands at 821.00, as last reported on the 1st of December, with the highest price reaching 862.00 and the lowest price hitting 820.00 during the day. Renergen maintains Sharpe Ratio (i.e., Efficiency) of -0.2, which implies the firm had a -0.2% return per unit of risk over the last 3 months. Renergen exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Renergen's Risk Adjusted Performance of (0.15), variance of 6.77, and Coefficient Of Variation of (496.88) to confirm the risk estimate we provide.
Renergen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Renergen |
Sharpe Ratio = -0.2042
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Estimated Market Risk
| 2.51 actual daily | 22 78% of assets are more volatile |
Expected Return
| -0.51 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.2 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Renergen 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 Renergen by adding Renergen to a well-diversified portfolio.
Renergen Valuation on November 27, 2024
It is possible to determine the worth of Renergen on a given historical date. On November 27, 2024 Renergen was worth 914.0 at the beginning of the trading date compared to the closed value of 865.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Renergen stock. Still, in general, we apply an absolute valuation method to find Renergen'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 Renergen where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Renergen's related companies.
| Open | High | Low | Close | Volume | |
| 877.00 | 915.00 | 869.00 | 899.00 | 1,181,761 | |
11/27/2024 | 914.00 | 914.00 | 865.00 | 865.00 | 28,591 |
| 898.00 | 898.00 | 842.00 | 842.00 | 137,698 |
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Renergen Trading Date Momentum on November 27, 2024
| On November 28 2024 Renergen was traded for 842.00 at the closing time. The highest price during the trading period was 898.00 and the lowest recorded bid was listed for 842.00 . The volume for the day was 137.7 K. This history from November 28, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 2.66% . The trading delta at closing time to the current price is 2.66% . |
Renergen Fundamentals Correlations and Trends
By evaluating Renergen'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 Renergen's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Renergen financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Renergen Stock history
Renergen 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 Renergen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Renergen 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 Renergen stock prices may prove useful in developing a viable investing in Renergen
Renergen Stock Technical Analysis
Renergen technical stock 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, stock market cycles, or different charting patterns.
Price Boundaries
Renergen Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Renergen cannot be verified against its exchange. Please verify the symbol is currently traded on Johannesburg 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.
Renergen December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Renergen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Renergen shares will generate the highest return on investment. By undertsting and applying Renergen stock market strength indicators, traders can identify Renergen entry and exit signals to maximize returns
Renergen Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Renergen's price direction in advance. Along with the technical and fundamental analysis of Renergen Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Renergen 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 | (0.15) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (0.97) | |||
| Treynor Ratio | (1.26) |
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| Volume Indicators |
Complementary Tools for Renergen Stock analysis
When running Renergen's price analysis, check to measure Renergen'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 Renergen is operating at the current time. Most of Renergen's value examination focuses on studying past and present price action to predict the probability of Renergen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renergen's price. Additionally, you may evaluate how the addition of Renergen to your portfolios can decrease your overall portfolio volatility.
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