Reitmans Limited Stock Market Value
| RTMAF Stock | USD 1.80 0.09 5.26% |
| Symbol | Reitmans |
Reitmans '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 Reitmans' 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 Reitmans.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Reitmans on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Reitmans Limited or generate 0.0% return on investment in Reitmans over 30 days. Reitmans is related to or competes with Rivian Automotive, Nio, Xpeng, Mullen Automotive, Lucid, Ford, and Tesla. Reitmans Limited primarily engages in the retail sale of womens wear apparel in Canada More
Reitmans 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 Reitmans' 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 Reitmans Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.17 | |||
| Value At Risk | (1.54) |
Reitmans Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Reitmans' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Reitmans' standard deviation. In reality, there are many statistical measures that can use Reitmans historical prices to predict the future Reitmans' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.35) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Reitmans' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Reitmans Limited Backtested Returns
Reitmans Limited maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the firm had a -0.11% return per unit of risk over the last 3 months. Reitmans Limited exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Reitmans' Variance of 1.24, risk adjusted performance of (0.03), and Coefficient Of Variation of (1,639) to confirm the risk estimate we provide. The company holds a Beta of 0.22, which implies not very significant fluctuations relative to the market. As returns on the market increase, Reitmans' returns are expected to increase less than the market. However, during the bear market, the loss of holding Reitmans is expected to be smaller as well. Reitmans Limited has an expected return of -0.12%. Please make sure to check Reitmans Limited kurtosis, and the relationship between the total risk alpha and day median price , to decide if Reitmans Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Reitmans Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Reitmans time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Reitmans Limited price movement. The serial correlation of 0.0 indicates that just 0.0% of current Reitmans price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Reitmans Limited lagged returns against current returns
Autocorrelation, which is Reitmans 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 Reitmans' pink sheet expected returns. We can calculate the autocorrelation of Reitmans returns to help us make a trade decision. For example, suppose you find that Reitmans 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 |
Reitmans 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 Reitmans pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Reitmans pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Reitmans pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Reitmans Lagged Returns
When evaluating Reitmans' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Reitmans pink sheet have on its future price. Reitmans 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, Reitmans autocorrelation shows the relationship between Reitmans pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Reitmans Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Reitmans Correlation, Reitmans Volatility and Reitmans Alpha and Beta module to complement your research on Reitmans. Note that the Reitmans Limited information on this page should be used as a complementary analysis to other Reitmans' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Reitmans Pink Sheet analysis
When running Reitmans' price analysis, check to measure Reitmans' 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 Reitmans is operating at the current time. Most of Reitmans' value examination focuses on studying past and present price action to predict the probability of Reitmans' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reitmans' price. Additionally, you may evaluate how the addition of Reitmans to your portfolios can decrease your overall portfolio volatility.
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Reitmans technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.