Qiagen Nv Stock Market Value
| QGEN Stock | USD 43.43 0.32 0.73% |
| Symbol | Qiagen |
Qiagen NV Price To Book Ratio
Is Life Sciences Tools & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Qiagen NV. If investors know Qiagen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Qiagen NV listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.255 | Earnings Share 0.45 | Revenue Per Share 8.841 | Quarterly Revenue Growth 0.055 | Return On Assets 0.0484 |
The market value of Qiagen NV is measured differently than its book value, which is the value of Qiagen that is recorded on the company's balance sheet. Investors also form their own opinion of Qiagen NV's value that differs from its market value or its book value, called intrinsic value, which is Qiagen NV's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Qiagen NV's market value can be influenced by many factors that don't directly affect Qiagen NV's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Qiagen NV's value and its price as these two are different measures arrived at by different means. Investors typically determine if Qiagen NV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Qiagen NV'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.
Qiagen NV '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 Qiagen NV'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 Qiagen NV.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Qiagen NV on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Qiagen NV or generate 0.0% return on investment in Qiagen NV over 30 days. Qiagen NV is related to or competes with Neogen, Aclaris Therapeutics, IQVIA Holdings, Medpace Holdings, ICON PLC, Sotera Health, and Natera. QIAGEN N.V. offers sample to insight solutions that transform biological materials into molecular insights worldwide More
Qiagen NV 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 Qiagen NV'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 Qiagen NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 5.8 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 2.06 |
Qiagen NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qiagen NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qiagen NV's standard deviation. In reality, there are many statistical measures that can use Qiagen NV historical prices to predict the future Qiagen NV's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Qiagen NV's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Qiagen NV Backtested Returns
Qiagen NV maintains Sharpe Ratio (i.e., Efficiency) of -0.0183, which implies the firm had a -0.0183% return per unit of risk over the last 3 months. Qiagen NV exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Qiagen NV's Coefficient Of Variation of (1,772), risk adjusted performance of (0.04), and Variance of 1.66 to confirm the risk estimate we provide. The company holds a Beta of 0.72, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Qiagen NV's returns are expected to increase less than the market. However, during the bear market, the loss of holding Qiagen NV is expected to be smaller as well. At this point, Qiagen NV has a negative expected return of -0.023%. Please make sure to check Qiagen NV's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Qiagen NV performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Qiagen NV has weak predictability. Overlapping area represents the amount of predictability between Qiagen NV time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Qiagen NV price movement. The serial correlation of 0.22 indicates that over 22.0% of current Qiagen NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 1.04 |
Qiagen NV lagged returns against current returns
Autocorrelation, which is Qiagen NV 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 Qiagen NV's stock expected returns. We can calculate the autocorrelation of Qiagen NV returns to help us make a trade decision. For example, suppose you find that Qiagen NV 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 |
Qiagen NV 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 Qiagen NV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qiagen NV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qiagen NV stock over time.
Current vs Lagged Prices |
| Timeline |
Qiagen NV Lagged Returns
When evaluating Qiagen NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qiagen NV stock have on its future price. Qiagen NV 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, Qiagen NV autocorrelation shows the relationship between Qiagen NV stock current value and its past values and can show if there is a momentum factor associated with investing in Qiagen NV.
Regressed Prices |
| Timeline |
Pair Trading with Qiagen NV
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 Qiagen NV 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 Qiagen NV will appreciate offsetting losses from the drop in the long position's value.Moving together with Qiagen Stock
| 0.67 | A | Agilent Technologies Sell-off Trend | PairCorr |
| 0.72 | ME | 23Andme Holding Upward Rally | PairCorr |
Moving against Qiagen Stock
| 0.73 | DRUG | Bright Minds Biosciences Trending | PairCorr |
| 0.41 | VCYT | Veracyte | PairCorr |
| 0.39 | VERA | Vera Therapeutics | PairCorr |
| 0.34 | VANI | Vivani Medical | PairCorr |
The ability to find closely correlated positions to Qiagen NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Qiagen NV 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 Qiagen NV - 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 Qiagen NV to buy it.
The correlation of Qiagen NV 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 Qiagen NV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Qiagen NV 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 Qiagen NV 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.Check out Qiagen NV Correlation, Qiagen NV Volatility and Qiagen NV Alpha and Beta module to complement your research on Qiagen NV. To learn how to invest in Qiagen Stock, please use our How to Invest in Qiagen NV guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Qiagen NV technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.