Renova Energia Shares Outstanding vs. Revenue
| RNEW3 Stock | BRL 0.94 0.01 1.05% |
For Renova Energia profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Renova Energia to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Renova Energia SA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Renova Energia's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Renova Energia SA over time as well as its relative position and ranking within its peers.
Renova |
Renova Energia SA Revenue vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Renova Energia's current stock value. Our valuation model uses many indicators to compare Renova Energia value to that of its competitors to determine the firm's financial worth. Renova Energia SA is currently regarded as top stock in shares outstanding category among its peers. It also is currently regarded number one company in revenue category among its peers totaling about 0.75 of Revenue per Shares Outstanding. The ratio of Shares Outstanding to Revenue for Renova Energia SA is roughly 1.33 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Renova Energia's earnings, one of the primary drivers of an investment's value.Renova Revenue vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Renova Energia |
| = | 124.74 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Renova Energia |
| = | 93.81 M |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Renova Revenue vs Competition
Renova Energia SA is currently regarded number one company in revenue category among its peers. Market size based on revenue of Utilities—Renewable industry is at this time estimated at about 246.53 Billion. Renova Energia adds roughly 93.81 Million in revenue claiming only tiny portion of Utilities—Renewable industry.
Renova Energia Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Renova Energia, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Renova Energia will eventually generate negative long term returns. The profitability progress is the general direction of Renova Energia's change in net profit over the period of time. It can combine multiple indicators of Renova Energia, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Renova Energia S.A. develops, implements, and operates projects for the generation of energy from renewable sources in Brazil. The company was founded in 2001 and is based in So Paulo, Brazil. RENOVA ON is traded on Sao Paolo Stock Exchange in Brazil.
Renova Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Renova Energia. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Renova Energia position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Renova Energia's important profitability drivers and their relationship over time.
Use Renova Energia in pair-trading
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 Renova Energia 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 Renova Energia will appreciate offsetting losses from the drop in the long position's value.Renova Energia Pair Trading
Renova Energia SA Pair Trading Analysis
The ability to find closely correlated positions to Renova Energia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Renova Energia 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 Renova Energia - 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 Renova Energia SA to buy it.
The correlation of Renova Energia 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 Renova Energia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Renova Energia SA 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 Renova Energia 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.Use Investing Themes to Complement your Renova Energia position
In addition to having Renova Energia in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Precious Metals Thematic Idea Now
Precious Metals
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Precious Metals theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Precious Metals Theme or any other thematic opportunities.
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Additional Tools for Renova Stock Analysis
When running Renova Energia's price analysis, check to measure Renova Energia'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 Renova Energia is operating at the current time. Most of Renova Energia's value examination focuses on studying past and present price action to predict the probability of Renova Energia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renova Energia's price. Additionally, you may evaluate how the addition of Renova Energia to your portfolios can decrease your overall portfolio volatility.