Renesola Stock Performance

SOL
 Stock
  

USD 5.12  0.05  0.97%   

Renesola has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.9442, which implies possible diversification benefits within a given portfolio. Let's try to break down what Renesola's beta means in this case. Renesola returns are very sensitive to returns on the market. As the market goes up or down, Renesola is expected to follow. Although it is important to respect Renesola ADR current trending patterns, it is better to be realistic regarding the information on the equity's existing price patterns. The philosophy towards forecasting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Renesola ADR technical indicators, you can presently evaluate if the expected return of 0.1% will be sustainable into the future. Renesola ADR right now holds a risk of 4.86%. Please check Renesola ADR value at risk, as well as the relationship between the skewness and day median price to decide if Renesola ADR will be following its historical price patterns.
  
Renesola Performance
1 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Renesola Ltd ADR are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Even with relatively unsteady basic indicators, Renesola may actually be approaching a critical reversion point that can send shares even higher in October 2022. ...more

Renesola Price Channel

Quick Ratio7.97
Fifty Two Week Low3.46
Target High Price12.00
Fifty Two Week High9.72
Target Low Price10.00

Renesola Relative Risk vs. Return Landscape

If you would invest  516.00  in Renesola Ltd ADR on June 27, 2022 and sell it today you would lose (4.00)  from holding Renesola Ltd ADR or give up 0.78% of portfolio value over 90 days. Renesola Ltd ADR is generating 0.1037% of daily returns assuming volatility of 4.8563% on return distribution over 90 days investment horizon. In other words, 42% of stocks are less volatile than Renesola, and above 98% of all equities are expected to generate higher returns over the next 90 days.
  Daily Expected Return (%)  
       Risk (%)  
Considering the 90-day investment horizon Renesola is expected to generate 4.43 times more return on investment than the market. However, the company is 4.43 times more volatile than its market benchmark. It trades about 0.02 of its potential returns per unit of risk. The DOW is currently generating roughly -0.08 per unit of risk.

Renesola Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Renesola's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Renesola Ltd ADR, and traders can use it to determine the average amount a Renesola's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0213

Best
Portfolio
Best
Equity
Good Returns
Average Returns
Small Returns
CashSmall
Risk
Average
Risk
SOLHuge
Risk
Negative Returns
Estimated Market Risk
 4.86
  actual daily
 
 42 %
of total potential
 
4242
Expected Return
 0.1
  actual daily
 
 1 %
of total potential
 
11
Risk-Adjusted Return
 0.02
  actual daily
 
 1 %
of total potential
 
11
Based on monthly moving average Renesola is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Renesola by adding it to a well-diversified portfolio.

About Renesola Performance

To evaluate Renesola ADR Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Renesola generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Renesola Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Renesola ADR market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Renesola's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects in the United States, Canada, Europe, and internationally. ReneSola Ltd was founded in 2005 and is headquartered in Stamford, Connecticut. Renesola operates under Solar classification in the United States and is traded on New York Stock Exchange. It employs 164 people.

Things to note about Renesola ADR

Checking the ongoing alerts about Renesola for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Renesola ADR help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Renesola Alerts

Equity Alerts and Improvement Suggestions

Renesola ADR has very high historical volatility over the last 90 days
Renesola Ltd ADR has about 222.89 M in cash with (6.1 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.33.
Latest headline from stockhouse.com: 2022-09-02 NYSESOL Press Release Renesola Ltd. ADR - Stockhouse
Additionally, take a look at World Market Map. You can also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for analysis

When running Renesola ADR price analysis, check to measure Renesola'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 Renesola is operating at the current time. Most of Renesola's value examination focuses on studying past and present price action to predict the probability of Renesola's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Renesola's price. Additionally, you may evaluate how the addition of Renesola to your portfolios can decrease your overall portfolio volatility.
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
Shere Portfolio
Track or share privately all of your investments from the convenience of any device
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Go
Is Renesola'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 Renesola. If investors know Renesola 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 Renesola listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Renesola ADR is measured differently than its book value, which is the value of Renesola that is recorded on the company's balance sheet. Investors also form their own opinion of Renesola's value that differs from its market value or its book value, called intrinsic value, which is Renesola'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 Renesola's market value can be influenced by many factors that don't directly affect Renesola'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 Renesola's value and its price as these two are different measures arrived at by different means. Investors typically determine Renesola value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renesola'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.