Qs Growth Fund Market Value

LANIX Fund  USD 17.21  0.03  0.17%   
Qs Growth's market value is the price at which a share of Qs Growth trades on a public exchange. It measures the collective expectations of Qs Growth Fund investors about its performance. Qs Growth is trading at 17.21 as of the 28th of March 2024; that is 0.17 percent increase since the beginning of the trading day. The fund's open price was 17.18.
With this module, you can estimate the performance of a buy and hold strategy of Qs Growth Fund and determine expected loss or profit from investing in Qs Growth over a given investment horizon. Check out Qs Growth Correlation, Qs Growth Volatility and Qs Growth Alpha and Beta module to complement your research on Qs Growth.
Symbol

Please note, there is a significant difference between Qs Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Qs Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Qs Growth'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.

Qs Growth '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 Qs Growth's mutual fund 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 Qs Growth.
0.00
12/29/2023
No Change 0.00  0.0 
In 3 months and 1 day
03/28/2024
0.00
If you would invest  0.00  in Qs Growth on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Qs Growth Fund or generate 0.0% return on investment in Qs Growth over 90 days. Qs Growth is related to or competes with American Funds, American Funds, American Funds, Franklin Mutual, Franklin Mutual, Franklin Mutual, and American Funds. The fund is a fund of fundsit invests in other mutual funds and may also invest in exchange-traded funds More

Qs Growth 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 Qs Growth's mutual fund 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 Qs Growth Fund upside and downside potential and time the market with a certain degree of confidence.

Qs Growth Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Qs Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qs Growth's standard deviation. In reality, there are many statistical measures that can use Qs Growth historical prices to predict the future Qs Growth's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Qs Growth'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.
Hype
Prediction
LowEstimatedHigh
16.6317.2117.79
Details
Intrinsic
Valuation
LowRealHigh
15.4918.7619.34
Details
Naive
Forecast
LowNextHigh
16.6117.1917.77
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
16.5516.9117.27
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Qs Growth. Your research has to be compared to or analyzed against Qs Growth's peers to derive any actionable benefits. When done correctly, Qs Growth's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Qs Growth Fund.

Qs Growth Fund Backtested Returns

We consider Qs Growth very steady. Qs Growth Fund retains Efficiency (Sharpe Ratio) of 0.24, which implies the entity had a 0.24% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Qs Growth, which you can use to evaluate the volatility of the fund. Please check Qs Growth's standard deviation of 0.5625, and Market Risk Adjusted Performance of 0.1455 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. The fund owns a Beta (Systematic Risk) of 0.93, which implies possible diversification benefits within a given portfolio. Qs Growth returns are very sensitive to returns on the market. As the market goes up or down, Qs Growth is expected to follow.

Auto-correlation

    
  0.88  

Very good predictability

Qs Growth Fund has very good predictability. Overlapping area represents the amount of predictability between Qs Growth time series from 29th of December 2023 to 12th of February 2024 and 12th of February 2024 to 28th of March 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 Qs Growth Fund price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Qs Growth price fluctuation can be explain by its past prices.
Correlation Coefficient0.88
Spearman Rank Test0.91
Residual Average0.0
Price Variance0.06

Qs Growth Fund lagged returns against current returns

Autocorrelation, which is Qs Growth mutual fund'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 Qs Growth's mutual fund expected returns. We can calculate the autocorrelation of Qs Growth returns to help us make a trade decision. For example, suppose you find that Qs Growth has exhibited high autocorrelation historically, and you observe that the mutual fund 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  

Qs Growth 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 Qs Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qs Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qs Growth mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Qs Growth Lagged Returns

When evaluating Qs Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qs Growth mutual fund have on its future price. Qs Growth 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, Qs Growth autocorrelation shows the relationship between Qs Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Qs Growth Fund.
   Regressed Prices   
       Timeline  

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Check out Qs Growth Correlation, Qs Growth Volatility and Qs Growth Alpha and Beta module to complement your research on Qs Growth.
You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

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When running Qs Growth's price analysis, check to measure Qs Growth'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 Qs Growth is operating at the current time. Most of Qs Growth's value examination focuses on studying past and present price action to predict the probability of Qs Growth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Qs Growth's price. Additionally, you may evaluate how the addition of Qs Growth to your portfolios can decrease your overall portfolio volatility.
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Qs Growth technical mutual fund 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, fund market cycles, or different charting patterns.
A focus of Qs Growth technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Qs Growth trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...