Renergen (South Africa) Price on December 17, 2024

REN Stock   455.00  40.00  8.08%   
If you're considering investing in Renergen Stock, it is important to understand the factors that can impact its price. As of today, the current price of Renergen stands at 455.00, as last reported on the 13th of January 2025, with the highest price reaching 500.00 and the lowest price hitting 411.00 during the day. Renergen maintains Sharpe Ratio (i.e., Efficiency) of -0.42, which implies the firm had a -0.42% return per unit of risk over the last 3 months. Renergen exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Renergen's Risk Adjusted Performance of (0.31), variance of 9.56, and Coefficient Of Variation of (260.23) to confirm the risk estimate we provide.
  
Renergen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.4189

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Estimated Market Risk

 3.16
  actual daily
28
72% of assets are more volatile

Expected Return

 -1.33
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.42
  actual daily
0
Most of other assets perform better
Based on monthly moving average Renergen 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 Renergen by adding Renergen to a well-diversified portfolio.

Renergen Valuation on December 17, 2024

It is possible to determine the worth of Renergen on a given historical date. On December 17, 2024 Renergen was worth 754.0 at the beginning of the trading date compared to the closed value of 721.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Renergen stock. Still, in general, we apply an absolute valuation method to find Renergen'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 Renergen where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Renergen's related companies.
 Open High Low Close Volume
  765.00    789.00    756.00    756.00    175,995  
12/17/2024
  754.00    763.00    707.00    721.00    224,304  
  712.00    745.00    712.00    730.00    408,848  
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Open Value
754.0
744.51
Downside
721.0
Closing Value
763.49
Upside

Renergen Trading Date Momentum on December 17, 2024

On December 18 2024 Renergen was traded for  730.00  at the closing time. The highest price during the trading period was 745.00  and the lowest recorded bid was listed for  712.00 . The volume for the day was 408.8 K. This history from December 18, 2024 contributed to the next trading day price growth. The trading delta at closing time to the next closing price was 1.25% . The trading delta at closing time to the current price is 1.53% .

Renergen Fundamentals Correlations and Trends

By evaluating Renergen'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 Renergen's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Renergen financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Renergen Stock history

Renergen 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 Renergen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Renergen 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 Renergen stock prices may prove useful in developing a viable investing in Renergen

Renergen Stock Technical Analysis

Renergen technical 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, stock market cycles, or different charting patterns.
A focus of Renergen technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Renergen trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Renergen Period Price Range

Low
January 13, 2025
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Renergen cannot be verified against its exchange. Please verify the symbol is currently traded on Johannesburg 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.

Renergen January 13, 2025 Market Strength

Market strength indicators help investors to evaluate how Renergen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Renergen shares will generate the highest return on investment. By undertsting and applying Renergen stock market strength indicators, traders can identify Renergen entry and exit signals to maximize returns

Renergen Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Renergen's price direction in advance. Along with the technical and fundamental analysis of Renergen Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Renergen 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.

Complementary Tools for Renergen Stock analysis

When running Renergen's price analysis, check to measure Renergen's 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 Renergen is operating at the current time. Most of Renergen's value examination focuses on studying past and present price action to predict the probability of Renergen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renergen's price. Additionally, you may evaluate how the addition of Renergen to your portfolios can decrease your overall portfolio volatility.
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