Qualitech Public (Thailand) Market Value
| QLT Stock | THB 2.90 0.16 5.84% |
| Symbol | Qualitech |
Qualitech Public '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 Qualitech Public'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 Qualitech Public.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Qualitech Public on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Qualitech Public or generate 0.0% return on investment in Qualitech Public over 30 days. Qualitech Public is related to or competes with KGHM Polska, and J Sainsbury. Qualitech Public Company Limited provides non-destructive testing, and engineering inspection and certification services... More
Qualitech Public 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 Qualitech Public'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 Qualitech Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.28 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 3.62 |
Qualitech Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qualitech Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qualitech Public's standard deviation. In reality, there are many statistical measures that can use Qualitech Public historical prices to predict the future Qualitech Public's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (7.65) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Qualitech Public's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Qualitech Public Backtested Returns
Qualitech Public maintains Sharpe Ratio (i.e., Efficiency) of -0.0512, which implies the firm had a -0.0512% return per unit of risk over the last 3 months. Qualitech Public exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Qualitech Public's Variance of 5.69, coefficient of variation of (2,169), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The company holds a Beta of 0.0157, which implies not very significant fluctuations relative to the market. As returns on the market increase, Qualitech Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding Qualitech Public is expected to be smaller as well. Qualitech Public has an expected return of -0.12%. Please make sure to check Qualitech Public coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Qualitech Public performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
Qualitech Public has very weak reverse predictability. Overlapping area represents the amount of predictability between Qualitech Public time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd of May 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 Qualitech Public price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Qualitech Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Qualitech Public lagged returns against current returns
Autocorrelation, which is Qualitech Public 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 Qualitech Public's stock expected returns. We can calculate the autocorrelation of Qualitech Public returns to help us make a trade decision. For example, suppose you find that Qualitech Public 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 |
Qualitech Public 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 Qualitech Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qualitech Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qualitech Public stock over time.
Current vs Lagged Prices |
| Timeline |
Qualitech Public Lagged Returns
When evaluating Qualitech Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qualitech Public stock have on its future price. Qualitech Public 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, Qualitech Public autocorrelation shows the relationship between Qualitech Public stock current value and its past values and can show if there is a momentum factor associated with investing in Qualitech Public.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Qualitech Public in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Qualitech Public's short interest history, or implied volatility extrapolated from Qualitech Public options trading.
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Check out Qualitech Public Correlation, Qualitech Public Volatility and Qualitech Public Alpha and Beta module to complement your research on Qualitech Public. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Qualitech Stock analysis
When running Qualitech Public's price analysis, check to measure Qualitech Public's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Qualitech Public is operating at the current time. Most of Qualitech Public's value examination focuses on studying past and present price action to predict the probability of Qualitech Public's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Qualitech Public's price. Additionally, you may evaluate how the addition of Qualitech Public to your portfolios can decrease your overall portfolio volatility.
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Qualitech Public technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.