QUALCOMM Incorporated (Germany) Market Value
| QCI Stock | EUR 149.66 1.56 1.03% |
| Symbol | QUALCOMM |
QUALCOMM Incorporated '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 QUALCOMM Incorporated'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 QUALCOMM Incorporated.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in QUALCOMM Incorporated on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding QUALCOMM Incorporated or generate 0.0% return on investment in QUALCOMM Incorporated over 180 days. QUALCOMM Incorporated is related to or competes with URBAN OUTFITTERS, Hyster-Yale Materials, Gamma Communications, G-III APPAREL, Mobilezone Holding, EAGLE MATERIALS, and Materialise. QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide More
QUALCOMM Incorporated 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 QUALCOMM Incorporated'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 QUALCOMM Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.35 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.73 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 2.88 |
QUALCOMM Incorporated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for QUALCOMM Incorporated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as QUALCOMM Incorporated's standard deviation. In reality, there are many statistical measures that can use QUALCOMM Incorporated historical prices to predict the future QUALCOMM Incorporated's volatility.| Risk Adjusted Performance | 0.0184 | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.014 |
QUALCOMM Incorporated Backtested Returns
QUALCOMM Incorporated retains Efficiency (Sharpe Ratio) of -0.002, which implies the firm had a -0.002% return per unit of risk over the last 3 months. QUALCOMM Incorporated exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check QUALCOMM Incorporated's semi deviation of 2.27, and Market Risk Adjusted Performance of 0.024 to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of 1.77, 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, QUALCOMM Incorporated will likely underperform. At this point, QUALCOMM Incorporated has a negative expected return of -0.0044%. Please make sure to check QUALCOMM Incorporated's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if QUALCOMM Incorporated performance from the past will be repeated at future time.
Auto-correlation | -0.28 |
Weak reverse predictability
QUALCOMM Incorporated has weak reverse predictability. Overlapping area represents the amount of predictability between QUALCOMM Incorporated time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 QUALCOMM Incorporated price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current QUALCOMM Incorporated price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 17.35 |
QUALCOMM Incorporated lagged returns against current returns
Autocorrelation, which is QUALCOMM Incorporated 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 QUALCOMM Incorporated's stock expected returns. We can calculate the autocorrelation of QUALCOMM Incorporated returns to help us make a trade decision. For example, suppose you find that QUALCOMM Incorporated 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 |
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QUALCOMM Incorporated 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 QUALCOMM Incorporated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if QUALCOMM Incorporated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in QUALCOMM Incorporated stock over time.
Current vs Lagged Prices |
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QUALCOMM Incorporated Lagged Returns
When evaluating QUALCOMM Incorporated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of QUALCOMM Incorporated stock have on its future price. QUALCOMM Incorporated 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, QUALCOMM Incorporated autocorrelation shows the relationship between QUALCOMM Incorporated stock current value and its past values and can show if there is a momentum factor associated with investing in QUALCOMM Incorporated.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in QUALCOMM Stock
When determining whether QUALCOMM Incorporated is a strong investment it is important to analyze QUALCOMM Incorporated's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact QUALCOMM Incorporated's future performance. For an informed investment choice regarding QUALCOMM Stock, refer to the following important reports:Check out QUALCOMM Incorporated Correlation, QUALCOMM Incorporated Volatility and QUALCOMM Incorporated Alpha and Beta module to complement your research on QUALCOMM Incorporated. For more detail on how to invest in QUALCOMM Stock please use our How to Invest in QUALCOMM Incorporated guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
QUALCOMM Incorporated technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.