Renova Competitors

RNEW3 Stock

BRL 1.04 0.01 0.97%

Renova Energia SA competes with CTEEP Companhia, Transmissora Aliana, Engie Brasil, BB Seguridade, and Vibra Energia; as well as few others. The company operates under Utilities sector and is part of Utilities—Renewable industry. Analyzing Renova Energia competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Renova Energia to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Renova Energia Correlation with its peers.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Renova Energia competition on your existing holdings.

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Renova Energia'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.

Hype

Prediction

Low	Estimated	High
0.05	1.03	3.45

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Intrinsic

Valuation

Low	Real	High
0.05	0.95	3.37

Details

Naive

Forecast

Low	Next	High
0.02	0.95	3.37

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
1.02	1.04	1.06

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Renova Energia. Your research has to be compared to or analyzed against Renova Energia's peers to derive any actionable benefits. When done correctly, Renova Energia's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Renova Energia SA.

Renova Energia Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Renova Energia and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Renova and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Renova Energia SA does not affect the price movement of the other competitor.

	TRPL4	TAEE11	EGIE3	BBSE3	VBBR3
TRPL4		0.53	0.42	0.1	-0.35	TRPL4
TAEE11	0.53		0.01	-0.4	-0.56	TAEE11
EGIE3	0.42	0.01		0.28	0.32	EGIE3
BBSE3	0.1	-0.4	0.28		0.44	BBSE3
VBBR3	-0.35	-0.56	0.32	0.44		VBBR3
	TRPL4	TAEE11	EGIE3	BBSE3	VBBR3

Click cells to compare fundamentals

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High positive correlations

TAEE11	+ 0.53	TRPL4
VBBR3	+ 0.44	BBSE3
EGIE3	+ 0.42	TRPL4
VBBR3	+ 0.32	EGIE3
BBSE3	+ 0.28	EGIE3
BBSE3	+ 0.1	TRPL4

High negative correlations

VBBR3	- 0.56	TAEE11
BBSE3	- 0.4	TAEE11
VBBR3	- 0.35	TRPL4

Risk-Adjusted Indicators

There is a big difference between Renova Stock performing well and Renova Energia Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Renova Energia's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TRPL4	0.98	(0.10)	0.00	(5.90)	0.00	0.00	1.60	(2.56)	7.09
TAEE11	0.59	(0.11)	0.00	(0.19)	0.00	0.00	1.16	(1.32)	4.71
EGIE3	0.93	(0.07)	0.00	(0.11)	0.00	0.00	2.13	(2.01)	5.85
BBSE3	0.83	0.01	(0.05)	0.15	1.21	(0.86)	1.32	(1.34)	11.56
VBBR3	1.28	(0.01)	(0.02)	0.07	1.67	(1.38)	2.49	(2.81)	9.21

Renova Energia Competitive Analysis

The better you understand Renova Energia competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Renova Energia's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Renova Energia's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	RNEW3	TRPL4	TAEE11	EGIE3	BBSE3	VBBR3
	0.97 1.04 Renova	0.16 24.74 CTEEP	0.34 35.36 Transmissora	0.57 39.81 Engie	1.23 32.10 BBSE3	1.66 22.49 Vibra
Market Volatility (90 Days Market Risk)	Dangerous	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Very Weak	Very Weak	Very Weak	Very Weak	Weak	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	About Average	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Over Valued	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Strong Sell	Hold	Cautious Hold	Sell	Hold
Current Ratio	0.87 X	2.05 X	3.09 X	1.40 X	3.30 X	N/A
Net Asset	2.28 B	28.98 B	15.9 B	38.12 B	16.13 B	33.88 B
Profit Margin	1.08 %	0.46 %	0.65 %	0.16 %	0.81 %	0.01 %
EBITDA	258.94 M	4.18 B	3.07 B	6.19 B	7.07 B	4.13 B
Operating Margin	(0.50) %	0.60 %	0.78 %	0.49 %	0.94 %	0.02 %
Current Valuation	1.4 B	22.68 B	7.46 B	44.75 B	62.91 B	29.8 B
Price To Book	3.01 X	0.89 X	N/A	3.76 X	6.65 X	1.28 X
Retained Earnings	(505 M)	6.46 B	776 M	N/A	3.42 B	N/A
Current Asset	408 M	1.45 B	2.32 B	N/A	2.6 B	N/A
Five Year Return	N/A	7.24 %	8.31 %	5.67 %	5.55 %	N/A
Beta	0.26	0.39	0.25	0.46	0.68	0.57
Number Of Employees	17	1.4 K	701	26	196	3.38 K
Shares Outstanding	124.74 M	400.95 M	1.03 B	815.93 M	2 B	1.11 B
Cash Flow From Operations	(147.78 M)	898.92 M	1.45 B	1.99 B	3.28 B	2.28 B
Annual Yield	N/A	0.05 %	0.12 %	0.01 %	0.10 %	0.05 %
Total Debt	958.2 M	6.6 B	5.85 B	16.85 B	N/A	12.38 B
Return On Equity	N/A	0.17	0.27	0.23	0.81	0.17
Z Score	N/A	1.2	3.6	0.6	N/A	3.6
Return On Asset	-0.0232	0.0707	0.0811	0.09	0.3	0.0679
Book Value Per Share	1.97 X	24.39 X	20.18 X	9.86 X	3.80 X	11.33 X
Current Liabilities	1.78 B	490 M	1.23 B	N/A	1.43 B	N/A
Total Asset	2.28 B	28.98 B	15.9 B	38.12 B	16.13 B	33.88 B
Debt To Equity	136.80 %	0.47 %	1.21 %	2.72 %	N/A	N/A
Target Price	N/A	26.36	35.97	46.03	37.54	26.92
Last Dividend Paid	N/A	N/A	4.45	2.24	2.88	0.93
Shares Owned By Institutions	9.10 %	13.93 %	18.03 %	19.10 %	14.77 %	67.72 %
Market Capitalization	520.4 M	16.18 B	37.19 B	31.09 B	72.52 B	17.45 B
Price To Earning	1.22 X	4.94 X	6.10 X	11.43 X	17.63 X	N/A
Price To Earnings To Growth	N/A	0.37 X	(1.04) X	2.40 X	2.38 X	N/A
Price To Sales	2.58 X	2.79 X	12.18 X	2.60 X	9.35 X	0.09 X
Net Income	30.69 M	3.02 B	2.21 B	1.56 B	6.04 B	2.5 B
Earnings Per Share	2.29 X	3.95 X	6.44 X	2.27 X	3.03 X	1.77 X
Shares Owned By Insiders	26.01 %	53.84 %	N/A	68.71 %	66.25 %	N/A
Revenue	93.81 M	5.53 B	3.47 B	12.54 B	8.01 B	130.12 B
Working Capital	(1.37 B)	960 M	1.1 B	N/A	1.17 B	N/A
Cash And Equivalents	354.11 M	275.99 M	380.6 M	5.1 B	N/A	3.58 B
Cash Per Share	2.92 X	2.76 X	5.81 X	5.29 X	1.34 X	N/A
Gross Profit	13.06 M	4.12 B	879.99 M	5.91 B	7.3 B	6.85 B
Day Typical Price	1.04	24.67	35.41	39.99	32.27	22.65
Accumulation Distribution	588.57	44531.35	28605.05	29791.26	70114.44	137098.0
Daily Balance Of Power	0.3333	(0.11)	(0.32)	(0.35)	(0.78)	(0.81)
Period Momentum Indicator	0.01	(0.04)	(0.12)	(0.23)	(0.40)	(0.38)
Rate Of Daily Change	1.01	1.0	1.0	0.99	0.99	0.98
Day Median Price	1.04	24.63	35.44	40.08	32.36	22.73
Price Action Indicator	0.01	0.09	(0.14)	(0.39)	(0.45)	(0.43)
Relative Strength Index	40.72	61.96	64.79	57.66	50.9	49.69
Coefficient Of Variation	(621.49)	(1,559)	(1,155)	(3,696)	3933.35	2829.93
Mean Deviation	1.82	0.9831	0.5903	0.9313	0.8258	1.28
Jensen Alpha	(0.36)	(0.1)	(0.11)	(0.07)	0.0097	(0.01)
Total Risk Alpha	(0.73)	(0.28)	(0.19)	(0.21)	(0.16)	(0.18)
Sortino Ratio	N/A	N/A	N/A	N/A	(0.05)	(0.02)
Downside Variance	N/A	N/A	N/A	N/A	1.54	3.13
Standard Deviation	2.43	1.32	0.8007	1.2	1.31	1.66
Kurtosis	2.11	1.31	1.31	0.2596	11.55	0.9957
Potential Upside	3.82	1.6	1.16	2.13	1.32	2.49
Treynor Ratio	0.7735	(5.90)	(0.19)	(0.11)	0.1463	0.0684
Maximum Drawdown	13.12	7.09	4.71	5.85	11.56	9.21
Variance	5.91	1.75	0.6411	1.44	1.71	2.77
Market Risk Adjusted Performance	0.7835	(5.89)	(0.18)	(0.10)	0.1563	0.0784
Risk Adjusted Performance	(0.09)	(0.03)	(0.05)	(0.01)	0.0211	0.0283
Skewness	0.7797	(0.82)	(0.16)	(0.13)	1.03	(0.59)
Semi Deviation	N/A	N/A	N/A	N/A	1.21	1.67
Information Ratio	(0.20)	(0.14)	(0.21)	(0.11)	(0.05)	(0.02)
Value At Risk	(4.42)	(2.56)	(1.32)	(2.01)	(1.34)	(2.81)
Expected Short fall	N/A	N/A	N/A	N/A	(0.86)	(1.38)
Downside Deviation	N/A	N/A	N/A	N/A	1.24	1.77
Semi Variance	N/A	N/A	N/A	N/A	1.46	2.79

Renova Energia Competition Performance Charts

Five steps to successful analysis of Renova Energia Competition

Renova Energia's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Renova Energia SA in relation to its competition. Renova Energia's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Renova Energia in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Renova Energia's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Renova Energia SA, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Renova Energia position

In addition to having Renova Energia in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Check out Renova Energia Correlation with its peers.

Note that the Renova Energia SA information on this page should be used as a complementary analysis to other Renova Energia's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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When running Renova Energia's price analysis, check to measure Renova Energia'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 Renova Energia is operating at the current time. Most of Renova Energia's value examination focuses on studying past and present price action to predict the probability of Renova Energia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renova Energia's price. Additionally, you may evaluate how the addition of Renova Energia to your portfolios can decrease your overall portfolio volatility.

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

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Renova Competitors

Specify up to 10 symbols:

Renova Energia Competition Correlation Matrix

Risk-Adjusted Indicators

Renova Energia Competitive Analysis

Renova Energia Competition Performance Charts

Five steps to successful analysis of Renova Energia Competition

Complement your Renova Energia position

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