Renishaw OTC Stock Story

RNSHF

Stock

USD 50.25 4.25 9.24%

Macroaxis Story

As many rational traders are trying to avoid technology space, it makes sense to digest Renishaw Plc a little further and understand how it stands against Keysight Technologies and other similar entities. We are going to discuss some of the competitive aspects of both Renishaw and Keysight.

Published over two months ago

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Will Renishaw Plc (OTC:RNSHF) shareholders shift to Keysight (NYSE:KEYS)?

By analyzing existing technical indicators between Renishaw Plc and Keysight, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Keysight with a short position in Renishaw Plc. Check out our pair correlation module for more information.

Let's begin by analyzing the assets.

The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Renishaw Plc has an asset utilization ratio of 106.2 percent. This indicates that the company is making $1.06 for each dollar of assets. An increasing asset utilization means that Renishaw Plc is more efficient with each dollar of assets it utilizes for everyday operations.

Will Renishaw Plc (OTC:RNSHF) shareholders shift to Keysight (NYSE:KEYS)?

Out of tens of thousands of stocks, funds, and ETFs that trade on global exchanges each represent an individual company which you can analyze using comparative analysis. To determine which one of the two companies, such as Renishaw or KE Holdings is a better fit for your portfolio, analyzing a few basic fundamental indicators is a good first step.

Understending Renishaw Plc dividends

A dividend is the distribution of a portion of Renishaw Plc earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. Renishaw Plc dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. Renishaw one year expected dividend income is about $0.55 per share.

Investing in dividend-paying otc stocks, such as Renishaw Plc is one of the few strategies that are good for long-term investment. Ex-dividend dates are significant because investors in Renishaw Plc must own a stock before its ex-dividend date to receive its next dividend.

This type of analysis is very useful when you want to generate a past dividend schedule and payout information for Renishaw Plc. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.

How important is Renishaw Plc's Liquidity

Renishaw Plc financial leverage refers to using borrowed capital as a funding source to finance Renishaw Plc ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Renishaw Plc financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Renishaw Plc's total debt and its cash.

Correlation Between Renishaw and KE Holdings

In general, stock analysis is a method for investors and traders to make individual buying and selling decisions. Stock correlation analysis is also essential because it can help investors realize that they may not be as diversified as they think. Risk management strategies are usually required to make sure all portfolios are properly aligned against their risk tolerance level. You can consider holding Renishaw Plc together with similar or unrelated positions with a negative correlation. For example, you can also add KE Holdings to your portfolio. If KE Holdings is not perfectly correlated to Renishaw Plc it will diversify some of the market risks out of the positively correlated stocks in your portfolio. However, the disadvantage of this sort of hedging is that it can potentially affect your investment returns throughout market cycles. When Renishaw Plc for example, for example, performs excellent and delivers stable returns, the negatively correlated position you locked in as a hedge may drag your returns down.

Please check pair correlation details between RNSHF and BEKE for more information.

What is the case for Renishaw Plc Investors

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.

Revenue Breakdown

Lets now check Renishaw Plc revenue. Based on the latest financial disclosure, Renishaw Plc reported 635.61 M of revenue. This is 84.4% lower than that of the Technology sector and 46.59% lower than that of the Scientific & Technical Instruments industry. The revenue for all United States stocks is 93.26% higher than that of Renishaw Plc. As for Keysight Technologies we see revenue of 4.94 B, which is 315.1% higher than that of the Scientific & Technical Instruments

KEYS

4.9 B

RNSHF	635.61 Million	9.39
Sector	1.19 Billion	17.59
KEYS	4.94 Billion	73.02

Price may fall back for Renishaw in June

The market risk adjusted performance is down to 2.88 as of today. Renishaw Plc exhibits very low volatility with skewness of -5.74 and kurtosis of 32.42. However, we advise investors to further study Renishaw Plc technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Renishaw Plc's otc stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Renishaw Plc's otc stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Renishaw Plc Implied Volatility

Renishaw Plc's implied volatility exposes the market's sentiment of Renishaw Plc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Renishaw Plc's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Renishaw Plc stock will not fluctuate a lot when Renishaw Plc's options are near their expiration.

Our Conclusion on Renishaw Plc

Although some firms in the scientific & technical instruments industry are either recovering or due for a correction, Renishaw Plc may not be performing as strong as the other in terms of long-term growth potentials. To conclude, as of the 16th of May 2022, our analysis shows that Renishaw Plc moves indifferently to market moves. The firm is fairly valued and projects close to average probability of financial unrest for the next 2 years. However, our ongoing 90 days buy-hold-sell recommendation on the firm is Sell.

Editorial Staff

Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management. View Profile

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Renishaw Plc. Please refer to our Terms of Use for any information regarding our disclosure principles.

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