QUALITY BEVERAGES (Mauritius) Market Value
| QBL Stock | 11.50 0.75 6.98% |
| Symbol | QUALITY |
QUALITY BEVERAGES '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 BEVERAGES'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 BEVERAGES.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in QUALITY BEVERAGES on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding QUALITY BEVERAGES LTD or generate 0.0% return on investment in QUALITY BEVERAGES over 30 days.
QUALITY BEVERAGES 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 BEVERAGES'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 BEVERAGES LTD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1158 | |||
| Maximum Drawdown | 7.58 | |||
| Potential Upside | 0.939 |
QUALITY BEVERAGES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for QUALITY BEVERAGES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as QUALITY BEVERAGES's standard deviation. In reality, there are many statistical measures that can use QUALITY BEVERAGES historical prices to predict the future QUALITY BEVERAGES's volatility.| Risk Adjusted Performance | 0.1581 | |||
| Jensen Alpha | 0.2394 | |||
| Total Risk Alpha | 0.0809 | |||
| Treynor Ratio | 3.48 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of QUALITY BEVERAGES'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.
QUALITY BEVERAGES LTD Backtested Returns
QUALITY BEVERAGES appears to be very steady, given 3 months investment horizon. QUALITY BEVERAGES LTD retains Efficiency (Sharpe Ratio) of 0.21, which implies the firm had a 0.21% return per unit of risk over the last 3 months. We have found twenty technical indicators for QUALITY BEVERAGES, which you can use to evaluate the volatility of the company. Please evaluate QUALITY BEVERAGES's market risk adjusted performance of 3.49, and Coefficient Of Variation of 494.98 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, QUALITY BEVERAGES holds a performance score of 16. The company owns a Beta (Systematic Risk) of 0.0708, which implies not very significant fluctuations relative to the market. As returns on the market increase, QUALITY BEVERAGES's returns are expected to increase less than the market. However, during the bear market, the loss of holding QUALITY BEVERAGES is expected to be smaller as well. Please check QUALITY BEVERAGES's variance, kurtosis, period momentum indicator, as well as the relationship between the total risk alpha and day median price , to make a quick decision on whether QUALITY BEVERAGES's current price history will revert.
Auto-correlation | 0.36 |
Below average predictability
QUALITY BEVERAGES LTD has below average predictability. Overlapping area represents the amount of predictability between QUALITY BEVERAGES time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 BEVERAGES LTD price movement. The serial correlation of 0.36 indicates that just about 36.0% of current QUALITY BEVERAGES price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
QUALITY BEVERAGES LTD lagged returns against current returns
Autocorrelation, which is QUALITY BEVERAGES 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 BEVERAGES's stock expected returns. We can calculate the autocorrelation of QUALITY BEVERAGES returns to help us make a trade decision. For example, suppose you find that QUALITY BEVERAGES 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 BEVERAGES 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 BEVERAGES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if QUALITY BEVERAGES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in QUALITY BEVERAGES stock over time.
Current vs Lagged Prices |
| Timeline |
QUALITY BEVERAGES Lagged Returns
When evaluating QUALITY BEVERAGES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of QUALITY BEVERAGES stock have on its future price. QUALITY BEVERAGES 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 BEVERAGES autocorrelation shows the relationship between QUALITY BEVERAGES stock current value and its past values and can show if there is a momentum factor associated with investing in QUALITY BEVERAGES LTD.
Regressed Prices |
| Timeline |
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