Renn Fund Market Value
| RCG Stock | USD 2.71 0.06 2.17% |
| Symbol | RENN |
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of RENN Fund. If investors know RENN will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about RENN Fund listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of RENN Fund is measured differently than its book value, which is the value of RENN that is recorded on the company's balance sheet. Investors also form their own opinion of RENN Fund's value that differs from its market value or its book value, called intrinsic value, which is RENN Fund's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because RENN Fund's market value can be influenced by many factors that don't directly affect RENN Fund's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between RENN Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine if RENN Fund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RENN Fund's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
RENN Fund '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 RENN Fund's stock 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 RENN Fund.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in RENN Fund on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding RENN Fund or generate 0.0% return on investment in RENN Fund over 360 days. RENN Fund is related to or competes with Ellsworth Convertible, Delaware Investments, Nuveen New, John Hancock, Clough Global, Clough Global, and Voya Asia. RENN Fund, Inc. is a closed ended equity mutual fund launched by RENN Capital Group, Inc More
RENN Fund 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 RENN Fund's stock 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 RENN Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.18 | |||
| Information Ratio | 0.163 | |||
| Maximum Drawdown | 24.75 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 4.19 |
RENN Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RENN Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RENN Fund's standard deviation. In reality, there are many statistical measures that can use RENN Fund historical prices to predict the future RENN Fund's volatility.| Risk Adjusted Performance | 0.1622 | |||
| Jensen Alpha | 0.6658 | |||
| Total Risk Alpha | 0.1565 | |||
| Sortino Ratio | 0.1617 | |||
| Treynor Ratio | (1.89) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of RENN Fund's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
RENN Fund Backtested Returns
RENN Fund appears to be unstable, given 3 months investment horizon. RENN Fund maintains Sharpe Ratio (i.e., Efficiency) of 0.2, which implies the firm had a 0.2% return per unit of standard deviation over the last 3 months. By inspecting RENN Fund's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please evaluate RENN Fund's Semi Deviation of 2.34, market risk adjusted performance of (1.88), and Risk Adjusted Performance of 0.1622 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, RENN Fund holds a performance score of 15. The company holds a Beta of -0.33, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning RENN Fund are expected to decrease at a much lower rate. During the bear market, RENN Fund is likely to outperform the market. Please check RENN Fund's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether RENN Fund's historical price patterns will revert.
Auto-correlation | -0.34 |
Poor reverse predictability
RENN Fund has poor reverse predictability. Overlapping area represents the amount of predictability between RENN Fund time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of RENN Fund price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current RENN Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
RENN Fund lagged returns against current returns
Autocorrelation, which is RENN Fund stock'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 RENN Fund's stock expected returns. We can calculate the autocorrelation of RENN Fund returns to help us make a trade decision. For example, suppose you find that RENN Fund has exhibited high autocorrelation historically, and you observe that the stock 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 |
RENN Fund 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 RENN Fund stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RENN Fund stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RENN Fund stock over time.
Current vs Lagged Prices |
| Timeline |
RENN Fund Lagged Returns
When evaluating RENN Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RENN Fund stock have on its future price. RENN Fund 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, RENN Fund autocorrelation shows the relationship between RENN Fund stock current value and its past values and can show if there is a momentum factor associated with investing in RENN Fund.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether RENN Fund is a strong investment it is important to analyze RENN Fund's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact RENN Fund's future performance. For an informed investment choice regarding RENN Stock, refer to the following important reports:Check out RENN Fund Correlation, RENN Fund Volatility and RENN Fund Alpha and Beta module to complement your research on RENN Fund. For more detail on how to invest in RENN Stock please use our How to Invest in RENN Fund guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
RENN Fund 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.