QL Resources (Malaysia) Market Value
| 7084 Stock | 4.74 0.03 0.63% |
| Symbol | 7084 |
QL Resources '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 QL Resources' 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 QL Resources.
| 09/25/2024 |
| 12/24/2024 |
If you would invest 0.00 in QL Resources on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding QL Resources Bhd or generate 0.0% return on investment in QL Resources over 90 days. QL Resources is related to or competes with Kuala Lumpur, Keck Seng. More
QL Resources 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 QL Resources' 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 QL Resources Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.954 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.4 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 1.27 |
QL Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for QL Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as QL Resources' standard deviation. In reality, there are many statistical measures that can use QL Resources historical prices to predict the future QL Resources' volatility.| Risk Adjusted Performance | 0.016 | |||
| Jensen Alpha | 0.0065 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.87) |
QL Resources Bhd Backtested Returns
As of now, 7084 Stock is not too volatile. QL Resources Bhd retains Efficiency (Sharpe Ratio) of 0.0563, which implies the firm had a 0.0563% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for QL Resources, which you can use to evaluate the volatility of the company. Please check QL Resources' standard deviation of 0.8426, and Market Risk Adjusted Performance of (0.86) to confirm if the risk estimate we provide is consistent with the expected return of 0.0469%. QL Resources has a performance score of 4 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of -0.0073, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning QL Resources are expected to decrease at a much lower rate. During the bear market, QL Resources is likely to outperform the market. QL Resources Bhd today owns a risk of 0.83%. Please check QL Resources Bhd semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if QL Resources Bhd will be following its current price history.
Auto-correlation | -0.46 |
Modest reverse predictability
QL Resources Bhd has modest reverse predictability. Overlapping area represents the amount of predictability between QL Resources time series from 25th of September 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 QL Resources Bhd price movement. The serial correlation of -0.46 indicates that about 46.0% of current QL Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
QL Resources Bhd lagged returns against current returns
Autocorrelation, which is QL Resources 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 QL Resources' stock expected returns. We can calculate the autocorrelation of QL Resources returns to help us make a trade decision. For example, suppose you find that QL Resources 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 |
QL Resources 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 QL Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if QL Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in QL Resources stock over time.
Current vs Lagged Prices |
| Timeline |
QL Resources Lagged Returns
When evaluating QL Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of QL Resources stock have on its future price. QL Resources 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, QL Resources autocorrelation shows the relationship between QL Resources stock current value and its past values and can show if there is a momentum factor associated with investing in QL Resources Bhd.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in 7084 Stock
QL Resources financial ratios help investors to determine whether 7084 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 7084 with respect to the benefits of owning QL Resources security.