Queclink Wireless (China) Market Value
| 300590 Stock | 14.69 0.15 1.01% |
| Symbol | Queclink |
Queclink Wireless '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 Queclink Wireless' 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 Queclink Wireless.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Queclink Wireless on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Queclink Wireless Solutions or generate 0.0% return on investment in Queclink Wireless over 30 days. Queclink Wireless is related to or competes with Hangzhou Coco, Northking Information, Impulse Qingdao, Westone Information, AVCON Information, Zhuhai Comleader, and State Grid. Queclink Wireless is entity of China. It is traded as Stock on SHE exchange. More
Queclink Wireless 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 Queclink Wireless' 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 Queclink Wireless Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.1 | |||
| Information Ratio | 0.0938 | |||
| Maximum Drawdown | 36.78 | |||
| Value At Risk | (5.06) | |||
| Potential Upside | 5.96 |
Queclink Wireless Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Queclink Wireless' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Queclink Wireless' standard deviation. In reality, there are many statistical measures that can use Queclink Wireless historical prices to predict the future Queclink Wireless' volatility.| Risk Adjusted Performance | 0.0958 | |||
| Jensen Alpha | 0.5937 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.1223 | |||
| Treynor Ratio | 8.75 |
Queclink Wireless Backtested Returns
Queclink Wireless appears to be slightly risky, given 3 months investment horizon. Queclink Wireless 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 Queclink Wireless' technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please evaluate Queclink Wireless' Coefficient Of Variation of 874.9, semi deviation of 3.68, and Risk Adjusted Performance of 0.0958 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Queclink Wireless holds a performance score of 10. The company holds a Beta of 0.0686, which implies not very significant fluctuations relative to the market. As returns on the market increase, Queclink Wireless' returns are expected to increase less than the market. However, during the bear market, the loss of holding Queclink Wireless is expected to be smaller as well. Please check Queclink Wireless' market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Queclink Wireless' historical price patterns will revert.
Auto-correlation | 0.73 |
Good predictability
Queclink Wireless Solutions has good predictability. Overlapping area represents the amount of predictability between Queclink Wireless time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Queclink Wireless price movement. The serial correlation of 0.73 indicates that around 73.0% of current Queclink Wireless price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Queclink Wireless lagged returns against current returns
Autocorrelation, which is Queclink Wireless 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 Queclink Wireless' stock expected returns. We can calculate the autocorrelation of Queclink Wireless returns to help us make a trade decision. For example, suppose you find that Queclink Wireless 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 |
Queclink Wireless 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 Queclink Wireless stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Queclink Wireless stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Queclink Wireless stock over time.
Current vs Lagged Prices |
| Timeline |
Queclink Wireless Lagged Returns
When evaluating Queclink Wireless' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Queclink Wireless stock have on its future price. Queclink Wireless 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, Queclink Wireless autocorrelation shows the relationship between Queclink Wireless stock current value and its past values and can show if there is a momentum factor associated with investing in Queclink Wireless Solutions.
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 Queclink Stock
Queclink Wireless financial ratios help investors to determine whether Queclink 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 Queclink with respect to the benefits of owning Queclink Wireless security.