Quarterhill Stock Market Value
| QTRH Stock | CAD 1.65 0.02 1.20% |
| Symbol | Quarterhill |
Quarterhill Price To Book Ratio
Quarterhill '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 Quarterhill'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 Quarterhill.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Quarterhill on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Quarterhill or generate 0.0% return on investment in Quarterhill over 360 days. Quarterhill is related to or competes with Real Matters, TECSYS, Enghouse Systems, and Pulse Seismic. Quarterhill Inc. operates in the intelligent transportation system and intellectual property licensing industries worldw... More
Quarterhill 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 Quarterhill'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 Quarterhill upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.88 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 18.26 | |||
| Value At Risk | (4.27) | |||
| Potential Upside | 6.02 |
Quarterhill Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quarterhill's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quarterhill's standard deviation. In reality, there are many statistical measures that can use Quarterhill historical prices to predict the future Quarterhill's volatility.| Risk Adjusted Performance | 0.0307 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0902 |
Quarterhill Backtested Returns
As of now, Quarterhill Stock is very risky. Quarterhill maintains Sharpe Ratio (i.e., Efficiency) of 0.0401, which implies the firm had a 0.0401% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Quarterhill, which you can use to evaluate the volatility of the company. Please check Quarterhill's Risk Adjusted Performance of 0.0307, semi deviation of 2.57, and Coefficient Of Variation of 3301.02 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Quarterhill has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 0.95, which implies possible diversification benefits within a given portfolio. Quarterhill returns are very sensitive to returns on the market. As the market goes up or down, Quarterhill is expected to follow. Quarterhill right now holds a risk of 3.17%. Please check Quarterhill coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Quarterhill will be following its historical price patterns.
Auto-correlation | 0.37 |
Below average predictability
Quarterhill has below average predictability. Overlapping area represents the amount of predictability between Quarterhill time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Quarterhill price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Quarterhill price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Quarterhill lagged returns against current returns
Autocorrelation, which is Quarterhill 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 Quarterhill's stock expected returns. We can calculate the autocorrelation of Quarterhill returns to help us make a trade decision. For example, suppose you find that Quarterhill 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 |
Quarterhill 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 Quarterhill stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quarterhill stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quarterhill stock over time.
Current vs Lagged Prices |
| Timeline |
Quarterhill Lagged Returns
When evaluating Quarterhill's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quarterhill stock have on its future price. Quarterhill 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, Quarterhill autocorrelation shows the relationship between Quarterhill stock current value and its past values and can show if there is a momentum factor associated with investing in Quarterhill.
Regressed Prices |
| Timeline |
Pair Trading with Quarterhill
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 Quarterhill 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 Quarterhill will appreciate offsetting losses from the drop in the long position's value.Moving against Quarterhill Stock
| 0.36 | RY-PN | Royal Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Quarterhill could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quarterhill 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 Quarterhill - 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 Quarterhill to buy it.
The correlation of Quarterhill 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 Quarterhill moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quarterhill 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 Quarterhill 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.Other Information on Investing in Quarterhill Stock
Quarterhill financial ratios help investors to determine whether Quarterhill 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 Quarterhill with respect to the benefits of owning Quarterhill security.