Renaissancere Holdings Stock Probability of Future Stock Price Finishing Over 124.67
| RNR Stock | USD 222.84 6.44 2.98% |
Closest to current price Renaissancere long CALL Option Payoff at Expiration
Renaissancere |
Renaissancere Holdings Target Price Odds to finish over 124.67
The tendency of Renaissancere Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 124.67 in 90 days |
| 222.84 | 90 days | 124.67 | close to 99 |
Based on a normal probability distribution, the odds of Renaissancere Holdings to stay above $ 124.67 in 90 days from now is close to 99 (This Renaissancere Holdings probability density function shows the probability of Renaissancere Stock to fall within a particular range of prices over 90 days) . Probability of Renaissancere Holdings price to stay between $ 124.67 and its current price of $222.84 at the end of the 90-day period is about 42.79 .
Considering the 90-day investment horizon Renaissancere Holdings has a beta of -0.0425 indicating as returns on the benchmark increase, returns on holding Renaissancere Holdings are expected to decrease at a much lower rate. During a bear market, however, Renaissancere Holdings is likely to outperform the market. Additionally Renaissancere Holdings has an alpha of 0.1014, implying that it can generate a 0.1 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Renaissancere Holdings Price Density |
| Price |
Predictive Modules for Renaissancere Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Renaissancere Holdings. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Renaissancere Holdings' 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.
Renaissancere Holdings Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Renaissancere Holdings is not an exception. The market had few large corrections towards the Renaissancere Holdings' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Renaissancere Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Renaissancere Holdings within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.10 | |
β | Beta against NYSE Composite | -0.04 | |
σ | Overall volatility | 8.60 | |
Ir | Information ratio | 0.03 |
Renaissancere Holdings Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Renaissancere Holdings for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Renaissancere Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Renaissancere Holdings is unlikely to experience financial distress in the next 2 years | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Louisiana State Employees Retirement System Invests 2.88 Million in RenaissanceRe Holdings Ltd. - MarketBeat |
Renaissancere Holdings Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Renaissancere Stock often depends not only on the future outlook of the current and potential Renaissancere Holdings' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Renaissancere Holdings' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 47.6 M | |
| Cash And Short Term Investments | 6.5 B |
Renaissancere Holdings Technical Analysis
Renaissancere Holdings' future price can be derived by breaking down and analyzing its technical indicators over time. Renaissancere Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Renaissancere Holdings. In general, you should focus on analyzing Renaissancere Stock price patterns and their correlations with different microeconomic environments and drivers.
Renaissancere Holdings Predictive Forecast Models
Renaissancere Holdings' time-series forecasting models is one of many Renaissancere Holdings' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Renaissancere Holdings' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Renaissancere Holdings
Checking the ongoing alerts about Renaissancere Holdings for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Renaissancere Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Renaissancere Holdings is unlikely to experience financial distress in the next 2 years | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Louisiana State Employees Retirement System Invests 2.88 Million in RenaissanceRe Holdings Ltd. - MarketBeat |
Check out Renaissancere Holdings Backtesting, Renaissancere Holdings Valuation, Renaissancere Holdings Correlation, Renaissancere Holdings Hype Analysis, Renaissancere Holdings Volatility, Renaissancere Holdings History as well as Renaissancere Holdings Performance. To learn how to invest in Renaissancere Stock, please use our How to Invest in Renaissancere Holdings guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Renaissancere Stock analysis
When running Renaissancere Holdings' price analysis, check to measure Renaissancere Holdings' 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 Renaissancere Holdings is operating at the current time. Most of Renaissancere Holdings' value examination focuses on studying past and present price action to predict the probability of Renaissancere Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renaissancere Holdings' price. Additionally, you may evaluate how the addition of Renaissancere Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Renaissancere Holdings' industry 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 Renaissancere Holdings. If investors know Renaissancere 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 Renaissancere Holdings 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 1.914 | Dividend Share 1.52 | Earnings Share 52.26 | Revenue Per Share 193.209 | Quarterly Revenue Growth 0.598 |
The market value of Renaissancere Holdings is measured differently than its book value, which is the value of Renaissancere that is recorded on the company's balance sheet. Investors also form their own opinion of Renaissancere Holdings' value that differs from its market value or its book value, called intrinsic value, which is Renaissancere Holdings' 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 Renaissancere Holdings' market value can be influenced by many factors that don't directly affect Renaissancere Holdings' 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 Renaissancere Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Renaissancere Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renaissancere Holdings' 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.