Renew Energy Global Stock Price on August 27, 2024
| RNW Stock | USD 6.03 0.06 0.99% |
If you're considering investing in Renew Stock, it is important to understand the factors that can impact its price. As of today, the current price of Renew Energy stands at 6.03, as last reported on the 1st of December, with the highest price reaching 6.12 and the lowest price hitting 5.99 during the day. At this stage we consider Renew Stock to be somewhat reliable. Renew Energy Global maintains Sharpe Ratio (i.e., Efficiency) of 0.0551, which implies the firm had a 0.0551% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Renew Energy Global, which you can use to evaluate the volatility of the company. Please check Renew Energy's Risk Adjusted Performance of 0.061, semi deviation of 2.13, and Coefficient Of Variation of 1392.73 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%.
Other Stockholder Equity is likely to drop to about 106.4 B in 2024. Common Stock is likely to drop to about 4.7 B in 2024. Price Earnings Ratio is likely to climb to 56.38 in 2024, whereas Price To Sales Ratio is likely to drop 2.14 in 2024. Renew Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Renew |
Sharpe Ratio = 0.0551
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | RNW | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.01 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Renew Energy is performing at about 4% 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 Renew Energy by adding it to a well-diversified portfolio.
Price Book 1.6419 | Enterprise Value Ebitda 11.3477 | Price Sales 0.0266 | Shares Float 69.4 M | Wall Street Target Price 734.1199 |
Renew Energy Main Headline on 27th of August 2024
ReNew unterzeichnet 437.6 MW Vertrag ber ko-Attribute mit Mi... by businesswire.com
ReNew, Indiens fhrender Energiekonzern , hat einen Vertrag ber erneuerbare Energien im Umfang von 437,6 MW mit Microsoft unterzeichnet
Renew Energy Valuation on August 27, 2024
It is possible to determine the worth of Renew Energy on a given historical date. On August 27, 2024 Renew was worth 5.78 at the beginning of the trading date compared to the closed value of 5.69. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Renew Energy stock. Still, in general, we apply an absolute valuation method to find Renew Energy'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 Renew Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Renew Energy's related companies.
| Open | High | Low | Close | Volume | |
| 5.70 | 5.75 | 5.65 | 5.69 | 943,083 | |
08/27/2024 | 5.78 | 6.01 | 5.66 | 5.69 | 767,391 |
| 5.65 | 5.71 | 5.55 | 5.56 | 366,865 |
| Backtest Renew Energy | | | Renew Energy History | | | Renew Energy Valuation | Previous | Next |
Renew Energy Trading Date Momentum on August 27, 2024
| On August 28 2024 Renew Energy Global was traded for 5.56 at the closing time. Highest Renew Energy's price during the trading hours was 5.71 and the lowest price during the day was 5.55 . The net volume was 366.9 K. The overall trading history on the 28th of August contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 2.28% . The trading delta at closing time to current price is 3.51% . |
Renew Energy Global Fundamentals Correlations and Trends
By evaluating Renew Energy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Renew Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Renew financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Renew Energy Stock history
Renew Energy 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 Renew is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Renew Energy Global 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 Renew Energy stock prices may prove useful in developing a viable investing in Renew Energy
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 365.5 M | 312.5 M | |
| Net Loss | -14.5 B | -13.7 B |
Renew Energy Stock Technical Analysis
Renew Energy 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
Renew Energy Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Renew Energy Global cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
Renew Energy December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Renew Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Renew Energy shares will generate the highest return on investment. By undertsting and applying Renew Energy stock market strength indicators, traders can identify Renew Energy Global entry and exit signals to maximize returns
Renew Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Renew Energy's price direction in advance. Along with the technical and fundamental analysis of Renew Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Renew 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 | 0.061 | |||
| Jensen Alpha | 0.1051 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0021 | |||
| Treynor Ratio | 0.6158 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Renew Stock Analysis
When running Renew Energy's price analysis, check to measure Renew Energy'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 Renew Energy is operating at the current time. Most of Renew Energy's value examination focuses on studying past and present price action to predict the probability of Renew Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renew Energy's price. Additionally, you may evaluate how the addition of Renew Energy to your portfolios can decrease your overall portfolio volatility.