Rathdowney Net Income From Continuing Ops from 2010 to 2024

RTH Stock  CAD 0.02  0.00  0.00%   
Rathdowney Resources Net Loss yearly trend continues to be fairly stable with very little volatility. Net Loss will likely drop to about -2.1 M in 2024. During the period from 2010 to 2024, Rathdowney Resources Net Loss regression line of quarterly data had r-squared of  0.86 and coefficient of variation of (53.91). View All Fundamentals
 
Net Loss  
First Reported
2016-12-31
Previous Quarter
-495.2 K
Current Value
-501.7 K
Quarterly Volatility
442.6 K
 
Covid
Check Rathdowney Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Rathdowney Resources' main balance sheet or income statement drivers, such as Interest Expense of 150.2 K, Selling General Administrative of 1.3 M or Total Revenue of 0.0, as well as many indicators such as . Rathdowney financial statements analysis is a perfect complement when working with Rathdowney Resources Valuation or Volatility modules.
  
This module can also supplement various Rathdowney Resources Technical models . Check out the analysis of Rathdowney Resources Correlation against competitors.

Pair Trading with Rathdowney Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Rathdowney Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Rathdowney Resources will appreciate offsetting losses from the drop in the long position's value.

Moving against Rathdowney Stock

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The ability to find closely correlated positions to Rathdowney Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rathdowney Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Rathdowney Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Rathdowney Resources to buy it.
The correlation of Rathdowney Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Rathdowney Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rathdowney Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Rathdowney Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Rathdowney Stock Analysis

When running Rathdowney Resources' price analysis, check to measure Rathdowney Resources' 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 Rathdowney Resources is operating at the current time. Most of Rathdowney Resources' value examination focuses on studying past and present price action to predict the probability of Rathdowney Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rathdowney Resources' price. Additionally, you may evaluate how the addition of Rathdowney Resources to your portfolios can decrease your overall portfolio volatility.