Renaissance Europe (Germany) Price on July 23, 2024
0P00000PM8 | EUR 263.92 4.59 1.71% |
If you're considering investing in Renaissance Fund, it is important to understand the factors that can impact its price. As of today, the current price of Renaissance Europe stands at 263.92, as last reported on the 22nd of December, with the highest price reaching 263.92 and the lowest price hitting 263.92 during the day. Renaissance Europe maintains Sharpe Ratio (i.e., Efficiency) of -0.0519, which implies the entity had a -0.0519% return per unit of risk over the last 3 months. Renaissance Europe exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Renaissance Europe's Risk Adjusted Performance of (0.06), coefficient of variation of (1,216), and Variance of 0.7605 to confirm the risk estimate we provide.
Renaissance Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Renaissance |
Sharpe Ratio = -0.0519
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Negative Returns | 0P00000PM8 |
Estimated Market Risk
0.84 actual daily | 7 93% of assets are more volatile |
Expected Return
-0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Renaissance Europe is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Renaissance Europe by adding Renaissance Europe to a well-diversified portfolio.
Renaissance Europe Valuation on July 23, 2024
It is possible to determine the worth of Renaissance Europe on a given historical date. On July 23, 2024 Renaissance was worth 275.43 at the beginning of the trading date compared to the closed value of 275.43. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Renaissance Europe fund. Still, in general, we apply an absolute valuation method to find Renaissance Europe's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Renaissance Europe where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Renaissance Europe's related companies.
Open | High | Low | Close | Volume | |
274.32 | 274.32 | 274.32 | 274.32 | 1.00 | |
07/23/2024 | 275.43 | 275.43 | 275.43 | 275.43 | 1.00 |
272.12 | 272.12 | 272.12 | 272.12 | 1.00 |
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Renaissance Europe Trading Date Momentum on July 23, 2024
On July 24 2024 Renaissance Europe C was traded for 272.12 at the closing time. The highest price during the trading period was 272.12 and the lowest recorded bid was listed for 272.12 . There was no trading activity during the period 1.0. Lack of trading volume on July 24, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.20% . The trading delta at closing time to the current price is 3.83% . |
Renaissance Europe Fundamentals Correlations and Trends
By evaluating Renaissance Europe's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Renaissance Europe's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Renaissance financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Renaissance Europe Fund history
Renaissance Europe investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Renaissance is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Renaissance Europe will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Renaissance Europe stock prices may prove useful in developing a viable investing in Renaissance Europe
Renaissance Europe Fund Technical Analysis
Renaissance Europe technical fund 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, fund market cycles, or different charting patterns.
Price Boundaries
Renaissance Europe Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
Renaissance Europe C cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Renaissance Europe December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Renaissance Europe fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Renaissance Europe shares will generate the highest return on investment. By undertsting and applying Renaissance Europe fund market strength indicators, traders can identify Renaissance Europe C entry and exit signals to maximize returns
Renaissance Europe Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Renaissance Europe's price direction in advance. Along with the technical and fundamental analysis of Renaissance Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Renaissance to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.06) | |||
Jensen Alpha | (0.09) | |||
Total Risk Alpha | (0.11) | |||
Treynor Ratio | (0.32) |
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Volume Indicators |
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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