Renaissance International Ipo Etf Market Value
| IPOS Etf | USD 12.20 0.11 0.91% |
| Symbol | Renaissance |
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.
Renaissance International '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 Renaissance International's etf 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 Renaissance International.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Renaissance International on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Renaissance International IPO or generate 0.0% return on investment in Renaissance International over 30 days. Renaissance International is related to or competes with First Trust, Renaissance IPO, First Trust, SPDR FactSet, and Alpha Architect. The fund normally invests at least 80 percent of its total assets in securities that comprise the index More
Renaissance International 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 Renaissance International's etf 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 Renaissance International IPO upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 8.88 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 2.04 |
Renaissance International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renaissance International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renaissance International's standard deviation. In reality, there are many statistical measures that can use Renaissance International historical prices to predict the future Renaissance International's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.3579 |
Renaissance International Backtested Returns
Renaissance International maintains Sharpe Ratio (i.e., Efficiency) of -0.0865, which implies the entity had a -0.0865% return per unit of risk over the last 3 months. Renaissance International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Renaissance International's Variance of 2.13, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,288) to confirm the risk estimate we provide. The etf holds a Beta of -0.34, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Renaissance International are expected to decrease at a much lower rate. During the bear market, Renaissance International is likely to outperform the market.
Auto-correlation | -0.31 |
Poor reverse predictability
Renaissance International IPO has poor reverse predictability. Overlapping area represents the amount of predictability between Renaissance International time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Renaissance International price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Renaissance International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Renaissance International lagged returns against current returns
Autocorrelation, which is Renaissance International etf'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 Renaissance International's etf expected returns. We can calculate the autocorrelation of Renaissance International returns to help us make a trade decision. For example, suppose you find that Renaissance International has exhibited high autocorrelation historically, and you observe that the etf 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 |
Renaissance International 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 Renaissance International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renaissance International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renaissance International etf over time.
Current vs Lagged Prices |
| Timeline |
Renaissance International Lagged Returns
When evaluating Renaissance International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renaissance International etf have on its future price. Renaissance International 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, Renaissance International autocorrelation shows the relationship between Renaissance International etf current value and its past values and can show if there is a momentum factor associated with investing in Renaissance International IPO.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Renaissance International Correlation, Renaissance International Volatility and Renaissance International Alpha and Beta module to complement your research on Renaissance International. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Renaissance International technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.