Renova Energia (Brazil) Performance
| RNEW3 Stock | BRL 0.99 0.02 2.06% |
The company holds a Beta of 0.65, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Renova Energia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Renova Energia is expected to be smaller as well. At this point, Renova Energia SA has a negative expected return of -0.0204%. Please make sure to check Renova Energia's potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to decide if Renova Energia SA performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Renova Energia SA has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Renova Energia is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors. ...more
| Begin Period Cash Flow | 36.3 M | |
| Total Cashflows From Investing Activities | 848.8 M |
Renova |
Renova Energia Relative Risk vs. Return Landscape
If you would invest 104.00 in Renova Energia SA on September 5, 2024 and sell it today you would lose (5.00) from holding Renova Energia SA or give up 4.81% of portfolio value over 90 days. Renova Energia SA is generating negative expected returns and assumes 3.4478% volatility on return distribution over the 90 days horizon. Simply put, 30% of stocks are less volatile than Renova, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Renova Energia Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renova Energia's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Renova Energia SA, and traders can use it to determine the average amount a Renova Energia'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 = -0.0059
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| Negative Returns | RNEW3 |
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 Fundamentals Growth
Renova Stock prices reflect investors' perceptions of the future prospects and financial health of Renova Energia, and Renova Energia 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 Renova Stock performance.
| Return On Asset | -0.0232 | |||
| Profit Margin | 1.08 % | |||
| Operating Margin | (0.50) % | |||
| Current Valuation | 1.4 B | |||
| Shares Outstanding | 124.74 M | |||
| Price To Earning | 1.22 X | |||
| Price To Book | 3.01 X | |||
| Price To Sales | 2.58 X | |||
| Revenue | 93.81 M | |||
| EBITDA | 258.94 M | |||
| Cash And Equivalents | 354.11 M | |||
| Cash Per Share | 2.92 X | |||
| Total Debt | 958.2 M | |||
| Debt To Equity | 136.80 % | |||
| Book Value Per Share | 1.97 X | |||
| Cash Flow From Operations | (147.78 M) | |||
| Earnings Per Share | 2.29 X | |||
| Total Asset | 2.28 B | |||
| Retained Earnings | (505 M) | |||
| Current Asset | 408 M | |||
| Current Liabilities | 1.78 B | |||
About Renova Energia Performance
Assessing Renova Energia's fundamental ratios provides investors with valuable insights into Renova Energia's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Renova Energia is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
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.Things to note about Renova Energia SA performance evaluation
Checking the ongoing alerts about Renova Energia for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Renova Energia SA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Renova Energia SA generated a negative expected return over the last 90 days | |
| Renova Energia SA has some characteristics of a very speculative penny stock | |
| Renova Energia SA has high historical volatility and very poor performance | |
| Renova Energia SA has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Renova Energia SA has accumulated 958.2 M in total debt with debt to equity ratio (D/E) of 136.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Renova Energia SA has a current ratio of 0.85, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Renova Energia until it has trouble settling it off, either with new capital or with free cash flow. So, Renova Energia's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Renova Energia SA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Renova to invest in growth at high rates of return. When we think about Renova Energia's use of debt, we should always consider it together with cash and equity. | |
| Renova Energia SA has accumulated about 354.11 M in cash with (147.78 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.92, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 26.0% of Renova Energia outstanding shares are owned by corporate insiders |
- Analyzing Renova Energia's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Renova Energia's stock is overvalued or undervalued compared to its peers.
- Examining Renova Energia's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Renova Energia's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Renova Energia's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Renova Energia's stock. These opinions can provide insight into Renova Energia's potential for growth and whether the stock is currently undervalued or overvalued.
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.