Renew Energy Global Stock Price on October 14, 2024
| RNWWW Stock | USD 0.29 0.02 6.45% |
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 0.29, as last reported on the 28th of November, with the highest price reaching 0.31 and the lowest price hitting 0.29 during the day. At this stage we consider ReNew Stock to be out of control. ReNew Energy Global maintains Sharpe Ratio (i.e., Efficiency) of 0.0029, which implies the firm had a 0.0029% return per unit of standard deviation 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 0.0516, semi deviation of 9.7, and Market Risk Adjusted Performance of 0.3432 to confirm if the risk estimate we provide is consistent with the expected return of 0.0341%.
Common Stock Shares Outstanding is likely to drop to about 312.1 M in 2024. Total Stockholder Equity is likely to drop to about 102.8 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 = 0.0029
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| Negative Returns | RNWWW |
Estimated Market Risk
| 11.86 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ReNew Energy is not performing at its full potential. However, 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 ReNew Energy to a well-diversified portfolio.
Book Value 290.149 | Shares Float 69.4 M | Shares Short Prior Month 363 | Earnings Share (0.22) | Shares Short 5 |
ReNew Energy Valuation on October 14, 2024
It is possible to determine the worth of ReNew Energy on a given historical date. On October 14, 2024 ReNew was worth 0.29 at the beginning of the trading date compared to the closed value of 0.29. 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 | |
| 0.29 | 0.29 | 0.29 | 0.29 | 557.00 | |
10/14/2024 | 0.29 | 0.29 | 0.29 | 0.29 | 1,200 |
| 0.28 | 0.28 | 0.28 | 0.28 | 807.00 |
| Backtest ReNew Energy | | | ReNew Energy History | | | ReNew Energy Valuation | Previous | Next |
ReNew Energy Trading Date Momentum on October 14, 2024
| On October 15 2024 ReNew Energy Global was traded for 0.28 at the closing time. The highest daily price throughout the period was 0.28 and the lowest price was 0.28 . The daily volume was 807. The net trading volume on 10/15/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 3.45% . The trading delta at closing time to current closing price is 6.90% . |
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 | 362.6 M | 312.1 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 | November 28, 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 November 28, 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 | 0.0516 | |||
| Jensen Alpha | 0.4414 | |||
| Total Risk Alpha | (1.20) | |||
| Sortino Ratio | 0.0481 | |||
| Treynor Ratio | 0.3332 |
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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.