Renova Energia (Brazil) Price on September 19, 2024

RNEW3 Stock  BRL 0.99  0.02  2.06%   
If you're considering investing in Renova Stock, it is important to understand the factors that can impact its price. As of today, the current price of Renova Energia stands at 0.99, as last reported on the 4th of December, with the highest price reaching 0.99 and the lowest price hitting 0.96 during the day. Renova Energia SA maintains Sharpe Ratio (i.e., Efficiency) of -0.0059, which implies the firm had a -0.0059% return per unit of risk over the last 3 months. Renova Energia SA exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Renova Energia's Coefficient Of Variation of 29431.54, risk adjusted performance of 0.0104, and Semi Deviation of 2.98 to confirm the risk estimate we provide.
  
Renova Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0059

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Estimated Market Risk

 3.45
  actual daily
30
70% of assets are more volatile

Expected Return

 -0.02
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Renova Energia 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 Renova Energia by adding Renova Energia to a well-diversified portfolio.

Renova Energia Valuation on September 19, 2024

It is possible to determine the worth of Renova Energia on a given historical date. On September 19, 2024 Renova was worth 0.97 at the beginning of the trading date compared to the closed value of 0.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Renova Energia stock. Still, in general, we apply an absolute valuation method to find Renova Energia'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 Renova Energia where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Renova Energia's related companies.
 Open High Low Close Volume
  0.99    1.00    0.95    0.97    107,400  
09/19/2024
  0.97    1.01    0.96    0.96    27,200  
  0.97    0.98    0.94    0.98    44,500  
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Open Value
0.97
0.96
Closing Value
11.31
Upside

Renova Energia Trading Date Momentum on September 19, 2024

On September 20 2024 Renova Energia SA was traded for  0.98  at the closing time. The highest price during the trading period was 0.98  and the lowest recorded bid was listed for  0.94 . The volume for the day was 44.5 K. This history from September 20, 2024 contributed to the next trading day price appreciation. The trading delta at closing time to the next closing price was 2.08% . The trading delta at closing time to the current price is 19.79% .

Renova Energia SA Fundamentals Correlations and Trends

By evaluating Renova Energia'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 Renova Energia's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Renova financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Renova Energia Stock history

Renova Energia 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 Renova is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Renova Energia SA 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 Renova Energia stock prices may prove useful in developing a viable investing in Renova Energia
Renova Energia S.A. develops, implements, and operates projects for the generation of energy from renewable sources in Brazil. The company was founded in 2001 and is based in So Paulo, Brazil. RENOVA ON is traded on Sao Paolo Stock Exchange in Brazil.

Renova Energia Stock Technical Analysis

Renova Energia 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.
A focus of Renova Energia technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Renova Energia trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Renova Energia Period Price Range

Low
December 4, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Renova Energia SA cannot be verified against its exchange. Please verify the symbol is currently traded on Sao Paulo 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.

Renova Energia December 4, 2024 Market Strength

Market strength indicators help investors to evaluate how Renova Energia stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Renova Energia shares will generate the highest return on investment. By undertsting and applying Renova Energia stock market strength indicators, traders can identify Renova Energia SA entry and exit signals to maximize returns

Renova Energia Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Renova Energia's price direction in advance. Along with the technical and fundamental analysis of Renova Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Renova 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.

Additional Tools for Renova Stock Analysis

When running Renova Energia's price analysis, check to measure Renova Energia'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 Renova Energia is operating at the current time. Most of Renova Energia's value examination focuses on studying past and present price action to predict the probability of Renova Energia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renova Energia's price. Additionally, you may evaluate how the addition of Renova Energia to your portfolios can decrease your overall portfolio volatility.