NQPH (Philippine) Market Value

NQPH -  Philippine Index  

 947.18  0.23  0.0243%

NQPH's market value is the price at which a share of NQPH stock trades on a public exchange. It measures the collective expectations of NQPH investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of NQPH and determine expected loss or profit from investing in NQPH over a given investment horizon. Check out NQPH Hype Analysis, NQPH Correlation, Portfolio Optimization, NQPH Volatility, as well as analyze NQPH Alpha and Beta and NQPH Performance.
Symbol
Backtest

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

NQPH '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 NQPH's index 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 NQPH.
0.00
06/29/2021
No Change 0.00  0.0 
In 30 days
07/29/2021
0.00
If you would invest  0.00  in NQPH on June 29, 2021 and sell it all today you would earn a total of 0.00 from holding NQPH or generate 0.0% return on investment in NQPH over 30 days.

NQPH 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 NQPH's index 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 NQPH upside and downside potential and time the market with a certain degree of confidence.

NQPH Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for NQPH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NQPH's standard deviation. In reality, there are many statistical measures that can use NQPH historical prices to predict the future NQPH's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of NQPH'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. Please use the tools below to analyze the current value of NQPH in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
945.92947.18948.44
Details
Intrinsic
Valuation
LowReal ValueHigh
852.46972.64973.90
Details
Naive
Forecast
LowNext ValueHigh
936.52937.78939.05
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
916.111,0031,089
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NQPH. Your research has to be compared to or analyzed against NQPH's peers to derive any actionable benefits. When done correctly, NQPH's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in NQPH.

NQPH Backtested Returns

NQPH has Sharpe Ratio of -0.0231, which conveys that the entity had -0.0231% of return per unit of volatility over the last 3 months. Macroaxis approach towards estimating the risk of any index is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. NQPH exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away.
The index secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. Let's try to break down what NQPH's beta means in this case. the returns on MARKET and NQPH are completely uncorrelated. Even though it is essential to pay attention to NQPH price patterns, it is always good to be careful when utilizing equity historical price patterns. Our approach towards estimating any index's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. NQPH exposes twenty-eight different technical indicators, which can help you to evaluate its performance.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
   0.73   

Good predictability

NQPH has good predictability. Overlapping area represents the amount of predictability between NQPH time series from 29th of June 2021 to 14th of July 2021 and 14th of July 2021 to 29th of July 2021. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NQPH price movement. The serial correlation of 0.73 indicates that around 73.0% of current NQPH price fluctuation can be explain by its past prices.
Correlation Coefficient0.73
Spearman Rank Test0.69
Residual Average0.0
Price Variance339.94

NQPH lagged returns against current returns

Autocorrelation, which is NQPH index'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 NQPH's index expected returns. We can calculate the autocorrelation of NQPH returns to help us make a trade decision. For example, suppose you find that NQPH index 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

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

NQPH Lagged Returns

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

NQPH Investors Sentiment

The influence of NQPH's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in NQPH. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - NQPH

NQPH Investor Sentiment

Most of Macroaxis users are at this time bearish on NQPH. What is your trading attitude regarding investing in Philippine companies? Are you bullish or bearish on NQPH?
Bullish
Bearish
3% Bullish
97% Bearish
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Check out NQPH Hype Analysis, NQPH Correlation, Portfolio Optimization, NQPH Volatility, as well as analyze NQPH Alpha and Beta and NQPH Performance. Note that the NQPH information on this page should be used as a complementary analysis to other NQPH's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Other Tools for NQPH Index

When running NQPH price analysis, check to measure NQPH'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 NQPH is operating at the current time. Most of NQPH's value examination focuses on studying past and present price action to predict the probability of NQPH's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move NQPH's price. Additionally, you may evaluate how the addition of NQPH to your portfolios can decrease your overall portfolio volatility.
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