RNR Stock | | | USD 262.40 5.00 1.87% |
Renaissancere Holdings financial indicator trend analysis is much more than just breaking down Renaissancere Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Renaissancere Holdings is a good investment. Please check the relationship between Renaissancere Holdings Good Will and its Other Stockholder Equity accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renaissancere Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
To learn how to invest in Renaissancere Stock, please use our
How to Invest in Renaissancere Holdings guide.
Good Will vs Other Stockholder Equity
Good Will vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Renaissancere Holdings Good Will account and
Other Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Renaissancere Holdings' Good Will and Other Stockholder Equity is 0.76. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Renaissancere Holdings, assuming nothing else is changed. The correlation between historical values of Renaissancere Holdings' Good Will and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Renaissancere Holdings are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Good Will i.e., Renaissancere Holdings' Good Will and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Other Stockholder Equity
Most indicators from Renaissancere Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Renaissancere Holdings current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renaissancere Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
To learn how to invest in Renaissancere Stock, please use our
How to Invest in Renaissancere Holdings guide.At this time, Renaissancere Holdings'
Tax Provision is relatively stable compared to the past year. As of 10/31/2024,
Enterprise Value is likely to grow to about 6.9
B, while
Selling General Administrative is likely to drop slightly above 48.7
M.
Renaissancere Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Renaissancere Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Renaissancere Holdings fundamental ratios Accounts
Pair Trading with Renaissancere Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Renaissancere Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Renaissancere Holdings will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Renaissancere Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Renaissancere Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Renaissancere Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Renaissancere Holdings to buy it.
The correlation of Renaissancere Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Renaissancere Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Renaissancere Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Renaissancere Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation MatchingAdditional 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.