Russel Metals Stock Market Value
| RUS Stock | CAD 36.57 0.04 0.11% |
| Symbol | Russel |
Russel Metals Price To Book Ratio
Russel Metals '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 Russel Metals' 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 Russel Metals.
| 05/01/2024 |
| 05/31/2024 |
If you would invest 0.00 in Russel Metals on May 1, 2024 and sell it all today you would earn a total of 0.00 from holding Russel Metals or generate 0.0% return on investment in Russel Metals over 30 days. Russel Metals is related to or competes with Taiga Motors, Lion Electric, Alimentation Couchen, BRP, and Nuvei Corp. Russel Metals Inc., a metals distribution company, distributes steel and other metal products in North America More
Russel Metals 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 Russel Metals' 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 Russel Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 7.64 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 1.8 |
Russel Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Russel Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Russel Metals' standard deviation. In reality, there are many statistical measures that can use Russel Metals historical prices to predict the future Russel Metals' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 2.24 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Russel Metals' 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.
Russel Metals Backtested Returns
Russel Metals maintains Sharpe Ratio (i.e., Efficiency) of -0.17, which implies the firm had a -0.17% return per unit of risk over the last 3 months. Russel Metals exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Russel Metals' Risk Adjusted Performance of (0.09), coefficient of variation of (605.01), and Variance of 2.12 to confirm the risk estimate we provide. The company holds a Beta of -0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Russel Metals are expected to decrease at a much lower rate. During the bear market, Russel Metals is likely to outperform the market. Russel Metals has an expected return of -0.25%. Please make sure to check Russel Metals treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day median price , to decide if Russel Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
Russel Metals has virtually no predictability. Overlapping area represents the amount of predictability between Russel Metals time series from 1st of May 2024 to 16th of May 2024 and 16th of May 2024 to 31st of May 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 Russel Metals price movement. The serial correlation of 0.02 indicates that only 2.0% of current Russel Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
Russel Metals lagged returns against current returns
Autocorrelation, which is Russel Metals 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 Russel Metals' stock expected returns. We can calculate the autocorrelation of Russel Metals returns to help us make a trade decision. For example, suppose you find that Russel Metals 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 |
Russel Metals 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 Russel Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Russel Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Russel Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Russel Metals Lagged Returns
When evaluating Russel Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Russel Metals stock have on its future price. Russel Metals 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, Russel Metals autocorrelation shows the relationship between Russel Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Russel Metals.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Russel Metals Correlation, Russel Metals Volatility and Russel Metals Alpha and Beta module to complement your research on Russel Metals. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Russel Stock analysis
When running Russel Metals' price analysis, check to measure Russel Metals' 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 Russel Metals is operating at the current time. Most of Russel Metals' value examination focuses on studying past and present price action to predict the probability of Russel Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Russel Metals' price. Additionally, you may evaluate how the addition of Russel Metals to your portfolios can decrease your overall portfolio volatility.
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities |
Russel Metals technical stock 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, stock market cycles, or different charting patterns.