Qbe Insurance Group Stock Market Value

QBIEY Stock  USD 12.89  0.12  0.92%   
QBE Insurance's market value is the price at which a share of QBE Insurance trades on a public exchange. It measures the collective expectations of QBE Insurance Group investors about its performance. QBE Insurance is trading at 12.89 as of the 26th of November 2024; that is 0.92% down since the beginning of the trading day. The stock's open price was 13.01.
With this module, you can estimate the performance of a buy and hold strategy of QBE Insurance Group and determine expected loss or profit from investing in QBE Insurance over a given investment horizon. Check out QBE Insurance Correlation, QBE Insurance Volatility and QBE Insurance Alpha and Beta module to complement your research on QBE Insurance.
Symbol

Please note, there is a significant difference between QBE Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if QBE Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, QBE Insurance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

QBE Insurance '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 Insurance's pink sheet 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 Insurance.
0.00
07/05/2023
No Change 0.00  0.0 
In 1 year 4 months and 26 days
11/26/2024
0.00
If you would invest  0.00  in QBE Insurance on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding QBE Insurance Group or generate 0.0% return on investment in QBE Insurance over 510 days. QBE Insurance is related to or competes with Progressive Corp, White Mountains, Chubb, W R, and Kinsale Capital. QBE Insurance Group Limited underwrites general insurance and reinsurance risks More

QBE Insurance 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 Insurance's pink sheet 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 Insurance Group upside and downside potential and time the market with a certain degree of confidence.

QBE Insurance Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for QBE Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as QBE Insurance's standard deviation. In reality, there are many statistical measures that can use QBE Insurance historical prices to predict the future QBE Insurance's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of QBE Insurance's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
11.2912.8914.49
Details
Intrinsic
Valuation
LowRealHigh
12.3813.9815.58
Details
Naive
Forecast
LowNextHigh
11.4713.0814.68
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.6212.8813.15
Details

QBE Insurance Group Backtested Returns

QBE Insurance appears to be not too volatile, given 3 months investment horizon. QBE Insurance Group maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the company had a 0.19% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for QBE Insurance Group, which you can use to evaluate the volatility of the entity. Please evaluate QBE Insurance's market risk adjusted performance of 0.3773, and Coefficient Of Variation of 640.12 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, QBE Insurance holds a performance score of 15. The firm holds a Beta of 0.65, which implies possible diversification benefits within a given portfolio. As returns on the market increase, QBE Insurance's returns are expected to increase less than the market. However, during the bear market, the loss of holding QBE Insurance is expected to be smaller as well. Please check QBE Insurance's sortino ratio, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether QBE Insurance's historical price patterns will revert.

Auto-correlation

    
  0.49  

Average predictability

QBE Insurance Group has average predictability. Overlapping area represents the amount of predictability between QBE Insurance time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Insurance Group price movement. The serial correlation of 0.49 indicates that about 49.0% of current QBE Insurance price fluctuation can be explain by its past prices.
Correlation Coefficient0.49
Spearman Rank Test0.27
Residual Average0.0
Price Variance0.26

QBE Insurance Group lagged returns against current returns

Autocorrelation, which is QBE Insurance pink sheet'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 Insurance's pink sheet expected returns. We can calculate the autocorrelation of QBE Insurance returns to help us make a trade decision. For example, suppose you find that QBE Insurance has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Insurance 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 Insurance pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if QBE Insurance pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in QBE Insurance pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

QBE Insurance Lagged Returns

When evaluating QBE Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of QBE Insurance pink sheet have on its future price. QBE Insurance 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 Insurance autocorrelation shows the relationship between QBE Insurance pink sheet current value and its past values and can show if there is a momentum factor associated with investing in QBE Insurance Group.
   Regressed Prices   
       Timeline  

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Additional Tools for QBE Pink Sheet Analysis

When running QBE Insurance's price analysis, check to measure QBE Insurance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy QBE Insurance is operating at the current time. Most of QBE Insurance's value examination focuses on studying past and present price action to predict the probability of QBE Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move QBE Insurance's price. Additionally, you may evaluate how the addition of QBE Insurance to your portfolios can decrease your overall portfolio volatility.