Renaissance IPO Financials
| IPO Etf | USD 38.96 0.13 0.33% |
Net Expense Ratio 0.006 | 3 y Sharp Ratio (0.09) |
Renaissance |
The data published in Renaissance IPO's official financial statements typically reflect Renaissance IPO's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Renaissance IPO's quantitative information. For example, before you start analyzing numbers published by Renaissance accountants, it's essential to understand Renaissance IPO's liquidity, profitability, and earnings quality within the context of the Renaissance Capital space in which it operates.
Renaissance IPO Etf Summary
Renaissance IPO competes with Global X, Amplify Online, WisdomTree Cloud, First Trust, and ProShares Online. The fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the index. Renaissance IPO is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US7599372049 |
| CUSIP | 759937204 |
| Region | North America |
| Investment Issuer | Renaissance Capital |
| Location | Connecticut; U.S.A |
| Business Address | 920 640 5th |
| Etf Family | Renaissance Capital |
| Fund Category | Strategy |
| Portfolio Concentration | Theme |
| Benchmark | Dow Jones Industrial |
| Website | www.inplayoil.com |
| Phone | 587 955 0630 |
| Currency | USD - US Dollar |
Renaissance IPO Key Financial Ratios
| Return On Equity | -6.57 | |||
| Return On Asset | -0.058 | |||
| Number Of Employees | 268 | |||
| Beta | 1.27 | |||
| Last Dividend Paid | 0.066 |
Renaissance Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Renaissance IPO's current stock value. Our valuation model uses many indicators to compare Renaissance IPO value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Renaissance IPO competition to find correlations between indicators driving Renaissance IPO's intrinsic value. More Info.Renaissance IPO ETF is considered the top ETF in price to earning as compared to similar ETFs. It is rated second overall ETF in price to book as compared to similar ETFs fabricating about 0.05 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Renaissance IPO ETF is roughly 22.02 . 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 Renaissance IPO's earnings, one of the primary drivers of an investment's value.Renaissance IPO ETF Systematic Risk
Renaissance IPO's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Renaissance IPO volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Renaissance IPO ETF correlated with the market. If Beta is less than 0 Renaissance IPO generally moves in the opposite direction as compared to the market. If Renaissance IPO Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Renaissance IPO ETF is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Renaissance IPO is generally in the same direction as the market. If Beta > 1 Renaissance IPO moves generally in the same direction as, but more than the movement of the benchmark.
Renaissance IPO Thematic Clasifications
Renaissance IPO ETF is part of several thematic ideas from Theme ETFs to Strategy ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasRenaissance IPO March 21, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Renaissance IPO help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Renaissance IPO ETF. We use our internally-developed statistical techniques to arrive at the intrinsic value of Renaissance IPO ETF based on widely used predictive technical indicators. In general, we focus on analyzing Renaissance Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Renaissance IPO's daily price indicators and compare them against related drivers.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.44 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 2.35 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Renaissance IPO ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
The market value of Renaissance IPO ETF is measured differently than its book value, which is the value of Renaissance that is recorded on the company's balance sheet. Investors also form their own opinion of Renaissance IPO's value that differs from its market value or its book value, called intrinsic value, which is Renaissance IPO'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 Renaissance IPO's market value can be influenced by many factors that don't directly affect Renaissance IPO'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 Renaissance IPO's value and its price as these two are different measures arrived at by different means. Investors typically determine if Renaissance IPO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renaissance IPO'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.