REN Financials
| REN Crypto | USD 0.06 0.0003 0.48% |
REN |
Please note, the presentation of REN's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, REN's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in REN's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of REN. Please utilize our Beneish M Score to check the likelihood of REN's management manipulating its earnings.
REN Crypto Summary
REN competes with Solana, XRP, Staked Ether, Open Network, and Avalanche. REN is peer-to-peer digital currency powered by the Blockchain technology.| Exchange Type | CRYPTO Exchanges |
| Exchange | Others |
| Benchmark | NYSE Composite |
| Currency | USD - US Dollar |
REN Systematic Risk
REN's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. REN volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on REN correlated with the market. If Beta is less than 0 REN generally moves in the opposite direction as compared to the market. If REN Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one REN is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of REN is generally in the same direction as the market. If Beta > 1 REN moves generally in the same direction as, but more than the movement of the benchmark.
REN May 7, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of REN help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of REN. We use our internally-developed statistical techniques to arrive at the intrinsic value of REN based on widely used predictive technical indicators. In general, we focus on analyzing REN Crypto Coin price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build REN's daily price indicators and compare them against related drivers.
| Downside Deviation | 8.17 | |||
| Information Ratio | 0.0457 | |||
| Maximum Drawdown | 48.78 | |||
| Value At Risk | (11.87) | |||
| Potential Upside | 11.64 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in REN. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..