Renaissance Europe is trading at 270.41 as of the 2nd of January 2025, a 0.94% up since the beginning of the trading day. The fund's open price was 267.89. Renaissance Europe has hardly any chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 6th of July 2024 and ending today, the 2nd of January 2025. Click here to learn more.
Although Renaissance Europe's alpha and beta are two of the key measurements used to evaluate Renaissance Europe's performance over the market, the standard measures of volatility play an important role as well.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Renaissance Europe fund to make a market-neutral strategy. Peer analysis of Renaissance Europe could also be used in its relative valuation, which is a method of valuing Renaissance Europe by comparing valuation metrics with similar companies.