QUALIGEN THERNEW (Germany) Market Value
| 7R9 Stock | EUR 2.63 0.00 0.00% |
| Symbol | QUALIGEN |
Please note, there is a significant difference between QUALIGEN THERNEW's value and its price as these two are different measures arrived at by different means. Investors typically determine if QUALIGEN THERNEW is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, QUALIGEN THERNEW's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
QUALIGEN THERNEW '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 QUALIGEN THERNEW'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 QUALIGEN THERNEW.
| 12/31/2022 |
| 12/20/2024 |
If you would invest 0.00 in QUALIGEN THERNEW on December 31, 2022 and sell it all today you would earn a total of 0.00 from holding QUALIGEN THERNEW DL 001 or generate 0.0% return on investment in QUALIGEN THERNEW over 720 days. QUALIGEN THERNEW is related to or competes with Apple, Apple, Apple, Apple, Apple, Microsoft, and Microsoft. More
QUALIGEN THERNEW 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 QUALIGEN THERNEW'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 QUALIGEN THERNEW DL 001 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.4 | |||
| Information Ratio | 0.0333 | |||
| Maximum Drawdown | 228.21 | |||
| Value At Risk | (6.96) | |||
| Potential Upside | 5.71 |
QUALIGEN THERNEW Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for QUALIGEN THERNEW's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as QUALIGEN THERNEW's standard deviation. In reality, there are many statistical measures that can use QUALIGEN THERNEW historical prices to predict the future QUALIGEN THERNEW's volatility.| Risk Adjusted Performance | 0.0373 | |||
| Jensen Alpha | 0.8151 | |||
| Total Risk Alpha | 0.1066 | |||
| Sortino Ratio | 0.0374 | |||
| Treynor Ratio | (0.27) |
QUALIGEN THERNEW Backtested Returns
QUALIGEN THERNEW appears to be abnormally volatile, given 3 months investment horizon. QUALIGEN THERNEW retains Efficiency (Sharpe Ratio) of 0.0373, which implies the firm had a 0.0373% return per unit of risk over the last 3 months. By examining QUALIGEN THERNEW's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please evaluate QUALIGEN THERNEW's semi deviation of 10.95, and Market Risk Adjusted Performance of (0.26) to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, QUALIGEN THERNEW holds a performance score of 2. The company owns a Beta (Systematic Risk) of -2.82, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning QUALIGEN THERNEW are expected to decrease by larger amounts. On the other hand, during market turmoil, QUALIGEN THERNEW is expected to outperform it. Please check QUALIGEN THERNEW's downside deviation, information ratio, and the relationship between the semi deviation and variance , to make a quick decision on whether QUALIGEN THERNEW's current price history will revert.
Auto-correlation | 0.81 |
Very good predictability
QUALIGEN THERNEW DL 001 has very good predictability. Overlapping area represents the amount of predictability between QUALIGEN THERNEW time series from 31st of December 2022 to 26th of December 2023 and 26th of December 2023 to 20th 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 QUALIGEN THERNEW price movement. The serial correlation of 0.81 indicates that around 81.0% of current QUALIGEN THERNEW price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 41.55 |
QUALIGEN THERNEW lagged returns against current returns
Autocorrelation, which is QUALIGEN THERNEW 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 QUALIGEN THERNEW's stock expected returns. We can calculate the autocorrelation of QUALIGEN THERNEW returns to help us make a trade decision. For example, suppose you find that QUALIGEN THERNEW 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 |
QUALIGEN THERNEW 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 QUALIGEN THERNEW stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if QUALIGEN THERNEW stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in QUALIGEN THERNEW stock over time.
Current vs Lagged Prices |
| Timeline |
QUALIGEN THERNEW Lagged Returns
When evaluating QUALIGEN THERNEW's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of QUALIGEN THERNEW stock have on its future price. QUALIGEN THERNEW 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, QUALIGEN THERNEW autocorrelation shows the relationship between QUALIGEN THERNEW stock current value and its past values and can show if there is a momentum factor associated with investing in QUALIGEN THERNEW DL 001.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in QUALIGEN Stock
QUALIGEN THERNEW financial ratios help investors to determine whether QUALIGEN 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 QUALIGEN with respect to the benefits of owning QUALIGEN THERNEW security.