Bqe Water Stock Market Value
| BTQNF Stock | USD 43.25 0.85 2.00% |
| Symbol | BQE |
BQE Water '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 BQE Water's pink sheet 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 BQE Water.
| 05/14/2022 |
| 05/03/2024 |
If you would invest 0.00 in BQE Water on May 14, 2022 and sell it all today you would earn a total of 0.00 from holding BQE Water or generate 0.0% return on investment in BQE Water over 720 days. BQE Water is related to or competes with V2X, National Presto, Woodward, Hexcel, Ducommun Incorporated, Mercury Systems, and AAR Corp. BQE Water Inc., a water treatment company, provides wastewater management and treatment services to the mining and metal... More
BQE Water 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 BQE Water's pink sheet 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 BQE Water upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1392 | |||
| Maximum Drawdown | 54.8 |
BQE Water Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BQE Water's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BQE Water's standard deviation. In reality, there are many statistical measures that can use BQE Water historical prices to predict the future BQE Water's volatility.| Risk Adjusted Performance | 0.1038 | |||
| Jensen Alpha | 1.01 | |||
| Total Risk Alpha | 0.5161 | |||
| Treynor Ratio | (2.44) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BQE Water'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.
BQE Water Backtested Returns
BQE Water is somewhat reliable given 3 months investment horizon. BQE Water secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We were able to interpolate twenty different technical indicators, which can help you to evaluate if expected returns of 1.07% are justified by taking the suggested risk. Use BQE Water Mean Deviation of 1.92, standard deviation of 6.83, and Risk Adjusted Performance of 0.1038 to evaluate company specific risk that cannot be diversified away. BQE Water holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning BQE Water are expected to decrease at a much lower rate. During the bear market, BQE Water is likely to outperform the market. Use BQE Water skewness, and the relationship between the variance and day median price , to analyze future returns on BQE Water.
Auto-correlation | 0.42 |
Average predictability
BQE Water has average predictability. Overlapping area represents the amount of predictability between BQE Water time series from 14th of May 2022 to 9th of May 2023 and 9th of May 2023 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 BQE Water price movement. The serial correlation of 0.42 indicates that just about 42.0% of current BQE Water price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 25.16 |
BQE Water lagged returns against current returns
Autocorrelation, which is BQE Water pink sheet'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 BQE Water's pink sheet expected returns. We can calculate the autocorrelation of BQE Water returns to help us make a trade decision. For example, suppose you find that BQE Water has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
BQE Water 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 BQE Water pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BQE Water pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BQE Water pink sheet over time.
Current vs Lagged Prices |
| Timeline |
BQE Water Lagged Returns
When evaluating BQE Water's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BQE Water pink sheet have on its future price. BQE Water 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, BQE Water autocorrelation shows the relationship between BQE Water pink sheet current value and its past values and can show if there is a momentum factor associated with investing in BQE Water.
Regressed Prices |
| Timeline |
Pair Trading with BQE Water
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 BQE Water 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 BQE Water will appreciate offsetting losses from the drop in the long position's value.Moving against BQE Pink Sheet
| 0.83 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
| 0.81 | HD | Home Depot Financial Report 21st of May 2024 | PairCorr |
| 0.75 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.62 | MCD | McDonalds Sell-off Trend | PairCorr |
| 0.56 | CSCO | Cisco Systems Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to BQE Water could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BQE Water 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 BQE Water - 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 BQE Water to buy it.
The correlation of BQE Water 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 BQE Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BQE Water 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 BQE Water 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.Check out BQE Water Correlation, BQE Water Volatility and BQE Water Alpha and Beta module to complement your research on BQE Water. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for BQE Pink Sheet analysis
When running BQE Water's price analysis, check to measure BQE Water'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 BQE Water is operating at the current time. Most of BQE Water's value examination focuses on studying past and present price action to predict the probability of BQE Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BQE Water's price. Additionally, you may evaluate how the addition of BQE Water to your portfolios can decrease your overall portfolio volatility.
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BQE Water technical pink sheet 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, pink sheet market cycles, or different charting patterns.