Renault SA (France) Today
| RNO Stock | EUR 47.66 0.19 0.40% |
Performance22 of 100
| Odds Of DistressLess than 9
|
Renault SA is trading at 47.66 as of the 24th of April 2024, a 0.40% increase since the beginning of the trading day. The stock's open price was 47.47. Renault SA has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Renault SA are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Renault SA designs, manufactures, sells, and distributes vehicles in France and internationally. The company was founded in 1898 and is based in Boulogne-Billancourt, France. RENAULT operates under Car Truck And Bus Manufacturers classification in France and is traded on Paris Stock Exchange. The company has 287.29 M outstanding shares. More on Renault SA
Moving together with Renault Stock
| 0.69 | OSE | OSE Pharma SA | PairCorr |
| 0.71 | ALSTW | Streamwide | PairCorr |
Moving against Renault Stock
| 0.6 | ALSPW | Spineway Split | PairCorr |
| 0.55 | ALGAU | Gaussin | PairCorr |
Follow Valuation Odds of Bankruptcy
Check how we calculate scores
Renault Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Renault SA's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Renault SA or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Auto Manufacturers, Consumer Cyclical (View all Sectors) |
Renault SA (RNO) is traded on Euronext Paris in France and employs 111,000 people. The company currently falls under 'Large-Cap' category with a current market capitalization of 12.05 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Renault SA's market, we take the total number of its shares issued and multiply it by Renault SA's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Renault SA operates under Consumer Cyclical sector and is part of Auto Manufacturers industry. The entity has 287.29 M outstanding shares.
Renault SA has accumulated about 21.03 B in cash with 2.41 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 77.19, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Renault SA Probability Of Bankruptcy
Ownership AllocationRenault SA has a total of 287.29 Million outstanding shares. Renault SA has significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Renault Ownership Details
Renault Stock Price Odds Analysis
What are Renault SA's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Renault SA jumping above the current price in 90 days from now is about 11.75%. The Renault SA probability density function shows the probability of Renault SA stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Renault SA has a beta of 0.3913 indicating as returns on the market go up, Renault SA average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Renault SA will be expected to be much smaller as well. Additionally, renault SA has an alpha of 0.4619, implying that it can generate a 0.46 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Renault SA to move above the current price in 90 days from now is about 11.75 (This Renault SA probability density function shows the probability of Renault Stock to fall within a particular range of prices over 90 days) .
Renault SA Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Renault SA market risk premium is the additional return an investor will receive from holding Renault SA 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 Renault SA. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Renault SA's alpha and beta are two of the key measurements used to evaluate Renault SA's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.2 | |||
| Semi Deviation | 1.44 | |||
| Standard Deviation | 1.73 | |||
| Variance | 2.99 |
Renault Stock Against Markets
Picking the right benchmark for Renault SA stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Renault SA stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Renault SA is critical whether you are bullish or bearish towards Renault SA at a given time. Please also check how Renault SA's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Renault SA without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Idea Breakdown Now
Idea BreakdownAnalyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |
| All Next | Launch Module |
Renault SA Corporate Management
Elected by the shareholders, the Renault SA's board of directors comprises two types of representatives: Renault SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Renault. The board's role is to monitor Renault SA's management team and ensure that shareholders' interests are well served. Renault SA's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Renault SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Denis Vot | CEO VP | Profile | |
| Veronique SarlatDepotte | Ex Board | Profile | |
| JoseVicente Obispo | Member Industry | Profile | |
| Clotilde Delbos | Deputy Board | Profile | |
| Laurens Acker | Design Board | Profile | |
| Luca Meo | CEO CEO | Profile | |
| Francois Roger | Group HR | Profile |
How to buy Renault Stock?
Before investing in Renault SA, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Renault SA. To buy Renault SA stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Renault SA. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Renault SA stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Renault SA stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Renault SA stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Renault SA, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Renault SA?
The danger of trading Renault SA is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Renault SA is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Renault SA. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Renault SA is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renault SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Renault Stock analysis
When running Renault SA's price analysis, check to measure Renault SA'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 Renault SA is operating at the current time. Most of Renault SA's value examination focuses on studying past and present price action to predict the probability of Renault SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renault SA's price. Additionally, you may evaluate how the addition of Renault SA to your portfolios can decrease your overall portfolio volatility.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| 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 | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |