Renew Energy Global Stock Technical Analysis
| RNWWW Stock | USD 0.49 0.04 8.89% |
As of the 25th of April, ReNew Energy holds the Coefficient Of Variation of (1,668), risk adjusted performance of (0.03), and Market Risk Adjusted Performance of (0.30). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of ReNew Energy, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We are able to interpolate and break down thirteen technical drivers for ReNew Energy Global, which can be compared to its competitors. Please check ReNew Energy Global standard deviation, as well as the relationship between the treynor ratio and potential upside to decide if ReNew Energy Global is priced some-what accurately, providing market reflects its current price of 0.49 per share. As ReNew Energy Global is a penny stock we also suggest to check out its jensen alpha numbers.
ReNew Energy Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ReNew, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ReNewReNew |
ReNew Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
ReNew Energy Global Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of ReNew Energy Global volatility. High ATR values indicate high volatility, and low values indicate low volatility.
ReNew Energy Global Trend Analysis
Use this graph to draw trend lines for ReNew Energy Global. You can use it to identify possible trend reversals for ReNew Energy as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual ReNew Energy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ReNew Energy Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ReNew Energy Global applied against its price change over selected period. The best fit line has a slop of 0.0075 , which may suggest that ReNew Energy Global market price will keep on failing further. It has 122 observation points and a regression sum of squares at 2.12, which is the sum of squared deviations for the predicted ReNew Energy price change compared to its average price change.About ReNew Energy Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of ReNew Energy Global on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of ReNew Energy Global based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on ReNew Energy Global price pattern first instead of the macroeconomic environment surrounding ReNew Energy Global. By analyzing ReNew Energy's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of ReNew Energy's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to ReNew Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Inventory Turnover | 0.4 | 5.83 | 5.24 | 5.51 | ROIC | 0.22 | 0.15 | 0.18 | 0.23 |
ReNew Energy April 25, 2024 Technical Indicators
Most technical analysis of ReNew help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for ReNew from various momentum indicators to cycle indicators. When you analyze ReNew charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (0.30) | |||
| Mean Deviation | 5.55 | |||
| Coefficient Of Variation | (1,668) | |||
| Standard Deviation | 8.78 | |||
| Variance | 77.1 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | (0.68) | |||
| Total Risk Alpha | (1.74) | |||
| Treynor Ratio | (0.31) | |||
| Maximum Drawdown | 38.22 | |||
| Value At Risk | (15.48) | |||
| Potential Upside | 12.68 | |||
| Skewness | 0.7605 | |||
| Kurtosis | 4.78 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ReNew Energy Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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.
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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.