Renaissance Ipo Etf Performance
| IPO Etf | USD 47.00 0.88 1.91% |
The etf holds a Beta of 1.13, which implies a somewhat significant risk relative to the market. Renaissance IPO returns are very sensitive to returns on the market. As the market goes up or down, Renaissance IPO is expected to follow.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Renaissance IPO ETF are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of very uncertain basic indicators, Renaissance IPO displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | IPO Roundup Guardian Pharmacy Services, BKV Corp and more | 09/23/2024 |
2 | Septerna, hypoparathyroidism drug developer, files for 100M IPO | 10/03/2024 |
3 | IPO Roundup Ingram Micro Holdings, Peak Resources and more | 10/21/2024 |
4 | IPO Roundup Heritage Distilling, Transten Global and more | 11/04/2024 |
5 | IPO Roundup Pony AI, Brazil Potash and more | 11/18/2024 |
6 | Cannabis company Papa Medical files for 27.6M IPO | 11/22/2024 |
| In Threey Sharp Ratio | -0.41 |
Renaissance |
Renaissance IPO Relative Risk vs. Return Landscape
If you would invest 4,120 in Renaissance IPO ETF on August 28, 2024 and sell it today you would earn a total of 580.00 from holding Renaissance IPO ETF or generate 14.08% return on investment over 90 days. Renaissance IPO ETF is generating 0.2159% of daily returns assuming volatility of 1.157% on return distribution over 90 days investment horizon. In other words, 10% of etfs are less volatile than Renaissance, and above 96% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Renaissance IPO Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renaissance IPO's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Renaissance IPO ETF, and traders can use it to determine the average amount a Renaissance IPO's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1866
| Best Portfolio | Best Equity | |||
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| Small Returns | IPO | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.16 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.22 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.
Renaissance IPO Fundamentals Growth
Renaissance Etf prices reflect investors' perceptions of the future prospects and financial health of Renaissance IPO, and Renaissance IPO fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Renaissance Etf performance.
| Return On Equity | -6.57 | |||
| Return On Asset | -0.058 | |||
| Profit Margin | 37.83 % | |||
| Operating Margin | 75.08 % | |||
| Shares Outstanding | 540.68 M | |||
| Price To Earning | 28.19 X | |||
| Price To Book | 1.28 X | |||
| Price To Sales | 3.23 X | |||
| Revenue | 98.3 M | |||
| EBITDA | 9.5 M | |||
| Cash And Equivalents | 94.21 M | |||
| Cash Per Share | (0.07) X | |||
| Debt To Equity | 0.03 % | |||
| Cash Flow From Operations | (37.6 M) | |||
| Earnings Per Share | 0.14 X | |||
| Total Asset | 156.12 M | |||
| Current Asset | 182 M | |||
| Current Liabilities | 3.9 M | |||
About Renaissance IPO Performance
By examining Renaissance IPO's fundamental ratios, stakeholders can obtain critical insights into Renaissance IPO's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Renaissance IPO is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the index. Renaissance IPO is traded on NYSEARCA Exchange in the United States.| The fund generated three year return of -10.0% | |
| Latest headline from seekingalpha.com: Cannabis company Papa Medical files for 27.6M IPO | |
| Renaissance IPO ETF retains 99.71% of its assets under management (AUM) in equities |
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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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.