QBEAU 5875 Market Value
| 74728GAE0 | 99.57 0.53 0.53% |
| Symbol | QBEAU |
Please note, there is a significant difference between QBEAU's value and its price as these two are different measures arrived at by different means. Investors typically determine if QBEAU is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, QBEAU's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
QBEAU '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 QBEAU's bond 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 QBEAU.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in QBEAU on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding QBEAU 5875 or generate 0.0% return on investment in QBEAU over 30 days. QBEAU is related to or competes with Forsys Metals, MYR, Aldel Financial, EMCOR, Supercom, Highway Holdings, and Topbuild Corp. More
QBEAU 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 QBEAU's bond 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 QBEAU 5875 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8517 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.25 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 0.7779 |
QBEAU Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for QBEAU's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as QBEAU's standard deviation. In reality, there are many statistical measures that can use QBEAU historical prices to predict the future QBEAU's volatility.| Risk Adjusted Performance | 0.0117 | |||
| Jensen Alpha | 0.0283 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | (0.01) |
QBEAU 5875 Backtested Returns
QBEAU 5875 maintains Sharpe Ratio (i.e., Efficiency) of -0.0299, which implies the bond had a -0.0299% return per unit of volatility over the last 3 months. QBEAU 5875 exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check QBEAU's coefficient of variation of 6754.75, and Market Risk Adjusted Performance of 0.0019 to confirm the risk estimate we provide. The entity holds a Beta of -0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning QBEAU are expected to decrease at a much lower rate. During the bear market, QBEAU is likely to outperform the market.
Auto-correlation | -0.46 |
Modest reverse predictability
QBEAU 5875 has modest reverse predictability. Overlapping area represents the amount of predictability between QBEAU time series from 12th of November 2024 to 27th of November 2024 and 27th of November 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 QBEAU 5875 price movement. The serial correlation of -0.46 indicates that about 46.0% of current QBEAU price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 1.63 |
QBEAU 5875 lagged returns against current returns
Autocorrelation, which is QBEAU bond'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 QBEAU's bond expected returns. We can calculate the autocorrelation of QBEAU returns to help us make a trade decision. For example, suppose you find that QBEAU has exhibited high autocorrelation historically, and you observe that the bond 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 |
QBEAU 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 QBEAU bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if QBEAU bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in QBEAU bond over time.
Current vs Lagged Prices |
| Timeline |
QBEAU Lagged Returns
When evaluating QBEAU's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of QBEAU bond have on its future price. QBEAU 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, QBEAU autocorrelation shows the relationship between QBEAU bond current value and its past values and can show if there is a momentum factor associated with investing in QBEAU 5875.
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 QBEAU Bond
QBEAU financial ratios help investors to determine whether QBEAU Bond 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 QBEAU with respect to the benefits of owning QBEAU security.