Renw Etf Current Ratio
RENW fundamentals help investors to digest information that contributes to RENW's financial success or failures. It also enables traders to predict the movement of RENW Etf. The fundamental analysis module provides a way to measure RENW's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to RENW etf.
RENW |
RENW ETF Current Ratio Analysis
RENW's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
CompetitionIn accordance with the recently published financial statements, RENW has a Current Ratio of 0.0 times. This indicator is about the same for the BOON average (which is currently at 0.0) family and about the same as Commodities Focused (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
RENW Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses RENW's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of RENW could also be used in its relative valuation, which is a method of valuing RENW by comparing valuation metrics of similar companies.RENW is currently under evaluation in current ratio as compared to similar ETFs.
Fund Asset Allocation for RENW
The fund invests 99.72% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides RENW's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
RENW Fundamentals
| Number Of Employees | 565 | |||
| Total Asset | 2.69 M | |||
| One Year Return | 5.60 % | |||
| Net Asset | 2.69 M | |||
| Last Dividend Paid | 0.36 | |||
| Equity Positions Weight | 99.72 % |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Other Tools for RENW Etf
When running RENW's price analysis, check to measure RENW'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 RENW is operating at the current time. Most of RENW's value examination focuses on studying past and present price action to predict the probability of RENW's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RENW's price. Additionally, you may evaluate how the addition of RENW to your portfolios can decrease your overall portfolio volatility.
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