RenaissanceRe Holdings (Germany) Probability of Future Stock Price Finishing Under 242.88
| RRJ Stock | EUR 238.00 6.00 2.59% |
RenaissanceRe |
RenaissanceRe Holdings Target Price Odds to finish below 242.88
The tendency of RenaissanceRe Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under € 242.88 after 90 days |
| 238.00 | 90 days | 242.88 | about 24.4 |
Based on a normal probability distribution, the odds of RenaissanceRe Holdings to stay under € 242.88 after 90 days from now is about 24.4 (This RenaissanceRe Holdings probability density function shows the probability of RenaissanceRe Stock to fall within a particular range of prices over 90 days) . Probability of RenaissanceRe Holdings price to stay between its current price of € 238.00 and € 242.88 at the end of the 90-day period is about 11.88 .
Assuming the 90 days horizon the stock has the beta coefficient of 1.21 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, RenaissanceRe Holdings will likely underperform. Additionally RenaissanceRe Holdings has an alpha of 0.0292, implying that it can generate a 0.0292 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). RenaissanceRe Holdings Price Density |
| Price |
Predictive Modules for RenaissanceRe Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as RenaissanceRe Holdings. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.RenaissanceRe Holdings Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. RenaissanceRe Holdings is not an exception. The market had few large corrections towards the RenaissanceRe Holdings' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold RenaissanceRe Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of RenaissanceRe Holdings within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.03 | |
β | Beta against Dow Jones | 1.21 | |
σ | Overall volatility | 10.79 | |
Ir | Information ratio | 0.02 |
RenaissanceRe Holdings Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of RenaissanceRe Holdings for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for RenaissanceRe Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the revenue of 5.05 B. Net Loss for the year was (1.06 B) with loss before overhead, payroll, taxes, and interest of (787.92 M). | |
| Over 99.0% of the company shares are owned by institutional investors |
RenaissanceRe Holdings Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of RenaissanceRe Stock often depends not only on the future outlook of the current and potential RenaissanceRe Holdings' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. RenaissanceRe Holdings' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 43.7 M |
RenaissanceRe Holdings Technical Analysis
RenaissanceRe Holdings' future price can be derived by breaking down and analyzing its technical indicators over time. RenaissanceRe Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of RenaissanceRe Holdings. In general, you should focus on analyzing RenaissanceRe Stock price patterns and their correlations with different microeconomic environments and drivers.
RenaissanceRe Holdings Predictive Forecast Models
RenaissanceRe Holdings' time-series forecasting models is one of many RenaissanceRe Holdings' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary RenaissanceRe Holdings' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about RenaissanceRe Holdings
Checking the ongoing alerts about RenaissanceRe Holdings for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for RenaissanceRe Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reported the revenue of 5.05 B. Net Loss for the year was (1.06 B) with loss before overhead, payroll, taxes, and interest of (787.92 M). | |
| Over 99.0% of the company shares are owned by institutional investors |
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 Backtesting, RenaissanceRe Holdings Valuation, RenaissanceRe Holdings Correlation, RenaissanceRe Holdings Hype Analysis, RenaissanceRe Holdings Volatility, RenaissanceRe Holdings History as well as RenaissanceRe Holdings Performance. 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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.