Qantas Airways Limited Stock Price on March 5, 2024
| QUBSF Stock | USD 5.40 0.15 2.70% |
If you're considering investing in Qantas Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Qantas Airways stands at 5.40, as last reported on the 26th of November, with the highest price reaching 5.40 and the lowest price hitting 5.40 during the day. Qantas Airways appears to be slightly risky, given 3 months investment horizon. Qantas Airways maintains Sharpe Ratio (i.e., Efficiency) of 0.25, which implies the firm had a 0.25% return per unit of risk over the last 3 months. By analyzing Qantas Airways' technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please evaluate Qantas Airways' Risk Adjusted Performance of 0.1903, coefficient of variation of 416.1, and Variance of 5.07 to confirm if our risk estimates are consistent with your expectations.
Qantas Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Qantas |
Sharpe Ratio = 0.2462
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Estimated Market Risk
| 2.3 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.57 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Qantas Airways is performing at about 19% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Qantas Airways by adding it to a well-diversified portfolio.
Qantas Airways Valuation on March 5, 2024
It is possible to determine the worth of Qantas Airways on a given historical date. On March 5, 2024 Qantas was worth 3.3 at the beginning of the trading date compared to the closed value of 3.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Qantas Airways pink sheet. Still, in general, we apply an absolute valuation method to find Qantas Airways' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Qantas Airways where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Qantas Airways' related companies.
| Open | High | Low | Close | Volume | |
| 3.40 | 3.40 | 3.40 | 3.40 | 1.00 | |
03/05/2024 | 3.30 | 3.30 | 3.30 | 3.30 | 2,500 |
| 3.30 | 3.30 | 3.30 | 3.30 | 1.00 |
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Qantas Airways Trading Date Momentum on March 5, 2024
| On March 06 2024 Qantas Airways Limited was traded for 3.30 at the closing time. The highest daily price throughout the period was 3.30 and the lowest price was 3.30 . There was no trading activity during the period 1.0. Lack of trading volume on 03/06/2024 did not cause price change. The trading delta at closing time to current closing price is 1.52% . |
Qantas Airways Fundamentals Correlations and Trends
By evaluating Qantas Airways' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Qantas Airways' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Qantas financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Qantas Airways Pink Sheet history
Qantas Airways investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Qantas is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Qantas Airways will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Qantas Airways stock prices may prove useful in developing a viable investing in Qantas Airways
Qantas Airways Limited provides air transportation services in Australia and internationally. Qantas Airways Limited was founded in 1920 and is based in Mascot, Australia. QANTAS AIRWAYS operates under Airlines classification in the United States and is traded on OTC Exchange. It employs 17000 people.
Qantas Airways Pink Sheet Technical Analysis
Qantas Airways 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.
Price Boundaries
Qantas Airways Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Qantas Airways Limited cannot be verified against its exchange. Please verify the symbol is currently traded on PINK Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Qantas Airways November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Qantas Airways pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Qantas Airways shares will generate the highest return on investment. By undertsting and applying Qantas Airways pink sheet market strength indicators, traders can identify Qantas Airways Limited entry and exit signals to maximize returns
Qantas Airways Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Qantas Airways' price direction in advance. Along with the technical and fundamental analysis of Qantas Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Qantas to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1903 | |||
| Jensen Alpha | 0.5683 | |||
| Total Risk Alpha | 0.1817 | |||
| Treynor Ratio | (1.70) |
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Complementary Tools for Qantas Pink Sheet analysis
When running Qantas Airways' price analysis, check to measure Qantas Airways' 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 Qantas Airways is operating at the current time. Most of Qantas Airways' value examination focuses on studying past and present price action to predict the probability of Qantas Airways' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Qantas Airways' price. Additionally, you may evaluate how the addition of Qantas Airways to your portfolios can decrease your overall portfolio volatility.
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