Qilu Bank (China) Market Value
| 601665 Stock | 5.17 0.08 1.57% |
| Symbol | Qilu |
Qilu Bank '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 Qilu Bank'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 Qilu Bank.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in Qilu Bank on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Qilu Bank Co or generate 0.0% return on investment in Qilu Bank over 180 days. Qilu Bank is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Bank of Communications, Ping An, and China Merchants. Qilu Bank is entity of China. It is traded as Stock on SHG exchange. More
Qilu Bank 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 Qilu Bank'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 Qilu Bank Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | 0.0288 | |||
| Maximum Drawdown | 12.79 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 4.56 |
Qilu Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qilu Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qilu Bank's standard deviation. In reality, there are many statistical measures that can use Qilu Bank historical prices to predict the future Qilu Bank's volatility.| Risk Adjusted Performance | 0.0652 | |||
| Jensen Alpha | 0.1895 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0326 | |||
| Treynor Ratio | (0.99) |
Qilu Bank Backtested Returns
Qilu Bank appears to be slightly risky, given 3 months investment horizon. Qilu Bank maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Qilu Bank, which you can use to evaluate the volatility of the company. Please evaluate Qilu Bank's Semi Deviation of 1.89, risk adjusted performance of 0.0652, and Coefficient Of Variation of 1305.6 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Qilu Bank holds a performance score of 9. The company holds a Beta of -0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Qilu Bank are expected to decrease at a much lower rate. During the bear market, Qilu Bank is likely to outperform the market. Please check Qilu Bank's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Qilu Bank's historical price patterns will revert.
Auto-correlation | 0.18 |
Very weak predictability
Qilu Bank Co has very weak predictability. Overlapping area represents the amount of predictability between Qilu Bank time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 Qilu Bank price movement. The serial correlation of 0.18 indicates that over 18.0% of current Qilu Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Qilu Bank lagged returns against current returns
Autocorrelation, which is Qilu Bank 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 Qilu Bank's stock expected returns. We can calculate the autocorrelation of Qilu Bank returns to help us make a trade decision. For example, suppose you find that Qilu Bank 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 |
Qilu Bank 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 Qilu Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qilu Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qilu Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Qilu Bank Lagged Returns
When evaluating Qilu Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qilu Bank stock have on its future price. Qilu Bank 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, Qilu Bank autocorrelation shows the relationship between Qilu Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Qilu Bank Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Qilu Stock
Qilu Bank financial ratios help investors to determine whether Qilu 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 Qilu with respect to the benefits of owning Qilu Bank security.