Renew Energy Global Stock Market Value
| RNWWW Stock | USD 0.19 0.03 13.64% |
| Symbol | ReNew |
ReNew Energy Global Price To Book Ratio
Is Electric Utilities 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 ReNew Energy. If investors know ReNew 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 ReNew Energy 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 (0.97) | Earnings Share (0.22) | Revenue Per Share 225.76 | Quarterly Revenue Growth 0.082 | Return On Assets 0.0326 |
The market value of ReNew Energy Global is measured differently than its book value, which is the value of ReNew that is recorded on the company's balance sheet. Investors also form their own opinion of ReNew Energy's value that differs from its market value or its book value, called intrinsic value, which is ReNew Energy'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 ReNew Energy's market value can be influenced by many factors that don't directly affect ReNew Energy'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 ReNew Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if ReNew Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ReNew Energy'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.
ReNew 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 ReNew Energy's 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 ReNew Energy.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in ReNew Energy on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding ReNew Energy Global or generate 0.0% return on investment in ReNew Energy over 30 days. ReNew Energy is related to or competes with Renew Energy. ReNew Energy Global plc generates power through non-conventional and renewable energy sources in India More
ReNew 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 ReNew Energy's 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 ReNew Energy Global upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 61.33 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 20.69 |
ReNew Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ReNew Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ReNew Energy's standard deviation. In reality, there are many statistical measures that can use ReNew Energy historical prices to predict the future ReNew Energy's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (1.73) | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ReNew Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ReNew Energy Global Backtested Returns
ReNew Energy Global maintains Sharpe Ratio (i.e., Efficiency) of -0.0072, which implies the firm had a -0.0072% return per unit of standard deviation over the last 3 months. ReNew Energy Global exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ReNew Energy's Market Risk Adjusted Performance of (0.16), coefficient of variation of (5,237), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The company holds a Beta of 1.39, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ReNew Energy will likely underperform. At this point, ReNew Energy Global has a negative expected return of -0.0819%. Please make sure to check ReNew Energy's potential upside and the relationship between the accumulation distribution and price action indicator , to decide if ReNew Energy Global performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
ReNew Energy Global has very weak reverse predictability. Overlapping area represents the amount of predictability between ReNew Energy 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 ReNew Energy Global price movement. The serial correlation of -0.09 indicates that less than 9.0% of current ReNew Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ReNew Energy Global lagged returns against current returns
Autocorrelation, which is ReNew Energy 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 ReNew Energy's stock expected returns. We can calculate the autocorrelation of ReNew Energy returns to help us make a trade decision. For example, suppose you find that ReNew Energy 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 |
ReNew 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 ReNew Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ReNew Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ReNew Energy stock over time.
Current vs Lagged Prices |
| Timeline |
ReNew Energy Lagged Returns
When evaluating ReNew Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ReNew Energy stock have on its future price. ReNew 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, ReNew Energy autocorrelation shows the relationship between ReNew Energy stock current value and its past values and can show if there is a momentum factor associated with investing in ReNew Energy Global.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for ReNew Stock Analysis
When running ReNew Energy's price analysis, check to measure ReNew Energy's 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 ReNew Energy is operating at the current time. Most of ReNew Energy's value examination focuses on studying past and present price action to predict the probability of ReNew Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ReNew Energy's price. Additionally, you may evaluate how the addition of ReNew Energy to your portfolios can decrease your overall portfolio volatility.