Qinetiq Group Plc Stock Market Value
| QNTQF Stock | USD 5.35 0.00 0.00% |
| Symbol | QinetiQ |
QinetiQ Group '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 QinetiQ Group's pink sheet 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 QinetiQ Group.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in QinetiQ Group on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding QinetiQ Group plc or generate 0.0% return on investment in QinetiQ Group over 30 days. QinetiQ Group is related to or competes with Qinetiq Group, Rotork Plc, Singapore Technologies, Leonardo SpA, and Leonardo Spa. QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and infrastructure m... More
QinetiQ Group 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 QinetiQ Group's pink sheet 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 QinetiQ Group plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 17.65 | |||
| Value At Risk | (0.17) |
QinetiQ Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for QinetiQ Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as QinetiQ Group's standard deviation. In reality, there are many statistical measures that can use QinetiQ Group historical prices to predict the future QinetiQ Group's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 28.82 |
QinetiQ Group plc Backtested Returns
QinetiQ Group plc maintains Sharpe Ratio (i.e., Efficiency) of -0.077, which implies the firm had a -0.077% return per unit of risk over the last 3 months. QinetiQ Group plc exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check QinetiQ Group's Variance of 2.86, coefficient of variation of (1,319), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The company holds a Beta of -0.0048, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning QinetiQ Group are expected to decrease at a much lower rate. During the bear market, QinetiQ Group is likely to outperform the market. At this point, QinetiQ Group plc has a negative expected return of -0.13%. Please make sure to check QinetiQ Group's information ratio and kurtosis , to decide if QinetiQ Group plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
QinetiQ Group plc has poor predictability. Overlapping area represents the amount of predictability between QinetiQ Group time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 QinetiQ Group plc price movement. The serial correlation of 0.25 indicates that over 25.0% of current QinetiQ Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
QinetiQ Group plc lagged returns against current returns
Autocorrelation, which is QinetiQ Group pink sheet'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 QinetiQ Group's pink sheet expected returns. We can calculate the autocorrelation of QinetiQ Group returns to help us make a trade decision. For example, suppose you find that QinetiQ Group has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
QinetiQ Group 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 QinetiQ Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if QinetiQ Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in QinetiQ Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
QinetiQ Group Lagged Returns
When evaluating QinetiQ Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of QinetiQ Group pink sheet have on its future price. QinetiQ Group 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, QinetiQ Group autocorrelation shows the relationship between QinetiQ Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in QinetiQ Group plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in QinetiQ Pink Sheet
QinetiQ Group financial ratios help investors to determine whether QinetiQ Pink Sheet 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 QinetiQ with respect to the benefits of owning QinetiQ Group security.