Renaissance International Ipo Etf Fundamentals
| IPOS Etf | USD 12.15 0.01 0.08% |
Renaissance International IPO fundamentals help investors to digest information that contributes to Renaissance International's financial success or failures. It also enables traders to predict the movement of Renaissance Etf. The fundamental analysis module provides a way to measure Renaissance International's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Renaissance International etf.
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Renaissance International IPO ETF Price To Sales Analysis
Renaissance International's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Current Renaissance International Price To Sales | 0.75 X |
Most of Renaissance International's fundamental indicators, such as Price To Sales, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Renaissance International IPO is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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Based on the latest financial disclosure, Renaissance International IPO has a Price To Sales of 0.75 times. This is much higher than that of the Renaissance Capital family and significantly higher than that of the Foreign Large Growth category. The price to sales for all United States etfs is notably lower than that of the firm.
Renaissance International Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Renaissance International's current stock value. Our valuation model uses many indicators to compare Renaissance International value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Renaissance International competition to find correlations between indicators driving Renaissance International's intrinsic value. More Info.Renaissance International IPO is considered the top ETF in price to earning as compared to similar ETFs. It is rated second overall ETF in price to book as compared to similar ETFs fabricating about 0.09 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Renaissance International IPO is roughly 10.85 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Renaissance International by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Renaissance Price To Sales Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Renaissance International's direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Renaissance International could also be used in its relative valuation, which is a method of valuing Renaissance International by comparing valuation metrics of similar companies.Renaissance International is currently under evaluation in price to sales as compared to similar ETFs.
Fund Asset Allocation for Renaissance International
The fund invests 99.62% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Renaissance International's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Renaissance Fundamentals
| Price To Earning | 19.96 X | |||
| Price To Book | 1.84 X | |||
| Price To Sales | 0.75 X | |||
| Number Of Employees | 317 | |||
| Beta | 1.15 | |||
| Total Asset | 7.19 M | |||
| One Year Return | (12.20) % | |||
| Three Year Return | (24.20) % | |||
| Five Year Return | (11.50) % | |||
| Ten Year Return | (3.70) % | |||
| Net Asset | 7.19 M | |||
| Last Dividend Paid | 0.024 | |||
| Equity Positions Weight | 99.62 % |
About Renaissance International Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Renaissance International IPO's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Renaissance International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Renaissance International IPO based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.The fund normally invests at least 80 percent of its total assets in securities that comprise the index. Renaissance International is traded on NYSEARCA Exchange in the United States.
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Check out Renaissance International Piotroski F Score and Renaissance International Altman Z Score analysis. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
The market value of Renaissance International 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 International's value that differs from its market value or its book value, called intrinsic value, which is Renaissance International'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 International's market value can be influenced by many factors that don't directly affect Renaissance International'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 International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Renaissance International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renaissance International'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.