Renaissance Global Science Fund Manager Performance Evaluation
| 0P0000760C | 29.29 0.30 1.03% |
The fund holds a Beta of 0.0965, which implies not very significant fluctuations relative to the market. As returns on the market increase, Renaissance Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Renaissance Global is expected to be smaller as well.
Risk-Adjusted Performance
12 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Renaissance Global Science are ranked lower than 12 (%) of all funds and portfolios of funds over the last 90 days. Despite somewhat weak basic indicators, Renaissance Global may actually be approaching a critical reversion point that can send shares even higher in January 2025.
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Renaissance Global Relative Risk vs. Return Landscape
If you would invest 2,684 in Renaissance Global Science on September 16, 2024 and sell it today you would earn a total of 245.00 from holding Renaissance Global Science or generate 9.13% return on investment over 90 days. Renaissance Global Science is generating 0.1426% of daily returns and assumes 0.8797% volatility on return distribution over the 90 days horizon. Simply put, 7% of funds are less volatile than Renaissance, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Renaissance Global Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renaissance Global's investment risk. Standard deviation is the most common way to measure market volatility of funds, such as Renaissance Global Science, and traders can use it to determine the average amount a Renaissance Global's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1621
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| Cash | 0P0000760C | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.88 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Renaissance Global is performing at about 12% 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 Renaissance Global by adding it to a well-diversified portfolio.
Things to note about Renaissance Global performance evaluation
Checking the ongoing alerts about Renaissance Global for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Renaissance Global help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Renaissance Global's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Renaissance Global's fund performance include:- Analyzing Renaissance Global's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Renaissance Global's stock is overvalued or undervalued compared to its peers.
- Examining Renaissance Global's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Renaissance Global's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Renaissance Global's management team can help you assess the Fund's leadership.
- Pay attention to analyst opinions and ratings of Renaissance Global's fund. These opinions can provide insight into Renaissance Global's potential for growth and whether the stock is currently undervalued or overvalued.
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