Paul Richards - Richards Packaging Founder
| RPI-UN Stock | CAD 29.31 0.32 1.10% |
Founder
Paul Richards is Founder of Richards Packaging Income
| Address | 6095 Ordan Drive, Mississauga, ON, Canada, L5T 2M7 |
| Phone | 905 670 7760 |
| Web | https://www.richardspackaging.com |
Richards Packaging Management Efficiency
The company has return on total asset (ROA) of 0.1074 % which means that it generated a profit of $0.1074 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2026 %, meaning that it generated $0.2026 on every $100 dollars invested by stockholders. Richards Packaging's management efficiency ratios could be used to measure how well Richards Packaging manages its routine affairs as well as how well it operates its assets and liabilities. At present, Richards Packaging's Return On Assets are projected to increase slightly based on the last few years of reporting. The current year's Return On Equity is expected to grow to 0.23, whereas Return On Tangible Assets are forecasted to decline to 0.11. At present, Richards Packaging's Other Current Assets are projected to increase significantly based on the last few years of reporting. The current year's Intangibles To Total Assets is expected to grow to 0.59, whereas Total Assets are forecasted to decline to about 234.2 M.Management Performance
Richards Packaging Income Leadership Team
Elected by the shareholders, the Richards Packaging's board of directors comprises two types of representatives: Richards Packaging inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Richards. The board's role is to monitor Richards Packaging's management team and ensure that shareholders' interests are well served. Richards Packaging'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, Richards Packaging's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Paul Richards, Founder | ||
| Timothy McKernan, President Packaging | ||
| John Glynn, President Development | ||
| Enzio Gennaro, Chief Officer |
Richards Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Richards Packaging a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.2 | ||||
| Return On Asset | 0.11 | ||||
| Profit Margin | 0.09 % | ||||
| Operating Margin | 0.12 % | ||||
| Current Valuation | 352.45 M | ||||
| Shares Outstanding | 10.96 M | ||||
| Shares Owned By Insiders | 25.78 % | ||||
| Shares Owned By Institutions | 32.64 % | ||||
| Number Of Shares Shorted | 8.85 K | ||||
| Price To Earning | 19.61 X |
Pair Trading with Richards Packaging
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 Richards Packaging 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 Richards Packaging will appreciate offsetting losses from the drop in the long position's value.Moving together with Richards Stock
Moving against Richards Stock
| 0.67 | FFH-PC | Fairfax Fin Hld | PairCorr |
| 0.58 | FFH-PH | Fairfax Financial | PairCorr |
| 0.58 | RY-PS | Royal Bank Earnings Call Next Week | PairCorr |
| 0.46 | BMO-PE | Bank of Montreal | PairCorr |
| 0.44 | TD-PFI | Toronto Dominion Bank | PairCorr |
The ability to find closely correlated positions to Richards Packaging could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Richards Packaging 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 Richards Packaging - 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 Richards Packaging Income to buy it.
The correlation of Richards Packaging 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 Richards Packaging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Richards Packaging Income 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 Richards Packaging 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 Richards Stock
Richards Packaging financial ratios help investors to determine whether Richards 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 Richards with respect to the benefits of owning Richards Packaging security.