Q Linea (Sweden) Market Value
| QLINEA Stock | SEK 1.08 0.01 0.92% |
| Symbol | QLINEA |
Q Linea '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 Q Linea'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 Q Linea.
| 05/16/2024 |
| 12/12/2024 |
If you would invest 0.00 in Q Linea on May 16, 2024 and sell it all today you would earn a total of 0.00 from holding Q linea AB or generate 0.0% return on investment in Q Linea over 210 days. Q Linea is related to or competes with Surgical Science, Bonesupport Holding, Swedencare Publ, and Oncopeptides. Q-linea AB researches, develops, manufactures, and sells instruments and disposables for infection diagnostics More
Q Linea 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 Q Linea'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 Q linea AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 27.87 | |||
| Value At Risk | (8.20) | |||
| Potential Upside | 5.36 |
Q Linea Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Q Linea's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Q Linea's standard deviation. In reality, there are many statistical measures that can use Q Linea historical prices to predict the future Q Linea's volatility.| Risk Adjusted Performance | (0.22) | |||
| Jensen Alpha | (1.62) | |||
| Total Risk Alpha | (2.36) | |||
| Treynor Ratio | (4.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Q Linea'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.
Q linea AB Backtested Returns
Q linea AB maintains Sharpe Ratio (i.e., Efficiency) of -0.32, which implies the company had a -0.32% return per unit of risk over the last 3 months. Q linea AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Q Linea's Market Risk Adjusted Performance of (4.12), information ratio of (0.34), and Variance of 24.47 to confirm the risk estimate we provide. The firm holds a Beta of 0.38, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Q Linea's returns are expected to increase less than the market. However, during the bear market, the loss of holding Q Linea is expected to be smaller as well. At this point, Q linea AB has a negative expected return of -1.62%. Please make sure to check Q Linea's potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if Q linea AB performance from the past will be repeated in the future.
Auto-correlation | -0.45 |
Modest reverse predictability
Q linea AB has modest reverse predictability. Overlapping area represents the amount of predictability between Q Linea time series from 16th of May 2024 to 29th of August 2024 and 29th of August 2024 to 12th 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 Q linea AB price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Q Linea price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
Q linea AB lagged returns against current returns
Autocorrelation, which is Q Linea 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 Q Linea's stock expected returns. We can calculate the autocorrelation of Q Linea returns to help us make a trade decision. For example, suppose you find that Q Linea 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 |
Q Linea 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 Q Linea stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Q Linea stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Q Linea stock over time.
Current vs Lagged Prices |
| Timeline |
Q Linea Lagged Returns
When evaluating Q Linea's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Q Linea stock have on its future price. Q Linea 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, Q Linea autocorrelation shows the relationship between Q Linea stock current value and its past values and can show if there is a momentum factor associated with investing in Q linea AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in QLINEA Stock
Q Linea financial ratios help investors to determine whether QLINEA 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 QLINEA with respect to the benefits of owning Q Linea security.