Renaissance International Ipo Etf Profile
| IPOS Etf | USD 13.40 0.05 0.37% |
Performance5 of 100
| Odds Of DistressLess than 9
|
Renaissance International is selling for under 13.40 as of the 23rd of April 2024; that is 0.37% increase since the beginning of the trading day. The etf's lowest day price was 13.3. Renaissance International has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Renaissance International IPO are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2023 and ending today, the 23rd of April 2024. Click here to learn more.
The fund normally invests at least 80 percent of its total assets in securities that comprise the index. Renaissance International is traded on NYSEARCA Exchange in the United States. More on Renaissance International IPO
Moving together with Renaissance Etf
| 0.79 | EFG | iShares MSCI EAFE | PairCorr |
| 0.63 | VIGI | Vanguard International | PairCorr |
| 0.9 | IHDG | WisdomTree International | PairCorr |
| 0.93 | IMTM | iShares MSCI Intl | PairCorr |
| 0.93 | CGXU | Capital Group Intern | PairCorr |
| 0.92 | DNL | WisdomTree Global | PairCorr |
| 0.92 | FPXI | First Trust International | PairCorr |
Moving against Renaissance Etf
| 0.78 | HUM | Humana Inc Earnings Call Tomorrow | PairCorr |
Renaissance Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Renaissance International's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Renaissance International or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Strategy ETFs (View all Themes) |
| Business Concentration | Strategy ETFs, Foreign Large Growth, Renaissance Capital (View all Sectors) |
| Issuer | Renaissance Capital |
| Inception Date | 2014-10-06 |
| Benchmark | Renaissance International IPO Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 5.38 Million |
| Average Trading Valume | 1,573.7 |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Alpha-Seeking |
| Market Concentration | Developed Markets |
| Region | Global ex-U.S. |
| Administrator | State Street Bank and Trust Company |
| Advisor | Renaissance Capital LLC |
| Custodian | State Street Bank and Trust Company |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Linda R. Killian, William K. Smith |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 31-Mar |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 54.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.8 |
| Management Fee | 0.8 |
| Country Name | USA |
| Returns Y T D | (5.02) |
| Name | Renaissance International IPO ETF |
| Currency Code | USD |
| In Threey Volatility | 26.12 |
| 1y Volatility | 24.22 |
| 200 Day M A | 13.884 |
| 50 Day M A | 13.583 |
| Code | IPOS |
| Updated At | 22nd of April 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (1.15) |
Renaissance International IPO [IPOS] is traded in USA and was established 2014-10-06. The fund is listed under Foreign Large Growth category and is part of Renaissance Capital family. The entity is thematically classified as Strategy ETFs. Renaissance International currently have 7.19 M in assets under management (AUM). , while the total return for the last 3 years was -27.9%.
Check Renaissance International Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Renaissance Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Renaissance Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Renaissance International IPO Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Renaissance International Currency Exposure
Renaissance International IPO holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Renaissance International will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Renaissance International IPO.
Top Renaissance International IPO Etf Constituents
| GOTO | GoTo Gojek Tokopedia | Stock | Software-Application |
| VOLCAR-B | Volvo Car AB | Stock | Auto Manufacturers |
| MONDE | Monde Nissin Corp | Stock | Food Products |
| HCM | HUTCHMED China | Stock | Health Care |
| DARK | Darktrace PLC | Stock | Information Technology |
| HEM | Hemnet Group AB | Stock | Internet Content & Information |
| ASTOR | Astor Enerji AS | Stock | Electrical Equipment & Parts |
Renaissance International Target Price Odds Analysis
Attributed to a normal probability distribution, the odds of Renaissance International jumping above the current price in 90 days from now is about 47.61%. The Renaissance International IPO probability density function shows the probability of Renaissance International etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 1.0694. This usually indicates Renaissance International IPO market returns are related to returns on the market. As the market goes up or down, Renaissance International is expected to follow. Additionally, renaissance International IPO has an alpha of 0.0068, implying that it can generate a 0.006755 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Renaissance International to move above the current price in 90 days from now is about 47.61 (This Renaissance International IPO probability density function shows the probability of Renaissance Etf to fall within a particular range of prices over 90 days) .
Renaissance International Top Holders
| EVFGX | Evaluator Aggressive Rms | Mutual Fund | Allocation--85%+ Equity |
| EVAGX | Evaluator Aggressive Rms | Mutual Fund | Allocation--85%+ Equity |
Renaissance International Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Renaissance International market risk premium is the additional return an investor will receive from holding Renaissance International long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Renaissance International. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Renaissance International's alpha and beta are two of the key measurements used to evaluate Renaissance International's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.058 | |||
| Jensen Alpha | 0.0068 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0111 |
Renaissance International Against Markets
Picking the right benchmark for Renaissance International etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Renaissance International etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Renaissance International is critical whether you are bullish or bearish towards Renaissance International IPO at a given time. Please also check how Renaissance International's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Renaissance International without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Renaissance Etf?
Before investing in Renaissance International, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Renaissance International. To buy Renaissance International etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Renaissance International. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Renaissance International etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Renaissance International IPO etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Renaissance International IPO etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Renaissance International IPO, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Renaissance Etf please use our How to Invest in Renaissance International guide.
Already Invested in Renaissance International IPO?
The danger of trading Renaissance International IPO is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Renaissance International is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Renaissance International. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Renaissance International is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Renaissance International is a strong investment it is important to analyze Renaissance International's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Renaissance International's future performance. For an informed investment choice regarding Renaissance Etf, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Renaissance International IPO. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
The market value of Renaissance International is measured differently than its book value, which is the value of Renaissance that is recorded on the company's balance sheet. Investors also form their own opinion of Renaissance International's value that differs from its market value or its book value, called intrinsic value, which is Renaissance International'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 Renaissance International's market value can be influenced by many factors that don't directly affect Renaissance International'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 Renaissance International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Renaissance International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renaissance International'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.