Renascor Resources (Australia) Price on July 10, 2024
| RNU Stock | 0.07 0 1.52% |
Below is the normalized historical share price chart for Renascor Resources extending back to December 15, 2010. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Renascor Resources stands at 0.07, as last reported on the 29th of November, with the highest price reaching 0.07 and the lowest price hitting 0.07 during the day.
If you're considering investing in Renascor Stock, it is important to understand the factors that can impact its price. Renascor Resources maintains Sharpe Ratio (i.e., Efficiency) of -0.26, which implies the firm had a -0.26% return per unit of risk over the last 3 months. Renascor Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Renascor Resources' Risk Adjusted Performance of (0.17), coefficient of variation of (426.14), and Variance of 5.42 to confirm the risk estimate we provide.
At this time, Renascor Resources' Total Stockholder Equity is comparatively stable compared to the past year. Common Stock Total Equity is likely to gain to about 41.2 M in 2024, whereas Sale Purchase Of Stock is likely to drop (2.2 K) in 2024. . Renascor Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.0882 | 50 Day MA 0.0743 | Beta 1.91 |
Renascor |
Sharpe Ratio = -0.2645
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| Negative Returns | RNU |
Estimated Market Risk
| 2.32 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.61 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.26 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Renascor Resources 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 Renascor Resources by adding Renascor Resources to a well-diversified portfolio.
Price Book 0.979 | Book Value 0.066 | Enterprise Value 55.4 M | Enterprise Value Ebitda (314.97) | Price Sales 310.7 K |
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Renascor Resources Valuation on July 10, 2024
It is possible to determine the worth of Renascor Resources on a given historical date. On July 10, 2024 Renascor was worth 0.088 at the beginning of the trading date compared to the closed value of 0.09. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Renascor Resources stock. Still, in general, we apply an absolute valuation method to find Renascor Resources' 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 Renascor Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Renascor Resources' related companies.
| Open | High | Low | Close | Volume | |
| 0.09 | 0.09 | 0.09 | 0.09 | 2,919,895 | |
07/10/2024 | 0.09 | 0.09 | 0.09 | 0.09 | 1,678,531 |
| 0.09 | 0.1 | 0.09 | 0.09 | 9,716,066 |
| Backtest Renascor Resources | | | Renascor Resources History | | | Renascor Resources Valuation | Previous | Next |
Renascor Resources Trading Date Momentum on July 10, 2024
| On July 11 2024 Renascor Resources was traded for 0.09 at the closing time. The maximum traded price for the trading interval was 0.1 and the lowest daily price was 0.09 . The daily volume was recorded at 9.7 M. The volume of trading on 11th of July 2024 played a part in the next trading day price appreciation. The trading delta at closing time to the next closing price was 3.33% . The trading delta at closing time to the closing price today is 3.33% . |
Renascor Resources Fundamentals Correlations and Trends
By evaluating Renascor Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Renascor Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Renascor financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Renascor Resources Stock history
Renascor Resources 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 Renascor is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Renascor Resources 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 Renascor Resources stock prices may prove useful in developing a viable investing in Renascor Resources
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 2.5 B | 2.7 B | |
| Net Income Applicable To Common Shares | 488.4 K | 512.8 K |
Renascor Resources Quarterly Net Working Capital |
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Renascor Resources Stock Technical Analysis
Renascor Resources 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
Renascor Resources Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Renascor Resources cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities 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.
Renascor Resources November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Renascor Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Renascor Resources shares will generate the highest return on investment. By undertsting and applying Renascor Resources stock market strength indicators, traders can identify Renascor Resources entry and exit signals to maximize returns
Renascor Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Renascor Resources' price direction in advance. Along with the technical and fundamental analysis of Renascor Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Renascor 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 | (0.17) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (0.91) | |||
| Treynor Ratio | 1.31 |
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Additional Tools for Renascor Stock Analysis
When running Renascor Resources' price analysis, check to measure Renascor Resources' 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 Renascor Resources is operating at the current time. Most of Renascor Resources' value examination focuses on studying past and present price action to predict the probability of Renascor Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renascor Resources' price. Additionally, you may evaluate how the addition of Renascor Resources to your portfolios can decrease your overall portfolio volatility.