RENEWI PLC (UK) Market Value

RWI
 Stock
  

GBp 561.00  1.00  0.18%   

RENEWI PLC's market value is the price at which a share of RENEWI PLC stock trades on a public exchange. It measures the collective expectations of RENEWI PLC ORD investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of RENEWI PLC ORD and determine expected loss or profit from investing in RENEWI PLC over a given investment horizon. Additionally, take a look at RENEWI PLC Correlation, RENEWI PLC Volatility and RENEWI PLC Alpha and Beta module to complement your research on RENEWI PLC.
Symbol

Please note, there is a significant difference between RENEWI PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine RENEWI PLC value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RENEWI PLC'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.

RENEWI PLC 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to RENEWI PLC's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of RENEWI PLC.
0.00
08/29/2022
No Change 0.00  0.0 
In 3 months and 1 day
11/27/2022
0.00
If you would invest  0.00  in RENEWI PLC on August 29, 2022 and sell it all today you would earn a total of 0.00 from holding RENEWI PLC ORD or generate 0.0% return on investment in RENEWI PLC over 90 days. RENEWI PLC is related to or competes with BAE SYSTEMS, PEMBROKE VCT, MAST ENERGY, POLYMETAL INTERNATIONAL, TRUSTPILOT GROUP, SECURE PROPERTY, and ROLLS ROYCE. The company operates through Commercial Waste, Mineralz Water, and Specialities segments More

RENEWI PLC Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure RENEWI PLC's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess RENEWI PLC ORD upside and downside potential and time the market with a certain degree of confidence.

RENEWI PLC Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for RENEWI PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RENEWI PLC's standard deviation. In reality, there are many statistical measures that can use RENEWI PLC historical prices to predict the future RENEWI PLC's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of RENEWI PLC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of RENEWI PLC in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
558.59561.00563.41
Details
Intrinsic
Valuation
LowReal ValueHigh
494.66497.07617.10
Details
Naive
Forecast
LowNext ValueHigh
560.05562.46564.87
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
551.72557.89564.28
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as RENEWI PLC. Your research has to be compared to or analyzed against RENEWI PLC's peers to derive any actionable benefits. When done correctly, RENEWI PLC's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in RENEWI PLC ORD.

RENEWI PLC ORD Backtested Returns

RENEWI PLC ORD maintains Sharpe Ratio (i.e., Efficiency) of -0.2, which implies the firm had -0.2% of return per unit of standard deviation over the last 3 months. Macroaxis approach into forecasting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. RENEWI PLC ORD exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check RENEWI PLC ORD risk adjusted performance of (0.30), and Market Risk Adjusted Performance of (2.26) to confirm the risk estimate we provide.
The company holds a Beta of 0.2376, which implies not very significant fluctuations relative to the market. Let's try to break down what RENEWI's beta means in this case. As returns on the market increase, RENEWI PLC returns are expected to increase less than the market. However, during the bear market, the loss on holding RENEWI PLC will be expected to be smaller as well. Even though it is essential to pay attention to RENEWI PLC ORD current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Our approach into forecasting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. RENEWI PLC ORD exposes twenty-one different technical indicators, which can help you to evaluate its performance. RENEWI PLC ORD has an expected return of -0.48%. Please be advised to check RENEWI PLC ORD treynor ratio, as well as the relationship between the potential upside and expected short fall to decide if RENEWI PLC ORD performance from the past will be repeated at future time.

Auto-correlation

    
  -0.83  

Excellent reverse predictability

RENEWI PLC ORD has excellent reverse predictability. Overlapping area represents the amount of predictability between RENEWI PLC time series from 29th of August 2022 to 13th of October 2022 and 13th of October 2022 to 27th of November 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of RENEWI PLC ORD price movement. The serial correlation of -0.83 indicates that around 83.0% of current RENEWI PLC price fluctuation can be explain by its past prices.
Correlation Coefficient-0.83
Spearman Rank Test-0.8
Residual Average0.0
Price Variance407.8

RENEWI PLC ORD lagged returns against current returns

Autocorrelation, which is RENEWI PLC stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting RENEWI PLC's stock expected returns. We can calculate the autocorrelation of RENEWI PLC returns to help us make a trade decision. For example, suppose you find that RENEWI PLC stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

RENEWI PLC regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If RENEWI PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RENEWI PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RENEWI PLC stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

RENEWI PLC Lagged Returns

When evaluating RENEWI PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RENEWI PLC stock have on its future price. RENEWI PLC autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, RENEWI PLC autocorrelation shows the relationship between RENEWI PLC stock current value and its past values and can show if there is a momentum factor associated with investing in RENEWI PLC ORD.
   Regressed Prices   
Share
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards RENEWI PLC in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, RENEWI PLC's short interest history, or implied volatility extrapolated from RENEWI PLC options trading.

Currently Active Assets on Macroaxis

Additionally, take a look at RENEWI PLC Correlation, RENEWI PLC Volatility and RENEWI PLC Alpha and Beta module to complement your research on RENEWI PLC. You can also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Complementary Tools for analysis

When running RENEWI PLC ORD price analysis, check to measure RENEWI PLC'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 RENEWI PLC is operating at the current time. Most of RENEWI PLC's value examination focuses on studying past and present price action to predict the probability of RENEWI PLC's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move RENEWI PLC's price. Additionally, you may evaluate how the addition of RENEWI PLC to your portfolios can decrease your overall portfolio volatility.
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RENEWI PLC 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.
A focus of RENEWI PLC technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of RENEWI PLC trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...