Renaissance Europe (Germany) Market Value
| 0P0001C9BZ | 275.13 3.81 1.40% |
| Symbol | Renaissance |
Renaissance Europe 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Renaissance Europe's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Renaissance Europe.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Renaissance Europe on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Renaissance Europe Z or generate 0.0% return on investment in Renaissance Europe over 30 days.
Renaissance Europe Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Renaissance Europe's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Renaissance Europe Z upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.32 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 1.4 |
Renaissance Europe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renaissance Europe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renaissance Europe's standard deviation. In reality, there are many statistical measures that can use Renaissance Europe historical prices to predict the future Renaissance Europe's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.59) |
Renaissance Europe Backtested Returns
Renaissance Europe maintains Sharpe Ratio (i.e., Efficiency) of -0.0541, which implies the entity had a -0.0541 % return per unit of risk over the last 3 months. Renaissance Europe exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Renaissance Europe's Coefficient Of Variation of (1,847), variance of 0.7757, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The fund holds a Beta of 0.0977, which implies not very significant fluctuations relative to the market. As returns on the market increase, Renaissance Europe's returns are expected to increase less than the market. However, during the bear market, the loss of holding Renaissance Europe is expected to be smaller as well.
Auto-correlation | -0.47 |
Modest reverse predictability
Renaissance Europe Z has modest reverse predictability. Overlapping area represents the amount of predictability between Renaissance Europe time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Renaissance Europe price movement. The serial correlation of -0.47 indicates that about 47.0% of current Renaissance Europe price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 2.41 |
Renaissance Europe lagged returns against current returns
Autocorrelation, which is Renaissance Europe fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Renaissance Europe's fund expected returns. We can calculate the autocorrelation of Renaissance Europe returns to help us make a trade decision. For example, suppose you find that Renaissance Europe has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Renaissance Europe regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Renaissance Europe fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renaissance Europe fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renaissance Europe fund over time.
Current vs Lagged Prices |
| Timeline |
Renaissance Europe Lagged Returns
When evaluating Renaissance Europe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renaissance Europe fund have on its future price. Renaissance Europe autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Renaissance Europe autocorrelation shows the relationship between Renaissance Europe fund current value and its past values and can show if there is a momentum factor associated with investing in Renaissance Europe Z.
Regressed Prices |
| Timeline |
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