Reitmans Limited Stock Market Value
| RET-A Stock | CAD 2.55 0.04 1.54% |
| Symbol | Reitmans |
Reitmans Limited Price To Book Ratio
Reitmans 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Reitmans' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Reitmans.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Reitmans on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Reitmans Limited or generate 0.0% return on investment in Reitmans over 60 days. Reitmans is related to or competes with Reitmans Canada, Legend Power, and Supremex. Reitmans Limited primarily engages in the retail sale of womens wear apparel in Canada More
Reitmans Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Reitmans' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Reitmans Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 13.7 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 2.71 |
Reitmans Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reitmans' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reitmans' standard deviation. In reality, there are many statistical measures that can use Reitmans historical prices to predict the future Reitmans' volatility.| Risk Adjusted Performance | 0.0353 | |||
| Jensen Alpha | 0.0581 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.7113 |
Reitmans Limited Backtested Returns
At this stage we consider Reitmans Stock to be relatively risky. Reitmans Limited maintains Sharpe Ratio (i.e., Efficiency) of 0.0414, which implies the firm had a 0.0414% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Reitmans Limited, which you can use to evaluate the volatility of the company. Please check Reitmans' Coefficient Of Variation of 2490.55, risk adjusted performance of 0.0353, and Semi Deviation of 1.26 to confirm if the risk estimate we provide is consistent with the expected return of 0.0825%. Reitmans has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 0.0973, which implies not very significant fluctuations relative to the market. As returns on the market increase, Reitmans' returns are expected to increase less than the market. However, during the bear market, the loss of holding Reitmans is expected to be smaller as well. Reitmans Limited right now holds a risk of 1.99%. Please check Reitmans Limited total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Reitmans Limited will be following its historical price patterns.
Auto-correlation | -0.35 |
Poor reverse predictability
Reitmans Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Reitmans time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Reitmans Limited price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Reitmans price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Reitmans Limited lagged returns against current returns
Autocorrelation, which is Reitmans stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Reitmans' stock expected returns. We can calculate the autocorrelation of Reitmans returns to help us make a trade decision. For example, suppose you find that Reitmans has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Reitmans regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Reitmans stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reitmans stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reitmans stock over time.
Current vs Lagged Prices |
| Timeline |
Reitmans Lagged Returns
When evaluating Reitmans' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reitmans stock have on its future price. Reitmans autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Reitmans autocorrelation shows the relationship between Reitmans stock current value and its past values and can show if there is a momentum factor associated with investing in Reitmans Limited.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Reitmans Stock Analysis
When running Reitmans' price analysis, check to measure Reitmans' 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 Reitmans is operating at the current time. Most of Reitmans' value examination focuses on studying past and present price action to predict the probability of Reitmans' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reitmans' price. Additionally, you may evaluate how the addition of Reitmans to your portfolios can decrease your overall portfolio volatility.