Qtone Education (China) Market Value
| 300359 Stock | 6.21 0.19 2.97% |
| Symbol | Qtone |
Qtone Education '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 Qtone Education's 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 Qtone Education.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Qtone Education on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Qtone Education Group or generate 0.0% return on investment in Qtone Education over 90 days. Qtone Education is related to or competes with Lutian Machinery, Changshu Tongrun, PetroChina, Bank of China, Guangxi Guiguan, Yantai North, and China Citic. Qtone Education is entity of China. It is traded as Stock on SHE exchange. More
Qtone Education 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 Qtone Education's 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 Qtone Education Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.78 | |||
| Information Ratio | 0.1162 | |||
| Maximum Drawdown | 32.54 | |||
| Value At Risk | (6.01) | |||
| Potential Upside | 5.9 |
Qtone Education Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qtone Education's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qtone Education's standard deviation. In reality, there are many statistical measures that can use Qtone Education historical prices to predict the future Qtone Education's volatility.| Risk Adjusted Performance | 0.1181 | |||
| Jensen Alpha | 0.7343 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1141 | |||
| Treynor Ratio | (1.11) |
Qtone Education Group Backtested Returns
Qtone Education appears to be relatively risky, given 3 months investment horizon. Qtone Education Group maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14% return per unit of risk over the last 3 months. By analyzing Qtone Education's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please evaluate Qtone Education's Semi Deviation of 4.08, risk adjusted performance of 0.1181, and Coefficient Of Variation of 696.25 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Qtone Education holds a performance score of 10. The company holds a Beta of -0.6, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Qtone Education are expected to decrease at a much lower rate. During the bear market, Qtone Education is likely to outperform the market. Please check Qtone Education's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Qtone Education's historical price patterns will revert.
Auto-correlation | 0.42 |
Average predictability
Qtone Education Group has average predictability. Overlapping area represents the amount of predictability between Qtone Education time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th of November 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 Qtone Education Group price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Qtone Education price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Qtone Education Group lagged returns against current returns
Autocorrelation, which is Qtone Education 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 Qtone Education's stock expected returns. We can calculate the autocorrelation of Qtone Education returns to help us make a trade decision. For example, suppose you find that Qtone Education 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 |
Qtone Education 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 Qtone Education stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qtone Education stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qtone Education stock over time.
Current vs Lagged Prices |
| Timeline |
Qtone Education Lagged Returns
When evaluating Qtone Education's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qtone Education stock have on its future price. Qtone Education 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, Qtone Education autocorrelation shows the relationship between Qtone Education stock current value and its past values and can show if there is a momentum factor associated with investing in Qtone Education Group.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Qtone Stock
Qtone Education financial ratios help investors to determine whether Qtone Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Qtone with respect to the benefits of owning Qtone Education security.