Renaissancere Holdings Stock Market Value
| RNR Stock | USD 264.64 0.34 0.13% |
| Symbol | Renaissancere |
Renaissancere Holdings Price To Book Ratio
Is Reinsurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Renaissancere Holdings. If investors know Renaissancere will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Renaissancere Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4.953 | Dividend Share 1.55 | Earnings Share 70.99 | Revenue Per Share 246.666 | Quarterly Revenue Growth 1.125 |
The market value of Renaissancere Holdings is measured differently than its book value, which is the value of Renaissancere that is recorded on the company's balance sheet. Investors also form their own opinion of Renaissancere Holdings' value that differs from its market value or its book value, called intrinsic value, which is Renaissancere Holdings' 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 Renaissancere Holdings' market value can be influenced by many factors that don't directly affect Renaissancere Holdings' 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 Renaissancere Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Renaissancere Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renaissancere Holdings' 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.
Renaissancere Holdings '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 Renaissancere Holdings' stock 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 Renaissancere Holdings.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Renaissancere Holdings on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Renaissancere Holdings or generate 0.0% return on investment in Renaissancere Holdings over 30 days. Renaissancere Holdings is related to or competes with Reinsurance Group, Greenlight Capital, Siriuspoint, SCOR PK, Maiden Holdings, SiriusPoint, and RenaissanceRe Holdings. RenaissanceRe Holdings Ltd. provides reinsurance and insurance products in the United States and internationally More
Renaissancere Holdings 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 Renaissancere Holdings' stock 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 Renaissancere Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.14 | |||
| Information Ratio | 0.0147 | |||
| Maximum Drawdown | 12.15 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 2.9 |
Renaissancere Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renaissancere Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renaissancere Holdings' standard deviation. In reality, there are many statistical measures that can use Renaissancere Holdings historical prices to predict the future Renaissancere Holdings' volatility.| Risk Adjusted Performance | 0.0623 | |||
| Jensen Alpha | 0.0316 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0127 | |||
| Treynor Ratio | 0.1325 |
Renaissancere Holdings Backtested Returns
Currently, Renaissancere Holdings is very steady. Renaissancere Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.0581, which implies the firm had a 0.0581% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Renaissancere Holdings, which you can use to evaluate the volatility of the company. Please check Renaissancere Holdings' Risk Adjusted Performance of 0.0623, semi deviation of 2.0, and Coefficient Of Variation of 1352.69 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Renaissancere Holdings has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of 0.96, which implies possible diversification benefits within a given portfolio. Renaissancere Holdings returns are very sensitive to returns on the market. As the market goes up or down, Renaissancere Holdings is expected to follow. Renaissancere Holdings right now holds a risk of 1.86%. Please check Renaissancere Holdings potential upside, as well as the relationship between the accumulation distribution and price action indicator , to decide if Renaissancere Holdings will be following its historical price patterns.
Auto-correlation | 0.53 |
Modest predictability
Renaissancere Holdings has modest predictability. Overlapping area represents the amount of predictability between Renaissancere Holdings time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Renaissancere Holdings price movement. The serial correlation of 0.53 indicates that about 53.0% of current Renaissancere Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 8.38 |
Renaissancere Holdings lagged returns against current returns
Autocorrelation, which is Renaissancere Holdings stock'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 Renaissancere Holdings' stock expected returns. We can calculate the autocorrelation of Renaissancere Holdings returns to help us make a trade decision. For example, suppose you find that Renaissancere Holdings has exhibited high autocorrelation historically, and you observe that the stock 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 |
Renaissancere Holdings 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 Renaissancere Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renaissancere Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renaissancere Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Renaissancere Holdings Lagged Returns
When evaluating Renaissancere Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renaissancere Holdings stock have on its future price. Renaissancere Holdings 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, Renaissancere Holdings autocorrelation shows the relationship between Renaissancere Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Renaissancere Holdings.
Regressed Prices |
| Timeline |
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
| 0.56 | SPNT | Siriuspoint Normal Trading | PairCorr |
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.