Renew Energy Global Stock Buy Hold or Sell Recommendation
| RNWWW Stock | USD 0.49 0.04 8.89% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding ReNew Energy Global is 'Strong Sell'. Macroaxis provides ReNew Energy buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding RNWWW positions. The advice algorithm takes into account all of ReNew Energy's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting ReNew Energy's buy or sell advice are summarized below:
Real Value 0.45 | Hype Value 0.51 | Market Value 0.49 | Naive Value 0.51 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell ReNew Energy Global given historical horizon and risk tolerance towards ReNew Energy. When Macroaxis issues a 'buy' or 'sell' recommendation for ReNew Energy Global, the advice is generated through an automated system that utilizes algorithms and statistical models.
ReNew |
Execute ReNew Energy Buy or Sell Advice
The ReNew recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on ReNew Energy Global. Macroaxis does not own or have any residual interests in ReNew Energy Global or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute ReNew Energy's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Out of control | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Sell | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
ReNew Energy Trading Alerts and Improvement Suggestions
| ReNew Energy Global generated a negative expected return over the last 90 days | |
| ReNew Energy Global has high historical volatility and very poor performance | |
| ReNew Energy Global has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 78.22 B. Net Loss for the year was (2.47 B) with profit before overhead, payroll, taxes, and interest of 0. | |
| Latest headline from businesswire.com: Riassunto ReNew supera i 10 GW di risorse energetiche da fonti rinnovabili |
ReNew Energy Returns Distribution Density
The distribution of ReNew Energy's historical returns is an attempt to chart the uncertainty of ReNew Energy's future price movements. The chart of the probability distribution of ReNew Energy daily returns describes the distribution of returns around its average expected value. We use ReNew Energy Global price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of ReNew Energy returns is essential to provide solid investment advice for ReNew Energy.
| Mean Return | -0.53 | Value At Risk | -15.48 | Potential Upside | 12.68 | Standard Deviation | 8.78 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of ReNew Energy historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
ReNew Energy Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 110M | (221M) | (59M) | (1.0B) | (936M) | (889.2M) | |
| Investments | (53.7B) | (17.4B) | (124.7B) | (72.0B) | (64.8B) | (68.0B) | |
| Change In Cash | 3.0B | 7.6B | 7.7B | 9.8B | 11.3B | 11.8B | |
| Free Cash Flow | (4.2B) | 7.6B | (47.4B) | (20.8B) | (18.7B) | (19.6B) | |
| Depreciation | 11.2B | 12.0B | 13.8B | 15.9B | 18.3B | 13.7B | |
| Other Non Cash Items | 32.9B | 32.5B | 46.7B | 48.5B | 55.7B | 40.9B | |
| Capital Expenditures | 39.3B | 24.5B | 89.8B | 83.4B | 95.9B | 65.6B | |
| Net Income | (623M) | (5.1B) | (12.2B) | (2.5B) | (2.2B) | (2.3B) | |
| End Period Cash Flow | 13.1B | 20.7B | 28.4B | 38.2B | 43.9B | 24.3B |
ReNew Energy Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to ReNew Energy or Electric Utilities sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that ReNew Energy's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a ReNew stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.68 | |
β | Beta against NYSE Composite | 1.73 | |
σ | Overall volatility | 8.91 | |
Ir | Information ratio | -0.07 |
ReNew Energy Volatility Alert
ReNew Energy Global is displaying above-average volatility over the selected time horizon. ReNew Energy Global is a potential penny stock. Although ReNew Energy may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in ReNew Energy Global. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on ReNew instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.ReNew Energy Fundamentals Vs Peers
Comparing ReNew Energy's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze ReNew Energy's direct or indirect competition across all of the common fundamentals between ReNew Energy and the related equities. This way, we can detect undervalued stocks with similar characteristics as ReNew Energy or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of ReNew Energy's fundamental indicators could also be used in its relative valuation, which is a method of valuing ReNew Energy by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare ReNew Energy to competition |
| Fundamentals | ReNew Energy | Peer Average |
| Return On Equity | 0.0304 | -0.31 |
| Return On Asset | 0.0344 | -0.14 |
| Profit Margin | 0.04 % | (1.27) % |
| Operating Margin | 0.47 % | (5.51) % |
| Number Of Shares Shorted | 561 | 4.71 M |
| Revenue | 78.22 B | 9.43 B |
| EBITDA | 63.04 B | 3.9 B |
| Net Income | (2.47 B) | 570.98 M |
| Cash And Equivalents | 44.41 B | 2.7 B |
| Cash Per Share | 116.88 X | 5.01 X |
| Total Debt | 516.43 B | 5.32 B |
| Debt To Equity | 4.53 % | 48.70 % |
| Current Ratio | 1.52 X | 2.16 X |
| Book Value Per Share | 163.39 X | 1.93 K |
| Cash Flow From Operations | 62.57 B | 971.22 M |
| Earnings Per Share | (0.22) X | 3.12 X |
| Number Of Employees | 2.48 K | 18.84 K |
| Beta | 0.9 | -0.15 |
| Total Asset | 748.11 B | 29.47 B |
| Retained Earnings | (53.62 B) | 9.33 B |
| Working Capital | (4.08 B) | 1.48 B |
| Net Asset | 748.11 B |
ReNew Energy Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as ReNew . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.09 | |||
| Day Median Price | 0.49 | |||
| Day Typical Price | 0.49 | |||
| Price Action Indicator | 0.02 | |||
| Period Momentum Indicator | 0.04 | |||
| Relative Strength Index | 75.83 |
About ReNew Energy Buy or Sell Advice
When is the right time to buy or sell ReNew Energy Global? Buying financial instruments such as ReNew Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 391.7B | 516.4B | 593.9B | 438.3B | Total Assets | 641.3B | 748.1B | 860.3B | 649.3B |
Use Investing Ideas to Build Portfolios
In addition to having ReNew Energy in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Hedge Favorites Thematic Idea Now
Hedge Favorites
Hedge Funds pool capital from accredited individuals or institutional investors and invest in a variety of assets, often with complex portfolio-construction and risk-management techniques. The Hedge Favorites theme has 37 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Hedge Favorites Theme or any other thematic opportunities.
| View All Next | Launch |
Check out ReNew Energy Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary 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.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio |
Is ReNew Energy's 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 ReNew Energy. If investors know ReNew 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 ReNew Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.22) | Revenue Per Share 237.122 | Quarterly Revenue Growth 0.214 | Return On Assets 0.0344 | Return On Equity 0.0304 |
The market value of ReNew Energy Global is measured differently than its book value, which is the value of ReNew that is recorded on the company's balance sheet. Investors also form their own opinion of ReNew Energy's value that differs from its market value or its book value, called intrinsic value, which is ReNew Energy'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 ReNew Energy's market value can be influenced by many factors that don't directly affect ReNew Energy'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 ReNew Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if ReNew Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ReNew Energy'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.