Qantas Airways (Germany) Market Value
| QAN Stock | EUR 5.53 0.03 0.55% |
| Symbol | Qantas |
Qantas Airways '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 Qantas Airways' 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 Qantas Airways.
| 05/28/2024 |
| 11/24/2024 |
If you would invest 0.00 in Qantas Airways on May 28, 2024 and sell it all today you would earn a total of 0.00 from holding Qantas Airways Limited or generate 0.0% return on investment in Qantas Airways over 180 days. Qantas Airways is related to or competes with Sumitomo Mitsui, Gol Intelligent, H FARM, Titan Machinery, Sterling Construction, North American, and Granite Construction. Qantas Airways Limited provides passenger and freight air transportation services in Australia and internationally More
Qantas Airways 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 Qantas Airways' 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 Qantas Airways Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.73 | |||
| Information Ratio | 0.2663 | |||
| Maximum Drawdown | 9.03 | |||
| Value At Risk | (2.71) | |||
| Potential Upside | 3.02 |
Qantas Airways Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qantas Airways' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qantas Airways' standard deviation. In reality, there are many statistical measures that can use Qantas Airways historical prices to predict the future Qantas Airways' volatility.| Risk Adjusted Performance | 0.2671 | |||
| Jensen Alpha | 0.5316 | |||
| Total Risk Alpha | 0.3114 | |||
| Sortino Ratio | 0.2698 | |||
| Treynor Ratio | 1.27 |
Qantas Airways Backtested Returns
Qantas Airways appears to be somewhat reliable, given 3 months investment horizon. Qantas Airways maintains Sharpe Ratio (i.e., Efficiency) of 0.32, which implies the firm had a 0.32% return per unit of risk over the last 3 months. By analyzing Qantas Airways' technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please evaluate Qantas Airways' Risk Adjusted Performance of 0.2671, semi deviation of 1.26, and Coefficient Of Variation of 293.29 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Qantas Airways holds a performance score of 25. The company holds a Beta of 0.46, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Qantas Airways' returns are expected to increase less than the market. However, during the bear market, the loss of holding Qantas Airways is expected to be smaller as well. Please check Qantas Airways' total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to make a quick decision on whether Qantas Airways' historical price patterns will revert.
Auto-correlation | -0.34 |
Poor reverse predictability
Qantas Airways Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Qantas Airways time series from 28th of May 2024 to 26th of August 2024 and 26th of August 2024 to 24th 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 Qantas Airways price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Qantas Airways price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Qantas Airways lagged returns against current returns
Autocorrelation, which is Qantas Airways 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 Qantas Airways' stock expected returns. We can calculate the autocorrelation of Qantas Airways returns to help us make a trade decision. For example, suppose you find that Qantas Airways 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 |
Qantas Airways 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 Qantas Airways stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qantas Airways stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qantas Airways stock over time.
Current vs Lagged Prices |
| Timeline |
Qantas Airways Lagged Returns
When evaluating Qantas Airways' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qantas Airways stock have on its future price. Qantas Airways 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, Qantas Airways autocorrelation shows the relationship between Qantas Airways stock current value and its past values and can show if there is a momentum factor associated with investing in Qantas Airways Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Qantas Stock
Qantas Airways financial ratios help investors to determine whether Qantas 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 Qantas with respect to the benefits of owning Qantas Airways security.