Redishred Capital Corp Stock Market Value
| KUT Stock | CAD 4.86 0.01 0.21% |
| Symbol | Redishred |
Redishred Capital Corp Price To Book Ratio
Redishred Capital '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 Redishred Capital's 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 Redishred Capital.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Redishred Capital on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Redishred Capital Corp or generate 0.0% return on investment in Redishred Capital over 90 days. Redishred Capital is related to or competes with Kodiak Copper, Atlas Engineered, FP Newspapers, and NamSys. RediShred Capital Corp., together with its subsidiaries, operates the Proshred franchise and license business in the Uni... More
Redishred Capital 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 Redishred Capital's 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 Redishred Capital Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.38 | |||
| Information Ratio | 0.1622 | |||
| Maximum Drawdown | 18.7 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 6.65 |
Redishred Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Redishred Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Redishred Capital's standard deviation. In reality, there are many statistical measures that can use Redishred Capital historical prices to predict the future Redishred Capital's volatility.| Risk Adjusted Performance | 0.1608 | |||
| Jensen Alpha | 0.6322 | |||
| Total Risk Alpha | 0.1103 | |||
| Sortino Ratio | 0.1739 | |||
| Treynor Ratio | 1.09 |
Redishred Capital Corp Backtested Returns
Redishred Capital appears to be moderately volatile, given 3 months investment horizon. Redishred Capital Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the firm had a 0.21% return per unit of risk over the last 3 months. By analyzing Redishred Capital's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please evaluate Redishred Capital's Risk Adjusted Performance of 0.1608, coefficient of variation of 499.8, and Semi Deviation of 1.87 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Redishred Capital holds a performance score of 16. The company holds a Beta of 0.66, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Redishred Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Redishred Capital is expected to be smaller as well. Please check Redishred Capital's value at risk, and the relationship between the jensen alpha and skewness , to make a quick decision on whether Redishred Capital's historical price patterns will revert.
Auto-correlation | 0.72 |
Good predictability
Redishred Capital Corp has good predictability. Overlapping area represents the amount of predictability between Redishred Capital time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Redishred Capital Corp price movement. The serial correlation of 0.72 indicates that around 72.0% of current Redishred Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Redishred Capital Corp lagged returns against current returns
Autocorrelation, which is Redishred Capital 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 Redishred Capital's stock expected returns. We can calculate the autocorrelation of Redishred Capital returns to help us make a trade decision. For example, suppose you find that Redishred Capital 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 |
Redishred Capital 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 Redishred Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Redishred Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Redishred Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Redishred Capital Lagged Returns
When evaluating Redishred Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Redishred Capital stock have on its future price. Redishred Capital 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, Redishred Capital autocorrelation shows the relationship between Redishred Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Redishred Capital Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Redishred Stock Analysis
When running Redishred Capital's price analysis, check to measure Redishred Capital's 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 Redishred Capital is operating at the current time. Most of Redishred Capital's value examination focuses on studying past and present price action to predict the probability of Redishred Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Redishred Capital's price. Additionally, you may evaluate how the addition of Redishred Capital to your portfolios can decrease your overall portfolio volatility.