Quectel Wireless (China) Market Value
| 603236 Stock | 50.40 0.49 0.98% |
| Symbol | Quectel |
Quectel 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 Quectel 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 Quectel Wireless.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Quectel Wireless on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Quectel Wireless Solutions or generate 0.0% return on investment in Quectel Wireless over 30 days. Quectel Wireless is related to or competes with Industrial, China Construction, Bank of China, Agricultural Bank, PetroChina, China Mobile, and Ping An. Quectel Wireless is entity of China. It is traded as Stock on SHG exchange. More
Quectel 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 Quectel 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 Quectel Wireless Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.41 | |||
| Information Ratio | 0.0701 | |||
| Maximum Drawdown | 19.28 | |||
| Value At Risk | (5.24) | |||
| Potential Upside | 6.05 |
Quectel Wireless Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quectel Wireless' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quectel Wireless' standard deviation. In reality, there are many statistical measures that can use Quectel Wireless historical prices to predict the future Quectel Wireless' volatility.| Risk Adjusted Performance | 0.0891 | |||
| Jensen Alpha | 0.3447 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0703 | |||
| Treynor Ratio | 4.46 |
Quectel Wireless Sol Backtested Returns
Quectel Wireless appears to be very steady, given 3 months investment horizon. Quectel Wireless Sol maintains Sharpe Ratio (i.e., Efficiency) of 0.0946, which implies the firm had a 0.0946% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Quectel Wireless Sol, which you can use to evaluate the volatility of the company. Please evaluate Quectel Wireless' Semi Deviation of 3.07, coefficient of variation of 939.61, and Risk Adjusted Performance of 0.0891 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Quectel Wireless holds a performance score of 7. The company holds a Beta of 0.0794, which implies not very significant fluctuations relative to the market. As returns on the market increase, Quectel Wireless' returns are expected to increase less than the market. However, during the bear market, the loss of holding Quectel Wireless is expected to be smaller as well. Please check Quectel Wireless' semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Quectel Wireless' historical price patterns will revert.
Auto-correlation | -0.65 |
Very good reverse predictability
Quectel Wireless Solutions has very good reverse predictability. Overlapping area represents the amount of predictability between Quectel Wireless time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Quectel Wireless Sol price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Quectel Wireless price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 1.57 |
Quectel Wireless Sol lagged returns against current returns
Autocorrelation, which is Quectel 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 Quectel Wireless' stock expected returns. We can calculate the autocorrelation of Quectel Wireless returns to help us make a trade decision. For example, suppose you find that Quectel 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 |
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Quectel 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 Quectel Wireless stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quectel Wireless stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quectel Wireless stock over time.
Current vs Lagged Prices |
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Quectel Wireless Lagged Returns
When evaluating Quectel Wireless' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quectel Wireless stock have on its future price. Quectel 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, Quectel Wireless autocorrelation shows the relationship between Quectel Wireless stock current value and its past values and can show if there is a momentum factor associated with investing in Quectel Wireless Solutions.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Quectel Stock
Quectel Wireless financial ratios help investors to determine whether Quectel 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 Quectel with respect to the benefits of owning Quectel Wireless security.