Renasant Stock Market Value
| RNST Stock | USD 37.62 0.26 0.69% |
| Symbol | Renasant |
Renasant Price To Book Ratio
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Renasant. If investors know Renasant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Renasant listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.595 | Dividend Share 0.88 | Earnings Share 3.08 | Revenue Per Share 11.931 | Quarterly Revenue Growth 0.363 |
The market value of Renasant is measured differently than its book value, which is the value of Renasant that is recorded on the company's balance sheet. Investors also form their own opinion of Renasant's value that differs from its market value or its book value, called intrinsic value, which is Renasant'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 Renasant's market value can be influenced by many factors that don't directly affect Renasant'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 Renasant's value and its price as these two are different measures arrived at by different means. Investors typically determine if Renasant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renasant'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.
Renasant 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Renasant's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Renasant.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Renasant on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Renasant or generate 0.0% return on investment in Renasant over 180 days. Renasant is related to or competes with Simmons First, Trustmark, Sandy Spring, Stock Yards, and ST Bancorp. Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth man... More
Renasant Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Renasant's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Renasant upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | 0.0175 | |||
| Maximum Drawdown | 15.74 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 3.62 |
Renasant Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renasant's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renasant's standard deviation. In reality, there are many statistical measures that can use Renasant historical prices to predict the future Renasant's volatility.| Risk Adjusted Performance | 0.065 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0248 | |||
| Treynor Ratio | 0.0863 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Renasant's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Renasant Backtested Returns
Currently, Renasant is very steady. Renasant maintains Sharpe Ratio (i.e., Efficiency) of 0.0682, which implies the firm had a 0.0682% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Renasant, which you can use to evaluate the volatility of the company. Please check Renasant's Semi Deviation of 1.55, risk adjusted performance of 0.065, and Coefficient Of Variation of 1311.69 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Renasant has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of 1.95, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Renasant will likely underperform. Renasant right now holds a risk of 2.37%. Please check Renasant potential upside, as well as the relationship between the accumulation distribution and price action indicator , to decide if Renasant will be following its historical price patterns.
Auto-correlation | 0.37 |
Below average predictability
Renasant has below average predictability. Overlapping area represents the amount of predictability between Renasant time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Renasant price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Renasant price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 4.75 |
Renasant lagged returns against current returns
Autocorrelation, which is Renasant stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Renasant's stock expected returns. We can calculate the autocorrelation of Renasant returns to help us make a trade decision. For example, suppose you find that Renasant has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Renasant regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Renasant stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renasant stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renasant stock over time.
Current vs Lagged Prices |
| Timeline |
Renasant Lagged Returns
When evaluating Renasant's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renasant stock have on its future price. Renasant autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Renasant autocorrelation shows the relationship between Renasant stock current value and its past values and can show if there is a momentum factor associated with investing in Renasant.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Renasant Stock Analysis
When running Renasant's price analysis, check to measure Renasant'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 Renasant is operating at the current time. Most of Renasant's value examination focuses on studying past and present price action to predict the probability of Renasant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renasant's price. Additionally, you may evaluate how the addition of Renasant to your portfolios can decrease your overall portfolio volatility.