Quebecor Stock Market Value
| QBR-B Stock | CAD 33.06 0.50 1.54% |
| Symbol | Quebecor |
Quebecor Price To Book Ratio
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.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Quebecor on November 1, 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 Cogeco Communications, Transcontinental, IA Financial, S A P, and Empire Company. Quebecor Inc., through its subsidiaries, operates in the telecommunications, media, and sports and entertainment busines... 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.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 5.63 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 1.54 |
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.| Risk Adjusted Performance | 0.0011 | |||
| Jensen Alpha | 0.0195 | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.0498 |
Quebecor Backtested Returns
Quebecor maintains Sharpe Ratio (i.e., Efficiency) of -0.0089, which implies the firm had a -0.0089% return per unit of risk over the last 3 months. Quebecor exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Quebecor's Variance of 1.16, coefficient of variation of (43,268), and Risk Adjusted Performance of 0.0011 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 -0.0097%. Please make sure to check Quebecor's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Quebecor performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.9 |
Excellent reverse predictability
Quebecor has excellent reverse predictability. Overlapping area represents the amount of predictability between Quebecor time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 -0.9 indicates that approximately 90.0% of current Quebecor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.9 | |
| Spearman Rank Test | -0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
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 |
Pair Trading with Quebecor
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Quebecor position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Quebecor will appreciate offsetting losses from the drop in the long position's value.Moving against Quebecor Stock
| 0.74 | JPM | JPMorgan Chase | PairCorr |
| 0.72 | BOFA | Bank of America | PairCorr |
| 0.61 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
| 0.57 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
| 0.54 | RY-PN | Royal Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Quebecor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quebecor when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Quebecor - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Quebecor to buy it.
The correlation of Quebecor is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Quebecor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quebecor moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Quebecor can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Quebecor Stock Analysis
When running Quebecor's price analysis, check to measure Quebecor's 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 Quebecor is operating at the current time. Most of Quebecor's value examination focuses on studying past and present price action to predict the probability of Quebecor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quebecor's price. Additionally, you may evaluate how the addition of Quebecor to your portfolios can decrease your overall portfolio volatility.