Renaissance Europe Competition

Funds . Germany . 
Fund . Renaissance Europe C
0P00000PM8  EUR 268.51  0.56  0.21%   
  
Hype
Prediction
LowEstimatedHigh
267.13267.95268.77
Details
Intrinsic
Valuation
LowRealHigh
267.51268.33269.15
Details
Naive
Forecast
LowNextHigh
262.76263.58264.40
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
256.14264.99273.84
Details

Renaissance Europe Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Renaissance Europe and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Renaissance and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Renaissance Europe does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
0P0001338C
+ 0.96
0P00000PM8
VOW
+ 0.86
0P0001338C
VOW
+ 0.85
0P00000PM8
8SP
+ 0.79
0P0001338C
8SP
+ 0.78
0P00000PM8
VOW
+ 0.76
8SP
  
High negative correlations   
RS6
- 0.89
VOW
RS6
- 0.76
0P0001338C
INL
- 0.72
0P0000OQRJ
RS6
- 0.7
0P00000PM8
9K1
- 0.66
RRU
RS6
- 0.62
8SP

Risk-Adjusted Indicators

There is a big difference between Renaissance Fund performing well and Renaissance Europe Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Renaissance Europe's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
0P00000PM8  0.66 (0.02) 0.00 (1.39) 0.00 
 0.00 
 1.10 
(1.95)
 4.59 
0P0000OQRJ  0.54  0.03  0.02  0.21  0.69 
(0.58)
 1.15 
(1.43)
 3.47 
0P0001338C  0.50 (0.04) 0.00  1.19  0.00 
 0.00 
 1.13 
(1.13)
 2.58 
8SP  2.13 (0.24) 0.00 (1.51) 0.00 
 0.00 
 3.36 
(4.50)
 20.22 
INL  2.44 (0.03) 0.00 (0.04) 0.00 
 0.00 
 7.04 
(5.34)
 16.28 
VOW  1.24 (0.14) 0.00  1.85  0.00 
 0.00 
 2.84 
(2.65)
 9.42 
RS6  1.44  0.07  0.03  0.26  1.54 
(1.61)
 2.94 
(2.93)
 15.24 
RRU  1.54  0.18  0.09  0.20  1.81 
(1.66)
 3.10 
(3.10)
 9.56 
XYTA  12.41  4.01  0.14 (20.56) 8.83 
(55.21)
 33.33 
(25.00)
 233.33 
9K1  1.84 (0.33) 0.00  0.62  0.00 
 0.00 
 3.03 
(4.66)
 14.80 
All Fundamental Data

Renaissance Europe Competitive Analysis

The better you understand Renaissance Europe competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Renaissance Europe's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Renaissance Europe's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
0P00000PM8 0P0000OQRJ 0P0001338C 8SP INL VOW RS6 RRU XYTA 9K1
 0.21 
 268.51 
Renaissance
 1.52 
 416.74 
Echiquier
 1.68 
 6.04 
Cap
 0.99 
 4.08 
Superior
 3.60 
 18.22 
Intel
 1.56 
 88.10 
Volkswagen
 3.20 
 257.50 
Reliance
 1.95 
 7.03 
Rolls
 25.00 
 0 
CHINA
 4.09 
 1.64 
NORDIC
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Relatively risky
Not too volatile
Very steady
Very steady
Not too volatile
Out of control
Very risky
Market Performance
(90 Days Performance)
Very Weak
Modest
Very Weak
Very Weak
Very Weak
Very Weak
Weak
OK
Good
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Quite High
Low
Low
Low
About Average
Average
About Average
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Over Valued
Under Valued
Over Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Hold
Strong Hold
Cautious Hold
Strong Sell
Strong Sell
Strong Sell
Cautious Hold
Strong Buy
Strong Sell
Strong Sell
Current Ratio
N/A
N/A
N/A
1.33
N/A
N/A
4.06
1.07
0.67
N/A
Net Asset
3.48 B
820.77 M
168.2 M
4.48 B
182.1 B
528.61 B
10.33 B
29.45 B
N/A
N/A
Profit Margin
N/A
N/A
N/A
-0.0333
N/A
N/A
0.11
-0.0939
-2.08
N/A
EBITDA
N/A
N/A
N/A
202.9 M
21.3 B
49.43 B
2.73 B
(207 M)
47.39 M
N/A
Operating Margin
N/A
N/A
N/A
0.0049
N/A
N/A
0.15
0.0582
0.11
N/A
Current Valuation
N/A
N/A
N/A
2.78 B
126.75 B
201.15 B
12.83 B
14.94 B
N/A
N/A
Price To Book
N/A
N/A
N/A
1.76
1.18
0.53
1.78
N/A
N/A
N/A
Five Year Return
4.78
3.77
-0.49
5.75
N/A
N/A
1.9
N/A
N/A
N/A
One Year Return
3.06
6.73
-4.62
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Beta
N/A
N/A
N/A
0.86
N/A
N/A
0.89
1.7
0.55
N/A
Cash Position Weight
1.4
0.65
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Equity Positions Weight
98.4
99.11
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Number Of Employees
1
1
1
28
5
N/A
10
10
153
N/A
Shares Outstanding
N/A
N/A
N/A
200.7 M
N/A
N/A
58.79 M
8.37 B
4.77 B
N/A
Three Year Return
5.45
6.42
-0.6
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Cash Flow From Operations
N/A
N/A
N/A
248.7 M
15.43 B
38.63 B
2.12 B
1.85 B
3.06 M
N/A
Annual Yield
N/A
N/A
N/A
0.0662
0.018
0.0401
0.0163
0.0398
N/A
N/A
Total Debt
N/A
N/A
N/A
1.91 B
37.68 B
123.89 B
1.14 B
4.11 B
3.63 B
N/A
Return On Equity
N/A
N/A
N/A
-0.0634
N/A
N/A
0.28
N/A
N/A
N/A
Bond Positions Weight
0.2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Z Score
N/A
N/A
N/A
N/A
2.4
N/A
8.2
1.8
N/A
N/A
Return On Asset
N/A
N/A
N/A
0.0026
N/A
N/A
0.16
0.0169
0.0117
N/A
Book Value Per Share
N/A
N/A
N/A
5.52
N/A
N/A
120.56
-0.72
-2.42
N/A
Total Asset
3.48 B
820.77 M
168.2 M
4.48 B
182.1 B
528.61 B
10.33 B
29.45 B
N/A
N/A
Debt To Equity
N/A
N/A
N/A
163.2
N/A
N/A
49.0
580.9
N/A
N/A
Last Dividend Paid
N/A
N/A
N/A
0.72
0.33
4.8
3.5
N/A
N/A
N/A
Target Price
N/A
N/A
N/A
N/A
N/A
N/A
181.17
N/A
N/A
N/A
Shares Owned By Institutions
N/A
N/A
N/A
36.16
N/A
N/A
83.58
64.39
N/A
N/A
Market Capitalization
N/A
N/A
N/A
1.54 B
182.18 B
117.75 B
13.85 B
13.99 B
39.16 M
N/A
Price To Earning
N/A
N/A
N/A
30.24
N/A
N/A
8.86
5.69
N/A
N/A
Price To Earnings To Growth
N/A
N/A
N/A
N/A
12.86
4.22
N/A
0.23
N/A
N/A
Price To Sales
N/A
N/A
N/A
0.46
1.7
0.35
0.65
0.75
N/A
N/A
Net Income
N/A
N/A
N/A
(112.5 M)
8.01 B
15.38 B
1.84 B
(1.27 B)
(333.9 M)
N/A
Earnings Per Share
N/A
N/A
N/A
-0.4
N/A
N/A
28.2
-0.33
-0.006
N/A
Shares Owned By Insiders
N/A
N/A
N/A
0.35
N/A
N/A
0.86
0.1
51.82
N/A
Revenue
N/A
N/A
N/A
3.38 B
63.05 B
250.2 B
17.02 B
13.52 B
232.34 M
N/A
Ten Year Return
9.89
7.74
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Cash And Equivalents
N/A
N/A
N/A
33.45 M
N/A
N/A
133.6 M
5.81 B
6.01 M
N/A
Cash Per Share
N/A
N/A
N/A
0.19
N/A
N/A
1.99
3.14
N/A
N/A
Gross Profit
N/A
N/A
N/A
1.15 B
N/A
N/A
5.26 B
2.76 B
53.08 M
N/A
Day Typical Price
268.51
416.74
6.04
4.03
18.26
88.1
257.5
6.99
0.0015
1.65
Accumulation Distribution
N/A
N/A
N/A
0.0343
2.83
N/A
N/A
0.0324
N/A
0.0298
Market Facilitation Index
N/A
N/A
N/A
0.14
3.0E-4
N/A
N/A
0.23
N/A
0.05
Daily Balance Of Power
9.2 T
9.2 T
9.2 T
0.2857
(5.23)
(9,223,372,036,855)
(9,223,372,036,855)
(0.61)
(9,223,372,036,855)
(1.40)
Period Momentum Indicator
0.56
6.22
0.1
0.04
(0.68)
(1.40)
(8.50)
(0.14)
(0.0005)
(0.07)
Rate Of Daily Change
1.0
1.02
1.02
1.01
0.96
0.98
0.97
0.98
0.75
0.96
Day Median Price
268.51
416.74
6.04
4.01
18.29
88.1
257.5
6.98
0.0015
1.65
Price Action Indicator
0.28
3.11
0.05
0.09
(0.41)
(0.70)
(4.25)
(0.01)
(0.0003)
(0.05)
Relative Strength Index
49.53
56.0
50.2
43.0
39.94
52.12
42.85
58.93
62.66
37.64
Coefficient Of Variation
(8,768)
1583.68
(2,259)
(1,512)
(38,066)
(1,266)
2624.46
940.3
709.2
(765.51)
Mean Deviation
0.6584
0.5362
0.5025
2.13
2.44
1.24
1.44
1.54
12.41
1.84
Jensen Alpha
(0.02)
0.0318
(0.04)
(0.24)
(0.03)
(0.14)
0.0664
0.1776
4.01
(0.33)
Total Risk Alpha
(0.05)
0.0153
(0.06)
(0.33)
(0.11)
(0.19)
0.0119
0.1445
3.21
(0.41)
Sortino Ratio
N/A
0.0174
N/A
N/A
N/A
N/A
0.0308
0.0862
0.1427
N/A
Downside Variance
N/A
0.5901
N/A
N/A
N/A
N/A
2.68
4.25
778.7
N/A
Standard Deviation
0.8974
0.7211
0.6292
3.37
3.28
1.64
2.17
1.97
28.48
2.51
Kurtosis
0.9806
0.419
(0.29)
10.44
0.471
1.42
11.55
0.2013
35.16
1.25
Potential Upside
1.1
1.15
1.13
3.36
7.04
2.84
2.94
3.1
33.33
3.03
Treynor Ratio
(1.39)
0.2126
1.19
(1.51)
(0.04)
1.85
0.2625
0.2002
(20.56)
0.6172
Maximum Drawdown
4.59
3.47
2.58
20.22
16.28
9.42
15.24
9.56
233.33
14.8
Variance
0.8054
0.5199
0.3959
11.36
10.74
2.68
4.69
3.89
810.85
6.31
Market Risk Adjusted Performance
(1.38)
0.2226
1.2
(1.50)
(0.03)
1.86
0.2725
0.2102
(20.55)
0.6272
Risk Adjusted Performance
(0.01)
0.049
(0.04)
(0.04)
0.0055
(0.06)
0.0365
0.0902
0.1214
(0.1)
Skewness
(0.28)
(0.25)
(0.05)
(0.62)
0.4453
0.4692
2.37
(0.41)
5.22
(0.33)
Semi Deviation
N/A
0.6851
N/A
N/A
N/A
N/A
1.54
1.81
8.83
N/A
Information Ratio
(0.05)
0.0185
(0.1)
(0.08)
(0.01)
(0.1)
0.0232
0.09
0.1399
(0.14)
Value At Risk
(1.95)
(1.43)
(1.13)
(4.50)
(5.34)
(2.65)
(2.93)
(3.10)
(25.00)
(4.66)
Expected Short fall
N/A
(0.58)
N/A
N/A
N/A
N/A
(1.61)
(1.66)
(55.21)
N/A
Downside Deviation
N/A
0.7682
N/A
N/A
N/A
N/A
1.64
2.06
27.91
N/A
Semi Variance
N/A
0.4694
N/A
N/A
N/A
N/A
2.37
3.28
77.88
N/A

Renaissance Europe Competition Performance Charts

Five steps to successful analysis of Renaissance Europe Competition

Renaissance Europe's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Renaissance Europe in relation to its competition. Renaissance Europe's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Renaissance Europe in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Renaissance Europe's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Renaissance Europe, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Renaissance Europe position

In addition to having Renaissance Europe 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.

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Cash Cows Theme
Entities with stable and reliable earnings or profits, which allows them to pay consistent dividends to their shareholders. The Cash Cows theme has 25 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 Cash Cows Theme or any other thematic opportunities.
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Other Information on Investing in Renaissance Fund

Renaissance Europe financial ratios help investors to determine whether Renaissance Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Renaissance with respect to the benefits of owning Renaissance Europe security.
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