Renu Energy Limited Stock Market Value
| GDYMF Stock | USD 0.09 0.09 6,731% |
| Symbol | ReNu |
ReNu Energy 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ReNu Energy's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ReNu Energy.
| 06/25/2024 |
| 01/16/2026 |
If you would invest 0.00 in ReNu Energy on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding ReNu Energy Limited or generate 0.0% return on investment in ReNu Energy over 570 days. ReNu Energy is related to or competes with EverGen Infrastructure, RE Royalties, Summer Energy, and Greenbriar Capital. ReNu Energy Limited develops renewable and clean energy solutions in Australia More
ReNu Energy Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ReNu Energy's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ReNu Energy Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1223 | |||
| Maximum Drawdown | 166.02 |
ReNu Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ReNu Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ReNu Energy's standard deviation. In reality, there are many statistical measures that can use ReNu Energy historical prices to predict the future ReNu Energy's volatility.| Risk Adjusted Performance | 0.0949 | |||
| Jensen Alpha | 105.95 | |||
| Total Risk Alpha | (17.49) | |||
| Treynor Ratio | (2.26) |
ReNu Energy Limited Backtested Returns
ReNu Energy is out of control given 3 months investment horizon. ReNu Energy Limited maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11 % return per unit of standard deviation over the last 3 months. We have collected data for nineteen different technical indicators, which can help you to evaluate if expected returns of 14.3% are justified by taking the suggested risk. Use ReNu Energy Market Risk Adjusted Performance of (2.25), coefficient of variation of 816.56, and Risk Adjusted Performance of 0.0949 to evaluate company specific risk that cannot be diversified away. ReNu Energy holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of -44.9, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ReNu Energy are expected to decrease by larger amounts. On the other hand, during market turmoil, ReNu Energy is expected to outperform it. Use ReNu Energy variance, skewness, as well as the relationship between the Skewness and day median price , to analyze future returns on ReNu Energy.
Auto-correlation | -0.17 |
Insignificant reverse predictability
ReNu Energy Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between ReNu Energy time series from 25th of June 2024 to 6th of April 2025 and 6th of April 2025 to 16th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ReNu Energy Limited price movement. The serial correlation of -0.17 indicates that over 17.0% of current ReNu Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
ReNu Energy Limited lagged returns against current returns
Autocorrelation, which is ReNu Energy pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ReNu Energy's pink sheet expected returns. We can calculate the autocorrelation of ReNu Energy returns to help us make a trade decision. For example, suppose you find that ReNu Energy has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ReNu Energy regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ReNu Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ReNu Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ReNu Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
ReNu Energy Lagged Returns
When evaluating ReNu Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ReNu Energy pink sheet have on its future price. ReNu Energy autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ReNu Energy autocorrelation shows the relationship between ReNu Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ReNu Energy Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ReNu Pink Sheet
ReNu Energy financial ratios help investors to determine whether ReNu Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ReNu with respect to the benefits of owning ReNu Energy security.