Quality Construction (Thailand) Market Value
| Q-CON Stock | 9.25 0.15 1.60% |
| Symbol | Quality |
Quality Construction '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 Quality Construction'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 Quality Construction.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in Quality Construction on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding Quality Construction Products or generate 0.0% return on investment in Quality Construction over 570 days. Quality Construction is related to or competes with PTT Public, PTT Exploration, CP ALL, and Kasikornbank Public. More
Quality Construction 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 Quality Construction'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 Quality Construction Products upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.99 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 12.97 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 3.0 |
Quality Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quality Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quality Construction's standard deviation. In reality, there are many statistical measures that can use Quality Construction historical prices to predict the future Quality Construction's volatility.| Risk Adjusted Performance | 0.0204 | |||
| Jensen Alpha | 0.009 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1693 |
Quality Construction Backtested Returns
Quality Construction maintains Sharpe Ratio (i.e., Efficiency) of -0.0448, which implies the firm had a -0.0448% return per unit of risk over the last 3 months. Quality Construction exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Quality Construction's Coefficient Of Variation of 5542.04, risk adjusted performance of 0.0204, and Semi Deviation of 1.6 to confirm the risk estimate we provide. The company holds a Beta of 0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, Quality Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Quality Construction is expected to be smaller as well. At this point, Quality Construction has a negative expected return of -0.0899%. Please make sure to check Quality Construction's value at risk, and the relationship between the jensen alpha and skewness , to decide if Quality Construction performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Quality Construction Products has virtually no predictability. Overlapping area represents the amount of predictability between Quality Construction time series from 7th of May 2023 to 16th of February 2024 and 16th of February 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 Quality Construction price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Quality Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 6.02 |
Quality Construction lagged returns against current returns
Autocorrelation, which is Quality Construction 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 Quality Construction's stock expected returns. We can calculate the autocorrelation of Quality Construction returns to help us make a trade decision. For example, suppose you find that Quality Construction 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 |
Quality Construction 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 Quality Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quality Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quality Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Quality Construction Lagged Returns
When evaluating Quality Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quality Construction stock have on its future price. Quality Construction 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, Quality Construction autocorrelation shows the relationship between Quality Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Quality Construction Products.
Regressed Prices |
| Timeline |
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Quality Construction financial ratios help investors to determine whether Quality 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 Quality with respect to the benefits of owning Quality Construction security.