Reinet Investments (South Africa) Price on September 3, 2024
| RNI Stock | 47,958 96.00 0.20% |
If you're considering investing in Reinet Stock, it is important to understand the factors that can impact its price. As of today, the current price of Reinet Investments stands at 47,958, as last reported on the 29th of November, with the highest price reaching 48,258 and the lowest price hitting 47,035 during the day. At this point, Reinet Investments is very steady. Reinet Investments SCA maintains Sharpe Ratio (i.e., Efficiency) of 0.0085, which implies the firm had a 0.0085% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Reinet Investments SCA, which you can use to evaluate the volatility of the company. Please check Reinet Investments' Coefficient Of Variation of (2,104,272), variance of 1.41, and Risk Adjusted Performance of 0.0035 to confirm if the risk estimate we provide is consistent with the expected return of 0.0104%.
Reinet Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Reinet |
Sharpe Ratio = 0.0085
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| Negative Returns | RNI |
Estimated Market Risk
| 1.22 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.01 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 Reinet Investments 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 Reinet Investments by adding Reinet Investments to a well-diversified portfolio.
Reinet Investments Valuation on September 3, 2024
It is possible to determine the worth of Reinet Investments on a given historical date. On September 3, 2024 Reinet was worth 47916.04 at the beginning of the trading date compared to the closed value of 47720.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Reinet Investments stock. Still, in general, we apply an absolute valuation method to find Reinet Investments' 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 Reinet Investments where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Reinet Investments' related companies.
| Open | High | Low | Close | Volume | |
| 46,988 | 48,733 | 46,988 | 47,768 | 160,677 | |
09/03/2024 | 47,916 | 48,084 | 47,362 | 47,720 | 280,719 |
| 48,165 | 48,165 | 47,185 | 47,566 | 334,429 |
| Backtest Reinet Investments | | | Reinet Investments History | | | Reinet Investments Valuation | Previous | Next |
Reinet Investments Trading Date Momentum on September 3, 2024
| On September 04 2024 Reinet Investments SCA was traded for 47,566 at the closing time. The highest price during the trading period was 48,165 and the lowest recorded bid was listed for 47,185 . The volume for the day was 334.4 K. This history from September 4, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.32% . The trading delta at closing time to the current price is 0.27% . |
Reinet Investments SCA Fundamentals Correlations and Trends
By evaluating Reinet Investments' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Reinet Investments' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Reinet financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Reinet Investments Stock history
Reinet Investments 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 Reinet is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Reinet Investments SCA 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 Reinet Investments stock prices may prove useful in developing a viable investing in Reinet Investments
Reinet Investments Stock Technical Analysis
Reinet Investments 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
Reinet Investments Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Reinet Investments SCA 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.
Reinet Investments November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Reinet Investments stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Reinet Investments shares will generate the highest return on investment. By undertsting and applying Reinet Investments stock market strength indicators, traders can identify Reinet Investments SCA entry and exit signals to maximize returns
Reinet Investments Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Reinet Investments' price direction in advance. Along with the technical and fundamental analysis of Reinet Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Reinet 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 | 0.0035 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.08) |
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| Volume Indicators |
Complementary Tools for Reinet Stock analysis
When running Reinet Investments' price analysis, check to measure Reinet Investments' 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 Reinet Investments is operating at the current time. Most of Reinet Investments' value examination focuses on studying past and present price action to predict the probability of Reinet Investments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reinet Investments' price. Additionally, you may evaluate how the addition of Reinet Investments to your portfolios can decrease your overall portfolio volatility.
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