Renuka Agri (Sri Lanka) Price on October 17, 2023
| RALN0000 | LKR 3.60 0.10 2.70% |
If you're considering investing in Renuka Stock, it is important to understand the factors that can impact its price. As of today, the current price of Renuka Agri stands at 3.60, as last reported on the 16th of December 2024, with the highest price reaching 3.70 and the lowest price hitting 3.60 during the day. Renuka Agri appears to be unstable, given 3 months investment horizon. Renuka Agri Foods maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Renuka Agri Foods, which you can use to evaluate the volatility of the company. Please evaluate Renuka Agri's Coefficient Of Variation of 796.11, semi deviation of 1.72, and Risk Adjusted Performance of 0.0986 to confirm if our risk estimates are consistent with your expectations.
Renuka Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Renuka |
Sharpe Ratio = 0.134
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Estimated Market Risk
| 3.02 actual daily | 26 74% of assets are more volatile |
Expected Return
| 0.4 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Renuka Agri is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Renuka Agri by adding it to a well-diversified portfolio.
Renuka Agri Valuation on October 17, 2023
It is possible to determine the worth of Renuka Agri on a given historical date. On October 17, 2023 Renuka was worth 4.4 at the beginning of the trading date compared to the closed value of 4.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Renuka Agri stock. Still, in general, we apply an absolute valuation method to find Renuka Agri's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Renuka Agri where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Renuka Agri's related companies.
| Open | High | Low | Close | Volume | |
| 4.50 | 4.70 | 4.40 | 4.40 | 39,482 | |
10/17/2023 | 4.40 | 4.60 | 4.30 | 4.30 | 592,382 |
| 4.30 | 4.50 | 4.30 | 4.40 | 108,112 |
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Renuka Agri Trading Date Momentum on October 17, 2023
| On October 18 2023 Renuka Agri Foods was traded for 4.40 at the closing time. The highest price during the trading period was 4.50 and the lowest recorded bid was listed for 4.30 . The volume for the day was 108.1 K. This history from October 18, 2023 contributed to the next trading day price jump. The trading delta at closing time to the next closing price was 2.33% . The trading delta at closing time to the current price is 2.33% . |
About Renuka Agri Stock history
Renuka Agri investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Renuka is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Renuka Agri Foods will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Renuka Agri stock prices may prove useful in developing a viable investing in Renuka Agri
Renuka Agri Stock Technical Analysis
Renuka Agri 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.
Price Boundaries
Renuka Agri Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
Renuka Agri Foods cannot be verified against its exchange. Please verify the symbol is currently traded on Colombo Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Renuka Agri December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Renuka Agri stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Renuka Agri shares will generate the highest return on investment. By undertsting and applying Renuka Agri stock market strength indicators, traders can identify Renuka Agri Foods entry and exit signals to maximize returns
Renuka Agri Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Renuka Agri's price direction in advance. Along with the technical and fundamental analysis of Renuka Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Renuka to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0986 | |||
| Jensen Alpha | 0.4306 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0832 | |||
| Treynor Ratio | (0.46) |
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| Volume Indicators |
Complementary Tools for Renuka Stock analysis
When running Renuka Agri's price analysis, check to measure Renuka Agri's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Renuka Agri is operating at the current time. Most of Renuka Agri's value examination focuses on studying past and present price action to predict the probability of Renuka Agri's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renuka Agri's price. Additionally, you may evaluate how the addition of Renuka Agri to your portfolios can decrease your overall portfolio volatility.
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