Queenco L (Israel) Market Value
| QNCO Stock | ILA 744.90 5.10 0.68% |
| Symbol | Queenco |
Queenco L '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 Queenco L'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 Queenco L.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Queenco L on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Queenco L or generate 0.0% return on investment in Queenco L over 30 days. Queenco L is related to or competes with Bank Leumi, Mizrahi Tefahot, Norstar, Gazit Globe, Alony Hetz, Delek, and Azrieli. Queenco Ltd. develops, owns, and operates entertainment centers and casinos in Greece, Cambodia, and Serbia More
Queenco L 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 Queenco L'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 Queenco L upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.62 | |||
| Information Ratio | 0.2476 | |||
| Maximum Drawdown | 14.88 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 9.07 |
Queenco L Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Queenco L's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Queenco L's standard deviation. In reality, there are many statistical measures that can use Queenco L historical prices to predict the future Queenco L's volatility.| Risk Adjusted Performance | 0.214 | |||
| Jensen Alpha | 1.16 | |||
| Total Risk Alpha | 0.9298 | |||
| Sortino Ratio | 0.4344 | |||
| Treynor Ratio | 2.97 |
Queenco L Backtested Returns
Queenco L is very steady given 3 months investment horizon. Queenco L maintains Sharpe Ratio (i.e., Efficiency) of 0.32, which implies the firm had a 0.32% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.64% are justified by taking the suggested risk. Use Queenco L Semi Deviation of 1.68, coefficient of variation of 385.87, and Risk Adjusted Performance of 0.214 to evaluate company specific risk that cannot be diversified away. Queenco L holds a performance score of 25 on a scale of zero to a hundred. The company holds a Beta of 0.4, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Queenco L's returns are expected to increase less than the market. However, during the bear market, the loss of holding Queenco L is expected to be smaller as well. Use Queenco L downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Queenco L.
Auto-correlation | 0.94 |
Excellent predictability
Queenco L has excellent predictability. Overlapping area represents the amount of predictability between Queenco L time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Queenco L price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current Queenco L price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 12.5 K |
Queenco L lagged returns against current returns
Autocorrelation, which is Queenco L 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 Queenco L's stock expected returns. We can calculate the autocorrelation of Queenco L returns to help us make a trade decision. For example, suppose you find that Queenco L 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 |
Queenco L 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 Queenco L stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Queenco L stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Queenco L stock over time.
Current vs Lagged Prices |
| Timeline |
Queenco L Lagged Returns
When evaluating Queenco L's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Queenco L stock have on its future price. Queenco L 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, Queenco L autocorrelation shows the relationship between Queenco L stock current value and its past values and can show if there is a momentum factor associated with investing in Queenco L.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Queenco Stock
Queenco L financial ratios help investors to determine whether Queenco 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 Queenco with respect to the benefits of owning Queenco L security.