RenaissanceRe Holdings (Germany) Market Value
| RRJ Stock | EUR 238.00 6.00 2.59% |
| Symbol | RenaissanceRe |
RenaissanceRe Holdings '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 RenaissanceRe Holdings' 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 RenaissanceRe Holdings.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in RenaissanceRe Holdings on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding RenaissanceRe Holdings or generate 0.0% return on investment in RenaissanceRe Holdings over 30 days. RenaissanceRe Holdings is related to or competes with MUENCHRUECKUNSADR, Swiss Re, HANNRUECKVSE ADR, Everest Group, Reinsurance Group, SCOR SE, and COFACE SA. RenaissanceRe Holdings Ltd. provides reinsurance and insurance products in the United States and internationally More
RenaissanceRe Holdings 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 RenaissanceRe Holdings' 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 RenaissanceRe Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.9 | |||
| Information Ratio | 0.0151 | |||
| Maximum Drawdown | 11.87 | |||
| Value At Risk | (3.91) | |||
| Potential Upside | 3.17 |
RenaissanceRe Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RenaissanceRe Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RenaissanceRe Holdings' standard deviation. In reality, there are many statistical measures that can use RenaissanceRe Holdings historical prices to predict the future RenaissanceRe Holdings' volatility.| Risk Adjusted Performance | 0.0298 | |||
| Jensen Alpha | 0.0292 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0117 | |||
| Treynor Ratio | 0.0463 |
RenaissanceRe Holdings Backtested Returns
At this point, RenaissanceRe Holdings is very steady. RenaissanceRe Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.0181, which implies the firm had a 0.0181% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for RenaissanceRe Holdings, which you can use to evaluate the volatility of the company. Please check RenaissanceRe Holdings' Risk Adjusted Performance of 0.0298, semi deviation of 2.25, and Coefficient Of Variation of 3389.81 to confirm if the risk estimate we provide is consistent with the expected return of 0.0406%. RenaissanceRe Holdings has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 1.21, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, RenaissanceRe Holdings will likely underperform. RenaissanceRe Holdings right now holds a risk of 2.25%. Please check RenaissanceRe Holdings potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to decide if RenaissanceRe Holdings will be following its historical price patterns.
Auto-correlation | -0.16 |
Insignificant reverse predictability
RenaissanceRe Holdings has insignificant reverse predictability. Overlapping area represents the amount of predictability between RenaissanceRe Holdings time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 RenaissanceRe Holdings price movement. The serial correlation of -0.16 indicates that over 16.0% of current RenaissanceRe Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 97.93 |
RenaissanceRe Holdings lagged returns against current returns
Autocorrelation, which is RenaissanceRe Holdings 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 RenaissanceRe Holdings' stock expected returns. We can calculate the autocorrelation of RenaissanceRe Holdings returns to help us make a trade decision. For example, suppose you find that RenaissanceRe Holdings 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 |
RenaissanceRe Holdings 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 RenaissanceRe Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RenaissanceRe Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RenaissanceRe Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
RenaissanceRe Holdings Lagged Returns
When evaluating RenaissanceRe Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RenaissanceRe Holdings stock have on its future price. RenaissanceRe Holdings 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, RenaissanceRe Holdings autocorrelation shows the relationship between RenaissanceRe Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in RenaissanceRe Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in RenaissanceRe Stock
When determining whether RenaissanceRe Holdings is a strong investment it is important to analyze RenaissanceRe Holdings' 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 RenaissanceRe Holdings' future performance. For an informed investment choice regarding RenaissanceRe Stock, refer to the following important reports:Check out RenaissanceRe Holdings Correlation, RenaissanceRe Holdings Volatility and RenaissanceRe Holdings Alpha and Beta module to complement your research on RenaissanceRe Holdings. For more detail on how to invest in RenaissanceRe Stock please use our How to Invest in RenaissanceRe Holdings guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
RenaissanceRe Holdings 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.