QBE INSURGROUP (Germany) Market Value
| QBE Stock | EUR 12.30 0.20 1.65% |
| Symbol | QBE |
QBE INSURGROUP '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 QBE INSURGROUP'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 QBE INSURGROUP.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in QBE INSURGROUP on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding QBE INSURGROUP or generate 0.0% return on investment in QBE INSURGROUP over 390 days. QBE INSURGROUP is related to or competes with CAL-MAINE FOODS, NIPPON MEAT, KOOL2PLAY, and Beyond Meat. More
QBE INSURGROUP 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 QBE INSURGROUP'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 QBE INSURGROUP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.69 | |||
| Information Ratio | 0.1574 | |||
| Maximum Drawdown | 7.29 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 2.94 |
QBE INSURGROUP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for QBE INSURGROUP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as QBE INSURGROUP's standard deviation. In reality, there are many statistical measures that can use QBE INSURGROUP historical prices to predict the future QBE INSURGROUP's volatility.| Risk Adjusted Performance | 0.1936 | |||
| Jensen Alpha | 0.2222 | |||
| Total Risk Alpha | 0.1129 | |||
| Sortino Ratio | 0.1436 | |||
| Treynor Ratio | 0.3197 |
QBE INSURGROUP Backtested Returns
QBE INSURGROUP appears to be out of control, given 3 months investment horizon. QBE INSURGROUP maintains Sharpe Ratio (i.e., Efficiency) of 0.24, which implies the company had a 0.24% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for QBE INSURGROUP, which you can use to evaluate the volatility of the entity. Please evaluate QBE INSURGROUP's coefficient of variation of 405.32, and Market Risk Adjusted Performance of 0.3297 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, QBE INSURGROUP holds a performance score of 19. The firm holds a Beta of 1.16, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, QBE INSURGROUP will likely underperform. Please check QBE INSURGROUP's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether QBE INSURGROUP's historical price patterns will revert.
Auto-correlation | 0.13 |
Insignificant predictability
QBE INSURGROUP has insignificant predictability. Overlapping area represents the amount of predictability between QBE INSURGROUP time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 QBE INSURGROUP price movement. The serial correlation of 0.13 indicates that less than 13.0% of current QBE INSURGROUP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
QBE INSURGROUP lagged returns against current returns
Autocorrelation, which is QBE INSURGROUP 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 QBE INSURGROUP's stock expected returns. We can calculate the autocorrelation of QBE INSURGROUP returns to help us make a trade decision. For example, suppose you find that QBE INSURGROUP 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 |
QBE INSURGROUP 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 QBE INSURGROUP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if QBE INSURGROUP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in QBE INSURGROUP stock over time.
Current vs Lagged Prices |
| Timeline |
QBE INSURGROUP Lagged Returns
When evaluating QBE INSURGROUP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of QBE INSURGROUP stock have on its future price. QBE INSURGROUP 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, QBE INSURGROUP autocorrelation shows the relationship between QBE INSURGROUP stock current value and its past values and can show if there is a momentum factor associated with investing in QBE INSURGROUP.
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 QBE Stock
QBE INSURGROUP financial ratios help investors to determine whether QBE 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 QBE with respect to the benefits of owning QBE INSURGROUP security.