Richelieu Hardware Stock Market Value

RHUHF Stock  USD 27.59  0.00  0.00%   
Richelieu Hardware's market value is the price at which a share of Richelieu Hardware trades on a public exchange. It measures the collective expectations of Richelieu Hardware investors about its performance. Richelieu Hardware is trading at 27.59 as of the 14th of December 2024. This is a No Change since the beginning of the trading day. The stock's lowest day price was 27.59.
With this module, you can estimate the performance of a buy and hold strategy of Richelieu Hardware and determine expected loss or profit from investing in Richelieu Hardware over a given investment horizon. Check out Richelieu Hardware Correlation, Richelieu Hardware Volatility and Richelieu Hardware Alpha and Beta module to complement your research on Richelieu Hardware.
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Please note, there is a significant difference between Richelieu Hardware's value and its price as these two are different measures arrived at by different means. Investors typically determine if Richelieu Hardware is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Richelieu Hardware's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Richelieu Hardware '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 Richelieu Hardware's pink sheet 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 Richelieu Hardware.
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11/14/2024
No Change 0.00  0.0 
In 30 days
12/14/2024
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If you would invest  0.00  in Richelieu Hardware on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Richelieu Hardware or generate 0.0% return on investment in Richelieu Hardware over 30 days. Richelieu Hardware is related to or competes with Kewaunee Scientific, Hamilton Beach, Mohawk Industries, Whirlpool, and IRobot. Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in North Am... More

Richelieu Hardware 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 Richelieu Hardware's pink sheet 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 Richelieu Hardware upside and downside potential and time the market with a certain degree of confidence.

Richelieu Hardware Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Richelieu Hardware's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Richelieu Hardware's standard deviation. In reality, there are many statistical measures that can use Richelieu Hardware historical prices to predict the future Richelieu Hardware's volatility.
Hype
Prediction
LowEstimatedHigh
26.5727.5928.61
Details
Intrinsic
Valuation
LowRealHigh
26.6927.7128.73
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Richelieu Hardware. Your research has to be compared to or analyzed against Richelieu Hardware's peers to derive any actionable benefits. When done correctly, Richelieu Hardware's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Richelieu Hardware.

Richelieu Hardware Backtested Returns

Richelieu Hardware maintains Sharpe Ratio (i.e., Efficiency) of -0.0409, which implies the firm had a -0.0409% return per unit of risk over the last 3 months. Richelieu Hardware exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Richelieu Hardware's Variance of 1.12, coefficient of variation of (1,446), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The company holds a Beta of 0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, Richelieu Hardware's returns are expected to increase less than the market. However, during the bear market, the loss of holding Richelieu Hardware is expected to be smaller as well. At this point, Richelieu Hardware has a negative expected return of -0.0418%. Please make sure to check Richelieu Hardware's information ratio, as well as the relationship between the potential upside and day median price , to decide if Richelieu Hardware performance from the past will be repeated at some point in the near future.

Auto-correlation

    
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No correlation between past and present

Richelieu Hardware has no correlation between past and present. Overlapping area represents the amount of predictability between Richelieu Hardware time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Richelieu Hardware price movement. The serial correlation of 0.0 indicates that just 0.0% of current Richelieu Hardware price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test1.0
Residual Average0.0
Price Variance0.0

Richelieu Hardware lagged returns against current returns

Autocorrelation, which is Richelieu Hardware pink sheet'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 Richelieu Hardware's pink sheet expected returns. We can calculate the autocorrelation of Richelieu Hardware returns to help us make a trade decision. For example, suppose you find that Richelieu Hardware has exhibited high autocorrelation historically, and you observe that the pink sheet 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  

Richelieu Hardware 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 Richelieu Hardware pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Richelieu Hardware pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Richelieu Hardware pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Richelieu Hardware Lagged Returns

When evaluating Richelieu Hardware's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Richelieu Hardware pink sheet have on its future price. Richelieu Hardware 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, Richelieu Hardware autocorrelation shows the relationship between Richelieu Hardware pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Richelieu Hardware.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in Richelieu Pink Sheet

Richelieu Hardware financial ratios help investors to determine whether Richelieu Pink Sheet 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.