Quebecor (Germany) Market Value
| QB3 Stock | EUR 21.80 0.20 0.93% |
| Symbol | Quebecor |
Quebecor '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 Quebecor'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 Quebecor.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Quebecor on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Quebecor or generate 0.0% return on investment in Quebecor over 30 days. Quebecor is related to or competes with Sims Metal, TRADEDOUBLER, Jupiter Fund, 24SEVENOFFICE GROUP, Canon Marketing, Waste Management, and CarsalesCom. Quebecor Inc. operates in the telecommunications, media, and sports and entertainment businesses in Canada More
Quebecor 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 Quebecor'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 Quebecor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.26 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 2.6 |
Quebecor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quebecor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quebecor's standard deviation. In reality, there are many statistical measures that can use Quebecor historical prices to predict the future Quebecor's volatility.| Risk Adjusted Performance | 0.031 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0854 |
Quebecor Backtested Returns
Quebecor maintains Sharpe Ratio (i.e., Efficiency) of -0.0084, which implies the firm had a -0.0084% return per unit of risk over the last 3 months. Quebecor exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Quebecor's Risk Adjusted Performance of 0.031, semi deviation of 1.05, and Coefficient Of Variation of 2845.72 to confirm the risk estimate we provide. The company holds a Beta of 0.42, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Quebecor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Quebecor is expected to be smaller as well. At this point, Quebecor has a negative expected return of -0.0106%. Please make sure to check Quebecor's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Quebecor performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Quebecor has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Quebecor time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Quebecor price movement. The serial correlation of -0.73 indicates that around 73.0% of current Quebecor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Quebecor lagged returns against current returns
Autocorrelation, which is Quebecor 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 Quebecor's stock expected returns. We can calculate the autocorrelation of Quebecor returns to help us make a trade decision. For example, suppose you find that Quebecor 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 |
Quebecor 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 Quebecor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quebecor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quebecor stock over time.
Current vs Lagged Prices |
| Timeline |
Quebecor Lagged Returns
When evaluating Quebecor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quebecor stock have on its future price. Quebecor 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, Quebecor autocorrelation shows the relationship between Quebecor stock current value and its past values and can show if there is a momentum factor associated with investing in Quebecor.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Quebecor Stock
Quebecor financial ratios help investors to determine whether Quebecor 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 Quebecor with respect to the benefits of owning Quebecor security.