Qt Group (Finland) Market Value
| QTCOM Stock | EUR 70.60 1.30 1.81% |
| Symbol | QTCOM |
Qt 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 Qt Group'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 Qt Group.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Qt Group on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Qt Group Oyj or generate 0.0% return on investment in Qt Group over 30 days. Qt Group is related to or competes with Harvia Oyj, Sampo Oyj, Revenio, Kamux Suomi, and Nordea Bank. Qt Group Oyj, a software company, develops, productizes, and licenses software development tools under commercial and op... More
Qt 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 Qt Group'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 Qt Group Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 23.61 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.77 |
Qt Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qt Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qt Group's standard deviation. In reality, there are many statistical measures that can use Qt Group historical prices to predict the future Qt Group's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | (0.33) |
Qt Group Oyj Backtested Returns
Qt Group Oyj retains Efficiency (Sharpe Ratio) of -0.11, which implies the firm had a -0.11% return per unit of price deviation over the last 3 months. Qt Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Qt Group's market risk adjusted performance of (0.32), and Information Ratio of (0.15) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.88, which implies possible diversification benefits within a given portfolio. Qt Group returns are very sensitive to returns on the market. As the market goes up or down, Qt Group is expected to follow. At this point, Qt Group Oyj has a negative expected return of -0.32%. Please make sure to check Qt Group's potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if Qt Group Oyj performance from the past will be repeated at future time.
Auto-correlation | -0.57 |
Good reverse predictability
Qt Group Oyj has good reverse predictability. Overlapping area represents the amount of predictability between Qt Group time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Qt Group Oyj price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Qt Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 2.74 |
Qt Group Oyj lagged returns against current returns
Autocorrelation, which is Qt Group 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 Qt Group's stock expected returns. We can calculate the autocorrelation of Qt Group returns to help us make a trade decision. For example, suppose you find that Qt Group 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 |
Qt 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 Qt Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qt Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qt Group stock over time.
Current vs Lagged Prices |
| Timeline |
Qt Group Lagged Returns
When evaluating Qt Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qt Group stock have on its future price. Qt 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, Qt Group autocorrelation shows the relationship between Qt Group stock current value and its past values and can show if there is a momentum factor associated with investing in Qt Group Oyj.
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 QTCOM Stock
Qt Group financial ratios help investors to determine whether QTCOM 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 QTCOM with respect to the benefits of owning Qt Group security.