Quebecor (Germany) Market Value

QB3 Stock  EUR 21.80  0.20  0.91%   
Quebecor's market value is the price at which a share of Quebecor trades on a public exchange. It measures the collective expectations of Quebecor investors about its performance. Quebecor is trading at 21.80 as of the 15th of December 2024. This is a 0.91 percent decrease since the beginning of the trading day. The stock's lowest day price was 21.8.
With this module, you can estimate the performance of a buy and hold strategy of Quebecor and determine expected loss or profit from investing in Quebecor over a given investment horizon. Check out Quebecor Correlation, Quebecor Volatility and Quebecor Alpha and Beta module to complement your research on Quebecor.
Symbol

Please note, there is a significant difference between Quebecor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Quebecor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quebecor'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.

Quebecor '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 Quebecor'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 Quebecor.
0.00
11/15/2024
No Change 0.00  0.0 
In 31 days
12/15/2024
0.00
If you would invest  0.00  in Quebecor on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Quebecor or generate 0.0% return on investment in Quebecor over 30 days. Quebecor is related to or competes with Superior Plus, SIVERS SEMICONDUCTORS, Norsk Hydro, Reliance Steel, RYOHIN UNSPADR1, Vanguard Funds, and Meli Hotels. Quebecor Inc. operates in the telecommunications, media, and sports and entertainment businesses in Canada More

Quebecor 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 Quebecor'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 Quebecor upside and downside potential and time the market with a certain degree of confidence.

Quebecor Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Quebecor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quebecor's standard deviation. In reality, there are many statistical measures that can use Quebecor historical prices to predict the future Quebecor's volatility.
Hype
Prediction
LowEstimatedHigh
20.4921.8023.11
Details
Intrinsic
Valuation
LowRealHigh
17.1518.4623.98
Details
Naive
Forecast
LowNextHigh
20.1121.4222.73
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
21.5222.0622.60
Details

Quebecor Backtested Returns

Quebecor maintains Sharpe Ratio (i.e., Efficiency) of -0.0177, which implies the firm had a -0.0177% return per unit of risk over the last 3 months. Quebecor exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Quebecor's Variance of 1.72, risk adjusted performance of (0.01), and Coefficient Of Variation of (5,659) to confirm the risk estimate we provide. The company holds a Beta of -0.25, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Quebecor are expected to decrease at a much lower rate. During the bear market, Quebecor is likely to outperform the market. At this point, Quebecor has a negative expected return of -0.0232%. Please make sure to check Quebecor's standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if Quebecor performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.65  

Very good reverse predictability

Quebecor has very good reverse predictability. Overlapping area represents the amount of predictability between Quebecor time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Quebecor price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Quebecor price fluctuation can be explain by its past prices.
Correlation Coefficient-0.65
Spearman Rank Test-0.55
Residual Average0.0
Price Variance0.08

Quebecor lagged returns against current returns

Autocorrelation, which is Quebecor 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 Quebecor's stock expected returns. We can calculate the autocorrelation of Quebecor returns to help us make a trade decision. For example, suppose you find that Quebecor 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  

Quebecor 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 Quebecor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quebecor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quebecor stock over time.
   Current vs Lagged Prices   
       Timeline  

Quebecor Lagged Returns

When evaluating Quebecor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quebecor stock have on its future price. Quebecor 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, Quebecor autocorrelation shows the relationship between Quebecor stock current value and its past values and can show if there is a momentum factor associated with investing in Quebecor.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in Quebecor Stock

Quebecor financial ratios help investors to determine whether Quebecor 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 Quebecor with respect to the benefits of owning Quebecor security.