Renaissancere Holdings Preferred Stock Technical Analysis
| RNR-PF Preferred Stock | 24.58 0.10 0.41% |
As of the 25th of November, RenaissanceRe Holdings holds the Semi Deviation of 0.4847, risk adjusted performance of 0.017, and Coefficient Of Variation of 3166.56. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of RenaissanceRe Holdings, as well as the relationship between them. Please check RenaissanceRe Holdings treynor ratio, as well as the relationship between the potential upside and expected short fall to decide if RenaissanceRe Holdings is priced some-what accurately, providing market reflects its current price of 24.58 per share. Given that RenaissanceRe Holdings has jensen alpha of (0.01), we recommend you to check out RenaissanceRe Holdings's recent market performance to make sure the company can sustain itself at a future point.
RenaissanceRe Holdings Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as RenaissanceRe, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to RenaissanceReRenaissanceRe |
RenaissanceRe Holdings technical preferred stock 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, preferred stock market cycles, or different charting patterns.
RenaissanceRe Holdings Technical Analysis
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of RenaissanceRe Holdings volatility. High ATR values indicate high volatility, and low values indicate low volatility.
RenaissanceRe Holdings Trend Analysis
Use this graph to draw trend lines for RenaissanceRe Holdings. You can use it to identify possible trend reversals for RenaissanceRe Holdings as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual RenaissanceRe Holdings price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.RenaissanceRe Holdings Best Fit Change Line
The following chart estimates an ordinary least squares regression model for RenaissanceRe Holdings applied against its price change over selected period. The best fit line has a slop of 0.0095 , which may suggest that RenaissanceRe Holdings market price will keep on failing further. It has 122 observation points and a regression sum of squares at 3.42, which is the sum of squared deviations for the predicted RenaissanceRe Holdings price change compared to its average price change.About RenaissanceRe Holdings Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of RenaissanceRe Holdings on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of RenaissanceRe Holdings based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on RenaissanceRe Holdings price pattern first instead of the macroeconomic environment surrounding RenaissanceRe Holdings. By analyzing RenaissanceRe Holdings's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of RenaissanceRe Holdings's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to RenaissanceRe Holdings specific price patterns or momentum indicators. Please read more on our technical analysis page.
RenaissanceRe Holdings November 25, 2024 Technical Indicators
Most technical analysis of RenaissanceRe help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for RenaissanceRe from various momentum indicators to cycle indicators. When you analyze RenaissanceRe charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.017 | |||
| Market Risk Adjusted Performance | 0.0508 | |||
| Mean Deviation | 0.3545 | |||
| Semi Deviation | 0.4847 | |||
| Downside Deviation | 0.5086 | |||
| Coefficient Of Variation | 3166.56 | |||
| Standard Deviation | 0.4442 | |||
| Variance | 0.1973 | |||
| Information Ratio | (0.26) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | 0.0408 | |||
| Maximum Drawdown | 1.88 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 0.6188 | |||
| Downside Variance | 0.2587 | |||
| Semi Variance | 0.2349 | |||
| Expected Short fall | (0.33) | |||
| Skewness | (0.44) | |||
| Kurtosis | (0.25) |
RenaissanceRe Holdings November 25, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as RenaissanceRe stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 46.10 | ||
| Daily Balance Of Power | 0.59 | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 24.63 | ||
| Day Typical Price | 24.61 | ||
| Price Action Indicator | 0.00 |
Complementary Tools for RenaissanceRe Preferred 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.
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