Quebec Precious Metals Stock Market Value
| QPM Stock | CAD 0.05 0.01 16.67% |
| Symbol | Quebec |
Quebec Precious Metals Price To Book Ratio
Quebec Precious '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 Quebec Precious' 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 Quebec Precious.
| 01/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Quebec Precious on January 20, 2024 and sell it all today you would earn a total of 0.00 from holding Quebec Precious Metals or generate 0.0% return on investment in Quebec Precious over 90 days. Quebec Precious is related to or competes with Carlin Gold. Quebec Precious Metals Corporation engages in the acquisition, exploration and development of mining projects in Canada More
Quebec Precious 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 Quebec Precious' 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 Quebec Precious Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 36.67 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Quebec Precious Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quebec Precious' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quebec Precious' standard deviation. In reality, there are many statistical measures that can use Quebec Precious historical prices to predict the future Quebec Precious' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.96) | |||
| Treynor Ratio | 0.1637 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Quebec Precious' 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.
Quebec Precious Metals Backtested Returns
Quebec Precious Metals maintains Sharpe Ratio (i.e., Efficiency) of -0.0056, which implies the firm had a -0.0056% return per unit of risk over the last 3 months. Quebec Precious Metals exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Quebec Precious' Variance of 62.04, coefficient of variation of (3,864), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The company holds a Beta of -1.31, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Quebec Precious are expected to decrease by larger amounts. On the other hand, during market turmoil, Quebec Precious is expected to outperform it. Quebec Precious Metals has an expected return of -0.0403%. Please make sure to check Quebec Precious Metals treynor ratio and the relationship between the skewness and price action indicator , to decide if Quebec Precious Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Quebec Precious Metals has poor reverse predictability. Overlapping area represents the amount of predictability between Quebec Precious time series from 20th of January 2024 to 5th of March 2024 and 5th of March 2024 to 19th of April 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 Quebec Precious Metals price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Quebec Precious price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Quebec Precious Metals lagged returns against current returns
Autocorrelation, which is Quebec Precious 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 Quebec Precious' stock expected returns. We can calculate the autocorrelation of Quebec Precious returns to help us make a trade decision. For example, suppose you find that Quebec Precious 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 |
Quebec Precious 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 Quebec Precious stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quebec Precious stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quebec Precious stock over time.
Current vs Lagged Prices |
| Timeline |
Quebec Precious Lagged Returns
When evaluating Quebec Precious' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quebec Precious stock have on its future price. Quebec Precious 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, Quebec Precious autocorrelation shows the relationship between Quebec Precious stock current value and its past values and can show if there is a momentum factor associated with investing in Quebec Precious Metals.
Regressed Prices |
| Timeline |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Quebec Precious Metals using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Quebec Precious Correlation, Quebec Precious Volatility and Quebec Precious Alpha and Beta module to complement your research on Quebec Precious. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Quebec Stock analysis
When running Quebec Precious' price analysis, check to measure Quebec Precious' 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 Quebec Precious is operating at the current time. Most of Quebec Precious' value examination focuses on studying past and present price action to predict the probability of Quebec Precious' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quebec Precious' price. Additionally, you may evaluate how the addition of Quebec Precious to your portfolios can decrease your overall portfolio volatility.
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges |
Quebec Precious 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.