Renaissance Ipo Etf Profile
| IPO Etf | USD 46.33 0.31 0.66% |
Performance11 of 100
| Odds Of DistressLess than 40
|
Renaissance IPO is selling at 46.33 as of the 28th of November 2024; that is 0.66 percent decrease since the beginning of the trading day. The etf's open price was 46.64. Renaissance IPO has about a 40 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for Renaissance IPO ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of August 2024 and ending today, the 28th of November 2024. Click here to learn more.
The fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the index. Renaissance IPO is traded on NYSEARCA Exchange in the United States. The company has 540.68 M outstanding shares. More on Renaissance IPO ETF
Moving together with Renaissance Etf
Renaissance Etf Highlights
| Thematic Ideas | (View all Themes) |
| Old Names | [HEIDELBERGER BETHLD, HEIDELBERGER BETHLD - Dusseldorf Stock Exchang, HEIDELBERGER BETHLD, HEIDELBERGER BETHLD (IPO.SG), Heidelberger Beteiligungsholding AG, Nexxchange AG] |
| Business Concentration | WSE WIG INDEX, Strategy ETFs, Theme ETFs, Mid-Cap Growth, Renaissance Capital (View all Sectors) |
| Issuer | Renaissance Capital |
| Inception Date | 2013-10-14 |
| Benchmark | Renaissance IPO Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 160.98 Million |
| Average Trading Valume | 45,296.5 |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | State Street Bank and Trust Company |
| Advisor | Renaissance Capital LLC |
| Custodian | State Street Bank and Trust Company |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Linda R. Killian, William K. Smith |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 31-Oct |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 33.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.6 |
| Management Fee | 0.6 |
| Country Name | USA |
| Returns Y T D | 23.73 |
| Name | Renaissance IPO ETF |
| Currency Code | USD |
| Open Figi | BBG005DPDYG2 |
| In Threey Volatility | 32.04 |
| 1y Volatility | 27.68 |
| 200 Day M A | 40.8394 |
| 50 Day M A | 44.1702 |
| Code | IPO |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
Renaissance IPO ETF [IPO] is traded in USA and was established 2013-10-16. The fund is classified under Mid-Cap Growth category within Renaissance Capital family. The entity is thematically classified as Strategy ETFs. Renaissance IPO ETF currently have 156.12 M in assets under management (AUM). , while the total return for the last 3 years was -10.1%.
Renaissance IPO ETF has about 94.21 M in cash with (37.6 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of -0.0695.
Check Renaissance IPO Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Renaissance Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Renaissance Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Renaissance IPO ETF Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Renaissance IPO ETF Etf Constituents
| PEN | Penumbra | Stock | Health Care | |
| VVV | Valvoline | Stock | Materials | |
| ELAN | Elanco Animal Health | Stock | Health Care | |
| RBLX | Roblox Corp | Stock | Communication Services | |
| NET | Cloudflare | Stock | Information Technology | |
| USFD | US Foods Holding | Stock | Consumer Staples | |
| LYFT | LYFT Inc | Stock | Industrials | |
| BGNE | BeiGene | Stock | Health Care |
Renaissance IPO Top Holders
| DUDE | DUDE | Etf | Tactical Allocation | |
| SMILX | Smi Servative Allocation | Mutual Fund | Allocation--70% to 85% Equity | |
| SMIFX | Sound Mind Investing | Mutual Fund | Allocation--85%+ Equity |
Renaissance IPO ETF Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Renaissance IPO. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.1062 | |||
| Jensen Alpha | 0.0176 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0208 |
Renaissance IPO Against Markets
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Renaissance IPO ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
The market value of Renaissance IPO ETF is measured differently than its book value, which is the value of Renaissance that is recorded on the company's balance sheet. Investors also form their own opinion of Renaissance IPO's value that differs from its market value or its book value, called intrinsic value, which is Renaissance IPO'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 Renaissance IPO's market value can be influenced by many factors that don't directly affect Renaissance IPO'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 Renaissance IPO's value and its price as these two are different measures arrived at by different means. Investors typically determine if Renaissance IPO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renaissance IPO'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.