Renaissance Global Competition

0P0000760C

29.29 0.30 1.03%

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Renaissance Global Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Renaissance Global and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Renaissance and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Renaissance Global does not affect the price movement of the other competitor.

	0P0000706A	0P00007069	0P0000IUYO	0P0001FAU8	0P00012UCU	0P00007149
0P0000706A		0.62	0.66	0.89	0.63	0.18	0P0000706A
0P00007069	0.62		0.8	0.72	0.96	0.33	0P00007069
0P0000IUYO	0.66	0.8		0.74	0.8	0.29	0P0000IUYO
0P0001FAU8	0.89	0.72	0.74		0.72	0.41	0P0001FAU8
0P00012UCU	0.63	0.96	0.8	0.72		0.13	0P00012UCU
0P00007149	0.18	0.33	0.29	0.41	0.13		0P00007149
	0P0000706A	0P00007069	0P0000IUYO	0P0001FAU8	0P00012UCU	0P00007149

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Risk-Adjusted Indicators

There is a big difference between Renaissance Fund performing well and Renaissance Global Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Renaissance Global's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
0P0000706A	0.26	0.08	(0.01)	1.51	0.00	(0.31)	0.59	(0.48)	1.58
0P00007069	0.30	0.06	(0.03)	0.35	0.00	(0.35)	0.60	(0.55)	1.99
0P0000IUYO	0.46	0.06	(0.02)	0.31	0.34	(0.56)	1.19	(0.82)	2.60
0P0001FAU8	0.23	0.03	(0.16)	0.25	0.04	(0.28)	0.55	(0.39)	1.24
0P00012UCU	0.52	0.10	0.08	0.30	0.30	(0.61)	1.15	(0.77)	3.15
0P00007149	0.46	(0.02)	(0.12)	0.02	0.63	(0.48)	0.91	(1.00)	2.69

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Renaissance Global Competitive Analysis

The better you understand Renaissance Global competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Renaissance Global's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Renaissance Global's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	0P0000760C	0P0000706A	0P00007069	0P0000IUYO	0P0001FAU8	0P00012UCU	0P00007149
	1.03 29.29 Renaissance	0.34 35.69 RBC	0.45 42.09 RBC	0.05 39.10 Edgepoint	0.30 13.22 0P0001FAU8	0.74 28.59 RBC	0.19 79.99 Mawer
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Good	Solid	Solid	Good	Good	Solid	Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Unknown	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Over Valued	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Sell	Hold	Strong Hold	Hold	Strong Buy	Hold
Cash Position Weight		3.41 %	3.07 %	6.31 %	1.47 %	0.79 %	4.18 %
Equity Positions Weight		59.73 %	74.82 %	93.69 %	47.40 %	99.21 %	95.82 %
Three Year Return		2.41 %	2.40 %	(1.18) %	N/A	10.08 %	2.93 %
Net Asset		30.68 B	8.86 B	6.78 B	6.52 B	6.26 B	5.69 B
Minimum Initial Investment		500	500	20 K	100	500	5 K
Five Year Return		3.60 %	3.88 %	3.90 %	N/A	10.36 %	5.50 %
One Year Return		(1.59) %	(2.91) %	(18.06) %	N/A	10.97 %	(3.67) %
Bond Positions Weight		33.88 %	19.88 %	N/A	40.77 %	N/A	N/A
Ten Year Return		5.75 %	6.15 %	9.60 %	N/A	N/A	9.03 %
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	9.2 T	(9,223,372,036,855)	9.2 T	9.2 T
Day Typical Price	29.29	35.69	42.09	39.1	13.22	28.59	79.99
Period Momentum Indicator	0.3	0.12	0.19	0.02	(0.04)	0.21	0.15
Rate Of Daily Change	1.01	1.0	1.0	1.0	1.0	1.01	1.0
Day Median Price	29.29	35.69	42.09	39.1	13.22	28.59	79.99
Price Action Indicator	0.15	0.06	0.095	0.01	(0.02)	0.11	0.075
Coefficient Of Variation	514.01	341.52	432.3	660.63	511.9	447.87	3969.29
Mean Deviation	0.6264	0.2591	0.2988	0.4643	0.2329	0.5222	0.4609
Jensen Alpha	0.1524	0.0809	0.0595	0.0553	0.0298	0.0965	(0.02)
Total Risk Alpha	0.0518	0.0453	0.0318	0.0058	0.0105	0.0554	(0.07)
Sortino Ratio	0.0765	(0.01)	(0.03)	(0.02)	(0.16)	0.0842	(0.12)
Downside Variance	0.8619	0.0896	0.1354	0.2758	0.0715	0.3165	0.4709
Standard Deviation	0.8796	0.3281	0.3907	0.5839	0.289	0.6606	0.6001
Kurtosis	2.81	(0.05)	0.4963	(0.26)	(0.43)	0.373	0.6284
Potential Upside	1.29	0.5947	0.5959	1.19	0.546	1.15	0.9071
Treynor Ratio	1.67	1.51	0.3475	0.3063	0.2512	0.3026	0.0218
Maximum Drawdown	5.84	1.58	1.99	2.6	1.24	3.15	2.69
Variance	0.7738	0.1076	0.1527	0.341	0.0835	0.4363	0.3601
Market Risk Adjusted Performance	1.68	1.52	0.3575	0.3163	0.2612	0.3126	0.0318
Risk Adjusted Performance	0.1428	0.2002	0.1592	0.1073	0.1266	0.1609	0.0162
Skewness	(0.14)	0.0679	0.2156	0.2104	0.1979	0.4113	(0.65)
Semi Deviation	0.6389	0.0	0.0	0.3413	0.0355	0.2994	0.6281
Information Ratio	0.0807	(0.01)	(0.02)	(0.02)	(0.15)	0.0717	(0.14)
Value At Risk	(1.20)	(0.48)	(0.55)	(0.82)	(0.39)	(0.77)	(1.00)
Expected Short fall	(0.71)	(0.31)	(0.35)	(0.56)	(0.28)	(0.61)	(0.48)
Downside Deviation	0.9284	0.2993	0.368	0.5251	0.2674	0.5626	0.6862
Semi Variance	0.4082	(0.04)	(0.01)	0.1165	0.0013	0.0896	0.3945

Renaissance Global Competition Performance Charts

Five steps to successful analysis of Renaissance Global Competition

Renaissance Global's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Renaissance Global in relation to its competition. Renaissance Global's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Renaissance Global in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Renaissance Global's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Renaissance Global, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Renaissance Global position

In addition to having Renaissance Global in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Beers

Companies involved in production and distribution of domestic and international beer. The Beers theme has 37 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Beers Theme or any other thematic opportunities.

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