Renaissancere Holdings Stock Z Score
| RNR Stock | USD 279.67 7.77 2.86% |
Renaissancere | Z Score |
Renaissancere Holdings Company Z Score Analysis
Renaissancere Holdings' Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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Renaissancere Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Renaissancere Holdings is extremely important. It helps to project a fair market value of Renaissancere Stock properly, considering its historical fundamentals such as Z Score. Since Renaissancere Holdings' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Renaissancere Holdings' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Renaissancere Holdings' interrelated accounts and indicators.
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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
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Based on the company's disclosures, Renaissancere Holdings has a Z Score of 0.0. This is 100.0% lower than that of the Insurance sector and about the same as Financials (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.
Renaissancere Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Renaissancere Holdings' direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Renaissancere Holdings could also be used in its relative valuation, which is a method of valuing Renaissancere Holdings by comparing valuation metrics of similar companies.Renaissancere Holdings is currently under evaluation in z score category among its peers.
Renaissancere Holdings ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Renaissancere Holdings' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Renaissancere Holdings' managers, analysts, and investors.Environmental | Governance | Social |
Renaissancere Holdings Institutional Holders
Institutional Holdings refers to the ownership stake in Renaissancere Holdings that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Renaissancere Holdings' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Renaissancere Holdings' value.| Shares | Capital Research Global Investors | 2024-09-30 | 1.3 M | Impax Asset Management Group Plc | 2024-06-30 | 1.3 M | Cooke & Bieler Lp | 2024-09-30 | 1.2 M | Polar Capital Holdings Plc | 2024-06-30 | 1.2 M | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 1.1 M | Fidelity International Ltd | 2024-06-30 | 1 M | Geode Capital Management, Llc | 2024-09-30 | 920.8 K | Amvescap Plc. | 2024-06-30 | 749.9 K | Norges Bank | 2024-06-30 | 697.8 K | Vanguard Group Inc | 2024-09-30 | 5.4 M | Blackrock Inc | 2024-06-30 | 4.7 M |
Renaissancere Fundamentals
| Return On Equity | 0.32 | ||||
| Return On Asset | 0.0633 | ||||
| Profit Margin | 0.29 % | ||||
| Operating Margin | 0.44 % | ||||
| Current Valuation | 15.24 B | ||||
| Shares Outstanding | 51.94 M | ||||
| Shares Owned By Insiders | 1.00 % | ||||
| Shares Owned By Institutions | 99.00 % | ||||
| Number Of Shares Shorted | 1.66 M | ||||
| Price To Earning | 17.70 X | ||||
| Price To Book | 1.35 X | ||||
| Price To Sales | 1.12 X | ||||
| Revenue | 9.09 B | ||||
| Gross Profit | (787.92 M) | ||||
| EBITDA | 3.28 B | ||||
| Net Income | 3.62 B | ||||
| Cash And Equivalents | 1.19 B | ||||
| Cash Per Share | 448.80 X | ||||
| Total Debt | 1.96 B | ||||
| Debt To Equity | 0.12 % | ||||
| Current Ratio | 1.32 X | ||||
| Book Value Per Share | 202.01 X | ||||
| Cash Flow From Operations | 1.91 B | ||||
| Short Ratio | 3.68 X | ||||
| Earnings Per Share | 70.99 X | ||||
| Price To Earnings To Growth | (3.13) X | ||||
| Target Price | 296.18 | ||||
| Number Of Employees | 925 | ||||
| Beta | 0.39 | ||||
| Market Capitalization | 14.12 B | ||||
| Total Asset | 49.01 B | ||||
| Retained Earnings | 6.52 B | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 0.90 % | ||||
| Net Asset | 49.01 B | ||||
| Last Dividend Paid | 1.55 |
About Renaissancere Holdings Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Renaissancere Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Renaissancere Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Renaissancere Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, 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.
Pair Trading with Renaissancere Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Renaissancere Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Renaissancere Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against Renaissancere Stock
The ability to find closely correlated positions to Renaissancere Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Renaissancere Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Renaissancere Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Renaissancere Holdings to buy it.
The correlation of Renaissancere Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Renaissancere Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Renaissancere Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Renaissancere Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Renaissancere Stock Analysis
When running Renaissancere Holdings' price analysis, check to measure Renaissancere Holdings' 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 Renaissancere Holdings is operating at the current time. Most of Renaissancere Holdings' value examination focuses on studying past and present price action to predict the probability of Renaissancere Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renaissancere Holdings' price. Additionally, you may evaluate how the addition of Renaissancere Holdings to your portfolios can decrease your overall portfolio volatility.