ReneSola Stock Alpha and Beta Analysis


USD 4.65  0.21  4.32%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as ReneSola. It also helps investors analyze the systematic and unsystematic risks associated with investing in ReneSola over a specified time horizon. Remember, high ReneSola's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Additionally, take a look at ReneSola Backtesting, ReneSola Valuation, ReneSola Correlation, ReneSola Hype Analysis, ReneSola Volatility, ReneSola History and analyze ReneSola Performance.
Please note that although ReneSola alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, ReneSola did 0.20  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of ReneSola stock's relative risk over its benchmark. ReneSola has a beta of 1.86  . Let's try to break down what ReneSola's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ReneSola will likely underperform.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

ReneSola Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. ReneSola market risk premium is the additional return an investor will receive from holding ReneSola long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ReneSola. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate ReneSola's performance over market.
α-0.2   β1.86
90 days against NYA

ReneSola expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of ReneSola's Buy-and-hold return. Our buy-and-hold chart shows how ReneSola performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

ReneSola Market Price Analysis

Market price analysis indicators help investors to evaluate how ReneSola stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ReneSola shares will generate the highest return on investment. By understating and applying ReneSola stock market price indicators, traders can identify ReneSola position entry and exit signals to maximize returns.

ReneSola Return and Market Media

The median price of ReneSola for the period between Fri, Sep 9, 2022 and Thu, Dec 8, 2022 is 4.86 with a coefficient of variation of 10.24. The daily time series for the period is distributed with a sample standard deviation of 0.5, arithmetic mean of 4.89, and mean deviation of 0.41. The Stock received substential amount of media coverage during this period.
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About ReneSola Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including ReneSola or other stocks. Alpha measures the amount that position in ReneSola has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.

ReneSola Upcoming Company Events

As portrayed in its financial statements, the presentation of ReneSola's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, ReneSola's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of ReneSola's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of ReneSola. Please utilize our Beneish M Score to check the likelihood of ReneSola's management manipulating its earnings.
Upcoming Quarterly Report14th of March 2017
Next Financial Report22nd of May 2017
Next Fiscal Quarter End31st of December 2016
Next Fiscal Year End14th of March 2017
Last Quarter Report30th of September 2016
Last Financial Announcement31st of December 2015

Build Portfolio with ReneSola

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Additionally, take a look at ReneSola Backtesting, ReneSola Valuation, ReneSola Correlation, ReneSola Hype Analysis, ReneSola Volatility, ReneSola History and analyze ReneSola Performance. You can also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for analysis

When running ReneSola 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.
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ReneSola 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 ReneSola technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ReneSola 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...