Richelieu Hardware Stock Probability of Future Stock Price Finishing Under 39.64
| RCH Stock | CAD 38.19 0.40 1.06% |
Richelieu |
Richelieu Hardware Target Price Odds to finish below 39.64
The tendency of Richelieu Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under C$ 39.64 after 90 days |
| 38.19 | 90 days | 39.64 | about 73.83 |
Based on a normal probability distribution, the odds of Richelieu Hardware to stay under C$ 39.64 after 90 days from now is about 73.83 (This Richelieu Hardware probability density function shows the probability of Richelieu Stock to fall within a particular range of prices over 90 days) . Probability of Richelieu Hardware price to stay between its current price of C$ 38.19 and C$ 39.64 at the end of the 90-day period is about 49.78 .
Assuming the 90 days trading horizon Richelieu Hardware has a beta of 0.3 indicating as returns on the market go up, Richelieu Hardware average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Richelieu Hardware will be expected to be much smaller as well. Additionally Richelieu Hardware has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Richelieu Hardware Price Density |
| Price |
Predictive Modules for Richelieu Hardware
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Richelieu Hardware. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Richelieu Hardware Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Richelieu Hardware is not an exception. The market had few large corrections towards the Richelieu Hardware's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Richelieu Hardware, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Richelieu Hardware within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.1 | |
β | Beta against Dow Jones | 0.30 | |
σ | Overall volatility | 1.08 | |
Ir | Information ratio | -0.08 |
Richelieu Hardware Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Richelieu Hardware for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Richelieu Hardware can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Richelieu Hardware generated a negative expected return over the last 90 days | |
| Richelieu Hardware is unlikely to experience financial distress in the next 2 years | |
| Latest headline from news.google.com: Richelieu Hardwares investors will be pleased with their favorable 49 percent return over the last five years - Yahoo Finance |
Richelieu Hardware Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Richelieu Stock often depends not only on the future outlook of the current and potential Richelieu Hardware's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Richelieu Hardware's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 56.2 M | |
| Cash And Short Term Investments | 46.3 M |
Richelieu Hardware Technical Analysis
Richelieu Hardware's future price can be derived by breaking down and analyzing its technical indicators over time. Richelieu Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Richelieu Hardware. In general, you should focus on analyzing Richelieu Stock price patterns and their correlations with different microeconomic environments and drivers.
Richelieu Hardware Predictive Forecast Models
Richelieu Hardware's time-series forecasting models is one of many Richelieu Hardware's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Richelieu Hardware's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Richelieu Hardware
Checking the ongoing alerts about Richelieu Hardware for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Richelieu Hardware help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Richelieu Hardware generated a negative expected return over the last 90 days | |
| Richelieu Hardware is unlikely to experience financial distress in the next 2 years | |
| Latest headline from news.google.com: Richelieu Hardwares investors will be pleased with their favorable 49 percent return over the last five years - Yahoo Finance |
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.