Renault SA (France) Price on September 27, 2023
RNO Stock | EUR 40.53 0.89 2.25% |
If you're considering investing in Renault Stock, it is important to understand the factors that can impact its price. As of today, the current price of Renault SA stands at 40.53, as last reported on the 1st of December, with the highest price reaching 40.75 and the lowest price hitting 39.13 during the day. Renault SA maintains Sharpe Ratio (i.e., Efficiency) of -0.0359, which implies the firm had a -0.0359% return per unit of risk over the last 3 months. Renault SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Renault SA's Variance of 3.32, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,550) to confirm the risk estimate we provide.
Renault Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Renault |
Sharpe Ratio = -0.0359
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Estimated Market Risk
1.82 actual daily | 16 84% of assets are more volatile |
Expected Return
-0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Renault SA 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 Renault SA by adding Renault SA to a well-diversified portfolio.
Renault SA Valuation on September 27, 2023
It is possible to determine the worth of Renault SA on a given historical date. On September 27, 2023 Renault was worth 36.54 at the beginning of the trading date compared to the closed value of 36.91. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Renault SA stock. Still, in general, we apply an absolute valuation method to find Renault SA'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 Renault SA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Renault SA's related companies.
Open | High | Low | Close | Volume | |
36.67 | 36.81 | 36.14 | 36.48 | 651,671 | |
09/27/2023 | 36.54 | 37.20 | 36.40 | 36.91 | 725,815 |
37.05 | 37.47 | 36.64 | 37.36 | 752,790 |
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Renault SA Trading Date Momentum on September 27, 2023
On September 28 2023 Renault SA was traded for 37.36 at the closing time. The maximum traded price for the trading interval was 37.47 and the lowest daily price was 36.64 . The daily volume was recorded at 752.8 K. The volume of trading on 28th of September 2023 played a part in the next trading day price jump. The trading delta at closing time to the next closing price was 1.22% . The trading delta at closing time to the closing price today is 7.88% . |
Renault SA Fundamentals Correlations and Trends
By evaluating Renault SA'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 Renault SA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Renault financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Renault SA Stock history
Renault SA 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 Renault is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Renault SA 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 Renault SA stock prices may prove useful in developing a viable investing in Renault SA
Renault SA designs, manufactures, sells, and distributes vehicles in France and internationally. The company was founded in 1898 and is based in Boulogne-Billancourt, France. RENAULT operates under Car Truck And Bus Manufacturers classification in France and is traded on Paris Stock Exchange. It employs 170158 people.
Renault SA Stock Technical Analysis
Renault SA 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.
Price Boundaries
Renault SA Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Renault SA cannot be verified against its exchange. Please verify the symbol is currently traded on Euronext Paris. 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.
Renault SA December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Renault SA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Renault SA shares will generate the highest return on investment. By undertsting and applying Renault SA stock market strength indicators, traders can identify Renault SA entry and exit signals to maximize returns
Renault SA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Renault SA's price direction in advance. Along with the technical and fundamental analysis of Renault Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Renault 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 | (0.02) | |||
Jensen Alpha | (0.04) | |||
Total Risk Alpha | (0.39) | |||
Treynor Ratio | 0.2265 |
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When running Renault SA's price analysis, check to measure Renault SA'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 Renault SA is operating at the current time. Most of Renault SA's value examination focuses on studying past and present price action to predict the probability of Renault SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renault SA's price. Additionally, you may evaluate how the addition of Renault SA to your portfolios can decrease your overall portfolio volatility.
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