Richelieu Cash Flow To Debt Ratio from 2010 to 2024
| RCH Stock | CAD 41.08 0.42 1.03% |
Cash Flow To Debt Ratio | First Reported 2010-12-31 | Previous Quarter 8.71 | Current Value 10.68 | Quarterly Volatility 9.24954209 |
Check Richelieu Hardware financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Richelieu Hardware's main balance sheet or income statement drivers, such as Depreciation And Amortization of 73.6 M, Interest Expense of 16 M or Total Revenue of 2.2 B, as well as many indicators such as Price To Sales Ratio of 1.03, Dividend Yield of 0.0119 or PTB Ratio of 2.25. Richelieu financial statements analysis is a perfect complement when working with Richelieu Hardware Valuation or Volatility modules.
Richelieu | Cash Flow To Debt Ratio |
Pair Trading with Richelieu Hardware
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Richelieu Hardware position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Richelieu Hardware will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Richelieu Hardware could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Richelieu Hardware when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Richelieu Hardware - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Richelieu Hardware to buy it.
The correlation of Richelieu Hardware is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Richelieu Hardware moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Richelieu Hardware moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Richelieu Hardware can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Richelieu Stock
Richelieu Hardware financial ratios help investors to determine whether Richelieu Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Richelieu with respect to the benefits of owning Richelieu Hardware security.