Industry description
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance International IPO Index.
The fund normally invests at least 80% of its total assets in securities that comprise the index. The index is comprised of common stocks, depositary receipts, real estate investment trusts ("REITs") and partnership units. The fund may also invest up to 20% of its assets in certain futures, options, and swap contracts, cash and cash equivalents, as well as in common stocks not included in the index but which will help the fund track the index. It is non-diversified.
Market Cap
The average market capitalization across the Renaissance International IPO ETF ETF is 4.41B. The market cap for tickers in the group ranges from 5.45M to 16.26B. VAR holds the highest valuation in this group at 16.26B. The lowest valued company is AUTO at 5.45M.
High and low price notable news
The average weekly price growth across all stocks in the Renaissance International IPO ETF ETF was -2%. For the same ETF, the average monthly price growth was -3%, and the average quarterly price growth was -17%. ARIS experienced the highest price growth at 1%, while BPT experienced the biggest fall at -11%.
Volume
The average weekly volume growth across all stocks in the Renaissance International IPO ETF ETF was 76%. For the same stocks of the ETF, the average monthly volume growth was 32% and the average quarterly volume growth was 123%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 52
P/E Growth Rating: 45
Price Growth Rating: 51
SMR Rating: 71
Profit Risk Rating: 71
Seasonality Score: -10 (-100 ... +100)