Richelieu Hardware Stock Market Value
| RHUHF Stock | USD 27.59 0.00 0.00% |
| Symbol | Richelieu |
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.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Richelieu Hardware on November 19, 2023 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 390 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.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 7.21 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 0.5743 |
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.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.65) |
Richelieu Hardware Backtested Returns
Richelieu Hardware maintains Sharpe Ratio (i.e., Efficiency) of -0.0412, which implies the firm had a -0.0412% return per unit of risk over the last 3 months. Richelieu Hardware exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Richelieu Hardware's Coefficient Of Variation of (1,446), risk adjusted performance of (0.05), and Variance of 1.12 to confirm the risk estimate we provide. The company holds a Beta of 0.13, 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 -0.0425%. 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 | -0.19 |
Insignificant reverse predictability
Richelieu Hardware has insignificant reverse predictability. Overlapping area represents the amount of predictability between Richelieu Hardware time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 -0.19 indicates that over 19.0% of current Richelieu Hardware price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
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.